yes... no sh*t sherlock, its very obvious that these prices arent sustainable.
Zcash current available supply is 767 ZEC! The supply will reach 100k during the slow mining phase before the full block reward will lead to a 7200zec supply increase per day.
At 20$ this would add 144.000$ value per day, so patience is the key, the 5-20$ range or below is where I start thinking about entering long zec.
I expect 2-4 years of constant down pressure with rally (pump and dumps) in between.
Emmision curve: i.imgur.com/WOMAzI5.png
Overall ZEC looks like an interesting project BUT I am more curious about Mimblewimble which could turn out to be the zcash killer.
Zcash current available supply is 767 ZEC! The supply will reach 100k during the slow mining phase before the full block reward will lead to a 7200zec supply increase per day.
At 20$ this would add 144.000$ value per day, so patience is the key, the 5-20$ range or below is where I start thinking about entering long zec.
I expect 2-4 years of constant down pressure with rally (pump and dumps) in between.
Emmision curve: i.imgur.com/WOMAzI5.png
Overall ZEC looks like an interesting project BUT I am more curious about Mimblewimble which could turn out to be the zcash killer.
Note
trend is still down but there is a inv h+s and a bull div on this local low, bounce could happen here, watching closelyNote
approaching Note
if it doesnt resume the downtrend now, here is where it should bounce again Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.