ZEC hits a new high again, NU7 voting implemented
ZEC once surged past $1500 last night, rising over 23% in 24 hours, up 25 times in a year, with a market cap reaching $23 billion, breaking into the top ten.
The direct catalyst is the NU7 upgrade vote. About 2.4 million ZEC participated, with a 66% turnout; 99.9% support cutting block time from 75 seconds to 25 seconds, and 98.9% support retaining the Bitcoin-style halving mechanism. Governance consensus is nearly perfect, with the market voting with real money.
Grayscale ZCSH ETF has been online for two weeks, assets exceeding $500 million, holding over 550,000 ZEC, about 3% of circulating supply. Paradigm also publicly supports, positioning Zcash as a “privacy complement to Bitcoin.”
But short-term risks have also emerged: net inflow to exchanges turned positive, RSI over 70, bearish divergence near 1300, with $800 as the first support. Lao Mo’s advice is simple—don’t chase the highs. Light positions can be tried on a pullback to 1100-1150 with stop loss below 1000; those without positions should wait for a correction, don’t catch a falling knife at 1400.
BTC current price is 76,732, with strong resistance at 77,000-77,500 and short-term support at 75,800. ETH is around 2,420, moving in tandem.
Did you catch this ZEC wave? Let’s chat in the comments. If you think Lao Mo’s advice makes sense, like and follow; I’ll alert you at key points
#HKMAPlansWholesaleCBDCByYearEnd
ZEC once surged past $1500 last night, rising over 23% in 24 hours, up 25 times in a year, with a market cap reaching $23 billion, breaking into the top ten.
The direct catalyst is the NU7 upgrade vote. About 2.4 million ZEC participated, with a 66% turnout; 99.9% support cutting block time from 75 seconds to 25 seconds, and 98.9% support retaining the Bitcoin-style halving mechanism. Governance consensus is nearly perfect, with the market voting with real money.
Grayscale ZCSH ETF has been online for two weeks, assets exceeding $500 million, holding over 550,000 ZEC, about 3% of circulating supply. Paradigm also publicly supports, positioning Zcash as a “privacy complement to Bitcoin.”
But short-term risks have also emerged: net inflow to exchanges turned positive, RSI over 70, bearish divergence near 1300, with $800 as the first support. Lao Mo’s advice is simple—don’t chase the highs. Light positions can be tried on a pullback to 1100-1150 with stop loss below 1000; those without positions should wait for a correction, don’t catch a falling knife at 1400.
BTC current price is 76,732, with strong resistance at 77,000-77,500 and short-term support at 75,800. ETH is around 2,420, moving in tandem.
Did you catch this ZEC wave? Let’s chat in the comments. If you think Lao Mo’s advice makes sense, like and follow; I’ll alert you at key points
#HKMAPlansWholesaleCBDCByYearEnd
