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How $NULLA remains sub 500K FDV I will never know.
With this drama surrounding $ZEC, I think a lot of money will flow into other privacy plays.
Haven’t read too much into the FUD, so not going to voice my opinion on it. However, I do believe the people selling will look for other privacy L1’s.
And that’s just what NULLA are building.
What they’ve built is a privacy L1 which hides balances and onchain identities, all working on testnet.
Value is represented as private "notes" that can be sent and spent using cryptographic zK proofs. Nodes verify that everything checks out without learning amounts or linking senders and recipients.
With nanocaps, they can go to 0 just as quick as they can catch a candle, so DYOR.