SharePayy Launches Privacy-Enabled Ethereum Layer 2 Network
- Privacy Innovation: SharePayy has launched a privacy-enabled Ethereum layer 2 network that makes on-chain financial activities effectively private by default for ERC-20 transfers without requiring smart contract changes, representing a significant breakthrough in privacy technology.
- Target User Segments: The project specifically targets institutions and fintech firms looking to operate on-chain without fear of analysis, as well as privacy enthusiasts, aiming to eliminate the hassle of juggling multiple wallets and enhancing user experience.
- Transaction Privacy Mechanism: By routing transactions through private ERC-20 pools, the network effectively conceals the destination of funds, ensuring that users' transaction flows remain hidden from public view, thereby enhancing privacy protection.
- Market Demand Opportunity: Amid rising demand for privacy-preserving tools, Payy CEO Sid Gandhi emphasized that privacy is the final barrier to the global payments economy moving on-chain, with plans to attract more users and stablecoin players, thereby driving further market development.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC) As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 11.835 | 98.202 | 183.695 | 270.062 | 355.555 | 441.922 | 527.415 |
| Fibonacci | 98.202 | 163.853 | 204.412 | 270.062 | 335.713 | 376.272 | 441.922 |
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