Who is buying ZEC at such ridiculous price? I already felt ZEC was expensive at 0.7 BTC yesterday. Now the price is ridiculous.
Buying now is like buying an expensive hot potato. Upside is limited but you have everything to lose as the price can suddenly go down with the increasing supply day by day.
it's not ridiculous when you take into account the fact that the reward is 1.38 x 576 min(block time 2.5 minutes), give you roughtly 800 coins per day, at current price it's like 2k btc being mined each day
now compare this to etheruem where 28.800 coins are produced each day, each one is 0.014 btc around 420 coin, but etheruem is dumped, before it was 0.02 or 0.03, so zcash it's like etheruem in its prime