Author: admin

Zec has undoubtedly become cryptos rock star lately with its price skyrocketing to a ten year high above $1,200 🖤 However certain worrying signals suggest that a short term pullback may abruptly replace the rally. 👀

Are The Bears Coming 😈

Earlier this month Zec surpassed $1,200 for the first time since 2016 and reached almost $1,300. Currently it trades around $1,220 per coingecko representing a 150% monthly increase and a staggering 2,450% explosion on a yearly scale. The main drivers behind the spectacular surge include the launch of grayscales zec etf along with other factors which you can explore in some detailed posts elsewhere ✨ Nonetheless three key developments suggest the assets relentless climb may be coming to an end. The first one is the td sequential indicator which according to analyst ali martinez has flashed a sell signal on the 3 day chart.

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The last time this setup appeared on may 19 it resulted in a 64% price correction. Worth paying attention to this one he said 📉 The second is zecs relative strength index which has surged past 70. This indicates that the token has entered overbought territory and could be gearing up for a pullback. Conversely ratios under 30 are typically considered bullish.

Last but not least investors have been shifting from self custody to crypto exchanges. This development is interpreted as bearish because it increases immediate selling pressure. 💀

$10k On The Way 💸

Despite the worrying signals mentioned above many market observers believe Zec still has plenty of fuel left to post further gains 🚀 X user altcoin sherpa described the $1,000 and $1,100 levels as interesting adding they would rather see price spend time in a specific region and base out than check the exact price for the bottom.

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I still think this is a fantastic one to buy though for this cycle the analyst concluded. Crypto with harris argued that as long as the price stays above $1,050 there is no need to worry. In his view the masses buying now out of fomo could trigger a major pump to a new all time high of $10,000 and he predicts Zec could reach that milestone before ethereum.

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Just another echo from the void by iconofsin.eth 💖

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Coinbase CEO Brian Armstrong is straight up hyping the CLARITY Act again right before that September 15 Senate vote drops. He swears it would slap a clearer framework on US crypto markets and drag in that sweet institutional cash plus tokenized assets to the country fr.

Armstrong Makes His Pitch For That Yes Vote 💀

Dropping by on CNBC’s Squawk Box Asia on September 10 Armstrong called the CLARITY Act ready to get a yes vote and said the Senate folks he talked to are totally on board. Law enforcement groups are now on board. Many banks are on board. The crypto companies are on board. He even pointed at hundreds of pages of input from both Republicans and Democrats. The Coinbase chief noted his team had raised concerns before but now all those must-have issues got sorted.

Bitcoin Could Hit $400000 By 2030 📈

Armstrong connected regulatory clarity straight to institutional adoption and mentioned how over 150 big companies jumped on stablecoins within three months after the GENIUS Act passed. In his view CLARITY could work like the perfect checkbox for big investors to bring tokenized equities and perpetual contracts stateside. Even without the bill passing he says the SEC and CFTC are already cooking up rules anyway. He also linked the whole debate to wild government spending pushing folks toward Bitcoin almost like gold. Plus regulated stablecoins act as structural buyers of US debt which could help lower rates. On Bitcoin itself he kept saying $400000 by 2030 stays a reasonable target and that one-year downturn might have already bottomed out since the next halving is about a year and a half away. I think the next year or two is going to be good for Bitcoin he stated.

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Just another echo from the void by iconofsin.eth 💖

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US President Donald Trump just proposed this $5,000 dividend payout to every adult if Republicans hold Congress after midterms.
The nation has around 245 million adults so the total bill hits a massive $1.2 trillion. This sparked huge drama with some traders thinking part of it could flood into crypto and spark a wild altseason.
Watching how this might shake Bitcoin is key too.

Will It Pump Hard Then Dip? 🌙

ChatGPT thinks Bitcoin would get a sharp initial surge if the cash drops. It does not expect most folks to pour stimulus straight into the top crypto but even a slice could lift prices. The mere announcement might fuel speculation as traders front-run by scooping Bitcoin and risk assets early.
BTC could therefore rally well before any money hits accounts.
The real risk hits later if extra borrowing fuels inflation and forces Fed shifts. This creates two opposing forces for Bitcoin. Inflation strengthens its digital gold story but tighter policy usually hurts speculative plays. Bitcoin might therefore surge initially then face a sharp correction 🖤.
Perplexity called the move mildly bullish short term but not a full bull trigger. Long term it hinges on the Fed and economy.

Similar To Covid Stimulus? 🦇

Gemini drew parallels to the COVID payouts that helped folks during lockdowns. Back then some cash flowed into BTC and ignited a massive run from below $5,000 up to nearly $70,000.
A $5,000 payout per American would total $1.2 trillion exceeding all three COVID checks combined. If passed it would likely trigger an even more substantial rally for BTC than the one from 2021 🚀. This feels kinda sinister yet cute fr 💉. Markets might front run like crazy lol 🕸️. DeFi plays could see fresh liquidity waves too 🌑. Stay spooky out there 🦴.

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Just another echo from the void by iconofsin.eth 💖

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Nasdaq just dropped a cool $100 million into Payward the parent behind Kraken thru their venture crew and it feels kinda sinister how deep this partnership is getting rn. They’re aiming to drop tokenized stocks on a public blockchain with a launch set for Q2 2027 and the whole thing values Payward at a massive $21 billion according to the latest reports. 🦇
The deal builds on their earlier collab to push tokenized equities where Kraken’s xStocks will handle the permissionless layer for Nasdaq’s issuer tokens. Payward is also grabbing Nasdaq’s surveillance tech for their crypto equities futures and options spots 👁️.

No More Two Day Settlement Drags 🔮

Deutsche Börse already poured in $200 million earlier for a slice valuing Payward at $13.3 billion and Kraken started offering over 11000 US stocks and ETFs thru their brokerage that same month. The exchange is sliding into stocks derivatives and beyond just crypto with xStocks running on chains like Ethereum and Solana 🕸️.

“More than $2 trillion of stock trades run through the U.S. clearing system every day. Buys and sells net down by about 98 percent and the clearing house holds $10 billion to $20 billion of collateral against what is left while it waits a day to settle. Cutting that wait from two days to one in 2024 released $3 billion. Onchain settlement removes the wait,” said Arjun Sethi Co-CEO of Payward.

Pushing Nasdaq Equity Tokens Forward 🌙

Inside Nasdaq the Digital Liquidity Networks team is leading the charge for always on market infra. This move “advances our work on Nasdaq Equity Tokens and helps build a more connected financial system while preserving the trust transparency and integrity that underpin capital formation” according to Tal Cohen their President 🩸.

Nasdaq rolled out the equity token framework this year to keep issuer control and shareholder rights solid. Next they want global distribution trading and post trade stuff locked in. But holders of these tokenized assets don’t get full ownership of the real shares and that spark is heating up in the Robinhood AMC drama over synthetic exposure without actual rights 💀. ✨🖤

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Just another echo from the void by iconofsin.eth 💖

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