It's a clever move to “overtake” Monero as privacy coin number one (marketcap only, but enough for avg user) and simultaneously establish a new “pump and dump” coin, because the original Bitcoin is no longer performing well (sticks at 100k).
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ZEC is 95% transparent. The remaining 5% have no IP protection son are likely traceable to some degree. Binance will not even allow deshielded transactions on its exchange making it not better than Monero in that regard which also got delisted.
Many people not doing their research will get fucked by this. Both because they will pump anssump and because most people will not understand that it is opt-in privacy.