$ZEC Recent market performance has been nothing short of impressive. Not only has it successfully broken through the $850 mark, but it has also set a new price high in eight years. Behind this trend, there were actually early signals supporting it.
First, market expectations for the approval of the Grayscale Zcash spot ETF are steadily heating up. Once this expectation is realized, it will bring a large amount of incremental capital to the entire sector. Second, the narrative around privacy chains is returning to mainstream focus. In the current market environment, demand for privacy assets is gradually being repriced by the market.
From a cost-basis/position structure perspective, long-term holders of ZEC control most of the available supply. A highly concentrated holding structure also means relatively limited selling pressure, making it easier to push the market higher.
At present, ZEC is quoted at $790.5, with a 24-hour trading volume of $2.22 billion and a market cap of $13.31 billion. The next phase of its price action is worth keeping a close watch on.
#隐私币 # cryptocurrency
First, market expectations for the approval of the Grayscale Zcash spot ETF are steadily heating up. Once this expectation is realized, it will bring a large amount of incremental capital to the entire sector. Second, the narrative around privacy chains is returning to mainstream focus. In the current market environment, demand for privacy assets is gradually being repriced by the market.
From a cost-basis/position structure perspective, long-term holders of ZEC control most of the available supply. A highly concentrated holding structure also means relatively limited selling pressure, making it easier to push the market higher.
At present, ZEC is quoted at $790.5, with a 24-hour trading volume of $2.22 billion and a market cap of $13.31 billion. The next phase of its price action is worth keeping a close watch on.
#隐私币 # cryptocurrency