Regarding the short-term trend of ZEC, I want to approach it from a different perspective—namely, from the viewpoint of mining hardware manufacturers.

Although many people are long-term bearish on ZEC, I believe the short-term risks of shorting it are seriously underestimated. Let’s consider this from the perspective of mining hardware producers.

ZEC is currently in the pre-sale phase for new mining machines, produced by Bitmain, with a pre-sale price of $4,999. If you were the person in charge of this project, think about it: Would the price fluctuations of ZEC directly affect the sales enthusiasm of the mining machines and the confidence of buyers? The answer is definitely yes.

Now, look at the actual mining profitability—currently, ZEC’s daily production capacity is over 0.1 coins, and the breakeven period for miners is about 5 months. Compared to other POW projects, this cost-performance ratio is quite good. What does this mean? It means there are real miners involved and genuine economic incentives supporting this ecosystem.

Based on this logic, the likelihood of ZEC experiencing a sharp dump in the short term is actually very low. Even from a purely commercial perspective, in order to sell more mining machines, the project team would try to stabilize the current price range—at least until the machines are delivered.

For traders, projects with such strong market control are even more difficult to operate than MEME coins. Playing with derivatives becomes exponentially harder. If you want to participate in ZEC, you must carefully consider where the risks lie.