Privacy is the only sector green into Asia's open — Zcash just ran to $1,647.
ZEC is +6.79% over 24h on $247M of Binance spot volume: the deepest book of any altcoin today, behind only Bitcoin. Dash +14.5%, Zen +5.2%. Meanwhile XRP -3.2%, ADA -2.6%, DOGE -2.5% (Binance 24h data).
The bid is institutional, not retail. Grayscale's ZCSH spot fund is past $900M in assets, 21Shares listed Europe's first physically-backed Zcash ETP on Euronext on Sept 23, and shielded transactions are at their highest weekly level since 2022. Korean media had ZEC as the No.1 gainer of week 38.
$ZEC held $1,600 through the US session — the level Tokyo and Seoul are trading against this morning. Rotation money comes from somewhere, and it's leaving $XRP and $DOGE .
Korea, Japan: rotating into privacy, or buying the XRP dip?
#Write2Earn #Altcoins #암호화폐 #仮想通貨 #加密货币
Not financial advice. DYOR.
ZEC is +6.79% over 24h on $247M of Binance spot volume: the deepest book of any altcoin today, behind only Bitcoin. Dash +14.5%, Zen +5.2%. Meanwhile XRP -3.2%, ADA -2.6%, DOGE -2.5% (Binance 24h data).
The bid is institutional, not retail. Grayscale's ZCSH spot fund is past $900M in assets, 21Shares listed Europe's first physically-backed Zcash ETP on Euronext on Sept 23, and shielded transactions are at their highest weekly level since 2022. Korean media had ZEC as the No.1 gainer of week 38.
$ZEC held $1,600 through the US session — the level Tokyo and Seoul are trading against this morning. Rotation money comes from somewhere, and it's leaving $XRP and $DOGE .
Korea, Japan: rotating into privacy, or buying the XRP dip?
#Write2Earn #Altcoins #암호화폐 #仮想通貨 #加密货币
Not financial advice. DYOR.
