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Zcash Price Prediction 2022-2031: Big Pump Ahead for ZEC?

Zcash price prediction

The proliferation of cryptocurrencies means they all don’t get the same publicity. There are even those that get no publicity at all. The common ones are usually those with the highest value or market caps, like Bitcoin, Ethereum, Tether, XRP, Litecoin, etc., or the ones that the internet has hyped, such as Dogecoin

The latest feather in Zcash cap is the addition to Bitcoin of America’s  Bitcoin ATMs across the United States. The company, which operates over 2,500 Bitcoin teller machines in the country, revealed this in an announcement last Wednesday.

The Bitcoin ATM firm noted that its customer demand had pushed it to add Zcash to the list of available cryptocurrencies.  The use of ZEC in transactions has apparently picked up, with the privacy coin now joining Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BTC). Zcash, a decentralized cryptocurrency, is favored by users for its privacy features.

Zcash Network Upgrade 5 (NU5) was activated on the mainnet on 31 May. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as Electric Coin Co. ( ECC ) CEO Zooko Wilcox put it, “a historic step forward for human society.”

NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make private, trustless digital cash payments on mobile phones possible for the first time ever. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.

Determining its potential is not easy, and if you are planning to invest in Zcash, that’s something you will want to know. For one, ZEC’s big pump has been predicted. Fortunately, we have examined the digital asset using experts’ opinions and analysis. Here, we discuss the future prices of Zcash and if it is worth investing in.

Today’s Zcash price is $60.38, with a 24-hour trading volume of $73,435,067. Zcash has been down 4.06% in the last 24 hours. The current CoinMarketCap ranking is #52, with a live market cap of $896,064,325 USD. It has a circulating supply of 14,841,013 ZEC coins and a maximum supply of 21,000,000 ZEC coins.

Read also:

What is Zcash?

ITB Widget Example

Zcash is not your popular digital asset, and unless you are looking for it, you are unlikely to come across a piece of news about its price. That is why it is necessary to explain what it is all about before examining its price prediction.

ZEC coin was introduced as a digital currency with its first mining in October 2016. But development started as far back as 2013. It was led by Matthew Green, the John Hopkins professor, and some graduate students. Later on, the Zcash Company, led by Zooko Wilcox, will complete the work with over $3 million raised from venture capitalists.

The initial hype surrounding the digital asset was very high. Within a week of its first mining, a token was already worth $5000. Zcash was developed using the Bitcoin codebase, so it is not surprising that it is similar to bitcoin in many ways. For example, it has a maximum supply of 21 million tokens too.

However, what Zcash uses as a unique selling point is the anonymity of transactions. According to the creators, the privacy of transactions on Zcash is exceptional. While it also posts transaction data on a public blockchain, there is an option for confidentiality.

This option comes in the form of a shielded transaction that makes it possible to have financial privacy. It integrates Zero-knowledge proof, a feature that makes it possible to verify transactions without knowing how much is sent, the recipient, or the sender. This feature is an optional one as transparent transactions are also very possible. It is also possible to have selective disclosure where users can determine which transaction details they wish to make public or share.

The Zcash Company changed its name to Electric Coin Company in 2019. It did this, claiming its official name has always been Zerocoin Electric Coin Company, which is now known as ECC.

Although the creators have said the privacy features of the currency are not designed for illegal activities, the privacy features continue to be investigated. In a paper titled Alt-Coin Traceability, released in May 2020, it remains questionable whether Zcash is as private as it claims to be. Recently, ECC announced plans to donate all the company shares to a non-profit organization known as the Bootstrap Project.

According to the creators, Zcash is built on rigorous science. The tokens fall into either the shielded pool or transparent pool. Observations show that most users do not use the privacy options available on the network. It is why it is regarded as a privacy coin.

ZEC addresses are of two types – the T-addresses and the Z-addresses. The T-addresses are transparent, while the Z-addresses are private. Beyond the privacy of Zcash, another significant feature is its fast transactions that attract very low fees.

The man behind ZCash, Zooko Wilcox, was also in close contact with Satoshi Nakamoto and who also wrote the first blog on Bitcoin that was embedded into the Bitcoin.org website. He claims that it is time for the project to move from the Proof of Stake consensus.

Factors influencing Zcash Price

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Volatility is a dominant feature of digital assets. However, this volatility doesn’t just happen; it is motivated by certain variables. Identifying and observing these variables will help in predicting the prices.

The factors could be external or internal. For Zcash, here are the factors motivating its prices

  • Demand and supply

Nothing affects any market like demand and supply. The effect is visible for a digital asset like Zcash with a limited supply. These two factors work hand in hand to determine the worth of Zcash.

