Alliance DAO co-founder compares ZEC to early Bitcoin

Qiao Wang, co-founder of Alliance DAO, stated that Zcash (ZEC) is in a situation similar to that of early Bitcoin. On X, he explained that ZEC currently evokes the same feeling as Bitcoin in its initial stages, with top-tier developers writing its code while many critics misunderstand the project. Wang added that while ZEC continues to face various vulnerabilities, uncertainties, and high volatility, its structure offers the potential for substantial returns upon success. This commentary comes as ZEC has fallen sharply today, with selling pressure intensifying following the disclosure of a security vulnerability that could potentially lead to infinite inflation. According to CoinMarketCap, ZEC is currently trading at $318.76, down 40.27%.