Why has $ZEC performed so well in this rally, massively outperforming ETH and even BTC?
Because it’s been right in the middle of the privacy-coin narrative over the past two months. Since it got a U.S. spot ETF in August, both institutions’ long-term capital and speculative market money have been buying it.
On top of that, its supply structure is thin, so even a little buying pressure can drive the price up sharply.
ZEC is arguably the only major coin currently in an uptrend. It’s now above the MA5, MA10, and MA20 (1185–1227), with an RSI of 51, neutral to bullish. It’s up 7.4% over the past 7 days, leading the pack. But today it pushed up to 1368 and was rejected, while the MA30 is still overhead, so it probably won’t break through.
Because it’s been right in the middle of the privacy-coin narrative over the past two months. Since it got a U.S. spot ETF in August, both institutions’ long-term capital and speculative market money have been buying it.
On top of that, its supply structure is thin, so even a little buying pressure can drive the price up sharply.
ZEC is arguably the only major coin currently in an uptrend. It’s now above the MA5, MA10, and MA20 (1185–1227), with an RSI of 51, neutral to bullish. It’s up 7.4% over the past 7 days, leading the pack. But today it pushed up to 1368 and was rejected, while the MA30 is still overhead, so it probably won’t break through.