Here's what happened when the Zcash network processed over $23 billion in just seven days last week.
Traders keep losing money by ignoring on-chain volume in favor of social media hype. Missing entries on assets that actually have liquidity moving is how most people end up buying the top.
The $ZEC network moved over $23 billion from September 14th to the 20th. That's a notable figure when you consider how quiet privacy coins have been compared to the rest of the market.
We've seen similar activity in $XMR during past periods of heightened privacy demand, much like the on-chain rushes $BTC experiences when uncertainty hits. Zcash appears to be following a comparable pattern this time around.
High volume like this shows real usage that often gets overlooked until later. It teaches us to pay attention to these metrics rather than just price action if we want to avoid the typical traps.
What's your take on privacy coins seeing this kind of movement?
#Zcash #PrivacyCoins #OnChain
Traders keep losing money by ignoring on-chain volume in favor of social media hype. Missing entries on assets that actually have liquidity moving is how most people end up buying the top.
The $ZEC network moved over $23 billion from September 14th to the 20th. That's a notable figure when you consider how quiet privacy coins have been compared to the rest of the market.
We've seen similar activity in $XMR during past periods of heightened privacy demand, much like the on-chain rushes $BTC experiences when uncertainty hits. Zcash appears to be following a comparable pattern this time around.
High volume like this shows real usage that often gets overlooked until later. It teaches us to pay attention to these metrics rather than just price action if we want to avoid the typical traps.
What's your take on privacy coins seeing this kind of movement?
#Zcash #PrivacyCoins #OnChain
