Key takeaways
- Zcash price prediction for 2024 could reach a maximum value of $36.01
- By 2027, ZEC could reach a maximum price of $120.25.
- In 2030, Zcash will range between $301.70 to $353.59.
Zcash, a pioneering cryptocurrency, stands out in the digital landscape for its uncompromising commitment to privacy and security of transparent transactions. Founded in 2016 by Zooko Wilcox-O’Hearn, Zcash implements zk-SNARK (“Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”) technology to offer users the option of ‘shielded’ transactions, which protect the privacy of the sender, receiver, and transaction amount.
This level of privacy distinguishes Zcash from other cryptocurrencies like Bitcoin and Ethereum, which are pseudonymous but not entirely anonymous. As the digital currency landscape continues to evolve amidst fluctuating market dynamics and regulatory shifts, Zcash’s unique privacy features make it a significant subject of interest for investors and users who prioritize transaction anonymity. This piece delves into the future financial trajectory of Zcash, exploring price predictions grounded in technical analyses, market trends, and broader economic factors that could influence its valuation in the coming years.
Overview
| Cryptocurrency | Zcash |
| Token | ZEC |
| Price | $30.33 |
| Market Cap | $447,731,671 |
| Trading Volume | $54,170,973 |
| Circulating Supply | 16,328,269 |
| All-time High | $5,941.80 (Oct 29, 2016) |
| All-time Low | $15.97 (Jul 04, 2024) |
| 24-h High | $31.30 |
| 24-h Low | $29.91 |
Zcash price prediction: Technical analysis
| Price Prediction | $ 28.12 (2.87%) |
| Volatility | 13.89% |
| 50-Day SMA | $34.54 |
| 14-Day RSI | 25.66 |
| Sentiment | Bearish |
| Fear & Greed Index | 23 (Extreme Fear) |
| Green Days | 11/30 (37%) |
| 200-Day SMA | $27.34 |
Zcash price analysis: ZEC price drops to $30.33 as bears continue to dominate
TL;DR Breakdown
- Zcash shows a bearish trend.
- ZEC is facing resistance at $31.30.
- Zcash faces support at $29.91.
Zcash price analysis for September 27 shows that its price is bearish today. The ZEC price is currently at $30.33, representing a decrease of 1.74 percent. Selling pressure is still present, and the bears are continuing to dominate the market. High selling pressure has supported the downtrend, and this trend is expected to continue in the near future. The overall market for ZEC remains on a downward trend, with the Bears maintaining dominance.
Zcash price analysis 1-day chart: ZEC price falls to $30.33 as selling pressure builds
The 1-day Zcash price analysis confirms that its price is decreasing again after a brief escape. The bears are pulling down the price levels and trading below $30.33. The price has steadily declined over the past few days and could continue to slide further if selling pressure persists. The ZEC token shows that a move to the downside is more likely as the bulls have not pushed price action any higher.
The Relative Strength Index score for ZEC is 47.44, indicating that the market is neither oversold nor overbought. The upper band is currently at $31.88, while the lower band is at $28.04, suggesting that these could act as resistance and support levels in the near future.
ZEC/USD 4-hour price chart: Latest development
Looking at the hourly chart, Zcash price analysis shows that the bears have regained control as ZEC has dropped to $30.33 in the last 4 hours. The selling pressure is still present, and it looks like ZEC could potentially break its support level of $29.91 if the bears remain in control.
The Bollinger Bands are relatively close together, indicating little price volatility in the market. The upper Bollinger band is $31.16, while the lower band is $28.21. The RSI is currently trading at 52.94, indicating that there is still some buying momentum left in the market.
Zcash technical indicators: Levels and Action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 33.46 | SELL |
| SMA 5 | $ 31.85 | SELL |
| SMA 10 | $ 31.73 | SELL |
| SMA 21 | $ 35.51 | SELL |
| SMA 50 | $ 34.54 | SELL |
| SMA 100 | $ 28.91 | SELL |
| SMA 200 | $ 27.34 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 36.34 | SELL |
| EMA 5 | $ 38.29 | SELL |
| EMA 10 | $ 39.43 | SELL |
| EMA 21 | $ 37.96 | SELL |
| EMA 50 | $ 33.49 | SELL |
| EMA 100 | $ 29.99 | SELL |
| EMA 200 | $ 28.22 | SELL |
Zcash price analysis Conclusion
Zcash price analysis indicates that the token is currently in a bearish trend, and further downward movement can be expected. Both 4-hour and 1-day timeframe analyses suggest that the price could remain bearish in the near future, with further downside likely before any potential reversal is seen. The bearish trend is expected to continue in the market as the selling pressure remains high, and the technical indicators suggest that a bottom could soon be reached.
Is Zcash a good investment?
