Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, ZEC has been continuously dropping nearly 10 bearish candles on the 4-hour chart, with fierce momentum. Many people are analyzing technical indicators on the candlestick chart, but the real issue lies in the fundamentals—the project's development team and CEO have both announced their resignation.
It appears to be a sudden decision, but in fact, it stems from long-standing disagreements. The core dispute revolves around privacy and decentralization, two fundamental principles that have clashed at the ideological level, ultimately making reconciliation impossible. Now, the original development team has split, and a new project has been launched separately.
This incident serves as an interesting reminder: we often focus only on price movements, but sometimes overlook what truly supports a project. The significance of ZEC lies in its powerful privacy technology. The split within the core team directly undermines this fundamental foundation. When the market sees internal conflicts, confidence is inevitably affected.
For such intense volatility caused by management team splits, it is advisable to operate cautiously. Bottom-fishing requires patience, as the market's attention is very likely already shifting to the newly emerged project.