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ZEC leads the market, the pioneer of privacy coins enters a rampage mode!
ZEC has really gone crazy this year, just breaking through $604, hitting a new high for the year.
Now its on-chain funds are the number one in the entire network, contract holdings even surpass Dogecoin, ranking sixth globally!
The surge in privacy demand and safe-haven funds, along with massive whale long positions pushing the price up desperately,
Trading activity on various platforms has already exploded!
Foreign communities are now full of FOMO comments reminiscent of Bitcoin’s early days, with many top traders making over ten million dollars in a single week,
This wealth creation effect has pushed market sentiment to its peak!
But calmly speaking, the short-term trend is somewhat overextended, and the funding situation is not stable, so it’s still recommended to mainly do swing short positions.
Set $640 as the stop-loss level, and look to take profit around $570.
Currently, ZEC’s good performance is driven by sentiment; entering at this time is most taboo to go all-in,
Playing with small positions and taking profits when the market looks good is the smart approach—don’t get caught out at this critical moment! $ZEC #Gate广场五月交易分享