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Web3 Founder of Exponential/Lofi, Trader & Writer
ZEC gains a continuous create-redeem mechanism for the first time as Grayscale's Zcash trust converts to a spot ETF on NYSE. ZEC is back in the zone that capped previous cycles: $22 to $900 in 2017, $18 to $372 in 2021, and $16 to $850 now. Holding $900 keeps the stance long and aggressive; losing it brings $590-600 into view. Whether the broader market retraces in September is the bigger question, but the long-term position is comfortable either way. x.comÂ
Zcash fits a future that will need private hard money as digital and physical surveillance spreads, while keeping the liquidity that mandatory-privacy coins lost. About 73% of ZEC is transparent, 27% shielded and 20% of supply sits in Ironwood. The transparent base supports liquidity, price discovery, exchange access and enterprise rails. Access, adoption and everyday utility of Zcash are still very early, similar to Bitcoin in 2016. x.comÂ
Zcash is being bought heavily by institutions, and $5,000-10,000 per ZEC could come fast at this pace. It just broke above $1,400, about 70 times its 2024 low near $20, after a selloff to $250 roughly six months ago. x.com x.comÂ
Zcash will rip now that the Winklevoss twins have filed for a spot Zcash ETF under the ticker WINK; the same twins filed the first bitcoin ETF in 2013, when bitcoin was around $100. Zcash is holding near $1,300 while everything else bleeds. x.comÂ
Zcash is showing weakness, and its super-illiquid spot book means profit-taking by spot holders can drive a sharply convex move to the downside. Broader risk appetite also appears to be weakening. x.comÂ
Zcash's leverage reset to open-interest range lows near 1.1 million ZEC could support a quick move to new highs if momentum returns. Holding its 50-day moving average is a positive first signal, but a sustained reclaim of the blue trendline near $1,330 is the second signal needed for that strong setup. x.comÂ
Zcash is showing privacy coins are far from dead, posting one of the strongest runs in crypto while an ETF buys up a meaningful chunk of the supply. x.comÂ
Zcash's price is running ahead of its usage, so this rally is not one to buy yet. ZEC is becoming the privacy coin Wall Street can buy, as Grayscale works to turn its trust holding 2.3% of supply into an NYSE-listed ETF, and Flexa and CrossPay add spending options. But after a 68% weekly jump to about $14B, nearly twice Monero, the ETF is not live, the 200K ZEC contribution has not happened and fees were about $2K in a day. A live ETF, real inflows and a held pullback would change the view. … Show more
Holders are rotating from bitcoin into Zcash, and the shift is still early. Per @jeremiahrogers, bitcoin holders who swapped into ZEC through NEAR intents now hold 468,606 ZEC, 2.92% of the network, worth $736M, versus $200.4M had they stayed in bitcoin. x.comÂ
Zcash has its own buyers, so it keeps pushing its own bull run regardless of the CLARITY Act or the Fed. People who want privacy don't wait for Powell, more surveillance on exchanges pushes them toward privacy, and privacy wins long term. A run toward $1,500 would be a point to take a little profit. x.com x.com x.com x.comÂ
Zcash is entering a profit-taking zone after moving above key levels into a stretched area. Per Alphractal, NUPL is at 0.53, showing holders sit on strong unrealized profits, while whales holding 100K-1M ZEC are starting to sell. Those who bought much lower should consider taking some profits here. x.comÂ
ZEC remains worth backing through uncertain AI and quantum threats because its development team has shown the ability to ship quickly enough to adapt as threats emerge; forecasting which cryptographic technology will hold up over medium to long horizons is difficult. x.comÂ
