Price Prediction

Zcash Price Prediction: Will ZEC Price Hit $1K By The End Of 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jan 12, 2022

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Zcash is a decentralized and open-source cryptocurrency that offers transparency and privacy of transactions. It aims to provide anonymity for the users and transactions. The Platform intends to offer privacy at high standards.

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Zcash initiated the trade well, yet, woefully the bears overtook the market. However, in the present scenario, the price is showcasing a sense of recovery and hence one can think of investing some portion in it.

Yet, many fear looking at the Zcash price chart since inception, therefore want to know how will the asset perform in the coming days or years. Are you one among them?

Then this piece of writing is for you. This article is meant to provide detailed Zcash price prediction for 2022 and beyond. You will have a clear picture at the end of whether the ZEC Price rises or crashes.

Overview

CryptocurrencyZcash
TokenZEC
Price$ 89.6300
Market cap$ 1,085,773,146.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All time high$ 3,191.9300     October 29, 2016
All time low$ 19.7500     March 13, 2020

What is Zcash (ZEC)?

Zcash is a cryptocurrency that strived to use cryptography for the enhancement of privacy of its users and is based on Bitcoin’s codebase. It aims to provide two types of transactions i.e. transparent and shielded. Transparent transactions are those which make the visible public data on the blockchain and shielded are those which does not reveal the data. 

Besides, Zcash transactions would be broadcasted through a public blockchain. Unlike other cryptocurrency projects, ZEC transactions absolutely in no way disclose the information on sent and received addresses. However, this enables the ecosystem to facilitate its traders the right to privacy whilst still enjoying the benefits of permissionless and decentralized digital currency. 

Fundamental Analysis: 

Zcash was launched in 2016 by a cypherpunk, Zooko Wilcox-O’Hearn. He has accumulated a great knowledge of computer security before commencing with the launch. Further, he launched a for-profit Electronic Coin Company (ECC) to ensure faster development of Zcash.

He had accumulated a great knowledge of cryptography and data security for more than 25 years. With his knowledge, he assisted on numerous projects, including DigiCash, a now-defunct electronic money firm, and Mojo Nation, a peer-to-peer data storing software. In addition, he introduced a tech firm called Least Authority Enterprises to ensure maximum digital security and safeguard the fundamental right to anonymity.

The platform has successfully launched an Overwinter to ensure execution of proper transparent transactions and an additional feature of transaction expiry in June 2018. In December 2019, the Zcash platform introduced the Blossom upgrade that would reduce block times in half to around 75 seconds. 

Further, the ecosystem has rolled out two important upgrades. Whilst in April 2020, it launched a Heartwood to ensure secure interoperability via Flyclient support and facilitate miners the choice to quickly shield mining commissions in Coinbase transactions. In November, it released a Canopy.  

Zcash Price Prediction 2022

ZEC price started the year on a bearish note as there was massive sell-off pressure built around the $169.91 price range. However, the asset has managed to break around the $132.98 base level bouncing to local highs of $137.56 at the press time. As there is the possibility of death cross in the next couple of days, ZEC price would further plunge down to around $125. However, as the asset is already trading at a multi-month low, bulls are expected to take over the market to push the price above $175 in the next supercycle.  

The coin might likely rise with certain inbound developments and enhanced trade facilities. It might facilitate the need of the users and the investors. By the end of 2022, Zcash might be traded at a high price of $200. If tapering US interest rates hurt the price action or surge in negative sentiment would pull down the price to $168.866. 

Zcash Price Prediction 2023

Managing the tandem with the bullish moves, there are hopes of Zcash price to take a massive upswing in 2023. It is expected to claim values in the range between $275 and $300 in 2023. However, there is a forecasted eventuality of Zcash price incurring a loss up to $205.56 in case of negative sentiments. 

Zcash 5 Years Price Prediction

In the next 5 years, Zcash might compete with the most popular currency Bitcoin as it is based on its codebase and offers more reliability than BTC. The altcoin might accredit more investors as it aims to render anonymity. It could be listed among the top 30 currencies. It might focus on certain partnerships to strengthen its blockchain infrastructure. By the end of 5 years, the highest ZEC value is anticipated to be $450.

Zcash Market Prediction

Walletinvestor:

According to the wallet investor, they believe the Zcash (ZEC) price might rule the Metaspace and may easily hit a maximum of  $472.8. The minimum price is $0.000001 and the average price would be $225.492 by the end of 2022. They anticipate that the price may hit the milestone of $1330.39, the average ZEC price is expected to smash $417.3. On a bearish note, the token would plummet to $0.000001 by 2025. 

