ZEC this wave—honestly, I’m a bit lost.
Don’t rush to attack first. In the past 24 hours it’s up 6.47%, with trading volume of $268 million. The price has been pushed all the way to $833. Many people say this is the “doomsday tank” starting up, but have you thought about it—when everyone across the internet is watching BTC and Ethereum, who is quietly lifting the elevator?
My instinct is that this round isn’t retail-driven. The anonymity of ZEC, in the eyes of certain large funds, is like a back door for hedging. You can say it’s old, that it hasn’t innovated—but when the market votes with its feet, it never talks about sentiment.
In terms of action, the aggressive crowd is chasing it now, but I think the value-for-money isn’t great. For the more steady approach, wait for a pullback to around 800 and see how strong the support is. Remember: violent pumps in altcoins are often accompanied by wick spikes. The upside you see may not be the meat you actually end up eating.
One last question: do you think this ZEC move is lagged follow-through, or the start of a brand-new independent trend? Chat in the comments. $ZEC
Don’t rush to attack first. In the past 24 hours it’s up 6.47%, with trading volume of $268 million. The price has been pushed all the way to $833. Many people say this is the “doomsday tank” starting up, but have you thought about it—when everyone across the internet is watching BTC and Ethereum, who is quietly lifting the elevator?
My instinct is that this round isn’t retail-driven. The anonymity of ZEC, in the eyes of certain large funds, is like a back door for hedging. You can say it’s old, that it hasn’t innovated—but when the market votes with its feet, it never talks about sentiment.
In terms of action, the aggressive crowd is chasing it now, but I think the value-for-money isn’t great. For the more steady approach, wait for a pullback to around 800 and see how strong the support is. Remember: violent pumps in altcoins are often accompanied by wick spikes. The upside you see may not be the meat you actually end up eating.
One last question: do you think this ZEC move is lagged follow-through, or the start of a brand-new independent trend? Chat in the comments. $ZEC