#ZEC价格走势和技术特点 The recent ZEC market trend is indeed eye-catching. From the data, it shows a 120% rise in 40 days and a cumulative rise of 700% this year, which is truly astonishing. However, I hold a reserved attitude towards the positioning of "Bitcoin silver". Although ZEC shares characteristics similar to Bitcoin, such as fixed supply and POW mechanism, it lacks the network effects and ecological depth of Bitcoin. In contrast, ETH may be more qualified to be called "digital silver". Nevertheless, ZEC's privacy features are indeed attractive in the current environment of tightening regulations. The rapid growth of shielded pool balances and the proportion of shielded transactions reflects a genuine demand for privacy. The key is to see whether ZEC can continue to attract institutional funds and expand its application scenarios over the next 12-24 months. This will determine whether it can truly become a long-term value storage asset, rather than just a short-term speculative target.