$ZEC has risen very sharply recently, mainly due to its anonymity feature. Other anonymous coins such as: $XMR and $DASH are also considered relatively old coins.

The big beautiful country confiscated coins mainly through on-chain tracking + legal means + third parties (exchanges/service providers/law enforcement agencies)
Various decentralized coins on various centralized exchanges are essentially centralized.

After a series of events, decentralized exchanges like Hyperliquid emerged, prompting Binance to invest in Aster.
One day, it may not be competitors that defeat Binance, but others. Even without Hyerliquid, there are still others.

A simple analysis of the ZEC market is that this coin does not need analysis; its rising demand is no less than the demand for Bitcoin. Even if all centralized exchanges delist ZEC, it won't have much impact, unless the project team stops this coin.

Of course, not all coins can continuously rise in one direction. If you short, you also need to wait for the daily or weekly candlestick to change color, and set a stop loss!