While checking the top gainers, I noticed $ZEC really stood out today, up nearly 7%, with $170 million in trading volume. It’s one of the liveliest among the major coins.
Over the past 24 hours, it climbed steadily from 1,120 to 1,245, and now it’s hovering around 1,210. With over 400,000 trades, this level of activity really doesn’t feel like a small-cap coin.
But I’m feeling pretty conflicted. When it surged to 1,698 at the end of September, I didn’t dare touch it. When it crashed to 1,049 on October 18, I still didn’t buy. Now it’s back around 1,210—still nearly 29% below the peak. I wouldn’t call it cheap, but it has bounced 15% from that low. Just sitting here watching it is making me more and more uneasy.
I really can’t tell whether this is a rebound or the start of another leg up. Anyway, knowing how slow I am to act, if I jump in now, I’ll probably end up holding the bag near the top again. Anyone here already on board? #ZEC
Over the past 24 hours, it climbed steadily from 1,120 to 1,245, and now it’s hovering around 1,210. With over 400,000 trades, this level of activity really doesn’t feel like a small-cap coin.
But I’m feeling pretty conflicted. When it surged to 1,698 at the end of September, I didn’t dare touch it. When it crashed to 1,049 on October 18, I still didn’t buy. Now it’s back around 1,210—still nearly 29% below the peak. I wouldn’t call it cheap, but it has bounced 15% from that low. Just sitting here watching it is making me more and more uneasy.
I really can’t tell whether this is a rebound or the start of another leg up. Anyway, knowing how slow I am to act, if I jump in now, I’ll probably end up holding the bag near the top again. Anyone here already on board? #ZEC
