Shielded ZEC growth could signal accumulation, Kyle Samani notes

Shielded ZEC growth could signal accumulation, Kyle Samani notes
ZEC shielded share suggests accumulation trend

Kyle Samani, co-founder and managing partner at Multicoin Capital, suggests that the best way to verify whether people are investing in ZEC for its long-term potential is by monitoring the percentage of ZEC that is shielded over time.

Samani argues that during what was perceived as an accumulation phase for ZEC earlier this year, a rising proportion of shielded ZEC may support the theory that investors are focused on long-term holding.

Samani has recently discussed key developments in the crypto industry. He highlighted the forthcoming launch of regulated, legal perpetual products for U.S. investors. In a separate note, he described Onyc as a leading on-chain yield product offering stable returns and user flexibility.

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