$ZEC You might not like this, but the real value of ZEC lies below $500.
Did everyone forget what happened just a few months ago?
A critical Zcash vulnerability was found that could have allowed counterfeit ZEC. After the emergency upgrade, ZEC crashed from $624 to $309 in less than 48 hours.
Now if you look at the chart, RSI is above 85, the price is far above its daily averages and even above the upper Bollinger Band. This move is already extremely stretched. And most of the recent volume is coming from futures, not spot.
Be aware of the influencers who are saying ZEC will reach $2k or even more and is the next Bitcoin.
ZEC is ZEC. It is not Bitcoin.
#ZEC $ZEC
Did everyone forget what happened just a few months ago?
A critical Zcash vulnerability was found that could have allowed counterfeit ZEC. After the emergency upgrade, ZEC crashed from $624 to $309 in less than 48 hours.
Now if you look at the chart, RSI is above 85, the price is far above its daily averages and even above the upper Bollinger Band. This move is already extremely stretched. And most of the recent volume is coming from futures, not spot.
Be aware of the influencers who are saying ZEC will reach $2k or even more and is the next Bitcoin.
ZEC is ZEC. It is not Bitcoin.
#ZEC $ZEC
