ZEC leads the market, the pioneer of privacy coins enters a rampage mode!



ZEC has been going crazy this year, just breaking through $604, hitting a new high for the year. Now, its on-chain fund accumulation ranks first worldwide, and its contract holdings have even surpassed Dogecoin, ranking sixth globally!

The surge in privacy demand and safe-haven funds, along with massive whale long positions pushing the price higher, has caused trading activity on all platforms to explode!
Foreign communities are now full of FOMO comments reminiscent of Bitcoin's early days, with many top traders earning over ten million dollars in a single week. This wealth-creating effect has pushed market sentiment to its peak!

But looking at it calmly, the short-term trend is somewhat overextended, and the funding situation is not stable. It’s recommended to mainly operate in swing short positions. Set $640 as the stop-loss level and aim to take profit around $570.

Currently, ZEC’s rise is driven by emotion, and entering the market at this time should avoid all-in bets. Playing with small positions and taking profits when the market looks good is the smart approach—don’t get caught in a trap at this critical moment! $ZEC #Gate广场五月交易分享
ZEC5.41%
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TransparentDome
· 1h ago
Privacy coins are indeed strong this time, but when emotions are too heated, I prefer to wait and see. I've noted the 640 stop-loss level.
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BorrowingBuddy
· 1h ago
Is ZEC the top on-chain fund? Data doesn't lie, but is the sixth spot in contracts a stable position?
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