not sure i feel comfortable blaming ZEC’s very lackluster performance on ASICs alone. zcash inflation is ridiculous… team zcash built some cool tech, but seemed to ignore ZEC’s economic engine (copy/paste BTC). market makers are just as terrible as the mine+dump crowd. mixture of M&D miners, asian exchanges reporting fake volume, and market maker games are creating an “infinite” loop of bag holders.
notice how dash pumped to $80 range, whilst zcash pumped to $50 range? that’s the difference between good MM, and shitty MMs. ZEC’s MM decided to halt zcash in a perilous range that will spook traders.