Is a Big Pump Waiting for ZEC?

Let’s know what we have examined for Zcash and whether you should consider this coin in your portfolio from our Zcash price prediction.  

According to our Zcash price prediction, this coin’s future roadmap looks promising. Let’s check out our Zcash price prediction to learn more about Zcash, and its offering, explore Zcash developments, Zcash price prediction, average trading price, Zcash price analysis, and consider whether it deserves a place in your investment portfolio. The crypto community favours Zcash for its decentralization and privacy feature. ZEC is joining a long list of crypto coin kings like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) etc. Zcash (ZEC) is known as one of the leading projects in the crypto market, having a top-notch level of underlying innovation and an experienced team. 

Zcash (ZEC): Venture To The Web3

Zcash is one of the strongest tokens in the cryptocurrency space. At the time of launch, ZEC became the first blockchain-based open-source asset that was developed with the same framework as Bitcoin. The primary development ecosystem of this token has opened up its versatile integration into other protocols and the generic interoperability specification of Bitcoin. The whitepaper says, “Zcash is an implementation of the Decentralized Anonymous Payment scheme Zerocash, with security fixes and improvements to performance and functionality.”

ZEC coin was first introduced as a digital asset with its mining in October 2016. But its development took place back in 2013. The foundation and development of Zcash were led by Matthew Green, professor John Hopkins, and some graduate students. Let’s know about Zcash’s current price details to clarify our Zcash price prediction better.

Zcash (ZEC): Ruling The Crypto

The primary motive of Zcash is to provide anonymity of high transactional on the network by facilitating the mechanism called zero-knowledge proof (zk-SNARKS). This cryptographic software allows the authentication of on-chain transactions while hiding the user’s identity. Furthermore, the network’s privacy feature was developed to protect the users and their transactions from vast system exposure while allowing the users to interact and share transaction information regarding audits and regulations.

Zcash implements the concept of two addresses that include the T-addresses and Z-addresses, which drive optional anonymity.

Zcash became the recent addition to Bitcoin of America’s Bitcoin ATMs across the United States. It operates more than 2,500 Bitcoin teller machines across the country, revealed this in an announcement. Zcash network upgrade 5 (NU5) was the first significant upgrade since November 2020. This upgrade includes the launch of the Orchard shielded payment protocol by using the Halo-proving design to eliminate reliance and hassle on complex setup ceremonies. The features and developments built into this upgrade make trustless, private, digital cash payments on mobile phones possible for the first time ever. Halo also establishes the way for increased interoperability by deploying a system that could unlock private cross-chain proofs at scale.

Zcash Price Prediction: Price History And Technical Analysis

Zcash has given an optimistic return in the past. According to our Zcash price prediction, investors need to get a rough idea of price history to understand the future potential of Zcash. However, our Zcash price prediction suggests that the price history of Zcash does not guarantee its future prices.

Zcash went live in the market in 2016, and it grabbed attention which pumped its price. Within the first few weeks, it touched an incredibly sky-high price of around $6000. But this didn’t last long as it quickly dropped to stabilize at a level between $40 and $70. The price of Zcash had fluctuation; for instance, it traded near about $900 in 2018. 

The partnership between Zcash and JP Morgan led ZEC’s price to $900, but this didn’t last long as the end of the crypto boom came, which dropped Zcash’s price. From 2021, Zcash faced a drastic fall of 300%. The crypto market went to the bottom line due to the recent crash, and Zcash is no exception.

Zcash is currently trading near $62 with a market cap of $950,805,083. The coin had a great fluctuation this year. According to our Zcash price prediction, the Bollinger band’s upper limit is $80. Above this resistance level, Zcash can show an upward move and trade near $100. Conversely, the Bollinger band’s lower limit is $50, and below this support level, Zcash can drop further and may trade near its all-time low of $20. However, our Zcash price prediction indicates a pump ahead as RSI and MACD show positive momentum for Zcash.

According to our Zcash price prediction, the token at the end of this year may trade between $71.66 – $80.09, with an average market value of $75.61. Zcash could make a strong comeback from its price history to reach a minimum and a maximum value of $100.55 and $125.03 in 2025. Our Zcash price prediction says that Zcash can get the $300 mark by 2030.

Zcash Price Prediction: Experts’ Opinions

According to Wallet Investor’s Zcash price prediction, ZEC is a bad long-term investment option taking it to halve events. As a result, Zcash will drop to $60 and even as low as $1 by 2025.

Trading Beast’s Zcash price prediction suggests that the price of Zcash will continue to trade moderately without any major change in Q4 2022. For the next few years, $50 is the lowest possible exchange rate for Zcash due to halving and may grow from $130 in 2022 to $145 in 2024.