Financial Privacy will be the next major catalyst for a bull run. It won't necessarily be inflation, or interest rates that will be the spark... it'll be the United State's version of a CBDC being rolled out. Monero, Zcash, zero knowledge protocols will thrive, but I'm looking a bit deeper for this bull run.
There's something brewing.. marketing itself as Pri-fi. Privacy + defi..
Offshift is a 3-4m mcap coin guys.. it has 260k in daily volume today, a mere 7% of it's market cap. It's illiquid. Accumulate knowing that.
Illiquid coins have the potential to pop quickly (and drop quickly), so this is really a set it and forget it play.
Binary situation, either this company is one of the survivors in this new space, or not.
That being said, the space to fill, is massive. CBDCs will result in flight to privacy, Monero is difficult to use, 99% of Zcash transactions don't even leverage it's privacy functionality and are trackable....
... Ease of use + privacy will do well.
Monero has been in a cup and handle for 4 years... Zcash at these prices has historically been a good move regardless of macro environment... but what if..
what if..
There's a new coin called BlockRemit that's basically privacy plug in for all external wallets.. up 27,000% in a few days
I think this is like November 2022 for microcap AI projects (think VAI, CORTEX)
Smart money is accumulating small cap privacy coins.
Enter.. "Offshift". It uses ZK SNARK technology to hide sending and receiving addresses, and also leverages "anon" synthetics .. so you link your wallet, i assume drop your asset in a pool and get a synthetic anonymous version of it that you can trade using zero knowledge pools. Pretty fuckin cool.
I think they launched the btc anon asset, but coinmarketcap doesn't track it, and tradingview shows its unpegged wildly.. doesn't bode well for adoption if the assets in the anon pool aren't pegged to the underlying...
but..
It's tiny mcap reflects all of this uncertainty.
When you google PriFi.. they have the #2 slot under Panther Protocol, which is basically doing the same thing. Chart hasn't turned bullish on that one yet. 28m fully diluted mcap.
Another negative on offshift is, once they launch their v2 testnet in August, their supply will become "variable". No caps. Right now fixed at 10m, 7.5m in circulation.
Thats not good for holders, as the company can raise capital by selling shares (coins) at market price to retail. Dilutes price, increases company value, company wins, retail loses.
So... it has it's pros and cons. DYOR
There's something brewing.. marketing itself as Pri-fi. Privacy + defi..
Offshift is a 3-4m mcap coin guys.. it has 260k in daily volume today, a mere 7% of it's market cap. It's illiquid. Accumulate knowing that.
Illiquid coins have the potential to pop quickly (and drop quickly), so this is really a set it and forget it play.
Binary situation, either this company is one of the survivors in this new space, or not.
That being said, the space to fill, is massive. CBDCs will result in flight to privacy, Monero is difficult to use, 99% of Zcash transactions don't even leverage it's privacy functionality and are trackable....
... Ease of use + privacy will do well.
Monero has been in a cup and handle for 4 years... Zcash at these prices has historically been a good move regardless of macro environment... but what if..
what if..
There's a new coin called BlockRemit that's basically privacy plug in for all external wallets.. up 27,000% in a few days
I think this is like November 2022 for microcap AI projects (think VAI, CORTEX)
Smart money is accumulating small cap privacy coins.
Enter.. "Offshift". It uses ZK SNARK technology to hide sending and receiving addresses, and also leverages "anon" synthetics .. so you link your wallet, i assume drop your asset in a pool and get a synthetic anonymous version of it that you can trade using zero knowledge pools. Pretty fuckin cool.
I think they launched the btc anon asset, but coinmarketcap doesn't track it, and tradingview shows its unpegged wildly.. doesn't bode well for adoption if the assets in the anon pool aren't pegged to the underlying...
but..
It's tiny mcap reflects all of this uncertainty.
When you google PriFi.. they have the #2 slot under Panther Protocol, which is basically doing the same thing. Chart hasn't turned bullish on that one yet. 28m fully diluted mcap.
Another negative on offshift is, once they launch their v2 testnet in August, their supply will become "variable". No caps. Right now fixed at 10m, 7.5m in circulation.
Thats not good for holders, as the company can raise capital by selling shares (coins) at market price to retail. Dilutes price, increases company value, company wins, retail loses.
So... it has it's pros and cons. DYOR
Comment:
RAZE is also interesting, 500k mcap, similar utility.