The popularity of cryptocurrencies is on the rise despite regulatory restrictions. Apart from well-known digital assets such as Bitcoin, Ethereum, and Litecoin, there are others attracting investors’ attention. One of them is ZEC, which has great potential to be profitable in the long run.
Zcash is a popular digital token known for its strong privacy features. It was created on October 28, 2016, and operates using blockchain technology with open-source code. With a market capitalization of $238.5 million and a maximum total supply of 21 million coins, Zcash is considered a promising digital asset.
Although Zcash is based on the Bitcoin framework, its value differs significantly. The BTC price exceeds $69,000, while the ZEC coin is valued at just above $25.
The article covers the following subjects:
Highlights and Key Points
- As of 26.08.2024, the price of a ZCash coin is $40.48;
- ZCash will likely trade around $25 – $30 after April 2024 and may reach around $65 by the end of the year;
- In 2025, ZCash will reach the average price of $70, indicating bullish movement;
- By 2030, the token will breach $300, settling at $360.90;
- The key advantages of Zcash are low-rate transactions, the anonymity of users and transactions, the possibility of disclosing payment data to a third party, transaction expiration, and multiple signatures for transactions;
- The main factor in the development of ZEC is privacy. The cryptocurrency demonstrates a high degree of confidentiality, which distinguishes it from most digital assets.
- ZECUSD: the wave analysis shows the ZECUSD pair may rise in the final sub-wave 5 during the week. One may open long trades at the current level with the target of 48.00.
Zcash Price Today
ZEC’s price today, 26.08.2024, is $40.48.
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Weekly Elliott wave ZCash analysis as of 26.08.2024
On the daily chart, the asset has completed the large motive wave Y, which has taken the shape of a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The recent section of the chart shows an emerging bullish trend. Most likely, the ZECUSD pair will form an impulse wave [1]-[2]-[3]-[4]-[5]. Let’s analyze this wave on the H4 time frame.
The first impulse wave [1] is nearing the end within the bullish trend. The sub-wave (5) may finish soon, and the price will likely reverse. Bearish correction [2] is expected to unfold, retracing 50% of the impulse wave [1]. Therefore, ZEC quotes may climb to 48.00. At this level, the sub-wave (5) will retrace 138.2% of the impulse wave (3), according to the Fibonacci indicator.
Weekly ZECUSD trading plan:
Buy 42.26, TP 48.00
ZECUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.
Zcash Price Forecast for 2024 — Experts Predictions
The Zcash price is highly dependent on news and many other factors, such as the use of cryptocurrencies in various fields or regulatory decisions. Therefore, it is quite challenging to predict the value of the coin. The predictions below will allow you to determine whether Zcash is expected to grow in the second half of 2024 or whether its price will fall to its lows.
Сhangelly
Price range in 2024: $24.37 – $28.06 (as for August 6, 2024)
According to Сhangelly, Zcash will decline in 2024. In the fall, the price is expected to recover slightly upwards, but in December it will drop to $25.78. The forecast projects the highest price going down to $26.64, while the lowest price will likely drop to $25.10, suggesting a bearish outlook.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
August | 25.60 | 26.83 | 28.06 |
September | 24.37 | 25.41 | 26.45 |
October | 25.22 | 25.62 | 26.02 |
November | 25.38 | 25.78 | 26.17 |
December | 25.10 | 25.78 | 26.46 |
PricePrediction
Price range in 2024: $28.42 – $38.22 (as for August 6, 2024)
PricePrediction projects Zcash to increase. The asset will grow steadily between August and December, reaching an average price of $35.01 at the end of the year. The lowest price will mostly be above $30, and the maximum price will reach above $38.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
August | 28.42 | 31.41 | 32.31 |
September | 30.86 | 32.35 | 33.56 |
October | 31.83 | 33.32 | 35.18 |
November | 32.83 | 34.32 | 36.85 |
December | 33.51 | 35.01 | 38.22 |
DigitalCoinPrice
Price range in 2024: $25.01 – $64.78 (as for August 6, 2024)
DigitalCoinPrice experts, after the questionably flat August (with the price freezing on $30.09), predict a sideways movement and high volatility for ZEC quotes. The lowest price will stand above $25, and the highest price will remain above $63 until the year-end. The average price will range between $29.30 and $51.13.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
August | 30.09 | 30.09 | 30.09 |
September | 26.76 | 46.24 | 64.76 |
October | 26.08 | 51.13 | 64.78 |
November | 25.01 | 29.30 | 63.80 |
December | 26.28 | 41.54 | 64.11 |
CoinDataFlow
Price range in 2024: $27.15 – $53.45 (as for August 6, 2024)
The CoinDataFlow forecast is quite optimistic. According to it, the ZEC coin in 2024 will be on a decline until September, entering an upward trend afterwards. At the end of November and in the beginning of December a new decline is predicted, but the price will quickly correct upwards and reach a new annual maximum of $53.45 by the year-end.
