Zcash is a higher-risk store of value because bugs in its proof system have made undetectable counterfeiting possible. Those bugs have been exploited twice, and nobody can verify whether counterfeit ZEC was created. Litecoin's MWEB privacy layer had a validation bug exploited to mint 85,000 counterfeit LTC, showing privacy-focused monetary systems can introduce real security and supply risks. Their privacy can still make them useful for moving funds quickly and privately. x.com 

Zcash's rally lacks visible demand. Its privacy-focused ethos is respectable, but buyers are hard to identify, and the move looks driven by a low float, as @StockBaron_ suggests. x.com  x.com  x.com 

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.com 

Zcash is hot because shills realized a year ago it has the perfect setup for them to size in, control the narrative and pump it. That setup combines a sweet-spot market cap, centralized-exchange integrations, a long dormant history and a simple 'bitcoin but private' thesis. x.com 

Low liquidity could cause sharp downside wicks in altcoins over the coming days. Uniswap at $3-6 and Zcash near $800 are levels of interest for bids. Trader_XO sees Zcash near $800, a call that holds here too; the level is expected before year-end. x.com  x.com  x.com 

Real money is showing up for privacy, one of the biggest narratives this year, which is good news for Zcash. Per @MSBIntel, Grayscale's Zcash ETF has raised over $1 billion in 30 trading days, ranking among the best ETF launches of the last ten years. x.com 

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.com 

Zcash's store-of-value case falls apart if an AI model like Opus 4.8 can one-shot a critical bug in it, which makes parking wealth there as an inflation hedge hard to trust. The tradeoff Zcash makes leaves it uninvestable for almost every institution. x.com  x.com 

Bitcoin's growing adoption could itself be the catalyst for privacy coins such as Zcash and Monero. The more bitcoin is integrated into exchanges, ETFs, banks and payment rails, the easier it becomes to map identities to addresses. Bitcoin's scarcity case strengthens while its privacy gap becomes more obvious, which makes for an interesting setup for Zcash and Monero. x.com 

Zcash is done after a bug let anyone freely mint ZEC, and its privacy narrative is not showing up in actual demand. Outside niche uses, Zcash processes fewer than 10,000 transactions a day, about a third of Monero's and well below chains like Berachain and Monad that many consider dead. A 21 million supply cap is not unique, and privacy belongs inside protocols like Ethereum and big wallets rather than in standalone privacy tokens. x.com