Market Position & Speculation - ZEC is the 5th most speculated asset on Hyperliquid perps, despite being ranked outside the top 10 (around top 30) in market capitalization [1] - The high speculation in ZEC suggests that traders are interested in price action, which drives more flows into the asset [1] Privacy & Network Effects - Increased speculation in ZEC leads to larger shielded pool size, enhancing the privacy properties of the system [1] - The growth of the shielded pool indicates a positive feedback loop where attention and speculation strengthen the privacy features [1] Valuation & Adoption - ZEC is considered undervalued compared to other cryptocurrencies with higher market capitalization [1] - Privacy adoption in crypto requires both believers and speculators, who contribute to a non-zero sum dynamic [1]
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mert | helius.dev·2025-10-12 13:42