Zcash Price Prediction 2023-2032
- Zcash Price Prediction 2023 – up to $56.95
- Zcash Price Prediction 2026 – up to $169.81
- Zcash Price Prediction 2029 – up to $530.92
- Zcash Price Prediction 2032 – up to $1,696.16
The proliferation of cryptocurrencies means they all don’t get the same publicity. There are even those that get no publicity at all. The common ones are usually those with the highest value or market caps, like Bitcoin, Ethereum, Tether, XRP, Litecoin, etc., or the ones that the internet has hyped, such as Dogecoin. This Zcash Price Prediction will shine a light through the crypto winter tunnel.
The latest feather in the Zcash cap is the addition to Bitcoin of America’s Bitcoin ATMs across the United States. The company, which operates over 2,500 Bitcoin teller machines in the country, revealed this in an announcement some months ago.
The Bitcoin ATM firm noted that its customer demand had pushed it to add Zcash to the list of available cryptocurrencies. The use of ZEC in transactions has apparently picked up, with the privacy coin now joining Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BTC). Zcash, a decentralized cryptocurrency, is favored by users for its privacy features.
Zcash Network Upgrade 5 (NU5) was activated on the mainnet on 31 May. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as Electric Coin Co. ( ECC ) CEO Zooko Wilcox put it, “a historic step forward for human society.”
NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make private, trustless digital cash payments on mobile phones possible for the first time ever. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
Determining its potential is not easy, and if you are planning to invest in Zcash, that’s something you will want to know. For one, ZEC’s big pump has been predicted. Fortunately, we have examined digital assets using experts’ opinions and analysis. Here, we discuss the future prices of Zcash and if it is worth investing in.
How much is Zcash worth?
Today’s Zcash price is $37.72 with a 24-hour trading volume of $44,533,830. Zcash is up 6.90% in the last 24 hours. The current CoinMarketCap ranking is #74, with a live market cap of $615,823,374 USD. It has a circulating supply of 16,328,269 ZEC coins and a max. supply of 21,000,000 ZEC coins.
Read also:
- ZEC price has increased 20% in the last 24 hours
- ZEC price analysis: ZCash breaches resistance at $147.6, turns bullish
What is Zcash?
Zcash is not your popular digital asset, and unless you are looking for it, you are unlikely to come across a piece of news about its price. That is why it is necessary to explain what it is all about before examining its price prediction.
ZEC coin was introduced as a digital currency with its first mining in October 2016. But development started as far back as 2013. It was led by Matthew Green – the John Hopkins professor – and some graduate students. Later on, the Zcash Company, led by Zooko Wilcox, will complete the work with over $3 million raised from venture capitalists.
The initial hype surrounding the digital asset was very high. Within a week of its first mining, a token was already worth $5000. Zcash was developed using the Bitcoin codebase, so it is not surprising that it is similar to bitcoin in many ways. For example, it has a maximum supply of 21 million tokens too.
However, what Zcash uses as a unique selling point is the anonymity of transactions. According to the creators, the privacy of transactions on Zcash is exceptional. While it also posts transaction data on a public blockchain, there is an option for confidentiality.
This option comes in the form of a shielded transaction that makes it possible to have financial privacy. It integrates Zero-knowledge proof, a feature that makes it possible to verify transactions without knowing how much is sent, the recipient, or the sender. This feature is an optional one as transparent transactions are also very possible. It is also possible to have selective disclosure where users can determine which transaction details they wish to make public or share.
The Zcash Company changed its name to Electric Coin Company in 2019. It did this, claiming its official name has always been Zerocoin Electric Coin Company, which is now known as ECC.
Although the creators have said the privacy features of the currency are not designed for illegal activities, the privacy features continue to be investigated. In a paper titled Alt-Coin Traceability, released in May 2020, it remains questionable whether Zcash is as private as it claims to be. Recently, ECC announced plans to donate all the company shares to a non-profit organization known as the Bootstrap Project.
