Today we decided to apply a bit different approach to our analysis.
We noticed a heavy accumulation on ZEC but only on one South-Korean exchange – Bithumb.
This accumulation is seen since October 18 whereas we observed the highest volumes over last 2 weeks.Yesterday, during interview Edward Snowden mentioned ZEC as the most interesting cryptocurrency worldwide. Mainly because of its privacy.
Here are analysis details:
• The price is right now on the very bottom which means we have a great potential to earn money
• Although accumulation started in October 2018 when the price was 3 times higher than it is now it was still very low in comparison to prices at the end of 2017 and at the beginning of 2018.
• Beginning of November 2018 - significant but small price change = accumulation
• End of November 2018 - a significant price change with a relatively small = short to make the price even smaller to rebuy more for
a lower price
• End of December 2018 - again much but no change on the price = accumulation
In terms of 24h , ZEC jumped on the 3rd position giving way only ETH and BTC .
We are not sure why only Bithumb faced such a massive . Any ideas?
As he is a permanent resident in Russia now he may advise Russia’s government.
Although it is not directly linked with Snowden it might be interesting:
“Because of US sanctions, Russia’s elite is forced to dump US assets and US dollars and invest hugely into Bitcoins . The of Russia sits on $466 billion of reserves and has to diversify in case there are limited opportunities to do it (in the future) … I believe that Russia (Government) will start diversifying its reserves with Bitcoin in February this year when US Congress will introduce new sanctions against Russia, ”Vladislav Ginko, a lecturer at Moscow’s Russian Presidential Academy of National Economy and Public Administration, explains, cited by Ethereum World News.
What do you think guys of ZEC?
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