However, demand and supply are influenced by other factors. Thus, it can be seen as an overarching factor. It is important to study and pay attention to demand and supply, especially when you are investing.

When more people are looking to buy than sell, the price will increase and vice versa. Ironically, the higher the price, the more interested people are in buying, and the more people want to hold.

  • Investor confidence and social buzz

The public or media attention on a crypto asset usually affects its price. An easy way of seeing this is with Dogecoin, which increased in value solely on the back of internet mentions and tweets. 

The logical explanation is that the more people talk about it, the more they are interested. Cryptocurrencies have thrived on social buzz, which spikes investors’ interest and confidence.

Zcash’s entry into the market represents a textbook example of this. The expectations and excitement were incredibly high. In the end, it influenced the price massively.

  • Halving

Halving is a phenomenon that applies to cryptocurrencies that are mined. It means that the reward for mining would be slashed by half every four years to control inflation and the total units in circulation.

The first halving for Zcash happened in November 2020. Generally, halving increases price as the supply will decrease with Bitcoin on multiple occasions.

Zcash’s first halving also experienced something similar as the price increased from $61.50 to $76.39 between November 9 and 23.

  • Technological improvements

Another factor that influences the price is the updates of the underlying technology for the cryptocurrency. It has been observed that even the mere announcement of future updates could drive the price up.

  • Adoption

Closely related to social buzz is adoption. One factor that has continued to increase the price of Bitcoin is its adoption. The price increases as more investors, especially institutional ones, get involved.

An increase in demand also increases the confidence that many investors will get from such adoption. Those who are not already invested too will want to get involved to avoid missing out.

Zcash Price History

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.

Zcash Price Prediction 2022-2031: Big Pump Ahead for ZEC? 1

Zec historical performance by coinmarketcap

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 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, the worth of Zcash crashed in the past 12 months. The coin presently trades at $54, despite having topped $300 in November 2021. Zcash has fallen by 18% within the final 7 days. The declines are throughout the board in crypto. The decline of Zcash means that privateness cash nonetheless has the potential to rise again.

Zcash Technical Analysis

Zcash Price Predictions 2022-2031

As observed from the current Zcash price movement, the token shows a classic falling wedge pattern, and its major trend support is around the $45 to $50 mark. If Zcash holds above the support levels, we could see a jump to the target price points. However, if it breaks out below the $40 mark and BTC falls to about $17k, we could be looking at price falling to the potential reversal support levels.

Zcash Price Predictions 2022-2031

Wallet Investor 

According to the Zcash forecast from Wallet Investor, the market value of Zcash could rise to about $97.509 in 2023 and $260.892 in 2027. These projections indicate that ZEC will be a good portfolio addition for the future. However, in the short term, Wallet Investor forecasts a price drop of about 4.2% over the coming days, resulting in a market price of $59.100.

TradingBeasts 

TradingBeasts’ Zcash price forecast expects the token to close the year at an average trading value of $61.168, a minimum price of $51.992, and a maximum of $76.460. By June 2023, TradingBeasts expect a slight decline in valuation, with prices expected to be within a trading range of $47.349-$69.631. Further price drops are expected in the remainder of 2023, and the coin’s average price could plummet to $42.254 by December 2023.

Going into 2024, the Zcash price predictions from TradingBeasts are optimistic as they foresee a market turnaround leading to ZEC having a minimum price of $62.287 and a maximum price of $91.599 by the end of the year. They expect the bullish run to continue in 2025, with Zcash trading as high as $117.738 and having an average market value of $94.190.

Longforecast 

By December 2022, Longforecast predicts Zcash could be 17.7% less than the current market price, forecasting a closing market price of $51.5 and a maximum value of $55.1. For 2023, their projections point to a further devaluation of ZEC, with a predicted price range of $30.8-$47.6 in Q4. According to Longforecast, Zcash could make significant gains the following year, as they anticipate the token to have a minimum price of $60.6, a maximum price of $77.6, and a closing market price of $65.2 by December 2024. 

However, massive price downturns could soon follow in 2025, per the predictions. Zcash token could go as low as $27.8 by August 2025 and is projected to end the year within a trading range of $40.8-$47.0. For 2026, Longforecast expects Zcash to start the year with a downtrend. They further predict this bearish run to extend to August 2026, forecasting maximum and minimum values of $20.6 and $16.1, respectively.

