Despite regulation restrictions, the popularity of cryptocurrencies has been growing over the years. We all have heard about Bitcoin, Ethereum, and Litecoin. Still, there are other digital assets that can provide investors with exciting opportunities. ZEC is one of them.
Zcash is considered a promising token with a high level of anonymity. It’s the first open-source digital asset based on a blockchain. The coin appeared on October 28, 2016 and currently has a market cap of $238.5 million dollars. The total possible Zcash supply is 21 million coins.
Although Zcash is based on the Bitcoin framework, their cost varies significantly. BTC has broken above $69,000, while ZEC is still slightly over $25.
The article covers the following subjects:
Key Takeaways
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Zikesh is likely to trade around $40 after April 2024 and could reach $65 by the end of the year.
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Below is ZEC price forecast for the coming years:
| Year | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $25.75 | $28.94 | $42.22 |
| 2025 | $27.71 | $46.50 | $60.51 |
| 2026 | $51.32 | $65.80 | $85.67 |
| 2027 | $77.29 | $97.79 | $127.40 |
| 2028 | $114.20 | $142.98 | $190.04 |
Zcash: What Is Inside?
Before we consider Zcash price predictions, let’s answer one simple question – what is Zcash? Zcash or ZEC is a cryptocurrency built on a decentralized blockchain that includes open-source code. That is its main similarity with Bitcoin. Another thing Zcash shares with BTC is the total market capitalization. Both cryptocurrencies have a limited offer of 21 million units.
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 (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 coin has an exciting feature. It allows users to share address and transaction information they can select to comply with audits and regulations. According to its developers, ZEC is built on strong science.
Let’s talk more about ZEC addresses. They are divided into two types:
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Z-addresses
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T-addresses
Z-addresses are private, while t-addresses are considered transparent. There are four transaction types between these kinds of addresses. Two address types are interconnected. You can transfer funds between both address types. The only requirement is to be aware of the privacy implications.
The key advantages of Zcash are low-rate transactions, the anonymity of users and transactions, disclosure of payment data to a third party, transaction expiration, and multiple signatures for transactions.
The main factor that contributed to the development of cryptocurrency is privacy. ZEC submits a high degree of it and can be called a “leading privacy” coin. Yet, this cryptocurrency hasn’t reached the highs of BTC.
ZEC’s price today, 08.07.2024, is 19.75 USD.
The Price History of ZEC
Below is a chart of ZECUSD price changes in real time. To make forecasts as accurate as possible, it is important to evaluate historical data.
The development of Zcash dates back to the creation of ZeroCash cryptographic protocol, which was supposed to become a supplement of well-known Bitcoin. As the developers of Zerocash couldn’t agree with Bitcoin founders, a new cryptocurrency, Zcash, was formed.
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 dollars to several hundred dollars.
Zcash market is also highly dependent on news related to the entire crypto ecosystem. For example, blockchain updates or new collaboration agreements can cause price spikes. After the addition of privacy technology to the blockchain platform, according to the JPMorgan agreement, the coin’s value increased. Also, the Zcash cost was significantly affected by the halving (artificial reduction in the speed of mining of new coins), which took place in 2020.
Since the beginning of 2021, the Zcash maximum price value has been growing. It peaked at $369.31 amid Dogecoin news. However, later, the rate fell due to the ban on cryptocurrencies in China. A new uptrend began after the management of Zcash announced plans for the development of the token, including the transition to proof-of-stake.
Weekly Elliott wave ZCash analysis as of 08.07.2024
In the long term, ZECUSD is forming a global bearish double zigzag W-X-Y. The chart shows how the final motive wave Y may unfold, taking the shape of a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The three parts of this pattern are complete. The complex linking wave [X] in the most recent chart section is forming as a double zigzag (W)-(X)-(Y). Let’s analyze this wave on the lower time frame.
The motive wave (W) has ended within the wave [X]. The price may have declined within the linking sub-wave (X). The wave (X) represents a standard zigzag A-B-C. The most recent part of the chart may show the initial part of a new upward wave, forming as an impulse wave. The first impulse sub-wave (1) has been completed, and the price may drop within the correction (2). The Fibonacci levels help determine how deep the correction (2) will be. It may retrace 76.4% of (1) and end at 16.70.
Weekly ZECUSD trading plan:
Sell 19.82, TP 16.70
ZECUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.
Zcash Price Target for 2024: expert opinion
Zcash price strongly depends not only on the news but also on many other factors. For example, the use of cryptocurrencies in various fields or decisions of regulatory authorities. Therefore, it is quite difficult to predict the coin’s value. Below are a few predictions that will help you understand whether Zcash is expected to rise in the second half of 2024 or its price will fall to a minimum.
1. WalletInvestor
According to WalletInvestor, investing in Zcash is not a good idea. Portal analysts believe that the Zcash rate will continue to fall. By the end of 2024, the average price will reach $23.54, and the maximum price will not rise above $43.