Gov.Capital:

Gov. capital has revised their prediction for the  Zcash price, they expect tokens to hit a maximum of $124.150. On the contrary, they believe, trend reversals in the market would plummet the price to $91.65. And with average buy and sell pressures it would end up trading at $107.64. The website has also made a prediction in the long term, they expect the price to surge maximum of $122.45. The average and minimum probabilities is being $106.48 and $90.51 respectively by the end of 2025. 

Digitalcoinprice:

Digitalcoinprice revised its price prediction on Zcash. According to them the price will reach $192.94 by 2022 and rally further to cross $240.12 by the end of 2024. By the end of 2025, the price may hit $306.61.

Historic Zcash Price Analysis:

2016

Zcash made an entity in the crypto market with an all-time high of $5941.80 on 29 October 2016 according to Coinmarketcap. Surprisingly, the currency declined to $929.08 within a few days and further the price continued to drop. As the Zcash lost its trade balance, the coin dramatically plunged to $48.90 by December to close the year 2016.

2017

On a bearish note, ZEC entered the year 2017 with a price of $49.54. Significantly, the coin sank to $26.39 by February due to the massive selling pressure and later recovered to hit $408.31 by mid-June. Later, the currency consolidated between $165.18 and $362.36 till the end of November. Effectively, ZEC escalated to $676.69 in mid-December and further declined to $520.67 at the end of December 2018.

2018

Zcash opened in the year 2018 with a trading value of $597.60. Efficiently, the price hit $741.03 as a part of increased demand for the currency and drastically slid to $347.54 by early February and recovered to $477.92 within several days. Zcash again started a downward trend by declining to $180.24 in April. As the bears were rallying to pull the price down, ZEC closed the year 2018 at a low price of $62.59.

2019

Zcash started the year 2019 at a lower value of $56.35. Later with certain price inequalities, ZEC hit $113.29 by the end of June. The digital currency failed to be stable and the price continued to drop. The coin arrived at a low value of $27.96 by December to end the year’s trade.

2020

The year 2020 began on a bearish note with a low cost of $27.65. Later with several price indifferences, the price dramatically surged to $70.85 by early February and surprisingly plunged to $25.22 by mid-March as the crash of crypto market due to Covid-19. ZEC continued to recover after hitting $94.39 in August. Further with price variations, Zcash dropped to $63.48 by December to conclude the year 2020.

2021

The Zcash (ZEC) price has made a rapid move during the bull cycle of early 2021. The asset commenced the year with a steady rally starting from $59.6 in January to reaching $310 by May 5th. Just within a span of four to five months the asset has managed to claim more than 500% gains. However, the Chinese market crisis did hurt the ZEC price action, where the project has lost more than $250 plummeting to $95 by the end of July. 

The second half was quite bland for the altcoin, where the asset failed to reach the expected target. The price has managed to rise up to $250 in November, however, bearish dominance in December plummeted the price back to $150 ranges. 

Our Zcash Price Prediction

Zcash might be considered to be the most needed currency as it intends to offer high security and privacy. It might acquire more investors and users as it enables two types of transactions. ZEC’s market capitalization could increase as it is the season of privacy coins. By the end of 2022, Zcash’s value might hit as high as $257.58.

According to Coinpedia’s formulated Cosmos price prediction, if the network launched upgrades in order to boost security, privacy, and other features to benefit the traders,  the price may easily surpass the $280 mark by 2022.

If the network fails to execute its plan, then the price can flip into a bearish trap and dip below $200. Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2022 would be around $275.

YearPotential HighPotential Low
2022$275$198.69
2023$357.26$255.65
2025$500$306.82

FAQ

Can Zcash be mined?

Yes, Zcash is a mineable cryptocurrency.

What makes Zcash a unique currency?

Zcash is a unique currency as it offers two types of transactions such as transparent and shielded. Also the coin started its journey with an All-time-High.

Which is the algorithm used by Zcash?

Zcash uses the algorithm called Equihash.

Why was the Zcash expensive at the time of launch?

Due to low supply and the slow start of mining rewards, Zcash was expensive.

Where to trade Zcash?

Zcash can be traded at the popular exchanges like Binance, HitBTC, OKEx, Huobi Global and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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