Year | Minimum, $ | Maximum, $ |
---|---|---|
2024 | 27.15 | 53.45 |
Zcash Technical Analysis
A weekly time frame shows the entire history of Zcash quotes since 2016.
At the very beginning, the price skyrocketed and then dropped. Afterward, the pair moved more steadily. A corrective trend has been forming for a long time and may end soon.
Let’s assess the price movement on the daily and 4-hour charts to conduct a comprehensive technical analysis. The use of additional tools and indicators will also be helpful:
- The Elliott Wave theory can help identify emerging patterns and predict future price movements.
- Trend lines offer insight into the prevailing price direction.
- Fibonacci retracement levels can determine potential pivot points.
- Candlestick patterns are useful in assessing market behavior and psychology, as well as in identifying potential price targets.
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ZECUSD Analysis For Next Three Months
Let’s examine the chart markup on the 4-hour time frame.
The chart shows the final part of the emerging corrective pattern. A large triple zigzag [W]-[X]-[Y]-[X]-[Z] is underway. The chart reveals the final part of this pattern. Its three waves [W]-[X]-[Y] are probably completed. The motive wave [Y] is a double zigzag (W)-(X)-(Y)-(X)-(Z).
The second linking wave [X] is forming as a double zigzag (W)-(X)-(Y). Its two parts, sub-waves (W) and (X), have been finished. The wave (Y) is developing.
The motive wave (Y) is expected to continue towards 49.98 as a zigzag during this month. In the next two months, the price may decline towards 24.04 within the initial part of the wave [Z], sub-waves (W) and (X).
Long-Term ZEC Technical Analysis for 2024
Let’s analyze the price movement in more detail on the 4-hour time frame.
The motive wave (Y), the final part of the linking wave [X], is underway. In the short term, the price may fall during a correction B to 27.18, retracing 38.2% of the impulse wave A. The price may start to rise at 27.18 within the impulse sub-wave C towards 48.91. At this level, the wave [X] will retrace 50% of the previous wave [Y] according to Fibonacci lines.
From the beginning of September, the initial part of the wave (W), the first motive wave within the large wave [Z], will unfold. The price may fall in the bearish impulse within the sub-wave A. By the end of the month, the quotes may decrease to 33.27. The price may drop further in October as impulse wave C will be underway. Its end is expected near 20.41. In the last week of October, the price may slightly grow to 27.41 within the sub-wave (X).
In the first half of November, the bearish wave (Y), the final one within the wave [Z], may develop. The price may collapse to 6.19 within this wave. At this mark, the wave [Z] will retrace 61.8% of the wave [Y] according to the Fibonacci lines, as shown on the daily time frame.
In the second half of November and in December, the initial part of a new bullish impulse, including sub-waves (1), (2) and the beginning of sub-wave (3), will form. The price may rise to 26.84.
