Follow the money, not the talk:
“Zcash Community Grants Committee withdraws proposal to redirect approximately 98,000 ZEC to miner rewards”
After the news broke, I only asked three questions about the money:
1. Which way are buyers and sellers leaning?
2. Can trading volume at $ZEC ( $209 million over 24 hours) increase significantly?
3. Are large holders making unusual transfers out of exchanges?
Only if all three point in the same direction does this news really carry weight; otherwise, it’s mostly just emotional turbulence.
A single news item can’t determine the overall trend, but it may affect short-term sentiment.
“Zcash Community Grants Committee withdraws proposal to redirect approximately 98,000 ZEC to miner rewards”
After the news broke, I only asked three questions about the money:
1. Which way are buyers and sellers leaning?
2. Can trading volume at $ZEC ( $209 million over 24 hours) increase significantly?
3. Are large holders making unusual transfers out of exchanges?
Only if all three point in the same direction does this news really carry weight; otherwise, it’s mostly just emotional turbulence.
A single news item can’t determine the overall trend, but it may affect short-term sentiment.
