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Arthur Hayes, co-founder and chief investment officer at Maelstrom, announced a new zcash meme contest in celebration of the bull market's return. The contest requires participants to submit witty and offensive memes related to geopolitics, with a photo component and no videos allowed.
Hayes recently expressed optimism for a possible ZEC rally to $400, citing renewed interest in the cryptocurrency market in an earlier interview. He also set a price target for ZEC at 10 percent of bitcoin’s value, noting the gap the coin still needs to close in a separate analysis. The recent meme contest follows several public statements by Hayes on ZEC’s potential.