According to the creators, Zcash is built on rigorous science. The tokens fall into either the shielded pool or transparent pool. Observations show that most users do not use the privacy options available on the network. It is why it is regarded as a privacy coin.
ZEC addresses are of two types – the T-addresses and the Z-addresses. The T-addresses are transparent, while the Z-addresses are private. Beyond the privacy of Zcash, another significant feature is its fast transactions that attract very low fees.
The man behind ZCash, Zooko Wilcox, was also in close contact with Satoshi Nakamoto and who also wrote the first blog on Bitcoin that was embedded into the Bitcoin.org website. He claims that it is time for the project to move from the Proof of Stake consensus.
Factors influencing Zcash Price
Volatility is a dominant feature of digital assets. However, this volatility doesn’t just happen; it is motivated by certain variables. Identifying and observing these variables will help in predicting the prices.
The factors could be external or internal. For Zcash, here are the factors motivating its prices
- Demand and supply
Nothing affects any market like demand and supply. The effect is visible for a digital asset like Zcash with a limited supply. These two factors work hand in hand to determine the worth of Zcash.
However, demand and supply are influenced by other factors. Thus, it can be seen as an overarching factor. It is important to study and pay attention to demand and supply, especially when you are investing.
When more people are looking to buy than sell, the price will increase and vice versa. Ironically, the higher the price, the more interested people are in buying, and the more people want to hold.
- Investor confidence and social buzz
The public or media attention on a crypto asset usually affects its price. An easy way of seeing this is with Dogecoin, which increased in value solely on the back of internet mentions and tweets.
The logical explanation is that the more people talk about it, the more they are interested. Cryptocurrencies have thrived on social buzz, which spikes investors’ interest and confidence.
Zcash’s entry into the market represents a textbook example of this. The expectations and excitement were incredibly high. In the end, it influenced the price massively.
- Halving
Halving is a phenomenon that applies to cryptocurrencies that are mined. It means that the reward for mining would be slashed by half every four years to control inflation and the total units in circulation.
The first halving for Zcash happened in November 2020. Generally, halving increases price as the supply will decrease with Bitcoin on multiple occasions.
Zcash’s first halving also experienced something similar as the price increased from $61.50 to $76.39 between November 9 and 23.
- Technological improvements
Another factor that influences the price is the updates of the underlying technology for the cryptocurrency. It has been observed that even the mere announcement of future updates could drive the price up.
- Adoption
Closely related to social buzz is adoption. One factor that has continued to increase the price of Bitcoin is its adoption. The price increases as more investors, especially institutional ones, get involved.
An increase in demand also increases the confidence that many investors will get from such adoption. Those who are not already invested too will want to get involved to avoid missing out.
Zcash Price History
When Zcash was first launched in 2016, it garnered attention which worked in its favor. Within the first few weeks, it reached an incredibly high price of around $6000. But this didn’t last long. It fell drastically to stabilize at between $40 and $70. The price of Zcash has always fluctuated; for instance, it was worth about $900 in 2018.
To understand a cryptocurrency’s price history, one needs to know the factors that influence the increase in value. Generally, the excitement of its launch and similarities with Bitcoin must have helped it achieve an incredibly high value during its launch.
After that, the token would have a quiet year till May 2017. The developers partnered with JP Morgan to introduce Zcash privacy technology to the JP Morgan blockchain platform this year. The partnership led to a spike in price, with Zcash trading for about $400 by June of that year. Its market value also increased and entered the top ten cryptocurrencies through market capitalization. The price later returned to its regular value of below a hundred.
In 2018, the price increased again thanks to the crypto boom that started in late 2017. The price increased to about $900, but this didn’t last long. With the end of the crypto boom also came a fall in the currency’s value. In June 2018, it rose above $100 again.
It took until February 2020 for the price to increase again, thanks to the efforts of crypto bulls. By August, it has again managed to cross the $100 mark. It will later drop in value but maintain stability at a level above its previous lows.
