This is the kind of name that treats “not being visible” as a selling point—these are all listed on Binance spot, but their scale is vastly different: Zcash at about $27.5 billion, Dash at about $810 million, Oasis at about $67 million, and Mask at about $50 million. Their seven-day upward moves were roughly 34.6%, 19.5%, 31.4%, and 19.2%, all clustered between about twenty and thirty-some percentage points. But the sizes couldn’t separate them; what separates them is whether “not being visible” left any readings to be inferred: among the four, only Zcash does—about 4.9 million coins have been moved into addresses that keep the size but not the details, accounting for more than 30% of what already exists, setting a record.
From Sept 22 to 23, the price quote rose above $1,600, the first time since 2016; compared with the $3,191.93 peak in 2016, it’s still about halfway there. The on-chain reading there has been moving too: the number of shielded transactions rose last week to about 62,379, the highest in four years, of which about 55,549 are flowing into a brand-new pool.
I put the two actions that remove tradable share side by side. One is the on-chain portion of those roughly 4.9 million coins—moving them back only adds a few layers of procedure. The other is a product from a U.S. institution: net absorption in September was about $284 million, while August was only about $21 million; valued by the quoted price, that’s roughly 610,000 coins. This portion has to be sold off first before it can come back. The two differ by orders of magnitude in scale, and their reversibility is also opposite.
The timeline is also telling: on Sept 17, several development teams set the next upgrade for Nov 5 on the mainnet, with the block interval planned to be compressed from 75 seconds down to 25 seconds. The hard cap is still 21 million coins.
What this round is pricing in is the reading from that on-chain part, while the quote-side part is still about halfway away from its own decade-old record. The wording can be quite specific too: if the shielded-pool reading continues to decline afterward, while the product side keeps expanding, that suggests the money used to raise the price is moving through the channel and isn’t related to the people who are hiding the coins. If the two continue in the same direction, keep this reading. The portion of this asset that can be used is thinning at both ends; if you want to buy it yourself, Binance has six trading pairs for it, and the quoted price for the platform token BNB is updated as usual. This article records viewpoints only and does not constitute investment advice.$DUSK
$ZBT
$RARE
#zec突破1600美元创新高
From Sept 22 to 23, the price quote rose above $1,600, the first time since 2016; compared with the $3,191.93 peak in 2016, it’s still about halfway there. The on-chain reading there has been moving too: the number of shielded transactions rose last week to about 62,379, the highest in four years, of which about 55,549 are flowing into a brand-new pool.
I put the two actions that remove tradable share side by side. One is the on-chain portion of those roughly 4.9 million coins—moving them back only adds a few layers of procedure. The other is a product from a U.S. institution: net absorption in September was about $284 million, while August was only about $21 million; valued by the quoted price, that’s roughly 610,000 coins. This portion has to be sold off first before it can come back. The two differ by orders of magnitude in scale, and their reversibility is also opposite.
The timeline is also telling: on Sept 17, several development teams set the next upgrade for Nov 5 on the mainnet, with the block interval planned to be compressed from 75 seconds down to 25 seconds. The hard cap is still 21 million coins.
What this round is pricing in is the reading from that on-chain part, while the quote-side part is still about halfway away from its own decade-old record. The wording can be quite specific too: if the shielded-pool reading continues to decline afterward, while the product side keeps expanding, that suggests the money used to raise the price is moving through the channel and isn’t related to the people who are hiding the coins. If the two continue in the same direction, keep this reading. The portion of this asset that can be used is thinning at both ends; if you want to buy it yourself, Binance has six trading pairs for it, and the quoted price for the platform token BNB is updated as usual. This article records viewpoints only and does not constitute investment advice.$DUSK
$ZBT
$RARE
#zec突破1600美元创新高
