$BTC holds steady but ZEC suddenly surged—what does that mean?
$BTC is still the same $BTC : firmly #1 in the rankings. Last night’s dip to 108,000 made me think it was going to break down, but it V’d right back. The bears got buried again.
Open interest on the futures market is still rising—bulls haven’t backed off.
As for ZEC, a privacy coin ranked 9, any sudden spike must have a reason. Either there’s some regulatory news, or a big whale is setting up in the privacy track. I went to look around and didn’t see any major headlines. These kinds of unprompted pumps make me feel uneasy.
As for PENGU (that penguin NFT token), rank 110—I’m just going to pass. The NFT theme has already gone cold. What’s still being traded now is basically just meme coins that exist to strip liquidity from retail.
I’m waiting for $BTC to dip to 105,000 before adding a bit more, mainly spot. For ZEC, just take a look. Any rally without fundamental news support is just messing around.
Do you think this privacy-coin move can keep going?
#Write2Earn #Crypto
⚠️ Personal views only—does not constitute investment advice.
$BTC is still the same $BTC : firmly #1 in the rankings. Last night’s dip to 108,000 made me think it was going to break down, but it V’d right back. The bears got buried again.
Open interest on the futures market is still rising—bulls haven’t backed off.
As for ZEC, a privacy coin ranked 9, any sudden spike must have a reason. Either there’s some regulatory news, or a big whale is setting up in the privacy track. I went to look around and didn’t see any major headlines. These kinds of unprompted pumps make me feel uneasy.
As for PENGU (that penguin NFT token), rank 110—I’m just going to pass. The NFT theme has already gone cold. What’s still being traded now is basically just meme coins that exist to strip liquidity from retail.
I’m waiting for $BTC to dip to 105,000 before adding a bit more, mainly spot. For ZEC, just take a look. Any rally without fundamental news support is just messing around.
Do you think this privacy-coin move can keep going?
#Write2Earn #Crypto
⚠️ Personal views only—does not constitute investment advice.