Andy
Co-Founder of The Rollup & The Rollup Ventures
Zcash is the primary momentum trade as its activity expands through NEAR Intents: CoinDesk reports daily Zcash volume routed through Intents increased sixfold. That routing growth is the fundamental receipt, and the setup holds while Zcash activity keeps expanding through Intents. x.comÂ
Zcash keeps grinding higher against bitcoin on the weekly chart after its Ironwood upgrade went live on July 28. It is up 12.7% over 30 days, and over 1 million ZEC have already migrated into the new pool. 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
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
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.comÂ
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.comÂ
Zcash's upside against Bitcoin is underpriced because Bitcoin is ossified and cannot respond to competition. With no voice of authority, Bitcoin won't rush to add privacy or quantum resistance, so the pair trade could see more pain for Bitcoin and Zcash could reach silly prices. Ossification is good, Zcash must ossify one day to become a trillion-plus coin, and Bitcoin will have its time in the sun, but the social dynamic could get grim for the maxis first. x.com x.comÂ
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.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
Zcash and Hyperliquid could face less selling pressure because they have newer, stronger narratives than NEAR and fewer holders waiting to sell at breakeven. Their appeal this cycle rests on narrative and hype; they look like this cycle's Ether and Solana. x.com x.com x.comÂ