Month | ZECUSD Projected Values | |
---|---|---|
Minimum, $ | Maximum, $ | |
August | 27.18 | 48.91 |
September | 33.27 | 48.91 |
October | 20.41 | 33.27 |
November | 6.19 | 27.41 |
December | 20.26 | 26.84 |
Long-Term Trading Plan for ZECUSD
Let’s make a trading plan for three months and to the end of the year based on the conducted analysis:
- Consider long trades after August 10, when correction B is finished. The price will grow within the impulse C to 48.91 until the end of the month.
- In September, the quotes will slide within the wave A. Thus, consider short trades with the target at 33.27.
- In October, short trades can be considered. The zigzag pattern will continue towards 20.41.
For long-term trading, consider long trades until the end of August. Consider short trades from the beginning of September until mid-November, with the target at the end of the motive wave [Z]. The trend may reverse at 6.19. If confirmed, one may consider long trades at the end of the year.
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Zcash Price Prediction 2025
Making long-term forecasts is a challenging task. Nevertheless, several platforms offered their outlooks for the ZEC exchange rate in 2025.
Сhangelly
Price range in 2025: $26.66 – $63.90 (as for August 6, 2024)
Сhangelly’s analysts provide an optimistic forecast for the Zcash price. In 2025, the asset will rise steadily every month without corrections. The average price will grow from $30.17 to $53.42, and the highest one will reach above $63.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 26.66 | 30.17 | 29.36 |
February | 28.96 | 32.29 | 32.50 |
March | 31.25 | 34.40 | 35.64 |
April | 33.55 | 36.51 | 38.78 |
May | 35.84 | 38.63 | 41.92 |
June | 38.14 | 40.74 | 45.06 |
July | 40.43 | 42.85 | 48.20 |
August | 42.72 | 44.97 | 51.34 |
September | 45.02 | 47.08 | 54.48 |
October | 47.31 | 49.19 | 57.62 |
November | 49.61 | 51.31 | 60.76 |
December | 51.90 | 53.42 | 63.90 |
PricePrediction
Price range in 2025: $33.61 – $59.26 (as for August 6, 2024)
PricePrediction experts offer a more moderate outlook. However, they still expect stable monthly growth. The yearly highest trade will reach $59.26, and the average price will grow to $50.37 from $36.76 in 12 months.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 33.61 | 36.76 | 37.81 |
February | 36.11 | 37.86 | 39.28 |
March | 36.87 | 38.62 | 40.79 |
April | 38.38 | 39.78 | 42.72 |
May | 39.62 | 41.37 | 44.71 |
June | 40.45 | 42.20 | 46.37 |
July | 42.13 | 43.88 | 48.06 |
August | 43.80 | 45.20 | 50.25 |
September | 45.26 | 47.01 | 52.51 |
October | 46.55 | 47.95 | 54.39 |
November | 47.64 | 49.39 | 56.79 |
December | 48.62 | 50.37 | 59.26 |
DigitalCoinPrice
Price range in 2025: $63.21 – $78.03 (as for August 6, 2024)
According to DigitalCoinPrice, the price of ZEC will decline in 2025 and reach $68.89 by the beginning of 2026. Experts note high volatility, with strong drops expected in March, May and July, while significant price hikes are anticipated in June and November.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 64.48 | 70.76 | 73.01 |
February | 64.26 | 69.27 | 76.38 |
March | 63.28 | 65.15 | 69.02 |
April | 63.91 | 67.99 | 68.86 |
May | 63.21 | 63.93 | 70.29 |
June | 64.54 | 70.50 | 75.94 |
July | 63.42 | 65.75 | 68.50 |
August | 63.24 | 67.28 | 68.79 |
September | 64.46 | 66.66 | 76.95 |
October | 63.46 | 65.36 | 66.99 |
November | 64.35 | 70.44 | 78.03 |
December | 63.93 | 68.89 | 69.89 |
CoinDataFlow
Price range in 2025: $47.94 – $143.83 (as for August 6, 2024)
According to CoinDataFlow, ZEC is expected to showcase a strong bullish trend. The yearly high will exceed $143. Meanwhile, the lowest price will trade above $47. Such a spread indicates the asset’s high volatility, which will certainly affect future performance.
