I've been paying close attention to the market performance of ZEC recently, and after careful research, I understand why it has garnered attention.
Zcash's core competitiveness is clear — it is a similar product to Bitcoin, but transaction privacy is integrated into the protocol. This is not a minor feature. In the crypto world, privacy is crucial for many users.
So the question is: choose ZEC or BTC? Both have their own value. Interestingly, ZEC once surged to a historical high of $3,191.93. Looking back from that height, the market's valuation of privacy features was quite optimistic. Now, the question is whether this privacy capability can maintain an advantage in long-term competition.
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.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
ApeWithNoFear
· 10h ago
Privacy coins, to put it simply, depend on whether the market is willing to buy in. The surge of over 3k in ZEC's market has long gone out of fashion. Can it still support its valuation with privacy features... oh well.
BTC is BTC, no matter how fancy ZEC gets, it can't turn the tide. Unless big funds start paying attention to privacy needs.
Falling from all-time highs to now, what does that say? It suggests that privacy might not be as valuable as imagined.
A batch of algorithm stablecoins has already died; will privacy coins also... but at least ZEC is still alive. Is that considered profit?
The problem with ZEC is its awkward positioning—less versatile than BTC and not as flexible as some L2 solutions. Being stuck in the middle is a bit awkward.
Protocol-level privacy is indeed powerful, but its use cases are limited. Those who truly need it have long moved on to Monero.
Anyway, I won't touch it anymore. Watching it burn my hands.
View OriginalReply0
MondayYoloFridayCry
· 10h ago
Privacy coins are now in an awkward position. The over $3000 price back then was really a bubble...
Honestly, ZEC's privacy mechanism is technically impressive, but it has been somewhat tangled up due to regulatory pressures. Those who truly need privacy have probably already moved to Monero.
---
BTC is just BTC. ZEC trying to turn things around with privacy? First, build up the ecosystem.
---
Interestingly, they have always been balancing between privacy and usability, which are fundamentally contradictory.
---
Back when it was $3100, who would have thought it would be like this now... The risk of investing in privacy coins is really high.
---
Privacy sounds sexy, but in reality, ordinary people don't really need it. That's ZEC's Achilles' heel.
View OriginalReply0
NFTPessimist
· 10h ago
3191 coins? I was overwhelmed by the ones I bought that day haha, privacy coins are really awkward now
---
When will ZEC's privacy features truly be implemented? We've been shouting the slogan for so many years
---
To be honest, privacy isn't that much of a necessity; most people just want it cheap
---
BTC doesn't need privacy coins to fill in; ZEC was doomed from the start
---
Are privacy attributes valuable... now it seems like a pretext for cutting leeks
---
Fallen from 3191 to now, the market has already given the answer, hasn't it?
---
The story of privacy coins has been told for ten years, but no one is using them. Wake up
---
ZEC or BTC? I choose neither, the risk is too high
View OriginalReply0
AirdropHunterWang
· 10h ago
The path of privacy coins is really becoming more and more difficult. That high point of 3191 back then... it now seems a bit ironic.
To be honest, ZEC is being crushed by BTC's network effect. No matter how powerful privacy is, without traffic, it's all in vain.
I've been paying close attention to the market performance of ZEC recently, and after careful research, I understand why it has garnered attention.
Zcash's core competitiveness is clear — it is a similar product to Bitcoin, but transaction privacy is integrated into the protocol. This is not a minor feature. In the crypto world, privacy is crucial for many users.
So the question is: choose ZEC or BTC? Both have their own value. Interestingly, ZEC once surged to a historical high of $3,191.93. Looking back from that height, the market's valuation of privacy features was quite optimistic. Now, the question is whether this privacy capability can maintain an advantage in long-term competition.