ZEC is up just 3.6%, buried inconspicuously in the middle of the rankings, yet its trading volume is a whopping 66 million—more than the combined volume of the top gainers. The price is a little over 1,200, and its market cap is over 20 billion. For an asset that large to have this kind of turnover, it doesn’t look like retail traders are just churning it around.
It’s an old coin. The privacy sector has been quiet for years, but volume has suddenly picked up lately. Slow gains and high volume make it clear that someone is passing it back and forth. This doesn’t look like the kind of setup where they pump it and then run.
It’s an old coin. The privacy sector has been quiet for years, but volume has suddenly picked up lately. Slow gains and high volume make it clear that someone is passing it back and forth. This doesn’t look like the kind of setup where they pump it and then run.