2. DigitalCoin
DigitalCoin experts give a similar forecast for the ZEC rate. According to the technical indicators, the projected average price can rise to to $49.13.
3. CryptoGround
CryptoGround experts provided a more restrained Zcash ZEC price prediction. They estimate the ZEC value at approximately $33.19 by the end of 2024.
4. Coin Data Flow
The Coin Data Flow forecast is the most optimistic of those presented. According to it, the ZEC coin in 2024 will reach $90.73.
5. Сhangelly
According to Сhangelly, the average price of Zcash by December 2024 will be $35.96. The maximum price will not exceed $42.22, and the minimum will not fall below $29.69.
Zcash Technical Analysis
Predicting the future of ZECUSD using technical analysis is very difficult. Hypothetically, any post on X (formerly Twitter) made by Elon Musk or another “giant” in the technology field could reverse the price of the coin. However, certain patterns can be identified. To do this, let’s use oscillators and moving averages such as SMA and RSI.
The future ZEC price forecast can be predicted based on many factors. Let’s start by looking at the Relative Strength Index (RSI). At the end of the summer of 2023, it was at 41.82. The price of the coin at that time was $29.91. This is below both the 50-day moving average ($30.17) and the 200-day moving average ($34.92). The level of the Fear & Greed Index is 23.44, which indicates fear among investors.
These parameters indicate a long-term bearish trend. Perhaps it is worth waiting for signals for a reversal. However, if you have the opportunity to take risks, you can consider purchases in the short term.
ZEC Forecast For Next Three Months
To forecast the movement of the ZEC rate for the next three months, we will use the D1 timeframe. Let’s look at what signals the SMA and RSI provide.
Moving averages give buy signals by crossing the chart from bottom to top. Oscillators provide a more neutral forecast. For now, enter purchases with caution.
Let’s look at the indicators provided by Ichimoku.
The tenkan-sen line is above the kijun-sen line. Tenkan-sen is horizontal, while kijun-sen is directed upward. The cloud is ascending, the instrument has broken out it from the bottom up. The chikou span line is located above the price chart. The indicator indicates an upward signal.
What will the Zcash price be in 2024 according to technical analysis?
The oncoming Bitcoin halving will undoubtedly affect the value of the king of cryptocurrencies. In this regard, it is recommended to make up ZEC forecast only when the halving has already taken place, since the price of other cryptocurrencies depends on the BTC rate. However, you can make preliminary estimates now.
If the instrument manages to break out the current resistance level of 34.60, expect further growth without falls.
Long-Term ZECUSD Technical Analysis
Long-term forecasting is always a difficult task. Upcoming Bitcoin news can seriously affect the ZEC/USD exchange rate. However, if you do not take this into account, the price of the coin may develop according to the following scenarios:
- The price breaks out the resistance level of 34.60 and consolidates above it. Then expect a trend reversal and further growth. As with cryptocurrencies in general, expect that the subsequent complications of block mining will make the asset more expensive. In this case, ZEC will reach the values presented in the table below.
Month ZEC/USD price Minimum value Maximum value April, 2024 37,92 39,23 May, 2024 37.81 40.96 June, 2024 48.69 52,04 July, 2024 37,88 45,03 August, 2024 43.92 51.56 September, 2024 45.38 53.78 October, 2024 46.64 56.71 November, 2024 59.22 74.32 December, 2024 61.70 78.66 - If ZEC fails to consolidate above the resistance level, then the price will reverse downwards and the triangle pattern will be confirmed. This can happen before the release of significant news related to Zcash or the crypto industry as a whole. For example, news about Bitcoin halving in mid-April.
Long-Term ZEC Trading Plan
Enter ZEC/USD trades with caution. In the near future, both growth and fall in the price of the crypto asset are possible. However, in the long term, most analysts predict growth:
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in the next couple of months it is worth considering buy trades. The instrument will recover, while technical indicators point to short-term growth. Monitor the news and price direction in mid-April;
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if now the price manages to consolidate above the level of $34.60, then consider long trades with a target at $40;
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if this does not happen, then most likely the price of ZEC/USD will begin to fall. The decline will last until mid-April. Pay attention to the support level of $28.40;
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monitor the news in April 2024. With a high probability, halving will lead to further growth of Bitcoin and all other cryptocurrencies including Zcash. However, unforeseen situations are also possible.
It is very difficult to make long-term forecasts, especially in the current market realities. Always conduct technical and fundamental analysis before making trading decisions.
Start trading with a trustworthy broker
Zcash Price Prediction 2025
Making long-term forecasts is a difficult task. However, several sources shared their outlook for the ZEC rate in 2025.
1. WalletInvestor
According to WalletInvestor analysts, the price of Zcash will be $25 or less.
2. DigitalCoin
According to DigitalCoin’s own research, the price of Zcash will start to rise in 2025 and reach $60.08 by early 2026.
3. CryptoGround
CryptoGround offers a more optimistic Zcash price prediction. ZEC’s average trading price will be $134.
