Zcash (ZEC) Explodes 12% Amidst Privacy Coin Rally: Is $300 the Next Stop?
With ZEC recovering from $30 to hit $50 and the privacy sector gaining momentum, we delve into the catalysts, challenges, and the bold analyst prediction for Zcash's future.
The cryptocurrency market, a realm of perpetual motion and often unpredictable surges, has recently cast its spotlight on a specific niche that champions user anonymity: privacy coins. Leading this charge, Zcash (ZEC) has registered an impressive 12% gain, a move that has not only gladdened the hearts of its holders but also signaled a broader resurgence in coins designed to obscure transactional data. This rally, which has also seen contemporaries like Monero (XMR) post decent gains, underscores a growing interest or perhaps a renewed appreciation for financial privacy in the digital age.
Zcash, in particular, has demonstrated robust recovery. After languishing at a low of approximately $30 in February, the ZEC token has battled its way back to the significant…
Bryan, Fernando from Rio.
USDBRL at 5.6 is cheap and I am shorting Real.
The Lula admin is burning money like there is no tommorrow, inflation out of control, real interest rate 1 year 9%, nominal rate 1 year 14,6%
Flows are positive, the equity marker is cheap now, and lots of carry-trade, which so far keeps the Real from sinking. The economy is on a explosive path. Debt/GDP ~90% paying those real rates. Deficit about 9% and with fake accounting, filtrations of Billions (filtrations=political cast royalties).
The good news is that Lula will soon be gone, and Brazil equities are cheap.