【ZEC Upgrade Day: The Actual Activation May Be Tomorrow】
Today is ZEC’s NU7 upgrade day, but activation is triggered by block height, not the calendar. The current price is 1,290, up 7.4% over 24 hours, with contract trading volume of 2.79 billion U (Binance, 09:23).
You only need to know 3 things:
1️⃣ Watch the block height: activation is set for 3,543,405. According to Cointelegraph, as of midday on the 4th Eastern Time, about 1,600 blocks remained. At roughly 75 seconds per block, activation is expected around the morning of the 6th Beijing time.
2️⃣ No increase in issuance: block times will shorten from 75 seconds to 25 seconds, while the reward per block drops to one-third, leaving daily issuance unchanged. Once v4 transactions are shut down, the roughly 22,000 ZEC left in the Sprout pool will become immovable.
3️⃣ The price has already moved: at midday on the 3rd, it was still at 1,132, up about 14% in two days.
My take: This is a technical upgrade, not a new narrative, so there’s a greater chance of a “buy the rumor, sell the news” reaction around activation. I’m not chasing it. I’ll wait and see if it pulls back to around 1,240 on the 1H chart, with volume shrinking and prices stabilizing; if it closes below 1,225, that signals selling pressure, so I won’t buy.
When the upgrade goes live, do you think it’ll pump first or dump first?
Sources: Cointelegraph, Odaily, Binance data
#Zcash #PrivacyCoins
📈 Top 3 contract gainers (09:23): $ELSA +58.16%｜$APP +33.47%｜$CAP +30.09%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinions, and does not constitute investment advice. DYOR.
Today is ZEC’s NU7 upgrade day, but activation is triggered by block height, not the calendar. The current price is 1,290, up 7.4% over 24 hours, with contract trading volume of 2.79 billion U (Binance, 09:23).
You only need to know 3 things:
1️⃣ Watch the block height: activation is set for 3,543,405. According to Cointelegraph, as of midday on the 4th Eastern Time, about 1,600 blocks remained. At roughly 75 seconds per block, activation is expected around the morning of the 6th Beijing time.
2️⃣ No increase in issuance: block times will shorten from 75 seconds to 25 seconds, while the reward per block drops to one-third, leaving daily issuance unchanged. Once v4 transactions are shut down, the roughly 22,000 ZEC left in the Sprout pool will become immovable.
3️⃣ The price has already moved: at midday on the 3rd, it was still at 1,132, up about 14% in two days.
My take: This is a technical upgrade, not a new narrative, so there’s a greater chance of a “buy the rumor, sell the news” reaction around activation. I’m not chasing it. I’ll wait and see if it pulls back to around 1,240 on the 1H chart, with volume shrinking and prices stabilizing; if it closes below 1,225, that signals selling pressure, so I won’t buy.
When the upgrade goes live, do you think it’ll pump first or dump first?
Sources: Cointelegraph, Odaily, Binance data
#Zcash #PrivacyCoins
📈 Top 3 contract gainers (09:23): $ELSA +58.16%｜$APP +33.47%｜$CAP +30.09%
#BinanceSquare
⚠️ The above is a compilation of information and personal opinions, and does not constitute investment advice. DYOR.
