Experienced Analyst Discusses Popular Altcoin of Recent Days: “It Could Triple in Value, But There’s Significant Risk”

Cryptocurrency analyst Joao Wedson commented on the recent remarkable rise of ZCash (ZEC), saying that the asset has entered a “historic performance zone.” According to Wedson, ZEC is currently trading above all on-chain price models, marking the second-strongest yearly performance in the altcoin’s entire ￰0￱ highlighted a key dynamic behind the current rally: aggressive selling by long-term ￰1￱ analyst noted that the CDD Multiple metric is showing that very old ZECs, which haven't moved in years, are moving for the first time, adding additional volatility to the ￰2￱ News: Fed's Most Dovish Member Stephen Miran Makes Statement on Interest Rates The analyst also noted that ZEC has surpassed levels previously only dreamed of for Bitcoin in terms of on-chain indicators.

“ZEC has broken all the major on-chain levels we previously expected to see in Bitcoin, and it's the first to do so,” Wedson ￰3￱ to Wedson, in an overly optimistic scenario, ZEC, which is entering its price discovery phase, could potentially target $1,650. However, the analyst cautioned that even the current price carries rising risks and urged investors to remain cautious. *This is not investment ￰4￱ Reading: Experienced Analyst Discusses Popular Altcoin of Recent Days: “It Could Triple in Value, But There’s Significant Risk”