There is an interesting phenomenon worth noting. During the period from September 22, 2025 to November 16, 2025, ZEC's market capitalization skyrocketed by approximately 15 times. Sounds pretty exciting, right?

But here’s the problem—during the same period, its development activity steadily declined, reaching the lowest point since November 2021. Even more heartbreaking, the price has shrunk by 40% over the past two months. This kind of divergence has actually been validated in the crypto market for a long time.

Historical data is in front of us: those truly emerging altcoins often accompany continuous increases in development activity. Development teams keep iterating, optimizing, and innovating, which supports the coin’s price. Conversely, once a project stalls, innovation slows down, and the final outcome is often being ruthlessly abandoned by the market. Development activity is like a project's pulse; the stronger the beat, the more resilient its vitality.