$ZEC rose to 1336, with 15 days to go until the upgrade
ZEC perpetuals are up 11.6% in 24 hours, currently at 1336.14. Today’s high was 1347.93, with roughly 1.93 billion U in trading volume.
Catalyst: the NU7 upgrade on November 5 will cut block times from 75 seconds to 25 seconds and retire the old Sprout pool.
Interestingly, the funding rate is -0.006%—even after this rally, shorts are still paying.
My take: it’s common for expectations to drive a rally ahead of an upgrade, but the day good news lands is often a short-term peak too. I’m more focused on whether 1300 can hold.
Would you hold until November 5, or get out before the upgrade?
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The above content does not constitute investment advice.
ZEC perpetuals are up 11.6% in 24 hours, currently at 1336.14. Today’s high was 1347.93, with roughly 1.93 billion U in trading volume.
Catalyst: the NU7 upgrade on November 5 will cut block times from 75 seconds to 25 seconds and retire the old Sprout pool.
Interestingly, the funding rate is -0.006%—even after this rally, shorts are still paying.
My take: it’s common for expectations to drive a rally ahead of an upgrade, but the day good news lands is often a short-term peak too. I’m more focused on whether 1300 can hold.
Would you hold until November 5, or get out before the upgrade?
#PrivacyCoins
The above content does not constitute investment advice.