full image - Repost: ZEC's ATH on October 29, 2016 (from Reddit.com, ZEC's ATH on October 29, 2016)
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I was just browsing the historical charts for CoinMarketCap and decided to go back and look at ZEC's beginning. Just going off of the historical charts alone reported by CMC, there was only 476 ZEC in circulation whenever this record was saved. That would only mean that the supply couldn't keep up with demand on launch causing the dramatic spike in price action.After supply was able to catch up to the demand the value went down and traded around the $30-65 area for around 1.5 yrs, Fast forward to Jan 6, 2018, ZEC pumps to approx. $880 ea. with approx. 3 million ZEC in circulation. IMO I would consider that the first bull run but I always see comments from new users and users in the Monero community using the fact of "ZEC being 90% down from ATH" as FUD. Please feel free to correct me if I'm wrong and any additional perspectives on the matter are always welcomed!https://ift.tt/farZ1o6
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