Throughout this period, the ZEC protocol has improved tremendously. However, the first halving in 2020 significantly affects the price, just like it does with other cryptocurrencies.
After exponential 2021, the worth of Zcash crashed in the past 12 months. The coin presently trades at $54, despite having topped $300 in November 2021. Zcash has fallen by 18% within the final 7 days. The declines are throughout the board in crypto. The decline of Zcash means that privateness cash nonetheless has the potential to rise again.
Zcash Technical Analysis
First, the 14-day Relative Strength Index (RSI) for the asset is currently at 47.60, which is close to the midpoint of the RSI range of 0 to 100. This suggests that there is neither strong buying nor selling pressure in the short-term for the asset.
The current price of the asset is $34.25, which is below both the 50-day and 200-day Simple Moving Averages (SMA). The 50-day SMA is at $41.98, indicating that the asset’s short-term trend is currently bearish. Similarly, the 200-day SMA is at $46.69, also suggesting a bearish long-term trend.
The sentiment for the asset is currently bearish, with the Fear and Greed Index (F&G Index) at 18.16, indicating extreme fear among investors. This typically implies that there may be overselling and may present a buying opportunity for long-term investors.
Considering all these indicators, it appears that the asset is in a bearish trend both in the short and long-term. However, the sentiment suggests that there may be an opportunity for long-term investors who are willing to take on the risk of buying during periods of extreme fear. Traders may want to wait for further confirmation of a trend reversal before considering any long positions. Additionally, it may be worth monitoring the RSI closely, as a move towards oversold levels (below 30) could suggest a buying opportunity for short-term traders.
Zcash Price Predictions by Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2023 | 48.08 | 49.92 | 56.95 |
| 2024 | 67.77 | 69.77 | 82.97 |
| 2025 | 96.62 | 99.41 | 117.53 |
| 2026 | 149.11 | 153.09 | 169.81 |
| 2027 | 212.06 | 218.19 | 259.48 |
| 2028 | 311.38 | 320.11 | 373.74 |
| 2029 | 435.71 | 451.72 | 530.920 |
| 2030 | 633.650 | 656.240 | 761.370 |
| 2031 | 974.670 | 1000.920 | 1110.930 |
| 2032 | 1471.790 | 1511.820 | 1696.160 |
Zcash (ZEC) Price Prediction 2023
Our Zcash price prediction for 2023 expects the token to reach a maximum price of $56.95, a minimum of $48.08, and an average market value of $75.61. A Zcash bullish market is likely to occur because of its endearing network properties, which continue to attract numbers of crypto enthusiasts. These properties include minimal transaction fees, strong privacy, faster processing speed, etc.
Zcash (ZEC) Price Prediction 2024
By 2023, our price predictions indicate ZEC would have a maximum price of $82.97 and an average price of $69.77. The expected minimum market value is $67.77. These price levels can result from Zcash developers – the Electric Coin Company(ECC) – securing partnerships and endorsements that boost the token’s adoption.
Zcash Price Prediction 2025
In 2025, Zcash could continue its strong trend from the previous year to reach a maximum price of $117.53 and a minimum value of $96.62. The predicted average market price for 2025 is $99.41, representing a 174.08% gain on the current market price.
Zcash (ZEC) Price Prediction 2026
Our Zcash (ZEC) price prediction for 2026 expects the token to reach a maximum price of $169.81, an average price of $153.09, and a minimum price of $149.11.
Zcash Price Prediction 2027
In 2027, we predict Zcash to trade at an average price of $218.19, with the potential to go as high as $259.48. Traders can anticipate the coin’s support to consolidate at $212.06. This predicted rise in value could be aided by the Zcash developers launching new blockchain products that proliferate the adoption of the token.
Zcash Price Prediction 2028
According to our Zcash price prediction for 2028, ZEC is expected to have a bull market, resulting in a maximum market price of $373.7, an average trading price of $320.11 and a minimum price of $311.38
Zcash Price Prediction 2029
By 2029, Zcash could trade well above $500, reaching a maximum value of $530.92. The token is expected to have a minimum price of $435.71 and an average value of $451.72.
