The current market trend is really interesting. From the buildup around $400, it has surged all the way up. Now, those traders holding over 70 million in short positions probably haven't had a good night's sleep. I’ve never been one to hide things—so I’ll be straightforward—ZEC’s recent market performance is driven by solid logic.

Looking at Bitcoin, its strengths lie in decentralization and scarcity—these are deeply ingrained advantages. But here’s the problem: it has a natural shortcoming—being too transparent. Every on-chain transaction’s sender and receiver, and the amount transferred, are all visible on the blockchain. Usually, this isn’t a big deal, but recent events have exposed this issue—whether it’s large transfers by major institutions or asset movements in specific scenarios, these on-chain records are like footprints in the sand—traceable and analyzable by anyone.

This leads to a real challenge: where does transaction privacy protection come into play? More and more users are beginning to reflect that a fully transparent ledger system isn’t enough for participants who value financial privacy. That’s when privacy coins come into focus. Assets like ZEC, Monero, and Dash aim to fill the privacy gap left by Bitcoin’s transparency.

ZEC has recently performed the best among privacy coins, and its core competitiveness boils down to three aspects. It can effectively hide the origins and destinations of transactions, giving users true control over their asset flow—an increasingly important demand in today’s market environment.