2025-12-29 17:22:30

Looking at the current funding rate, negative values have persisted for a week straight, and the bears are essentially working as "coolies" for the bulls. The absurdity of this market has exceeded expectations.

This time, ZEC has demonstrated what it means to have a "mischievous nature" through actual action. From a 20 USD drop last September, it has risen all the way up to over 600 USD, more than 30 times in less than two months. Such a surge would have to stand aside even in mainstream coins.

As a veteran in the privacy coin sector, ZEC's explosive rise didn't happen out of nowhere. The third halving reduced supply, the global regulatory environment triggered a collective surge in privacy demand, and institutional funds began to deploy. These three forces combined to push the market to new heights.

However, ZEC's history teaches us a lesson—the pattern of sharp rises and falls is cyclical. Will this cycle be broken this time? No one dares to guarantee it.

**01 Triple Driving Forces: Why Now?**

The market only started to stir around the end of August last year, with prices hovering between 20-30 USD. In September, ZEC began its first rally, breaking 70 USD by the end of the month.

The real turning point was in October. A well-known angel investor in Silicon Valley made a statement—"Bitcoin is the insurance for fiat currency, Zcash is the insurance for Bitcoin"—which exploded on social media, igniting ZEC's popularity.

Soon after, a major exchange founder made an even bolder prediction, directly forecasting ZEC could rise to 10,000 USD in the long term. This further boosted market sentiment.

Over 70% of the gains occurred after October. Signs of institutional entry became increasingly evident, and this signal is highly attractive to retail investors.

ZEC-0,08%

BTC-2,44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
7
Repost
Share

Comment

0/400

GasFeeCrier

· 4h ago

Negative fee rate for a week, are the bears really doing charity work? ZEC, this crazy stock, 30x? I think it would be good if it can hold half of that. It's another institutional layout and halving, but isn't it just the old script of retail investors taking the hit? Ten thousand dollars? Haha, let me see if it can withstand the next wave of sharp decline first. Is the demand for privacy coins really that high, or is it just another hype? It’s always like this—rising to the sky and falling to the ground. ZEC really has this temper. The fee rate inversion has lasted so long, it feels like there are big orders bottom fishing below. The signal of institutional entry is so obvious; retail investors should be cautious when rushing in. Honestly, ZEC’s history is just teaching people how to get cut. There’s no reason for it to be different this time.

View OriginalReply0

P2ENotWorking

· 9h ago

How can a 30x turnaround be so unscrupulous? ZEC is really a mudslide in the crypto world. The bears are paying high fees to give the bulls a wedding dress; this move can really raise blood pressure. I'm just worried that ZEC will be a flash in the pan again this time. The history is so clear, yet people still rush in—it's a bit of a IQ issue. Halving plus privacy demands plus institutions—this combo punch is indeed powerful, but the question is, has the price been fully digested? Ten thousand dollars? I think we should wait until the next crash to see if it survives first. From 20 to 600, the absurdity truly rewrites cognition; no one dares to guarantee it won't be cut in half. Is that angel investor's statement true, or is it just another prelude to a wave of profit-taking? It feels like repeating history again; this coin will never escape the death cycle of skyrocketing, crashing, and collapsing.

View OriginalReply0

JustAnotherWallet

· 9h ago

Negative fee rate for a week, are the shorts really doing charity? This logic is completely absurd. ZEC is just a gambling dog in nature, from $20 to $600 in two months—no one would believe it if you said it out loud. Halving, privacy needs, institutional funds—sounds great, but how many times has ZEC's dramatic rise and fall been played out in history? Can it break the cycle this time? Laughable. That angel investor's comment indeed stirred up the market, but I don't believe a word of the long-term prediction of $10,000.

View OriginalReply0

AirdropFatigue

· 9h ago

Negative fee rate for a week is truly outrageous, short sellers must be feeling really uncomfortable haha This demon coin ZEC really, a 30x increase would drive anyone crazy Institutional deployment + halving + privacy hotness, a three-pronged approach is indeed top-notch, just worried it might follow the old pattern of sharp rise and fall again The $10,000 comment is just for listening, don't really believe it Whether this cycle can break out of the loop depends on whether the subsequent holding can be sustained

View OriginalReply0

ContractHunter

· 9h ago

30x? Oh my goodness, how many people must have been crushed out? ZEC's wild stock attributes are really ingrained in its DNA. Who knows, it might be headed for a 50% cut again someday. As soon as institutions make a move, retail investors follow suit. Feels like déjà vu all over again. Negative fees have been a week, and it's still rising? That's pretty outrageous. Be careful of catching the bag, everyone. Halving + privacy demand + big players backing it up—three-pronged approach can really work, but ZEC's history is a warning bell.

View OriginalReply0

FloorPriceWatcher

· 9h ago

Fee rate inversion has lasted for a week. The bears are basically giving us free money, it's hilarious. ZEC's recent performance is indeed outrageous, a 30x increase that no one would believe if you told them. In the privacy sector, ZEC is the most capable of stirring things up. History keeps repeating itself with sharp rises and falls. How long it can persist this time is really hard to say. That prediction of $10,000 I just took as a joke. Retail investors tend to be most at risk when they follow the trend. I believe in the supply contraction due to halving, but whether institutions will continue to deploy depends on how things develop later. You can't just hype it up with a single statement for half a year. With the fee rate being negative for so long, be cautious of becoming the bag holder.

View OriginalReply0

BTCRetirementFund

· 9h ago

Fee rate has been negative for a week, shorts are really working hard, this pace is truly outrageous. ZEC, this crappy coin, went from 20 to over 600, a 30x increase in two months, isn't that outrageous? But to be fair, halving, privacy demand, and institutional entry—three prongs—do have some substance. I'm just worried it might be another cycle of sharp rises and falls; ZEC's temperament is right there. That one sentence from the angel investor directly ignited the market, it's really quite impressive.

View OriginalReply0