Zcash Price Prediction 2030
By 2030, the ZEC market is expected to witness a continuous uptrend leading to a maximum market price of $761.37 and a minimum price of $633.65. During the year, we expect an average trading value of $656.24. If Zcash can attract more investments, coupled with a booming crypto market, ZEC could witness more widespread adoption, thus leading to much higher price points.
Zcash Price Prediction 2031
By 2031, we forecast Zcash to have made significant gains in value, trading at an average price of $1,000.92 and a minimum value of $974.67. With a positive outlook in the overall cryptocurrency market, ZEC could attain a maximum price of $1,110.93, trading at about 31x the current market price.
Zcash Price Prediction 2032
According to our analysis, traders could expect Zcash market prices to trade at a maximum price of $1,696.16, a minimum value of $1,471.79 and an average price of $1,511.82.
ZEC Price Prediction by Technewsleader
Technewleader’s Zcash price forecast suggests the cryptocurrency is primed for substantial growth in the coming years. They predict ZEC might reach a maximum price of $53.75 in 2023, with a projected price range of $67.88 to $80.66 for the following year, 2024.
According to Technewleader, ZEC’s valuation is expected to experience a significant uptick in 2025, with the cryptocurrency’s trading price ranging from a minimum of $101.25 to a maximum of $121.15. They also project that if the current upward trend continues, ZEC’s value could reach a maximum trading price of $258.04 by 2027. Looking towards 2032, Technewleader’s forecast for ZEC’s price range spans from $1,605.82 to $1,815.42.
ZEC Price Prediction by Wallet Investor
Wallet Investor’s technical analysis and cryptocurrency price prediction algorithm suggest that Zcash (ZEC) may not be a favorable long-term investment option. Based on their projections, there is a possibility that the price of ZEC could decline substantially by up to 89.64% by 2024, falling to a market value of 3.758 USD.
ZEC Price Prediction by DigitalCoinPrice
Digitalcoinprice’s analysis projects significant growth for Zcash (ZEC) in the next decade. ZEC’s maximum price is expected to reach $75.85 in 2023, followed by projected maximum prices of $121.01 in 2025 and $158.01 in 2026. By 2027, the average price of ZEC is expected to be around $153.29 with a high of $158.01. The forecast suggests ZEC could reach a maximum price of $257.36 and a minimum price of $232.82 by 2029, representing a considerable increase in value. By 2032, ZEC may surpass the $600 mark, potentially reaching a maximum price of $671.11.
Zcash Price Prediction by Industry Experts
Barry Silbert
Conclusion
Long-term gains on Zcash are possible, and algorithmic analysts anticipate that it will increase. However, cryptocurrency assets are quite erratic; hence the need to approach the market with caution.
Due to the high level of privacy and anonymity that Zcash offers, its vast community of users is bound to keep growing as the demand for privacy-oriented token grows. Recently, Bitcoin of America, the fourth biggest crypto ATM provider in the U.S., added Zcash to its list of accessible cryptocurrencies, the reason being the “increase in popularity” of the digital coin.
We expect the interest in the Zcash Network to skyrocket in the coming years, thereby making its token a favorable investment tool in the long term. Price predictions are a good place to start when investing, but it is important to know that the market can change anytime. The market’s volatility means it is important to stay up-to-date if you’re planning to invest. Look also at how to mine Zcash.
Please be aware that forecasters utilize algorithms to anticipate the price of ZEC. They are helpful as a general reference, but they are not actual financial advice. So, it is highly advised to do your own research and seek professional investment advice, to identify if this will be a good investment or not.
In the end, it all boils down to taking calculated risks. You can study the forces that influence prices and study the market before making the final decision.
Please make sure to check out other coins, wallets, mining, how to, and where to buy them using our GUIDES.
