$ZEC/BTC looking very strong right now.
Broke out → liquidated the shorts and nearly tagged 0.01 BTC.
Broke down → liquidated the longs and swept 0.004 BTC.
Weekly candle closed exactly on support.
The real winner? The spot holder who didn’t get shaken out. 💎🙌
Foundry is the largest Bitcoin miner in the world, and in April they started mining Zcash.
They now own 30%~ of the ZEC hashrate.
Ignore the FUD, ignore the noise and remember "Watch what they do, not what they say".
@FoundryServices
ironwood is one of the most bullish things in the history of zcash, zk, and privacy in general
BUT, everyone is sleeping on the bigger news
the pool will be formally verified BEFORE Ironwood rolls out
so the risk profile will reduce multiples before the upgrade is even live
LATEST: ⚡ Zcash rebounded 42% after an emergency upgrade patched its Orchard vulnerability, while developers weighed a new shielded pool called Ironwood.
$ZEC took an exploit, flash crashed to $250, and is already bouncing back hard after devs dropped the Ironwood proposal to move holders to a new verified pool.
Once again, massive drama turned into a massive opportunity.
That kind of resilience tells you everything you need to know about how badly the market wants privacy. Maybe it really is the last 1000x left out there.
Arcium TGE this month 👀
@threewishfail Everyone falls in a few groups:
>Holders of competing privacy protocol
>KOLs with zero exposure to crypto
>Security researchers
>Traders
Do not let incentives influence your thinking.
This take sums up my thoughts.
timeline feels so weird rn, half the people are in despair because theyre long btc eth and sol and the other half euphoric because theyre long hype and zec