The last time $ETH was in the $1500’s CT was calling it “dead” and then it literally rallied and went on to make new all time highs.
$ETH is once again in the 1500’s and CT is once again calling it dead 🤔
The $ZEC dump is a perfect example of market illiteracy.
$ZEC is crashing today mainly because the Zcash team publicly disclosed a critical vulnerability in the Orchard shielded pool that could have theoretically allowed an attacker to create unlimited counterfeit $ZEC. Although the bug was fixed immediately, due to Orchard’s privacy features, it’s impossible to prove whether it was used before being fixed.
There is an extremely low likelihood exploit was executed, and panic sellers are overreacting to this uncertainty.
Long term thesis hasn't changed. In an AI driven world where every transaction is tracked, financial privacy will become the scarcest assets and $ZEC is still one of the strongest privacy plays in crypto. Catching this falling knife is going to look like a genius move.
@martypartymusic u know that $SUI losses for the past 3 years accumulated to nearly 1 billion dollars and they generated only $2000 in fees due to being a ghost chain rite?