Zcash Price Prediction: Introduction
Zcash (ZEC) was among the first cryptocurrencies that offered a higher level of privacy to the crypto community. Unlike other crypto coins, mostly pseudonymous, Zcash claims to be the most private and anonymous. Zcash has been around for over five years in the industry, and there are currently over 13 million ZEC in circulation worldwide. Continue reading this Zcash price prediction article to gain more information about the cryptocurrency.
At the time of writing (February 24, 2022), Zcash was ranked 64th in the list of CoinMarketCap, based on market cap.
Zcash Price History
Zcash (ZEC) began the year 2020 with a market capitalisation of $234,134,910 and a price of $28.05. Its value grew to $63.99 at the end of December 2020, with a market capitalisation of $691,772,359. The year’s peak was $93.95, which occurred in August 08.
At the start of 2021, Zcash (ZEC) price was $56.79, which was evidently higher than its starting value in 2020. Its price then increased to $146.56 by the end of December 2021. Its recorded volume and market capitalisation at that time were $255,221,786 and $1,967,453,776 respectively. The highest price it reached last year was $370.14, dated May 12.
Zcash Price Today
The Zcash price today is $87.49, with a volume of $246,340,064 and a market capitalisation of $1,208,672,788.
What Does The Future Hold For Zcash?
Many people have already seen Zcash’s potential, which can increase the market’s demand, thus increasing the price. But since cryptocurrencies are highly volatile, predicting a coin’s price wouldn’t always be an easy task for everyone.
We gathered several Zcash price predictions from different crypto analysts to help you assess how high the ZEC price could be in the future. For a quick compilation, here are the predicted price from different sources:
- Price Prediction: $2,426.35
- Digital Coin Price: $458.88
- Coin Price Forecast: $285.19
#1 Price Prediction
Zcash is shown to be a promising investment option, according to Price Prediction. According to the Price Prediction analysts, the future price of Zcash will rise to a maximum price of $2,871.38 in 2030. The predicted average price is $2,426.35, and the minimum price is $2,338.70.
#2 Digital Coin Price
Maybe Price Prediction was too optimistic about their Zcash price forecast. Digital Coin Price seems to be in the same light, but not at the same level. According to the Digital Coin Price analysts, the starting value of ZEC in 2030 would be $470.82. However, it would decrease slightly at an average price of $458.88.
#3 Coin Price Forecast
Coin Price Forecast has predicted the ZEC price at a value that seems quite close to the current price compared to our first two analysts. According to the Coin Price Forecast analysts, Zcash price will hit $271.61 during the mid-year of 2030, and $285.19 at the year-end.
Who founded Zcash?
Zooko Wilcox-O’Hearn was the one who led the Zcash launch in 2016. He’s described as a cypherpunk, a computer security specialist, and an entrepreneur. He’s also the CEO of the for-profit Electric Coin Company (ECC), which oversees Zcash’s growth.
Zcash Price Prediction: Key Features
“How far has Zcash progressed?“
Aside from what we have mentioned above, there are still many features that you will love once you begin trading or investing in this coin. For today’s essential question, here’s a list of the answers we found for today’s crucial question:
Low Transaction Fees
With a cost of.0001 Zcash, Zcash allows more scalable transactions.
Transaction Privacy
You already know about shield addresses and transparent addresses. Transactions between shielded addresses do not expose either the address, the transaction value, or the contents of the encrypted note field. Meanwhile, transparent addresses have the same function as Bitcoin.
Viewing Keys
The user can disclose all incoming transactions and the memo field, but only if identifiable information is contained in the field.
Multi-signature Procedure
This transaction implies that two or more parties must agree on the transaction before cash is transmitted. Multi-signature transactions, on the other hand, are transparent and cannot be hidden.
Zcash Price Prediction: What Do Experts Say?
While privacy coins are known for their feature of allowing anonymous trading, these coins are also targeted by unauthorised individuals for illegal purposes.
Zcash is not the only privacy coin in the market. However, this coin could still stand out from the other coins, allowing privacy while discouraging criminal elements.
“This privacy coin, featuring zk-SNARKs, could get a lot of momentum. But what separates Zcash from other people? Well, Zcash has a huge amount of regular people using it, not just criminals or speculators.” – BitBoy Crypto
And to learn more about the history, features, and innovation of the coin, watch this interview with Zooko Wilcox, CEO of Electric Coin Company:
What Are The Pros Of Investing In Zcash?
Zcash Is Highly Secured
ZCash employs the zk-SNARK zero-knowledge proof tech for security. This technology enables network nodes to validate transactions without providing any sensitive transaction data.
Zcash Is Scientifically-Based
The development team behind Zcash was motivated by scientific curiosity and a desire to help humanity rather than profit.
Zcash Is Available On Most Trading Platforms
Along with Bitcoin (BTC) and Ethereum (ETH), Zcash (ZEC) is one of the most popular cryptocurrencies. As a result, it can be found on almost all major cryptocurrency exchanges or trading platforms. It has also fared admirably thus far, owing to increased cryptocurrency demand. As a result, it makes sense to invest in this cryptocurrency today to benefit afterwards.
Zcash Is Highly Volatile
Zcash, like the rest of the crypto market, is extremely volatile, and its ups and downs may be profitable. Volatility is not only seen as a huge risk, but it also contributes to the excitement and profitability of any asset.
Zcash Is Already A Well-Established, Reliable Coin In The Crypto Market
Thanks to its innovative features, Zcash has effortlessly addressed confidentiality concerns. On Zcash, you never have to worry about your transactions is disclosed. This is beneficial since it makes transmitting money using Zcash more comfortable. Zcash’s popularity will rise as more people learn about the anonymity it offers. This will significantly impact its long-term growth, making it excellent crypto to buy in right now.
Is Zcash Perfect For My Investment Portfolio?
One of the most common tips in crypto trading and investment is, “Do not stick to only one or two cryptocurrencies.” In short, we call this portfolio diversification. We introduced the coin’s best-selling points earlier: privacy and anonymity. Zcash is one of the most innovative blockchains in the industry since it offers two types of addresses, such as shielded addresses and transparent addresses.
Its innovation is one of the reasons why you should consider including ZCash in your portfolio. It would be best to think about the future benefits it holds because of seemingly good returns. ZCash is undervalued, and given its limited supply, scarcity is a distinct possibility.
Where To Buy Zcash?
Zcash (ZEC) is available on different trading platforms, such as eToro, Binance, OKEx, and many more.
Zcash Price Prediction Final Thoughts
Zcash is ideal for individuals who want the convenience of cryptocurrencies like Bitcoin but want more privacy. It is a recommended coin to acquire right now, based on the aforementioned characteristics. It is reasonably priced and readily available.
Now, if the information provided has motivated you to start investing in Zcash (ZEC), you can visit eToro, or other crypto exchanges you may know, and begin your trading experience.
Disclaimers on our Zcash Price Prediction
References and research guide the content displayed on our website. All views expressed should not be considered investment advice. Predicting the Zcash coin’s future price is not always accurate, so do your own research on technical and fundamental analyses. When trading cryptocurrencies, it is essential to keep your emotions in check. You should only trade in digital assets if you are fully aware of the risks. If necessary, consult a financial expert before making investment decisions.
CFD Trading Disclaimer
The Financial Conduct Authority (FCA) has restricted cryptocurrency CFD sales, promotion, and distribution. Using direct marketing materials to advertise cryptocurrency-based CFDs and other financial products to UK customers is illegal, according to PS20/10.