ZEC gave me a real scare in the early hours: it plunged all the way to 1049, and I thought it was going to break below 1000. Then it bounced back nearly 6% within an hour, and now it's back above 1120 😭
This coin has been truly wild lately. It slid all the way down from 1286, then clawed back a big chunk in one morning. On the news front, Paradigm co-founder Matt Huang publicly acknowledged that they're $ZEC holders, and that they also invested in ZODL, Zcash's development fund, calling it “the privacy version of Bitcoin.”
The 24-hour change is actually just -0.5%—all that drama, and it's basically gone nowhere. But with an intraday chart like an EKG, neither the bears nor the bulls came out ahead.
#ZEC #Market Analysis
This coin has been truly wild lately. It slid all the way down from 1286, then clawed back a big chunk in one morning. On the news front, Paradigm co-founder Matt Huang publicly acknowledged that they're $ZEC holders, and that they also invested in ZODL, Zcash's development fund, calling it “the privacy version of Bitcoin.”
The 24-hour change is actually just -0.5%—all that drama, and it's basically gone nowhere. But with an intraday chart like an EKG, neither the bears nor the bulls came out ahead.
#ZEC #Market Analysis