$ZEC lost momentum after breaking above the previous high???
After breaking to a new high, too many sell orders were triggered, and many traders took profits, causing the price to pull back. But this is normal—a pullback is an opportunity to get on board!
Many people still haven't figured out the logic behind ZEC's rise, so Ting Jie will briefly summarize it here:
1. ZEC's surge is mainly the result of several factors combining. First, Grayscale's Zcash Trust was converted into a spot ETF, directly opening up a new source of capital. This is a long-term catalyst.
2. The ETF's launch directly