4. Coin Data Flow
Coin Data Flow’s experts expect a ZEC uptrend. In December 2024, there will be a price rise to $128.58. By the end of 2025, the target price of Zcash will be $178.62.
5. Сhangelly
Сhangelly’s analysts provided a skeptical Zcash price prediction. In 2025, the price will reach a maximum of $48.01. According to technical indicators a sideways trend around $30 will start before the end of 2024.
Expert Analysis for ZEC Price in 2026
Let’s look at analyst forecasts for 2026.
1. WalletInvestor
WalletInvestor analysts do not provide an accurate Zcash price prediction for 2026. The price may drop to a minimum level of $3.75.
2. DigitalCoin
According to DigitalCoin, in 2025, the ZEC minimum price will reach $75.06 and continue to rise to $92.80 in 2026.
3. CryptoGround
According to CryptoGround’s own research Zcash’s price in 2026 will reach the maximum level of $202.13.
4. Coin Data Flow
According to Coin Data Flow Zcash price prediction, the ZEC rate in 2026 will decline. Zcash’s average price in January will be $107.96, and the maximum level will be $58.75.
5. Сhangelly
According to Сhangelly, ZEC will start the year at $53.14. In November 2026, ZEC’s maximum price will be $83.57. By the end of the year, a decline to $74.31 is expected.
Zcash Price Prediction for 2027-2030
Although many analysts make long-term ZEC predictions, you should know they are approximate. As ZEC is one of the most highly volatile crypto assets, it’s a very difficult task to predict its price with a high degree of accuracy.
1. WalletInvestor
WalletInvestor analysts did not provide a forecast for 2027-2030. Perhaps the price of ZEC will be in the range of $25 to $40.
2. DigitalCoin
According to DigitalCoin’s own research, Zcash will rise in price. By the end of 2026–beginning of 2027, the ZEC rate will be $109.87 and $111.12 in 2028. Experts suggest the price of ZEC will reach a maximum of $129.13 in 2029 and $185.23 in 2030.
3. CryptoGround
CryptoGround predicts the coin’s price at around $202.13 in 2026. By 2027, the price should reach $333.02 and $595.75 in 2028. Zec price prediction 2029-2030 is not provided.
To not be fooled, we recommend applying fundamental and technical analysis and reviewing your projections frequently.
Long-term Zcash forecast for 2030-2050
Is Zcash a good investment in the long term? 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 potential of the coin is quite large. According to various sources, the coin can rise up to $2000.
Zcash Price Prediction for next 10 years
According to most optimistic forecasts, the bearish trend will end, and ZEC will reach a maximum of 300-400 USD. Analysts at DigitalCoin also share this opinion. According to a more pessimistic forecast, the coin will fall to 3 USD by 2029.
Zcash Price Prediction for 2030s
By 2030, the range of 300-400 USD, according to most analysts, does not seem realistic for Zcash. The crypto market is still quite young, and Zcash is a promising coin. However, rising mining prices scare most investors. Many expect even greater decentralization of the coin, which may force a certain percentage of owners to sell off some of the assets.
Zcash Price Prediction for 2040s
It is very difficult to predict the price of cryptocurrencies for such a long period. The legal status of tokens is rather shaky, and no one guarantees their complete delisting. However, if ZEC rises by 2030, expect further growth in the future. Carefully monitor the news as they determine the token’s fate to a greater extent.
Zcash Price Prediction for 2050s
There are opinions that Zcash can outperform Bitcoin due to its transaction anonymity, as it will become a decisive factor in future. I advise investors to carefully monitor the news regarding the aforementioned coins.
Conclusion: is Zcash Worth Buying?
Despite mixed Zcash ZEC 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.
The need to move securitization of the token outside the US is now being actively discussed. The decision on this issue can greatly affect the coin’s rate. 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 end of 2024.
There are a huge number of ZEC rate predictions on the Internet. However, you should not completely rely on them. We recommend using the LiteFinance demo account, which provides real market conditions and the ability to trade without loss. 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.
FAQs on Zcash Price Predictions
The current price of Zcash against USD for 08.07.2024 is $19.75.
Zcash is a good investment, especially for experienced traders. However, if you are a beginner considering investing in Zcash, it is worth considering long-term investments in the second half of 2024.
Zcash will grow, even if not in 2024, as experts predict, then later. If you read the analysts’ opinions in our Zcash price prediction forecast, you see that most of them see a bright ZEC future.
It is difficult to say exactly when Zcash will reverse the trend. Focus on the beginning of summer. At about this point it will be possible to make predictions with a certain degree of confidence.
Analysts expect Zcash rate to stay at $25. According to another forecast, ZEC will trade between $20 and $30 in the next five years. There is also an opinion that the coin’s value may exceed $100 by 2027.
Most analysts agree that the coin will begin to rise. According to a positive forecast, the coin will reach approximately 60 USD.
Zcash has a future for sure. Although the price is expected to hold at $25, ZEC has a chance to break the range and keep rising.
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.
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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