The Zcash ZEC Short Squeeze[The original opportunity in 2021-2022 was lost, so now this updated post will be an estimate for hope in the year 2024 as Zcash has its halving approach in November] Zcash ZEC has massive short squeeze potential: Similar to DogeCoin and Ethereum Classic from 2021. Its an OG coin, with active development and a hard capped 21m Proof of Work supply Currently the circulating supply is around 14m coins, a quite small supply vs the global potential set of buyers. Underperformance relative to Bitcoin, Ethereum, Monero, Litecoin, and other peer altcoins from 2014-2016 has been the name of the game for Zcash. Dogecoin and Ethereum Classic like it before were also punchlines across the crypto social ecosystem before their massive short squeeze rallies. As DOGE and ETC mooned (short squeezed) onlookers were terrified, angry, paralyzed, and unbelieving of the insane price pumps The same situation can happen at Zcash if the same buying pressure is triggered The magical alignment of the stars moment is possible when considering the factors: ​
​ The Electric Coin Company delivered a major Network Upgrade in June 2022, there are also a series of ongoing Zcash Media mini-documentary videos released and upcoming in late 2023 which will be deployed to market the network and its impressive core of creators, developers, and advocates For people confused about “short squeeze” there are multiple retail Zcash Shorting markets:https://www.tradingview.com/symbols/ZECUSDSHORTS/?exchange=BITFINEXhttps://www.tradingview.com/symbols/ZECBEARUSD/?exchange=FTX The other factor is that all major exchanges employ Market Making entities (inhouse, contracted, or both) which structurally go both Long and Short Zcash on a daily basis When a large inflow of buys off balances the books, the MMs can occasionally get caught without enough ZEC (or other asset) to re-normalize. This rebuy of ZEC is called Covering. The beginning of the ETC short squeeze famously saw Coinbase with a 15-20% spot premium on ETC a week before the blow off top. This was characteristic of the MMs having no ability to “catch up” with the demand for ETC “Supply shock” is another piece of the squeezing phenomena. Major exchanges also provide their professional clients (and sometimes retail, I know this as a Kraken user for sure) the ability to “sell” against Zcash ZEC using some other collateral (in Kraken, this is USD or BTC only). This is a net short position also – these positions are at risk of liquidation, I’ve personally done it, shorting Monero XMR in the past The other crypto squeeze factor to note is that these markets never turn off, which during a squeeze, prevents the MMs from “catching up” – this is different from the luxury they have in old school markets, where there are limits that halt trading, and there are closed hours every day and over the weekend. The Halving in November of 2024 will cause a Supply Shock to Zcash. https://coinmarketcap.com/alexandria/article/satoshi-files-zooko-wilcox-o’hearn https://ycharts.com/companies/ZCSH https://www.youtube.com/shorts/yrWQ2Sb-Ak8 https://www.youtube.com/watch?v=hm85qwrUjpI&pp=ygUFemNhc2g%3D https://www.tradingview.com/chart/ZECUSD/FM6SMuEI-ZEC-USD-Wyckoff-Accumulation-Phases/ ​ Keep in mind that patience and discipline are needed to succeed in markets. If Zcash completes a great price squeeze it will not be easy for you to hold your coins all the way up. It will also be difficult to continue buying and holding coins now, while prices are low. As the Zcash investors of reddit, we must do ourselves the favor of keeping positive, sharing ideas and support, and avoiding the pitfalls of negativity and arguments or trolls. https://www.youtube.com/watch?v=1bHCr6K8BMY If this prediction becomes true keep to your plan and identify profit targets in advance, perhaps these would be 10-20X meaning a ZEC price of $300-600 per Zcash. submitted by /u/oprah_2024 to r/zec |