Everyone's calling $ZEC's November 5 upgrade a catalyst. I'm not sure the chart agrees yet.
Q: So what's actually changing?
A: NU7, expected around November 5 at block 3,543,405, cuts block time from 75 seconds to 25. First confirmations arrive about three times faster, while daily issuance stays unchanged. That's a real speed upgrade, not new supply.
Q: Then why isn't this free money?
A: Because the funding fight is still open. Proposals circulated on October 30-31 to end the 8% grants stream, with a counter-proposal to move 36,200 ZEC from the grants treasury. And $ZEC sits near $1,244, still under $1,281, after wicking below $1,232 — a wick is not a close, but it is a warning.
Q: What settles it?
A: A 4-hour close. Above $1,281, the $1,319 October cap comes back into view; a close under $1,232 breaks the hold I'm watching.
Close lines: support $1,232 · resistance $1,281 · invalidation: a 4H close under $1,232.
What's your answer to Q2 — the upgrade, or the funding fight?
Not financial advice. DYOR.
$ZEC #Altcoins #Zcash #NU7 #Privacy #CryptoMarkets
Q: So what's actually changing?
A: NU7, expected around November 5 at block 3,543,405, cuts block time from 75 seconds to 25. First confirmations arrive about three times faster, while daily issuance stays unchanged. That's a real speed upgrade, not new supply.
Q: Then why isn't this free money?
A: Because the funding fight is still open. Proposals circulated on October 30-31 to end the 8% grants stream, with a counter-proposal to move 36,200 ZEC from the grants treasury. And $ZEC sits near $1,244, still under $1,281, after wicking below $1,232 — a wick is not a close, but it is a warning.
Q: What settles it?
A: A 4-hour close. Above $1,281, the $1,319 October cap comes back into view; a close under $1,232 breaks the hold I'm watching.
Close lines: support $1,232 · resistance $1,281 · invalidation: a 4H close under $1,232.
What's your answer to Q2 — the upgrade, or the funding fight?
Not financial advice. DYOR.
$ZEC #Altcoins #Zcash #NU7 #Privacy #CryptoMarkets
