➜ $ZEC is casually sitting at a $22B valuation rn. meanwhile u look at the actual privacy infra being built and these 4 projects are worth less than $600M combined. let me break down the discrepancy for u fam: 1 zano:native → $92M mcap. private by default L1 shipping confidential assets. 2 $ZEN → $118M mcap. privacy focused L3 rolling up on base. 3 $RAIL → $162M mcap. bringing actual private txs and defi to evm chains. 4 $ZAMA → $195M mcap. fhe infra powering encrypted compute. total combined mcap for all four is literally $567M. thats a 37x gap right there. ngl they are not exactly direct competitors. but if we are really pricing in privacy as the next massive narrative → capital will absolutely flow down the risk curve. $ZEC is not gonna be the only token catching bids when the rotation happens. smart money always hunts for capital efficiency. watch where the volume flows when the narrative shifts.