Zcash made a new ATH in market cap already and has left the awareness phase after a two year accumulation phase right before the halving.
Each year in october/november there is a major upgrade for zcash (vertical lines), the red lines show the price of zec at these dates. It has now broken all of these levels.
If we use market cap instead of price to draw fib extensions, we get the
- 1.618 target at 4.4b (~400$)
- 4.236 target at 11b (~1000$)
- 17.944 target at 47b (~4000$)
These are the levels i am watching and a potential channel forming where price is currently somewhere at the midline
This is an update to the linked idea where we were accumulating zcash during the bear market to be well positioned in this phase and participate in the bull now.
Fundamentally I recommend to look into the Halo Upgrade electriccoin.co/blog...ase-later-this-year/ and Unified addresses electriccoin.co/blog...-in-zcash-explained/
The next upgrade should bring
- Shieled by default
- No more trusted setup
- Unified address, one address instead of two
- Scaling on chain
Each year in october/november there is a major upgrade for zcash (vertical lines), the red lines show the price of zec at these dates. It has now broken all of these levels.
If we use market cap instead of price to draw fib extensions, we get the
- 1.618 target at 4.4b (~400$)
- 4.236 target at 11b (~1000$)
- 17.944 target at 47b (~4000$)
These are the levels i am watching and a potential channel forming where price is currently somewhere at the midline
This is an update to the linked idea where we were accumulating zcash during the bear market to be well positioned in this phase and participate in the bull now.
Fundamentally I recommend to look into the Halo Upgrade electriccoin.co/blog...ase-later-this-year/ and Unified addresses electriccoin.co/blog...-in-zcash-explained/
The next upgrade should bring
- Shieled by default
- No more trusted setup
- Unified address, one address instead of two
- Scaling on chain
Comment:
hit channel low, should hold above 85$ to remain bullish
Comment:
zec considering a trasition to proof of stake which would basically end the inflation pressure for zec holders by receiving the new generated coins as reward for staking zec.
Comment:
news hit the street that zec goes pos. its a wild ride. channel remains intact.
also in talk are ZSAs zcash shielded assets on top of a zec pos chain.
also in talk are ZSAs zcash shielded assets on top of a zec pos chain.
Comment:
if this was the cycle peak, zec would have performed really bad.
Makes me think the cycle is not over but it is kinda scary, if not going to pump it will turn out as a bad pick. Need to bounce over 250 and sentiment can turn bullish.
Makes me think the cycle is not over but it is kinda scary, if not going to pump it will turn out as a bad pick. Need to bounce over 250 and sentiment can turn bullish.
Comment:
price ranging sideways since over 1.5years...
but today there will be the major NU5 release
but today there will be the major NU5 release