Zcash (ZEC) could be a promising investment due to its advanced privacy features, including zero-knowledge proofs that enhance transaction confidentiality. Its value proposition lies in offering secure and private transactions, which is appealing to privacy-conscious investors. However, potential investors should consider Zcash’s market performance, regulatory risks, and ongoing development. Analyzing these factors and aligning them with personal investment goals and risk tolerance is crucial before making a decision to invest.
Will ZEC reach $50?
ZEC is expected to trade above the $50 range throughout 2025, suggesting potential for significant price appreciation compared to earlier years.
Will ZEC reach $100?
ZEC is expected to trade above the $100 range throughout 2027, suggesting potential for significant price appreciation compared to current price and to earlier years.
Does ZEC have a good long term future?
Zcash shows a generally positive long-term outlook, with projected steady price growth over the years. By 2030, ZEC is expected prices to increase substantially, indicating a good long-term future with moderate to strong growth potential.
Zcash price prediction September 2024
*Zcash’s price could experience an uptrend in September, reaching $65.26 at the end of the month. The minimum price projected for the coin is around $27.49, while the average is around $51.01.
Zcash price prediction 2024
Zcash price is forecast to reach a minimum price of $36.01 in 2024. As per findings, Zcash could reach a maximum price of $36.01 and an average forecast price of $33.51.
Zcash price prediction 2025-2030
Zcash Price Prediction 2025
In 2025, Zcash could reach a maximum price of $56.51 and a minimum value of $48.95. The predicted average market price for 2025 is $50.62.
Zcash (ZEC) Price Prediction 2026
Our Zcash (ZEC) price prediction for 2026 expects live price for the token to reach a maximum price of $83.70, an average price of $72.13, and a minimum price of $69.60..
Zcash Price Prediction 2027
In 2027, we predict Zcash to trade at an average price of $106.86, with the potential to reach a maximum price of $120.25. Traders can anticipate the coin’s support to consolidate at $103.25.
Zcash Price Prediction 2028
According to our Zcash price prediction for 2028, ZEC is expected to have a bull market, resulting in a maximum market price of $181.87, an average trading zcash price chart, of $152.28, and a minimum price of $146.94.
Zcash Price Prediction 2029
The price of 1 Zcash is expected to reach a minimum level of $204.68 in 2029. The ZEC price can reach a maximum level of $255.97 with the average price of trade zcash at $210.77.
Zcash Price Prediction 2030
By 2030, the ZEC market is expected to witness a continuous uptrend leading to a maximum market price of $353.59 and a minimum price of $301.70. We expect an average trading volume value of $312.24.
Zcash market price prediction: Analysts’ ZEC price forecast
Cryptopolitan’s Zcash price prediction
According to our current Zcash price forecast, the coin’s market price might reach a maximum value of $36.01 by the end of 2024. Looking forward to 2026, the average ZEC price could surge to $83.70.
Zcash historic price sentiment
- When Zcash was first launched in 2016, it garnered attention which worked in its favor. Within the first few weeks, it reached an incredibly high price of around $6000. But this didn’t last long. It fell drastically to stabilize at between $40 and $70.
- The price of Zcash has always fluctuated; for instance, it was worth about $900 in 2018.
- To understand a cryptocurrency’s price history, one needs to know the factors that influence the increase in value. Generally, the excitement of its launch and similarities with Bitcoin must have helped it achieve an incredibly high value during its launch.
- After that, the token would have a quiet year till May 2017. The developers partnered with JP Morgan to introduce Zcash privacy technology to the JP Morgan blockchain platform this year.
- The partnership led to a spike in price, with Zcash trading for about $400 by June 2017 of that year. Its market value also increased and entered the top ten cryptocurrencies through market capitalization. The price later returned to its regular value of below a hundred.
- In 2018, the price increased again thanks to the crypto boom that started in late 2017. The price increased to about $900, but this didn’t last long. With the end of the crypto boom also came a fall in the currency’s value. In June 2018, it rose above $100 again.
- It took until February 2020 for the price to increase again, thanks to the efforts of crypto bulls. By August, it has again managed to cross the $100 mark. It will later drop in value but maintain stability at a level above its previous lows.
- Throughout this period, the ZEC protocol has improved tremendously. However, the first halving in 2020 significantly affects the price, just like it does with other cryptocurrencies.
- After exponential 2021, where ZEC topped $300, the token fell to much lower levels the following year 2022, trading as low as $39.
- At the start of 2023, Zcash regained some momentum and touched $50, but soon declined to $24 in mid-June. Currently, ZEC is trading at around $30.
- In 2024, the price trended downward from August to September, reaching $28.00. A brief rise in August 24 pushed Zcash to $43.23, as for September the token is trading in a range of $27-29.