Year | Minimum, $ | Maximum, $ |
---|---|---|
2025 | 47.94 | 143.83 |
Expert Analysis for ZEC Price in 2026
Let’s examine analyst forecasts for 2026.
Сhangelly
Price range in 2026: $53.95 – $90.25 (as for August 6, 2024)
Сhangelly analysts believe that the ZEC coin will start the year with an average price of $55.56. During the year, the average price will rise to $79.15. The yearly high will trade at $90.25. This indicates a strong bullish trend that started in 2024.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 53.95 | 55.56 | 66.10 |
February | 56 | 57.71 | 68.29 |
March | 58.05 | 59.85 | 70.49 |
April | 60.09 | 62 | 72.68 |
May | 62.14 | 64.14 | 74.88 |
June | 64.19 | 66.29 | 77.08 |
July | 66.24 | 68.43 | 79.27 |
August | 68.29 | 70.57 | 81.47 |
September | 70.34 | 72.72 | 83.66 |
October | 72.38 | 74.86 | 85.86 |
November | 74.43 | 77.01 | 88.05 |
December | 76.48 | 79.15 | 90.25 |
PricePrediction
Price range in 2026: $47.86 – $84.98 (as for August 6, 2024)
According to PricePrediction, the price of Zcash will reach $84.98 in 2026. They predict stable price movement without corrections and slowing down.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 47.86 | 52.89 | 54.40 |
February | 51.96 | 54.48 | 56.52 |
March | 53.05 | 55.57 | 58.70 |
April | 55.78 | 57.79 | 61.48 |
May | 56.93 | 58.95 | 64.37 |
June | 58.11 | 60.13 | 67.31 |
July | 60.52 | 62.53 | 70.32 |
August | 62.51 | 65.03 | 72.82 |
September | 64.32 | 66.33 | 76.07 |
October | 66.31 | 68.32 | 78.73 |
November | 67.85 | 70.37 | 81.46 |
December | 70.67 | 73.19 | 84.98 |
DigitalCoinPrice
Price range in 2026: $87.33 – $109.29 (as for August 6, 2024)
According to DigitalCoinPrice analysts, Zcash will experience high volatility in 2026. The price will rise and fall several times throughout the year. The average price is expected to fall to $89.91 in March and jump sharply to $103.03 in August. However, the general trend is bearish. In December, the price will be lower than in January.
Month | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
January | 87.74 | 95.14 | 109.29 |
February | 87.80 | 90.10 | 93.87 |
March | 87.33 | 89.91 | 94.62 |
April | 87.39 | 92.70 | 100.31 |
May | 88.15 | 88.93 | 98.05 |
June | 88.40 | 92.69 | 100.67 |
July | 87.95 | 101.41 | 103.90 |
August | 88.26 | 103.03 | 108.54 |
September | 87.92 | 101.17 | 108.00 |
October | 87.83 | 96.30 | 98.24 |
November | 87.40 | 95.60 | 98.62 |
December | 88.11 | 89.33 | 92.88 |
CoinDataFlow
Price range in 2026: $21.19 – $93.79 (as for August 6, 2024)
CoinDataFlow anticipates the Zcash value to decrease in 2026. The highest price will hit $93.79. The asset is expected to rapidly decline due to the volatility in 2025. At the same time, the projected range suggests that Zcash will remain unstable.
Year | Minimum, $ | Maximum, $ |
---|---|---|
2026 | 21.19 | 93.79 |
Recent Price History of ZEC
The chart below shows the real-time ZECUSD price movement. It is essential to evaluate historical data to make forecasts as accurate as possible.
The development of Zcash dates back to the creation of ZeroCash cryptographic protocol, which was supposed to become a supplement to Bitcoin. However, its modification resulted in the launch of a separate cryptocurrency Zcash.
