$ZEN back above $7
First look at $9.7 in October
ZEN was still around $6 a few days ago, but has now already moved back above $7.
What I’m looking at here isn’t that $ZEN suddenly had some major news on its own; rather, $ZEC has already demonstrated the capital strength of the entire privacy track.
Over two days, ZEC pulled from around 1100 to 1500, and during the same period, ZEN also returned from the $6 range to above $7.
The biggest difference between the two is size.
ZEC is already in the stage where institutional capital can be continuously allocated. ZEN’s market cap is far smaller than ZEC’s, and its maximum supply is only 21 million coins. As long as this wave of funding in the privacy track doesn’t quickly fade, ZEN’s price elasticity will be much higher than ZEC’s.
First look at $9.7 in October
ZEN was still around $6 a few days ago, but has now already moved back above $7.
What I’m looking at here isn’t that $ZEN suddenly had some major news on its own; rather, $ZEC has already demonstrated the capital strength of the entire privacy track.
Over two days, ZEC pulled from around 1100 to 1500, and during the same period, ZEN also returned from the $6 range to above $7.
The biggest difference between the two is size.
ZEC is already in the stage where institutional capital can be continuously allocated. ZEN’s market cap is far smaller than ZEC’s, and its maximum supply is only 21 million coins. As long as this wave of funding in the privacy track doesn’t quickly fade, ZEN’s price elasticity will be much higher than ZEC’s.