Summary
- Arthur Hayes said Zcash (ZEC) could see a strong rise.
- Hayes said the ZEC/BTC ratio could rise to 0.2, which is dozens of times higher than the current level.
- The current ZEC/BTC ratio is about 0.00537.
A claim has emerged that Zcash (ZEC) could show a strong rise against Bitcoin (BTC).
On the 14th (local time), Arthur Hayes, co-founder of BitMEX, posted on X (formerly Twitter) the expression "PAMP IT!" along with "ZEC/BTC ratio to 0.2." This means the price of Zcash could rise to around 0.2 BTC relative to Bitcoin.
The current ZEC/BTC ratio is about 0.00537, and the target mentioned by Hayes is dozens of times higher than the current level.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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