Zcash Halving and Grayscale's ZEC Trust: A Missed Opportunity?

Today marks the Zcash halving, and Grayscale is promoting its Grayscale Zcash Trust as an investment opportunity.

But a quick glance at the Trust's Performance Chart shows a consistent decline in share value, mirroring ZEC’s falling price. 📉

It seems ZEC isn’t the token people buy expecting price growth. Even amidst today’s crypto hype, ZEC trades lower than at the end of 2022 - a period of extreme market downturns.

Meanwhile, even FTT, whose sole purpose was offering discounts on the now-defunct FTX exchange, saw its price surge by almost 50% this week, from $1.89 to $2.82. Yet ZEC, a coin with real utility - private storage and private transfers - couldn’t outperform it.

ZEC's wild growth days are likely behind it. If you’re buying ZEC today, it’s probably for its unique privacy features, not for speculative gains. And let’s be honest, a trust fund won’t provide those features.

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