$ZEC doing a ~9x in about 90 days still feels unreal to many… but when you zoom out, it starts making sense. Post-2024 halving, supply is 50% tighter, still hard-capped at 21M, and secured by Equihash PoW with ~13GSol/s. Not many assets in this market can claim real cryptography roots + a decade of Lindy + ongoing dev work from ECC. What stands out to me is this: privacy died as a narrative in the last cycle… yet $ZEC just flipped names like $XMR and $SHIB on the way up. That doesn’t happen by accident. Something is shifting. Maybe it’s renewed demand for censorship-resistant rails. Maybe it’s traders front-running a narrative that returns every time macro surveillance gets heavier. Maybe it’s just pure speculation gearing into the $800 supply pocket on the chart. Either way, ignoring a move like this just because it’s not trendy DePIN, AI, or RWA feels like a mistake. Markets recycle narratives but when they come back, they come back sharper. Not advice, just thinking out loud. But if privacy makes a full comeback, many will look back at these prices with the same disbelief they had at $16k BTC during extreme fear.