Bitcoin and Ether both lost ground this week, and $ZEC climbed 12.26% anyway, so this move isn't borrowed from the tide. ⏱️
There's a dated reason. Zcash's NU7 upgrade is set for block 3,543,405, expected around November 5, cutting block time from 75 seconds to 25 with daily issuance unchanged.
There's also a live fight. A draft posted Oct 30 by Zooko Wilcox would end the 8% block-subsidy stream to Zcash Community Grants and park it in a locked fund. No activation date yet. 🗳️
The strong read: up 2.81% on the day while Bitcoin managed 0.16%, sitting at 1,278 near the top of its 1,208-1,298 range, on 105M of volume, more than any coin listed bar Bitcoin, Ether and Solana. Money leaning into a hard date.
The weak read: a 12% week into a known upgrade can flip into sell-the-news, the 1,298 high hasn't given way, and a dev-fund fight is noise that cools a bid with the market in Fear at 30.
Funding at +0.007% sits a touch under Bitcoin's +0.010%, so volume rather than leverage is doing the lifting, which backs the strong read. 📊
If $ZEC slips under 1,208, the day's low, the week's lead starts to look borrowed, and that's the level I'm watching.
Today the data says Zcash is trading on its own story, with volume behind it and leverage quiet.
#ZEC #Zcash #NU7 #FundingRates
There's a dated reason. Zcash's NU7 upgrade is set for block 3,543,405, expected around November 5, cutting block time from 75 seconds to 25 with daily issuance unchanged.
There's also a live fight. A draft posted Oct 30 by Zooko Wilcox would end the 8% block-subsidy stream to Zcash Community Grants and park it in a locked fund. No activation date yet. 🗳️
The strong read: up 2.81% on the day while Bitcoin managed 0.16%, sitting at 1,278 near the top of its 1,208-1,298 range, on 105M of volume, more than any coin listed bar Bitcoin, Ether and Solana. Money leaning into a hard date.
The weak read: a 12% week into a known upgrade can flip into sell-the-news, the 1,298 high hasn't given way, and a dev-fund fight is noise that cools a bid with the market in Fear at 30.
Funding at +0.007% sits a touch under Bitcoin's +0.010%, so volume rather than leverage is doing the lifting, which backs the strong read. 📊
If $ZEC slips under 1,208, the day's low, the week's lead starts to look borrowed, and that's the level I'm watching.
Today the data says Zcash is trading on its own story, with volume behind it and leverage quiet.
#ZEC #Zcash #NU7 #FundingRates