Zcash closed the week +4.8% while Bitcoin lost $80,000.
$ZEC trades at $1,207 on $134M of Binance 24h volume and 381k trades - more turnover than $XRP or $NEAR . On the week: ZEC +4.8%, DASH +2.0%, against BTC -2.4%, ETH -3.6%, NEAR -7.9%. Privacy was the only green sector.
The catalyst: Winklevoss filed an S-1 on Oct 6 for a Nasdaq-listed Zcash ETF, on top of Grayscale's ZCSH on NYSE Arca.
The Asia angle: CoinPost confirmed Oct 1 that no Japanese exchange lists ZEC. Upbit pulled privacy coins in 2019, Bithumb in 2020. Tokyo and Seoul cannot buy this at home.
ZEC still sits 28% under its Sept 27 high of $1,680. The floor traders watch is $1,180-1,200; reclaiming $1,250-1,280 is what bulls need.
Korea and Japan: rotating into privacy, or holding your domestic alts?
#Write2Earn #Altcoins #暗号資産 #암호화폐 #加密货币
Not financial advice. DYOR.
$ZEC trades at $1,207 on $134M of Binance 24h volume and 381k trades - more turnover than $XRP or $NEAR . On the week: ZEC +4.8%, DASH +2.0%, against BTC -2.4%, ETH -3.6%, NEAR -7.9%. Privacy was the only green sector.
The catalyst: Winklevoss filed an S-1 on Oct 6 for a Nasdaq-listed Zcash ETF, on top of Grayscale's ZCSH on NYSE Arca.
The Asia angle: CoinPost confirmed Oct 1 that no Japanese exchange lists ZEC. Upbit pulled privacy coins in 2019, Bithumb in 2020. Tokyo and Seoul cannot buy this at home.
ZEC still sits 28% under its Sept 27 high of $1,680. The floor traders watch is $1,180-1,200; reclaiming $1,250-1,280 is what bulls need.
Korea and Japan: rotating into privacy, or holding your domestic alts?
#Write2Earn #Altcoins #暗号資産 #암호화폐 #加密货币
Not financial advice. DYOR.
