I’m really convinced this time. $ZEC continuously offers around 1662.54; within 24 hours, it’s about +8.49%. When opening: ~1532.40; high: ~1699.00; low: ~1516.75. Trading volume is about 1.616 billion U, and open interest is about 763 million U.
The anchor is solid: around 9/25, [alloc] init released the “Shielded Bitcoin” paper (Clara Shikhelman / Mikhail Komarov / Aleksei Moskvin). Using Zcash’s approach—encrypted notes plus zero-knowledge proofs—aiming to enable private transfers on Bitcoin L1 without needing a soft fork. CoinDesk and Galaxy have covered it. On top of that, there’s also the Grayscale ZCSH AUM report, at roughly the $1 billion scale.
Personally, I think the privacy narrative is still being used to keep the market propped up. The paper is real, but the peg-in/out parts are not finished yet, and there’s no launch date. Since the price is already above ~1600, don’t treat the research paper like an all-at-once spot-market bullish catalyst and go all in.
The anchor is solid: around 9/25, [alloc] init released the “Shielded Bitcoin” paper (Clara Shikhelman / Mikhail Komarov / Aleksei Moskvin). Using Zcash’s approach—encrypted notes plus zero-knowledge proofs—aiming to enable private transfers on Bitcoin L1 without needing a soft fork. CoinDesk and Galaxy have covered it. On top of that, there’s also the Grayscale ZCSH AUM report, at roughly the $1 billion scale.
Personally, I think the privacy narrative is still being used to keep the market propped up. The paper is real, but the peg-in/out parts are not finished yet, and there’s no launch date. Since the price is already above ~1600, don’t treat the research paper like an all-at-once spot-market bullish catalyst and go all in.
