89.3K @cryptoamanclub 🔊 Winklevoss twins have heavily backed and supported $ZEC once again after the recent bug scare.
Big players believe that the future of privacy coins is still strong.
Will there be a big bounce back in $ZEC after this support from the Winklevoss twins? https://t.co/RSXsRwzman
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2.9M @Cointelegraph 🚨 NEW: Winklevoss twins back Zcash after bug scare. https://t.co/ROxQludiIx
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16.5K @joao_wedson One month ago, I mentioned that ZEC was in the complacency phase.
And it definitely was. ♟️
Capitulation is now underway.
16.5K @joao_wedson Could ZCash (ZEC) be entering a complacency phase during a false rally right now?
ZEC has gained fresh momentum, but it lacks on-chain structure and sentiment support.
We talked about ZEC before it reached $100, and now the sentiment is no longer the same.
1. Long-term investors are no longer moving their coins, as they already did so earlier.
2. The number of social media posts has dropped significantly, meaning it is no longer attracting much retail attention.
3. Alpha Price, a powerful metric for estimating potential price tops, currently shows a huge gap, around $1,500. This suggests it is unlikely for ZEC to reach that level, especially when looking at historical behavior.
Even though ZEC is rising in the short term, extra caution is needed now due to market sensitivity. This could also be a signal for sellers who have not yet sold the remaining coins they still hold.
@Alphractal
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