I think I can speak for all of us here when I say that the Zcash pump that is currently happening, a sequel to last year, is nothing short of absurd. Today, the price rose 20%. Zcash is also up 140% on the month, and 2500% for the year. But how somebody can look at the price chart and not see blatant manipulation is beyond me. For example, Zcash had only 3700 transactions yesterday, many of which were block rewards or unshielded. Nobody uses this project. But with their VC backing and Silicon Valley connections, they are apparently not going away any time soon.
The good news, though, is that this is actually having an extremely beneficial impact on Monero's performance. The positive attention towards privacy will likely benefit Monero more than any other project. Our chart looks healthy and organic. The only thing annoying me is our mining hash rate is not at an all time high, which is puzzling, and our transaction totals seem to have hit a wall at 30,000. I do expect a doubling in price to help those things out though. What do you think?
Zcash breaks $1200 as things get even sillier
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@xenu i reading your post literally laugh lol
guess what? after opening https://coinmarketcap.com/ it even worse xD
the coin is booming lol
i sure ppl dumping something on it since they still accepted by CEX xD
what a day to live xD
hopefully crypto doesn't to that overnight, i had life based on them
can't handle changing every price just because the price hike lol
i sure after this they drop down.... crypto with less user having sky high price was wild nowdays xD
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Literally every person who buys Monero is at least a bit more advanced than the average people who buy ZCash or Bitcoin because it's not as easy to buy.
It would be interesting to see what percentage of Monero is held in self-custody compared to Bitcoin or ZCash but I assume it's not possible unless the all the CEXs said what they have.
@xenu
I suppose the zcash market is a vehicle to funnel money to insiders / research: like Trumpcoin.
In this way it is different to a normal memecoin which are more about launderers laundering their own (client's) money. Zcash market cap ($20B) is higher than the biggest memecoins which topped out around $15B (excluding Doge which is different and Shibu Inu which was an extreme outlier)
Maybe those same insiders getting paid through zcash are cashing out through monero? Wouldn't be surprising; all the other criminals do it and it would help to explain the pump.
Also how can anyone look at the monero chart and think healthy and organic growth? I see wild volatility since April 2025. These are not sustainable prices.
btw anyone shorting zcash be careful because it has shown recent history of prolonged negative funding rates. You might win the bet but still lose more money on fees.
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Buying bitcoin with fiat is infinetly harder than buying monero with bitcoin.
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