Cryptopolitan 

Zcash Price Predictions 2022-2031
YearMinimum Price ($)Average Price ($)Maximum Price ($)
202271.6675.6180.09
202377.187.5792.84
202471.6282.2194.48
2025100.55110.91125.03
202695.1106.96116
2027112.69128.31148.06
2028170.93181.5198.88
2029230.01237.29245.32
2030258.47265.55275.69
2031287.59304.02324.02

Zcash (ZEC) Price Prediction 2022

While the Zcash market is bearish over a 3-month period, its current price movements have been positive. In 2022, our Zcash price prediction expects the token to end this year trading between $71.66 – $80.09, with an average market value of $75.61. A Zcash bullish market is likely to occur due to its endearing network properties, which continue to attract numbers of crypto enthusiasts. These properties include minimal transaction fees, strong privacy, faster processing speed, etc. 

Zcash (ZEC) Price Prediction 2023

By 2023, our price predictions indicate ZEC would have a minimum price of $77.10 and an average price of $87.57. The expected maximum market value is $92.84. These price levels can result from Zcash developers – the Electric Coin Company(ECC) – securing partnerships and endorsements that boost the token’s adoption.

Zcash Price Prediction 2024

According to our analysis, traders could expect Zcash market prices to fall to a mean and minimum value of $82.21 and $71.62. However, we predict the coin will attain a higher price level of $94.48.

Zcash Price Prediction 2025

In 2025, Zcash could make a strong recovery from the previous year to reach minimum and maximum values of $100.55 and $125.03. The predicted average market price for 2025 is $110.91, representing a 77.17% gain on the current market price.

Zcash (ZEC) Price Prediction 2026

Our Zcash (ZEC) price prediction for 2026 predicts a slight downturn in valuation, leading to an average price of $106.96, a minimum price of $95.10, and a peak price of $116.00.

Zcash Price Prediction 2027

In 2027, we predict Zcash to trade at an average price of $128.31, with the potential to go as high as $148.06. Traders could also anticipate an average price of $112.69. This predicted rise in value could be aided by the Zcash developers launching new blockchain products that require the usage of the token.

Zcash Price Prediction 2028

According to our Zcash price prediction for 2028, ZEC is expected to have a bull market, resulting in a market price range of $170.93-$198.88 and an average trading price of $181.50.

Zcash Price Prediction 2029

By 2029, Zcash could be trading well above $200, per our price forecast. The token is expected to have a minimum price of $230.01 and a maximum market value of $245.32. Following these prices, traders could anticipate an average value of $237.29.

Zcash Price Prediction 2030

By 2030, the ZEC market is expected to witness a continuous uptrend leading to a mean market price of $265.55 and a minimum price of $258.47. During the year, Zcash could trade as high as $276.69. In the run-up to 2030, If Zcash can attract more investments, such as the Grayscale Zcash Trust, and the crypto market is up, ZEC could witness more widespread adoption, thus leading to these price levels.

Zcash Price Prediction 2031

By 2031, we forecast Zcash to have made significant gains in value, trading at an average price of $304.02 and a minimum value of $287.59. With a positive outlook in the overall cryptocurrency market, ZEC could attain a peak price level of $324.02, trading at 5x the current market price.

Zcash Price Prediction by Industry Experts

Barry Silbert

Recap

The decision to buy Zcash is personal; predictions and data will only help you with it. On a short-term projection, investing in Zcash looks tricky because price predictions are not uniform. While some believe it will increase, others think it is a bad short-term investment. 

However, the opinions on long-term investment are quite uniform. Almost every prediction platform, including WalletInvestor, expects an increase in price in two to five years. The predictions are already fully explained above, and you can study them to make your decision. If you choose to invest, there are lots of crypto exchange platforms that list Zcash.

Price predictions are a good place to start when investing, but it is important to know that the market can change anytime. The market’s volatility means it is important to stay up to date if you’re planning to invest. When we last looked, ZEC is moving in the right direction, and one analyst advised holding it. Look also at how to mine Zcash.

Due to the high level of privacy and anonymity that Zcash offers, its vast community of users is bound to keep growing as the demand for the privacy-oriented token grows. Recently, Bitcoin of America, the fourth biggest crypto ATM provider in the U.S, added Zcash to its list of accessible cryptocurrencies, their reason being the “increase in popularity” of the digital coin.

We expect the interest in the Zcash Network to skyrocket in the coming years, thereby making its token a favorable investment tool in the long term. Nevertheless, you are admonished not to rely only on price predictions as trading advice but to do your own research before taking any market action.

In the end, it all boils down to taking calculated risks. You can study the forces that influence prices and study the market before making the final decision.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Where do I buy Zcash?

Here are top 5 exchanges that offer the ability to buy Zcash (ZEC) with a credit card or debit card: Binance, KuCoin, Coinbase, Huobi Global, WazirX.

What's the main use case of Zcash?

Its main use case is to provide anonymity for its users and their transactions. This is done by using a zero-knowledge Proofs (zk-SNARKs) to validate and authenticate transactions

What's zk-SNARK and what's its use?

The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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