Recently, the performance of privacy asset ZEC has indeed attracted attention. The market has been on a steady rise, with daily gains significant and price charts heating up. Along with this, various voices have also increased—topics like "Can it reach 1000 USD?" are beginning to circulate in the market.

But upon closer reflection, the logic behind this question is worth pondering. Rapid gains ≠ large potential for further growth. This principle seems simple, but in reality, many tend to overlook it during bullish periods. Although ZEC has performed impressively in recent days, with gains of over ten percent in a single day, does this truly mean it has the fundamental conditions for continued explosive growth?

There is a very realistic rule in the market—behind each rally, participants' objectives are often not aligned. Institutions or large holders may push the price up, but their goal is never to let followers get rich together; instead, they aim to attract more hot money into the market. When market sentiment peaks and retail investors' chips are sufficiently dispersed, a large bearish candle can come crashing down, serving as a harvest. This routine has never been unfamiliar in the crypto world.

Retail investors' behavior also follows a pattern. When prices rise, selling pressure naturally appears—after all, many participants are short-term traders who do not have deep confidence in the technical iterations or long-term application scenarios of privacy assets. When prices slightly increase, they want to take profits; when prices dip slightly, panic sets in. Such market mentality makes it difficult to form a true bottom support.

Another detail worth noting: those shouting "冲1000美金" (aiming for 1000 USD) mostly appear during hot market conditions. But when the market pulls back, these voices often disappear without a trace. The market is never short of such wavering comments.

As a representative of the privacy sector, ZEC has indeed been supported by narratives over the years. On-chain activity has also been gradually increasing, and these fundamental factors are meaningful. But to push the price to such high levels in the short term, relying solely on these is far from enough. More often, it is treated as a trading target within a speculative cycle—once a wave of hype passes, market attention shifts elsewhere.