In this guide, we will voice our own and market’s opinion on ZEC future while discussing Zcash price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Zcash.
Now, let’s head into it. Before we delve deep into the Zcash price prediction and answer questions if ZEC is a good investment or not, why will ZEC succeed or fail or why will Zcash price rise or drop, let’s quickly throw a glance at what is ZEC and its to date history.
Our ZEC price forecast suggests the token price will be around $17.44 in the next 90 days.
👉 Zcash Price Prediction 2024
Our ZEC price forecast suggests the token price will be around $70.13 in 2024.
👉 Zcash Price Prediction 2025
We predict the Zcash price to hover around $90.64 in 2025 based on our analysis.
👉 Zcash Price Prediction 2026
In 2026, we expect the Zcash price to be approximately $113.89 according to our price prediction model.
👉 Zcash Price Prediction 2027
Our ZEC prediction indicates the token price will be in the vicinity of $141.09 in 2027.
👉 Zcash Price Prediction 2028
For 2028, we forecast the ZEC price to be around $168.28 given current trends.
👉 Zcash Price Prediction 2029
Looking ahead to 2029, we estimate the Zcash price will settle around $195.47.
👉 Zcash Price Prediction 2030
Our ZEC price prediction suggests a token price of about $194.88 by 2030 based on projected growth.
What you'll learn 👉
What is ZCash (ZEC)?
Zcash (ZEC) is an open source decentralized cryptocurrency that guarantees privacy and selective transparency of transactions. Zcash’s coin payments are posted on a public blockchain, but the sender, recipient, and transfer amount details are confidential.
Created in 2013, Zcash, previously known as “Zerocoin”, was initially suggested as an experimental privacy extension to Bitcoin using advanced mathematical techniques called “zero-knowledge proofs”. Due to the Zerocoin protocol’s novelty and computational intensity, however, Bitcoin core developers deemed it impractical for implementation into the Bitcoin protocol. Subsequently, with additional improvements to the protocol that resulted in substantially more efficient zero knowledge proofs, Zerocoin’s founding scientists from John Hopkins in collaboration with researchers from MIT and Tel Aviv University created a new protocol called “Zerocash” (Zcash).
How does Zcash work?
*zk-SNARKS *– Zcash uses a form of zero-knowledge proofs known as ‘Zero-Knowledge Succinct Non-Interactive Argument of Knowledge’. Yes, bit of a mouthful. Thankfully, it is frequently shorted zk-SNARKS within the crypto community.
zk-SNARKS check to make sure that the conditions for a valid transaction are met, without checking private, or confidential, information. They enable a user to prove he has the correct money and authorisation, without having to actually show it. Wax seals were used for messagers to know letters were authentic without having to actually open and check. zk-Snarks works in the same way.
ZEC Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will ZEC develop in the short-term (for the next 90 days), according to our prediction model:
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Zcash Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
ZEC Price Prediction 2025 – 2030 – 2040
Our prediction model sees ZEC reaching new highs in 2025:
$90.64ZEC price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Market Price Predictions
- LiteFinance forecasts ZEC’s price to hit a maximum of $182.55 in 2029 and $251.94 in 2030.
- CryptoGround estimates ZEC’s price at $134.41 in 2025 and approximately $202.13 in 2026.
- DigitalCoin anticipates ZEC’s price to start rising in 2024, reaching $83.25 by early 2025.
- Coin Data Flow expects a ZEC uptrend post a long-term sideways trend in 2024, with prices rising to $41.31 in December 2024 and aiming for $113.04 by the end of 2025.
- WalletInvestor predicts a potential drop in ZEC’s price to a minimum of $3.75 in 2026.
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