ZEC rebounded to 1160, but it’s still below the 4H MA60, so I’m not chasing it.
What I’ve seen: The Zcash NU7 proposal (ZIP 2003) plans to disable v4 transactions, making approximately 22,309 ZEC in the Sprout pool unspendable. They won’t be burned, just frozen.
The mainnet activation height is set to be finalized on October 20, with November 5 as the preliminary target. Last week, Russia’s central bank also explicitly said that starting in July 2027, individuals will be prohibited from transferring coins to self-custody wallets.
ZEC is trading at 1163 on Binance Spot, up about 2.7% over 24 hours. It hit a low of 1049 in the early hours, and is still down more than 30% from the September 26 high of 1698.
I think freezing more than 20,000 old coins will have little impact on supply. The real variable is NU7 itself: 25-second block times and 60% of fees removed from circulation.
Privacy coins are being squeezed by regulators while also shedding old baggage. The narrative is there, but the trend hasn’t reversed yet.
My plan: Watch, don’t chase. I’ll reassess the recovery if the 4H candle closes firmly above 1200.
Invalidation: A break below 1049 would void this rebound. I won’t try to catch a falling knife.
Do you think NU7 is a bullish catalyst for ZEC, or a “sell the news” moment?
$ZEC $DASH
#ZcashNU7提案拟冻结Sprout支出 #俄央行称2027年7月禁自托管钱包交易
What I’ve seen: The Zcash NU7 proposal (ZIP 2003) plans to disable v4 transactions, making approximately 22,309 ZEC in the Sprout pool unspendable. They won’t be burned, just frozen.
The mainnet activation height is set to be finalized on October 20, with November 5 as the preliminary target. Last week, Russia’s central bank also explicitly said that starting in July 2027, individuals will be prohibited from transferring coins to self-custody wallets.
ZEC is trading at 1163 on Binance Spot, up about 2.7% over 24 hours. It hit a low of 1049 in the early hours, and is still down more than 30% from the September 26 high of 1698.
I think freezing more than 20,000 old coins will have little impact on supply. The real variable is NU7 itself: 25-second block times and 60% of fees removed from circulation.
Privacy coins are being squeezed by regulators while also shedding old baggage. The narrative is there, but the trend hasn’t reversed yet.
My plan: Watch, don’t chase. I’ll reassess the recovery if the 4H candle closes firmly above 1200.
Invalidation: A break below 1049 would void this rebound. I won’t try to catch a falling knife.
Do you think NU7 is a bullish catalyst for ZEC, or a “sell the news” moment?
$ZEC $DASH
#ZcashNU7提案拟冻结Sprout支出 #俄央行称2027年7月禁自托管钱包交易