Zcash capitulation long. As obvious as a trade can get.

Zcash had its first halving in November 20. Its feature for shielded transaction (and also transparent) does currently not get nearly as much credit as it deserves. As the crypto market is nascent and still very inefficient, people will soon realize the sheer power of this which will eventually be priced in. It's backed by large entities such as an Amazon foundation, billionaires wanting to hide wealth etc. Especially with inflation ramping up due to excessive global money printing, wealthier individuals are starting to look for alternative investments.

I didn't catch the exact bottom but I added to my holdings and have an average entry price of around $60. I will hold this for as long as it needs as I have incredible conviction in this project.

Any buy in this area will be in deep profit within 6 months.

Commentaire:

Unexpected exchange ban. Expecting large exchanges to follow suit and a large dump soon due to US regulations. I'm out at a 10% loss. Will reevaluate soon.