$ZEC One day down 12%—I'm still buying
ZCSH has already reached $500 million in two weeks
$ZEC This time, it fell all the way from above $1,200 down to around $1,100. The maximum daily drop exceeded 12%.
But I’m still buying.
When the price was dropping, I rechecked the ZCSH data.
Grayscale’s Zcash ETF only launched on August 25, and by September 8 its assets already exceeded $530 million.
On September 8, DCG also directly exchanged 85,705 ZEC for about $100 million worth of ZCSH shares.
And ZCSH has even started trading options now.
On the other side, Zcash network hashrate increased by about 13% from September 1 to September 8.
So when $ZEC drops to over $1,100, I will still keep buying.
The $1,420 target I mentioned earlier won’t change for now.
ZCSH has already reached $500 million in two weeks
$ZEC This time, it fell all the way from above $1,200 down to around $1,100. The maximum daily drop exceeded 12%.
But I’m still buying.
When the price was dropping, I rechecked the ZCSH data.
Grayscale’s Zcash ETF only launched on August 25, and by September 8 its assets already exceeded $530 million.
On September 8, DCG also directly exchanged 85,705 ZEC for about $100 million worth of ZCSH shares.
And ZCSH has even started trading options now.
On the other side, Zcash network hashrate increased by about 13% from September 1 to September 8.
So when $ZEC drops to over $1,100, I will still keep buying.
The $1,420 target I mentioned earlier won’t change for now.