Zcash has been clearly manipulated. We can tell because transactions are flatter than ever. Adoption isnt happening. Its manipulation.
How? 👇
1. Accumulate: An exchange quietly gets a large amount of a low-liquidity coin. (e.g.
@Gemini )
2. Push it up: Aggressive buying removes the few coins available for sale, sending the price higher.
3. Create the illusion: Trading activity makes the coin look extremely hot and in demand.
4. Attract buyers: People see +500%, +1,000%, +2,000% and start piling in.
5. Keep the price elevated: New buyers provide the real liquidity and push the price even higher.
6. Sell into the hype: The original holders start selling into that demand.
7. The floor disappears: Once the buying dries up, there aren't enough buyers to support the inflated price.
8. Crash: The price falls rapidly, leaving late buyers holding the bag.
Thats why Garret Jins strategy of owning 1% of the supply and simultaneously having a huge short position makes sense. It's almost like he knew something...🐇🕳️...
$ZEC
Every technical indicator and trading meme in existence says zcash is topped here. If it continues to rally you have to start considering that there's some level of divine intervention