Zcash is the first truly anonymous cryptocurrency. This allowed its price to rise to $6,000 at launch. However, later, it declined significantly. Over the years, the price of the ZEC coin has ranged from a few US dollars to several hundred US dollars.
Changes in the ZEC exchange rate strongly depend on news not only about the token itself but about cryptocurrencies in general. Events such as blockchain updates or new partnerships can lead to price spikes. For instance, when JPMorgan agreed to integrate privacy technology into the blockchain platform, the coin price surged. Additionally, the halving event in 2020, which reduced the mining speed of new coins, also significantly impacted the price.
Since the beginning of 2021, the Zcash exchange rate has grown, reaching the high of $369.31 on the back of the Dogecoin news. However, the rate later fell due to the ban on cryptocurrencies in China. A new uptrend began after Zcash’s management announced plans to develop the token, including the transition to a proof-of-stake consensus mechanism.
According to the Elliott wave analysis, in 2022, Zcash started to trade within a bearish corrective trend, which is still forming today. The trend takes the complex shape of a triple zigzag. The multi-year pattern will likely end in November.
Zcash Price Predictions 2027–2030
Although many analysts make long-term ZEC predictions, consider that they are approximate. As ZEC is one of the most highly volatile crypto assets, it is very difficult to predict its price accurately.
Changelly
Сhangelly experts remain confident in the bullish movement of ZEC prices. By the end of 2027, the average price of the coin will exceed $90. In 2030, it will trade above $300.
Year | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
2027 | 93.25 | 96.19 | 112.51 |
2028 | 133.90 | 137.75 | 161.67 |
2029 | 193.75 | 200.14 | 230.63 |
2030 | 284.38 | 294.39 | 331.20 |
PricePrediction
PricePrediction is also confident in Zcash’s growth. The token will reach $377.91 in 2030.
Year | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
2027 | 102.69 | 106.35 | 124.52 |
2028 | 146.21 | 151.52 | 178.92 |
2029 | 208.36 | 215.93 | 252.20 |
2030 | 296.10 | 304.74 | 360.90 |
DigitalCoinPrice
DigitalCoinPrice analysts believe that despite the pessimistic sentiment of 2025–2026, Zcash appreciation is possible. By early 2027, the average price will reach $127.74, and by 2030, it will hover near $212.93. The 2030 highest price is expected to trade at $218.45, and the lowest one — at $198.14.
Year | Minimum, $ | Average, $ | Maximum, $ |
---|---|---|---|
2027 | 115.66 | 130.87 | 138.27 |
2028 | 115.66 | 130.87 | 138.27 |
2029 | 142.87 | 152.09 | 162.17 |
2030 | 203.00 | 218.15 | 223.81 |
CoinDataFlow
According to CoinDataFlow‘s forecast, the ZEC rate will decline again in 2027. In 2028, Zcash is expected to increase, with the lowest price surging from $28.66 to $43.74 and the highest price exceeding the $130 mark. In 2029, the forecasts are even bolder. The asset will trade in the range of $114.38 – $311.71. However, in 2030, Zcash will sharply depreciate. The price will trade in the range of $46 – $155. The coin’s high volatility does not allow analysts to be sure that Zcash can be a good investment.
Year | Minimum, $ | Maximum, $ |
---|---|---|
2027 | 25.48 | 56.89 |
2028 | 38.90 | 118.60 |
2029 | 102.59 | 277.17 |
2030 | 40.84 | 137.56 |
Long-term Zcash Price Prediction for 2030–2050
Is Zcash a good long-term investment? Since the crypto industry is quite young and highly dependent on the actions of governments trying to regulate the market, the number of such forecasts is extremely small.
Analysts’ opinions regarding the ZEC rate in the next 20–30 years differ greatly. The Zcash price forecast is constantly changing due to the latest news. In 2024, a potential BTC halving could indirectly affect the ZEC price. It is difficult to predict how high Zcash will grow, but many believe that the coin holds significant potential.
