Can $ZEC cross its ATH of $5,951.80?
When ZEC touched $5K+ in 2016, it was just launched and very few coins were in circulation. Now more than 80% of the total supply is already in the market.
At current supply, even $2K needs around $34B market cap and $5K needs around $85B.
That’s why comparing today’s ZEC with its old ATH makes no sense.
Everyone became against me when I said that ZEC will never cross $2K.
Now it is already back around $1,300 and still dumping.
$ZEC already pumped from around $60 to over $1,600 in a very short time. The privacy narrative is strong, I agree, but the price already moved too fast because everyone is chasing the same story.
The current $ZEC pump top was $1,698. Now it needs a stronger pullback below $1,000 before starting a new pump rally.
When ZEC touched $5K+ in 2016, it was just launched and very few coins were in circulation. Now more than 80% of the total supply is already in the market.
At current supply, even $2K needs around $34B market cap and $5K needs around $85B.
That’s why comparing today’s ZEC with its old ATH makes no sense.
Everyone became against me when I said that ZEC will never cross $2K.
Now it is already back around $1,300 and still dumping.
$ZEC already pumped from around $60 to over $1,600 in a very short time. The privacy narrative is strong, I agree, but the price already moved too fast because everyone is chasing the same story.
The current $ZEC pump top was $1,698. Now it needs a stronger pullback below $1,000 before starting a new pump rally.
