Golden Pig's take: Grayscale just spent money to get $ZEC a full-page ad in The Wall Street Journal, but the price fell 10% that day—a bullish catalyst met with a sell-off. I'm leaning bullish, but I'll only buy the pullback.
What happened: On 11/10, Grayscale ran a full-page Zcash ad in the WSJ and announced $1 million in funding for the Zcash ecosystem, with the first grants already distributed. It also said it would reinvest 100% of ZCSH's sponsor fees into the Zcash network.
Market action: Binance spot ZEC is down about 10% over 24 hours, now around 1,055, after hitting a low of 994.22 and briefly falling below 1,000. The sharp drop came mostly after U.S. CPI was released last night, looking more like broad-market deleveraging than a project-specific problem.
My plan: Try a small long position near 1,000 and exit if it breaks below 994; add if it gets back above 1,150. Perpetual futures funding rates are near zero, so neither bulls nor bears are heavily positioned.
An ad can't save a big red candle, but real institutional money flowing into the ecosystem is a reason I'm willing to buy the dip.
How are you managing your position in $ZEC right now?
#ZEC #灰度 #PrivacyCoins
Source: Grayscale / Zcash Invest official X accounts, Binance spot market data. DYOR; this is not investment advice.
What happened: On 11/10, Grayscale ran a full-page Zcash ad in the WSJ and announced $1 million in funding for the Zcash ecosystem, with the first grants already distributed. It also said it would reinvest 100% of ZCSH's sponsor fees into the Zcash network.
Market action: Binance spot ZEC is down about 10% over 24 hours, now around 1,055, after hitting a low of 994.22 and briefly falling below 1,000. The sharp drop came mostly after U.S. CPI was released last night, looking more like broad-market deleveraging than a project-specific problem.
My plan: Try a small long position near 1,000 and exit if it breaks below 994; add if it gets back above 1,150. Perpetual futures funding rates are near zero, so neither bulls nor bears are heavily positioned.
An ad can't save a big red candle, but real institutional money flowing into the ecosystem is a reason I'm willing to buy the dip.
How are you managing your position in $ZEC right now?
#ZEC #灰度 #PrivacyCoins
Source: Grayscale / Zcash Invest official X accounts, Binance spot market data. DYOR; this is not investment advice.
