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Altcoin & Memecoin Commentary
Midnight's NIGHT token could catch the privacy rotation as Zcash draws attention to the category, while private apps give it a reason to stay relevant. Zcash focuses on private payments; Midnight lets developers build privacy into apps like lending and identity checks, which @IOHK_Charles says could make it bigger than Zcash, and contracts now deploy freely on mainnet. Holding NIGHT generates DUST to pay fees, so apps may buy it for users, provided people actually use them. x.comÂ
Zama's programmable privacy can serve all of onchain finance without competing with other chains or applications, giving it an absolutely massive revenue opportunity. Unlike an L1, it enables privacy across the stack; this trend is only going to blow up over the next two years. 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
Midnight's validators are running code whose hash does not match what NIGHT governance voted on, which contradicts the network's own governance process. Governance approved version 1.0.300, yet validators run unknown code with a different hash. @SteveCapric counters that the source is open and anyone can verify the hash. x.comÂ
Zcash's store-of-value narrative is more valued than revenue-linked privacy applications for now. Revenue-generating tokens could outperform once trust is established, but privacy store-of-value tokens remain the preferred narrative today. x.com x.comÂ
The need for private transactions and untracked wallets could make privacy tokens one of crypto's biggest narratives over the next few years. Monero and Zcash are named alongside the not-yet-launched AF. x.comÂ
Zcash's privacy is its lasting edge because bank accounts may never become private, while quantum resistance should become a requirement for all survivors. Its public transactions make institutional integration easier than Monero's, giving it a larger potential market. Monero has value and is probably oversold, though FCMP++ has no clear timeline. Institutions' comfort with Zcash could fade if governments clamp down. x.com x.com x.com x.com x.com 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
Zcash's cooling social attention points to a multi-week bottoming process nearing its end. The Rollup counts 4,100 weekly ZEC mentions from accounts with over 1,000 followers, down 42% in a week and 68% from the peak of 12,800. 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
Zcash could reach $3K before ether does, because the importance of privacy has not fully emerged yet. That agrees with @TobyMarkz, who notes Zcash was called dead a few years ago but privacy is now a main narrative. x.comÂ
