According to foreign media, Zcash token ZEC rose by about 12 per cent on Thursday. In addition to bitcoin and the Taifung drive-up of risk preferences, the market is also absorbing two new developments directly related to Zcash: Grayscale is once again pushing its Zcash Trust application for conversion to a spot ETF, while the Digital Centre Group (DCG) subsidiary is discussing a potential acquisition of up to 200,000 ZECs.
Both messages push attention.
The report mentions that this potential transaction is valued at approximately $110 million at current disclosure. As the discussions remain non-binding, the final scale may be reduced or unattainable. However, in terms of ZEC, the amount of precursors is sufficient to influence market expectations.
According to the article, the two messages correspond to two types of incremental expectations: that ETF could bring a new entry point for Zcash ' s compliance and that potential acquisitions could create new sources of buyouts. Although neither has yet produced a final outcome, the market has seen it as a trigger for short-term re-pricing.
The price went through the pre-shock zone.
It was reported that ZEC had fluctuated over the past few weeks within the zone, was repeatedly blocked above and had a buy-in down there. The latest round of price increases pushed through 520 to 550 dollars, expanding the already compressed movement upwards.
The article mentions that the credibility of the current breakthrough would be further enhanced if ZEC could continue to stand above $550. The first point of the market's attention is $600. If the solar line is above this position, it means that the purchase plate begins to take over the higher-position discharge.
- Current area of concern: ability to hold near $550
- Short-line key position: $600
- Next region: $650 to $700
The whole market is warming up.
It was also noted that the current round of ZEC escalation was not fully independent. Following the recovery of the bitcoin of $70 million, mainstream encrypted assets have generally grown stronger, market liquidity has improved in step with risk preferences, and funds have begun to return to more volatile stocks.
In this context, the ZEC has added two items to the ETF application and to the potential purchase of a disk, which is clearly growing faster than the big one. According to the article, if the price fell again below $520 to $550, the market might consider the up-turn round as a failure break, at which point $500 would become the new bottom reference.