In summary, this zCash price prediction draws upon a range of technical and expert analyses. Overall, it looks as though zCash (ZEC) will do well in the future, with many predicting it to surge well over $1,000 by 2030 or before.
News About zCash
Table of Contents
- News About zCash
- Where Did zCash Come From?
- Price History of zCash Token
- zCash Technical Analysis
- zCash Price Prediction 2022 – 2023
- zCash Price Predictions for 2023 – 2024
- zCash Price Prediction 2024 – 2025
- zCash Price Predictions 2025 – 2030
- Expert zCash Price Predictions
- zCash Price Forecast From Epic Saheed
- Crypto Millionaire zCash (ZEC) Price Prediction
- Token Metrics on the Journey of the zCash Price Today
- Conclusion: What Could We See a zCash Price Equal to?
- Where to Buy And Sell zCash?
- Pros And Cons
- How Private Is ZCash?
- Who Created ZCash?
- What Is the ZCash Coin Symbol?
- Is ZCash Illegal?
- Will zCash be a Profitable Investment?
- Do Criminals Use zCash?
- Social Media Urge to Use Monero, Zcash to Avoid India’s Crypto Tax
- zCash (ZEC) Rises 2.03%, Outperforms the Crypto Market Tuesday
Cryptocurrency and anonymity surrounding transactions are two things that often go hand in hand. In reality, it couldn’t be further from the truth.
The cold hard reality of the lack of privacy surrounding many major cryptocurrencies hit when a U.S. lawsuit was brought against users of the dark web, many of whom used BTC to make illicit transactions.
Said illicit users assumed that Bitcoin was entirely anonymous. Instead, the authorities tracked many of the payments to their door and faced trial for various charges.
But the world of cryptocurrency is used to adapting. In response to Bitcoin’s privacy failures came a privacy-focused altcoin called zCash in 2016.
zCash aimed to fix the privacy flaws of the likes of Bitcoin while simultaneously providing lower fees, higher transaction speeds, and greater useability.
Naturally, it didn’t take long to surge forward into the future with a significant userbase. But as zCash and its price grow, so too does curiosity surrounding it from potential investors.
Most importantly, many people seek a zCash prediction forecast that can give us insight into what the future could have in store for the zCash price and its market cap.
Today, we will provide an exclusive zCash price prediction that will offer a cutting-edge forecast into the future by drawing upon various tools, from historical price data to expert analysis. But firstly, let’s look at the origins of zCash.
Where Did zCash Come From?
The origins of zCash can be traced back to a series of high-profile lawsuits surrounding the illicit use of BTC for illegal transactions on what is known as the Dark Web.
Across the U.S.A. and worldwide, people use the dark web to buy contraband and other illegal items and services. To do so, many were using Bitcoin under the false assumption that transactions were untraceable.
The result was serious trials and a backlash against what was viewed as privacy failures by Bitcoin. In response, many people were seeking an altcoin that offered basic privacy features to remain anonymous during transactions.
To answer the demand, they formed zCash in 2016 by an American computer security specialist called Zooko Wilcox-O’Hearn founded it.
To answer the privacy concerns, zCash utilized highly encrypted data processes combined with Bitcoin’s open ledger system.
With the latter, any zCash transactions are all recorded via the blockchain. But where zCash differentiates itself is how it encrypts user data, keeping their details and identity completely confidential.
As a further safety barrier for their user’s identity protection, ZCash uses zero-knowledge proof (zk-SNARKs) to validate transparent transactions without revealing any personal details that could reveal the identity of its users.
About the privacy features, zCash also offers a range of other benefits to users, such as fast transaction speeds and low fees. As a result, it has seen its userbase surge, with more and more investors coming on board in recent years.
In addition, the total circulating supply of zCash (ZEC) coins is at 21 million cap. So just like Bitcoin and gold, it is a scarce asset. Meaning time is limited to get on board with the ZEC coin.
Price History of zCash Token
Now we’ve explained how zCash works and how it all started, let’s look at how it’s performed in recent years. A cryptocurrency’s price history is a great way to get an insight into the future highest price of a particular cryptocurrency, and it’s never been more accurate with this altcoin.
Since zCash came along in 2016, it has had incredible price journeys. One of the most memorable took place in 2021.
AT the start of 2021, zCash was sitting at a low of $79. A month later, in mid-February, the price had surged to $180. That’s a price increase of 79%.
As investors sought to withdraw profits, zCash (ZEC) price dipped. However, many people knew this coin’s potential and decided to buy zCash at the dip. For those that did, the most significant ROI was coming.
By May, the price had skyrocketed to a new all-time high at $318. This wasn’t sustainable, and the price subsequently dropped to $89 by July before rising again to $172 in September. Summer was coming to an end, but zCash wasn’t finished.
The price of zCash carried on bringing a return on investment throughout winter. The price rose to $276 before another resultant price dip in November. As zCash entered 2022, the price dipped along with many other cryptocurrencies.
zCash Technical Analysis
Now we’ve explored how zCash fared in 2021, let’s look at what it could have in store between 2022 and 2030. This section will draw upon a range of technical analysis, trading volume, and market capitalization resources to get an insight into what the future might have in store.
zCash Price Prediction 2022 – 2023
By the middle of 2022, the technical analysis predicts that zCash could burst out of its current price dip to $174. It could surge even higher by the end of the year and hit $252. Overall, that’s an increase of 83% based on the current price.
zCash Price Predictions for 2023 – 2024
This year, rolling into 2023 at $252, we could see the zCash price dip in the first six months before rising again and beginning 2024 at a zCash price of $261. Not the most impressive year, for sure, but the following year is expected to make up for the future price.
zCash Price Prediction 2024 – 2025
This period is expected to be particularly bullish for the future price of zCash. After a slow start, it could hit $267 in the first six months. But in the second half of 2024, the zCash price could rise by 123% from today’s current zCash price and hit an average price of $307.
zCash Price Predictions 2025 – 2030
Based on technical analysis, it looks like the most bullish trend for the zCash price will take place between 2022 and 2025. Between then and 2030, it’s thought that the zCash price would make slower progress and reach somewhere around $400 per coin.
