- By the end of this year, the ZEC token is forecasted to surpass $55 and settle around the $99 level.
- Zcash (ZEC) may oscillate between $350 and $570 by 2030, driven by technological advancements.
- ZEC could peak at $5,000 by 2040, with potential lows around $2,500 due to market fluctuations.
Cryptocurrencies are steadily capturing global attention, even as regulations become more stringent. Beyond the giants like Bitcoin, Ethereum, and Solana, other digital assets are emerging as attractive options for savvy investors.
Among these is ZEC, a cryptocurrency with the potential to yield significant long-term returns. Zcash stands out in digital assets, especially for its robust privacy capabilities.
Since its debut on October 28, 2016, Zcash has leveraged blockchain technology with an open-source code, earning a market capitalization of $661.88 million. With a maximum supply limit of 21 million coins, Zcash is increasingly seen as a formidable player in the cryptocurrency arena.
Although Zcash is built on the same framework as Bitcoin, its market value presents a stark contrast. While Bitcoin soars beyond $58,439, ZEC holds steady at just over $40.55. This raises the question: Is ZEC a good investment?
Let’s discover more in this Coin Edition’s price prediction article by deciphering ZEC’s potential for growth in the cryptocurrency market.
Zcash (ZEC) Real-Time Market Status
| 🪙 Name | Zcash |
| 💱 Symbol | ZEC |
| 🏅 Rank | #81 |
| 💲 Price | $42.679506614935 |
| 📊 Price Change (1h) | 1.01 % |
| 📊 Price Change (24h) | 3.87 % |
| 📊 Price Change (7d) | 56.15 % |
| 💵 Market Cap | $696882454.12606 |
| 💸 Circulating Supply | 16328268.75 ZEC |
| 💰 Total Supply | 16328268.75 ZEC |
Zcash (ZEC) is currently trading at $42.679506614935 and sits at number #81 on CoinMarketCap in terms of market capitalization. There are 16328268.75 ZEC coins currently in circulation, bringing the total market cap to $696882454.12606.
Over the past 24 hours, Zcash has increased by 3.87%. Looking at the last week, the coin is up by 56.15%.
What is Zcash (ZEC)?
Zcash (ZEC) originated from the Bitcoin codebase, yet it sets itself apart with a distinct hashing algorithm and enhanced security protocols. Initially known as Zerocoin, it evolved into Zcash, introducing the concept of “shielded addresses” through zk-SNARKs, offering users a unique anonymity layer.
With Zcash, users have the flexibility to choose between shielded and transparent transactions, catering to varying privacy needs. This cryptocurrency, designed as a decentralized and open-source means of payment, prioritizes privacy and security, making it accessible to anyone seeking a confidential way to transact.
Is Zcash a fork of Bitcoin? Absolutely. While it shares its roots with Bitcoin, Zcash diverges significantly by integrating sophisticated privacy features, setting a new standard for secure digital transactions.
ZEC Current Market Status
Over the past year, Zcash has been on a rollercoaster ride as its price exhibited heightened volatility. With the bears dominating the market for most of the year, Zcash’s price hit a low of $15.87 on July 5.
However, this bearish dominancy didn’t last long as the market quickly shifted its sentiment to bullish upon hitting this low. As a result, the ZEC token experienced a massive rebound toward the $40 zone support, marking a vast 164% uptick in a month.
This uptick has been mirrored on the monthly and weekly charts, indicating a solid bullish track for ZEC in the long term. Yet, as with any rapid ascent, ZEC has seen a pullback. After retesting the $39.50 support level today, it has settled slightly above $40, indicating a possible consolidation phase following its sharp rise.
Source: CoinMarketCap
As of press time, ZEC exchanged hands at $40.60, reflecting a 1.60% dip in the last 24 hours. This slight retraction has further affected its market cap, placing it in the 81st spot in crypto rankings with a value of $662 million.