Zcash Price Prediction for 2030s
Optimistic forecasts suggest that ZEC will continue its bullish trend, reaching $1012 – $1062, according to Changelly and PricePrediction. The more moderate forecasts assume growth up to $520 – $586.
Zcash Price Prediction for 2040s
Changelly and PricePrediction are still optimistic. According to their forecasts, ZEC will trade between $11 000 and $18 000 in 2040. At the same time, PricePrediction believes that the asset will exceed $20 000 at the highest point. However, this level is not a limit.
Zcash Price Prediction for 2050s
In 2050, the asset will cross the $20,000 mark. According to PricePrediction, the average price of the asset will reach $26 445.24. Changelly’s prediction is more modest. According to them, the average price will be estimated at $21 874.04. However, it is very difficult to predict the price movement of cryptocurrency for such a long period of time due to the volatile nature of the asset. Therefore, these predictions should be regarded as approximate.
Zcash: What Is Inside?
Zcash or ZEC is a cryptocurrency built on a decentralized blockchain that includes open-source code. That is its main similarity with Bitcoin. Besides, both cryptocurrencies have a limited supply of 21 million coins.
However, ZEC, as a privacy coin, takes further steps to protect its users. The system was developed to provide users and their transactions with anonymity. ZEC increases privacy by applying zero-knowledge proofs or zk-SNARKs. It allows users to validate transactions without disclosure of information that could affect the user’s privacy. At the same time, the ZEC cryptocurrency allows users to share addresses and transaction data to comply with audits and other regulations. According to the developers, ZEC is based on a strong scientific and technological base.
ZEC addresses are divided into two types:
- Z-addresses — private;
- T-addresses — transparent.
You can transfer funds between both types of addresses, as they are interconnected. There are a total of four types of transactions between them. The only requirement is to be aware of the privacy principles and their implications.
The key advantages of Zcash include low interest rates, user and transaction anonymity, the ability to disclose payment data to a third party, limited validity of transactions, and multiple signatures for them. Privacy is the main factor in the development of ZEC. The asset demonstrates a high degree of privacy, which distinguishes it from most digital assets. Nevertheless, in terms of value, Zcash coin is far from reaching the same level as BTC.
Conclusion: is Zcash Worth Buying?
Despite mixed Zcash price predictions, investing in this token is still a good decision. Although this token is dependent on Bitcoin, which makes it difficult to predict its rate, the coin still acts as the leading cryptocurrency in terms of privacy. This means that Zcash is unlikely to cease to exist.
Currently, everyone is monitoring the Bitcoin price and the halving results. Looking at the short-term analysis, you may notice that there are signals for a possible buy. However, if you are a beginner trader, you should postpone trading this coin until the second half of 2024.
There are a huge number of ZEC rate predictions on the Internet. However, you should not completely rely on them. Use the LiteFinance demo account, which provides real market conditions and the ability to trade without risking your capital. If you have not tried trading on a demo account before entering the real market, there is a risk of losing your investment despite analysts’ recommendations.
Zcash Price Prediction FAQ
The current price of Zcash against USD as of 26.08.2024 is $40.48.
Zcash definitely has a future. Although the price is expected to hold at $25, ZEC has a chance to break the range and keep rising.
Most analysts agree that the coin will rise. According to a positive forecast, the coin will reach approximately 50-143 USD.
Despite frequent price drops, the coin remains promising and even shows growth. Many analysts provide optimistic forecasts for this currency. Thus, ZEC is a good cryptocurrency, and its purchase is worth considering.
The coin offers high security and privacy due to its cryptographic protection, surpassing even Bitcoin in terms of safeguarding transactions, which is why it’s gaining popularity.
The main factors affecting the Zcash rate are the transition to POS and the decision about future securitization. To a lesser extent, Zcash is affected by news of the upcoming Bitcoin split.
Zcash is a good investment for experienced traders. However, if you are a beginner, consider a long-term investment by the end of the year.
Price chart of ZECUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
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