So, that’s the technical analysis of the potential zCash price explored. But it’s only one aspect of the zCash price prediction. Let’s see what the crypto experts say about this promising privacy-focused altcoin. Could zCash’s price in the future be a profitable investment?
Expert zCash Price Predictions
The notorious lawsuits surrounding BTC and the Dark Web attracted much attention from crypto experts and analysts worldwide. Naturally, so too did the introduction of zCash in response. Let’s look at some of their most insightful price predictions.
zCash Price Forecast From Epic Saheed
First up is Epic Shaheed. This crypto Youtuber who is booming in popularity, recently released a zCash price prediction (ZEC) that predicted the price to rise to over $1,500 between now and 2023.
Crypto Millionaire zCash (ZEC) Price Prediction
In a widely-shared zCash (ZEC) price prediction released by Crypto Millionaire, they delved into an insightful forecast that predicted this innovative altcoin coin surge past $5,000 between now and 2030 due to the unique position it holds in the world of privacy-focused cryptocurrency. A bullish prediction for sure, but not out of the realms of possibility.
Token Metrics on the Journey of the zCash Price Today
In a far less bullish prediction than the former, next up, we have Token Metrics. In a famous zCash price prediction they recently released, the team came up with a price forecast that expects zCash price to soon surge well over $300.
Conclusion: What Could We See a zCash Price Equal to?
Overall, zCash came into the cryptocurrency market to provide the privacy and anonymity many falsely assumed was a given with the likes of Bitcoin. Overall, they’ve achieved their mission, and then some!
In the years since it first hit the scene, zCash has developed a loyal following in the form of an active community. All of whom are keen on taking advantage of the many benefits that the zCash network offers, from privacy to higher speeds and lower fees.
Overall, it has made itself a desirable alternative to Bitcoin. Plus, shortly, the zCash team has made it their goal to become more environmentally friendly. It adds yet another advantage over the energy-sapping cryptocurrencies like Bitcoin and Ethereum.
Between now and 2030, well-respected cryptocurrency experts and technical analysts alike expect zCash to have a potentially bright future ahead, with many expecting it to surge past the $1,000 benchmark at the very least.
Where to Buy And Sell zCash?
At this point, you’re probably wondering: With a digital asset as promising as zCash, why isn’t everybody buying it at the current low coin price? Well, let me explain.
Buying zCash may be attractive to countless people worldwide, but buying it in the first place can be daunting. Many dive in at the deep end with a crypto exchange, something many experts warn beginners against doing.
A far better beginner-friendly option is a trusted brokerage like eToro. This type of trading environment can get a new trader on their feet thanks to an array of innovative tools and features.
As well as zCash, eToro also offers a comprehensive portfolio of other cryptocurrencies. So you can diversify your investment journey. They even provide a free demo account for you to practice with before you start live trading!
Pros And Cons
While zCash came along to the right with the weaknesses of Bitcoin, that’s not to say it doesn’t have its downsides. So to give you as clear of a picture as possible, let’s look at some of the pros and cons associated with the zCash network.
- It boasts an attractive aspect of being a scarce asset. Like Bitcoin, the total supply of zCash is capped at 21 million coins.
- The anonymity and identity protection of users are guaranteed through incredible technology and zero-knowledge proofs.
- It boasts a potentially significant advantage over Bitcoin and other major cryptocurrencies by aiming to become a far more energy-efficient digital currency between now and 2030.
- Suspicion of how people use zCash can be limiting to its reputation.
zCash was created in a controversial era for cryptocurrency. Naturally, controversy summons questions. So to finish off this zCash price prediction, let’s answer some of the most frequently asked questions.
How Private Is ZCash?
With privacy as its main selling point, ZCash places a high priority on ensuring anonymity in its transaction. Whether it’s the sender, the receiver, or the number of funds sent, all ZCash transactions are shielded by high-end encryption that ensures total privacy.
Who Created ZCash?
zCash is the brainchild of a man named Zooko Wilcox-O’Hearn. He was an American computer security expert who was ideally suited for such a project. Zooko is also the man behind the Electric Coin Company (ECC), which is responsible for the development of ZCash.
What Is the ZCash Coin Symbol?
The symbol for zCash on the cryptocurrency market is ZEC which means Zerocoin Electric Coin Company.
Is ZCash Illegal?
The privacy and anonymity guaranteed by zCash do many wonders if it’s legal. The answer is yes, zCash is legal. So much so that it has been partnered with major crypto brokerages like eToro, where it is currently available to buy safely and securely.
Will zCash be a Profitable Investment?
It’s impossible to predict the future truly. Several factors can affect the ZEC price. But overall, all of the resources and price predictions we researched point to a positive outlook on the average price of zCash in the future.
Do Criminals Use zCash?
There is no evidence that zCash is used for illegal activities. While not impossible, most users of the zCash network appreciate their privacy when making transactions and take advantage of the high speeds and low costs associated with zCash.