Sentiment can move price, and once price moves, it can start changing sentiment.
$ZEC is a pretty clean example of how the market can change the meaning of the same information.
When the Orchard vulnerability was disclosed, ZEC dumped roughly 31% in 24 hours, falling to around $270 as traders priced in on the possibility of undetectable counterfeit coins.
The bug was real, but there was no evidence it had actually been exploited, and because of the privacy design, that can’t be proven either way.
Months later, the same uncertainty exists, yet the market is willing to value ZEC dramatically higher and now trading ZEC at $1,400+
Once price starts moving, people often reinterpret the exact same facts through a completely different lens.
$ZEC is a pretty clean example of how the market can change the meaning of the same information.
When the Orchard vulnerability was disclosed, ZEC dumped roughly 31% in 24 hours, falling to around $270 as traders priced in on the possibility of undetectable counterfeit coins.
The bug was real, but there was no evidence it had actually been exploited, and because of the privacy design, that can’t be proven either way.
Months later, the same uncertainty exists, yet the market is willing to value ZEC dramatically higher and now trading ZEC at $1,400+
Once price starts moving, people often reinterpret the exact same facts through a completely different lens.
