- Based on our Zcash price prediction, the price of ZEC will cross the $80 mark by the end of 2023.
- By 2025, our ZEC price prediction 2025 forecasts that Zcash (ZEC) could be worth $130.
- Our Zcash prediction indicates that by 2030, ZEC could reach a new high of $215.
Currently, Zcash is trading around $32, which is almost 13% down from the last week. And, in the past 24 hours, ZEC has corrected almost 1.10%. There is a bearish sentiment in the market, but the long-term sentiment remains positive, and ZEC coin could hit the $130 mark by 2025. If you are looking for a ZEC crypto price prediction, our in-depth analysis aims to answer your questions like, Is Zcash a good buy? What is the future of Zcash? Before we start with a detailed Zcash price prediction, let’s dive into the coin’s overview.
Zcash – The Premier Privacy Coin
Revolution of Blockchain assured investors of cryptocurrencies of privacy and confidentiality. They believed this scientific algorithm was sturdy enough to protect their transactions, keeping them safe. However, one can trace all kinds of digital traffic, even in cryptocurrencies like Bitcoin, through a Blockchain to ascertain the transferor and transferee’s wallet address.
Unlike most cryptocurrencies that publicly display your transaction history and holdings, Zcash offers complete privacy for shielded transactions. Zcash also features selective disclosure options that enable users to share transaction details for compliance or auditing purposes. In addition, transparent transactions are available and fully compatible with shielded addresses. Last year, Zcash introduced a unified address format that simplifies the use of Zcash by eliminating the need for multiple address types. This enhances interoperability between wallets and exchanges, resulting in a better user experience.
It is the same difference, just as it is between HTTP and HTTPS protocols. The “S” here is for that additional encryption support that ensures the transaction is safe and fully kept confidential. Zcash operates on the same lines. Zcash (ZEC) is one such cryptocurrency that offers the same benefits of security and an entirely private crypto usage based on encryption technology – zk-SNARKs.
Is Zcash similar to Bitcoin?
Zcash, similar to Bitcoin, records its transaction data on a public blockchain. However, Zcash distinguishes itself by providing the option of confidential transactions and financial privacy via shielded addresses. Zero-knowledge proofs enable transaction verification without disclosing the sender, receiver, or transaction amount.
Zcash is based on cryptographic methods that ultimately rely on zero-disclosure evidence, thereby allowing mathematical consistency of the entire transaction procedure, which is cross-checked without revealing any data or message/password on the other party involved in the transaction.
A salient feature of Zcash is the use of special transaction block headers, zk-SNARK protocol, notes, JoinSplit descriptions, to name a few.
Power in the user’s hands is another characteristic of Zcash as one can’t trace the information on the recipient. The original client program requires you to store a blockchain of no more than 10 GB, which by no means is comparable to the BTC wallet’s 200 GB.
Interoperability of all ZEC coins is another gain. Zcash has regular upgrade schedules, which means this protocol is adaptable to meet the various use cases of today, as well as the unforeseen use cases of tomorrow.
Zcash Community: A Close-Knit Interwoven Mesh
Zcash is also self-funded with strong community governance that aligns the incentives of key stakeholders. Zcash’s governance structure is inclusive and capture-resistant. With the Canopy upgrade, a new community development fund is secured from 2020 to 2024. With Major Grants fund, at least $20M is ear-marked for future Zcash development, decentralizing the ecosystem.
Zcash (ZEC): Technical Analysis
Zk-SNARK encryption technology gained a lot of traction at the time of the launch of Zcash in 2016. At that time, the ZEC price jumped to $4000. However, gradually it stabilized to its significant resistance level of $40-$50. Going by the technical analysis, prediction, and fundamentals, ZEC has garnered a top position in the cryptocurrency market among the top 10 coins. Partnerships with American Finance Giant JP Morgan gave another boost to the price of this coin.
Based on news updates and price analysis, the Market Cap around January 2018 end was $2.5 billion for ZEC coin. The Zcash price then had a significant change and reached almost $700. However, due to the bearish phase, it marked a cryptocurrency price fall and reached $60 in the same year December.
Zcash price today is around $32 with a market cap of $525,513,161, a trading volume of $22,904,388, and a circulating supply of 16,328,269 ZEC out of 21,000,000 coins. To know the exact value in BTC of the current ZEC price, users should use a currency converter like the Zcash converter. As per the current price forecasts and market scenario, the major coins might reflect positive momentum.
Zcash Price Prediction 2023
The minimum price of Zcash might be around $80, while the maximum price might reach $86 by the end of this year as per our ZEC price prediction 2023. On average, it is expected that the value of Zcash might be around $82.
ZEC Price Prediction 2024
As per the Zcash prediction for the account of the 2024, the coin might reach $100 by the end of 2024. As per our Zcash coin price prediction & forecasts, the predicted high for Zcash forecast 2024 might be around $110, and on the downside, the low might be around $98 for the price of Zcash.
Zcash Price Prediction 2025
Based on our ZEC price prediction 2025, Zcash is predicted to reach the maximum price of $130 while the minimum price might be around $105. The average price might be around $115 during 2025.
ZEC coin price prediction 2026
As per the Zcash crypto price prediction, the price is predicted to touch $155 by the end of 2026. As per our prediction, the predicted maximum price of Zcash for 2026 might be around $160, and on the downside, the minimum price might be around $118. As per 2026 forecasts, the ZEC coin might be a profitable investment.
Zcash Predictions 2027
As per our Zcash price forecast 2027, the price of ZEC might cross $170. By the end of the year, Zcash price is expected to reach a minimum price of $139. In addition, the ZEC price is capable of getting a maximum level of $172.
Zcash Prediction 2028
As per our ZEC price predictions 2028, the coin price might hit $189. By the end of the year, Zcash price is anticipated to cross a minimum price of $150. In addition, the price of Zcash might trade artound a maximum level of $172.
ZEC Coin Price Prediction 2029
As per our Zcash price predicrtion 2029, the price of ZEC might cross $195. By the end of the year, Zcash price is expected to reach a minimum price of $179. In addition, the coin price might touch a maximum price level of $198.
Zcash Price Prediction 2030
As per our ZEC price prediction 2030, the price of Zcash might cross $210 by the end of the year. Zcash price is expected to reach a minimum price of $196. In addition, the maximum price level of ZEC coin might trade around $215.
Zcash Price Predictions: Experts’ Opinion
As per the forecast data analysis, the price of ZEC is expected to cross the level of $59.25. By the end of the year, Zcash is expected to reach a minimum fee of $28.18. In addition, the ZEC price is capable of getting a maximum level of $70.83.
Zcash price prediction – Digital Coin Price
ZEC is a bad long-term investment option taking it to halving events. Zcash will drop to $1.6 by the end of the next year. It may be devalued in the future.
Zcash (ZEC) Price Prediction – Wallet Investor
As per the forecast price and technical analysis, In 2025 the price of Zcash is predicted to reach at a minimum level of $90.14. The ZEC price can reach a maximum level of $113.06 with the average trading price of $92.75.
ZEC Price Prediction – Price Prediction