Today Zcash turns ten, and $ZEC the market is buzzing too.
The current price is around 1,320, up about 6% over 24 hours. Spot trading volume is around 162 million U, with even higher futures volume. The price ranged from 1,236 to 1,330, and funding rates are almost neutral. The long/short ratio by account count leans bearish, with slightly more short accounts.
Several stories are converging: the buzz around the tenth anniversary, a co-founder’s proposal to redirect the 8% of block rewards allocated to community grants, and NU7 in early November. There’s plenty of sentiment in the market, but that doesn’t mean it’ll be a smooth ride.
Personal opinion only; not investment advice.
$ZEC #ZEC #Zcash
The current price is around 1,320, up about 6% over 24 hours. Spot trading volume is around 162 million U, with even higher futures volume. The price ranged from 1,236 to 1,330, and funding rates are almost neutral. The long/short ratio by account count leans bearish, with slightly more short accounts.
Several stories are converging: the buzz around the tenth anniversary, a co-founder’s proposal to redirect the 8% of block rewards allocated to community grants, and NU7 in early November. There’s plenty of sentiment in the market, but that doesn’t mean it’ll be a smooth ride.
Personal opinion only; not investment advice.
$ZEC #ZEC #Zcash