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Recently, news about ZEC has probably been seen by most people in the crypto circle. This privacy-focused coin, which has been operating for over ten years, saw its market cap soar 15 times from mid-September to mid-November last year, with an astonishing increase.
But here’s the problem—ZEC’s development pace has clearly slowed down. Data shows that active development levels have dropped back to the levels of November 2021, from the initial enthusiasm. Even more painfully, after this surge, the coin’s price has fallen another 40%. Past experience tells us that rising development enthusiasm often incubates new market favorites. Currently, the lack of development effort directly reflects that the vitality of innovation is gradually fading.