Meanwhile, ZEC’s 24-hour trading volume contrasts starkly with its value surging 23.98% to $99.704 million. This signals that there is still significant trading activity in the ZEC market, probably traders taking their profits from the recent surge.
Zcash (ZEC) Price Analysis
Amidst this recent surge, it will be interesting to see if ZEC can maintain its current position in the crypto rankings or if further fluctuations are on the horizon. In this section, Coin Edition delves into ZEC’s price analysis to explore potential factors that could impact its future performance in the market.
Zcash (ZEC) Price Analysis – Bollinger Bands
From a technical standpoint, ZEC’s Bollinger Bands are expanding, indicating increased volatility in the asset’s price movement. With the asset’s price trading along the upper arm of the Bollinger Bands, traders may interpret this as a sign of overbought conditions, potentially leading to a short-term reversal in price.
Source: TradingView
Therefore, it is crucial to consider critical levels around the Bollinger Band’s middle band at $39.90 and the lower band at $26.17 for potential support, which could play a key role in sustaining Zcash’s long-term bullish momentum.
Zcash (ZEC) Price Analysis – Relative Strength Index
The RSI indicator shows a similar image as its RSI line trends in overbought conditions. Often, this scenario is interpreted as a warning sign for a possible price correction in the near term.
Source: TradingView
Moreover, the RSI line positioned at 75.78 means there is ample space for ZEC’s price to plummet significantly before reaching oversold conditions. This could pull ZEC toward the $30 mark, with the potential to reach the Bollinger Band’s lower arm at the $26.17 threshold.
Zcash (ZEC) Price Analysis – Moving Average Convergence Divergence
On the other hand, the MACD indicator shows a solid positive price action for the ZEC token, as its blue line at 3.19 is moving in a vertical direction. Despite this optimism, the MACD histogram chart reveals that the bullish momentum is weakening, indicating a possible shift in market sentiment.
Source: TradingView
This is evident as its green bars decrease in size toward the zero line. Should this move persist in the short term, ZEC could experience a slight correction before potentially resuming its upward trend.
Zcash (ZEC) Price Prediction 2024-2030
| Price Prediction | Potential Low ($) | Potential High ($) |
| 2024 | $15.85 | $99.00 |
| 2025 | $75.00 | $150.00 |
| 2026 | $55.00 | $125.00 |
| 2027 | $99.62 | $216.30 |
| 2028 | $140.00 | $371.88 |
| 2029 | $289.00 | $450.00 |
| 2030 | $350.00 | $570.00 |
| 2040 | $2,500.00 | $5,000.00 |
Zcash (ZEC) Price Prediction 2024
On the weekly chart, the DMI indicator indicates a relatively weak trend as its ADX reads 16.7437, suggesting a potential period of consolidation or slowdown in momentum. However, the +DI at 29.9741 outpaces the -DI at 16.0816, signalling that the bulls hold the upper hand, with buying pressure surpassing selling pressure.
This configuration hints at a possible continuation of the bullish trend. However, traders should remain cautious due to the low ADX, which indicates that the trend might not be firmly established yet.
Source: TradingView
If the current wave of optimism gains momentum, market experts anticipate that the ZEC token could challenge the $55 resistance level, possibly pushing beyond this barrier. A breakthrough here might propel the token toward a significant high, near the $99 mark by year’s end.
Conversely, if the market experiences a correction, ZEC could revisit the $22 level in search of support. Should this support falter, the token may find itself drifting toward its annual low of $15.85.
Zcash (ZEC) Price Prediction 2025
According to our price prediction, ZEC could experience a significant surge due to the post-BTC halving effect in 2024, potentially reaching a high of $150. However, a market correction could return the price to around $75.
Zcash (ZEC) Price Prediction 2026
Coin Edtion forecasts that ZEC may face downward pressure in 2026 following the diminished BTC halving hype, potentially dropping to a low of $55. Nonetheless, as market sentiment gradually improves, it could recover to $125 by year’s end.
Zcash (ZEC) Price Prediction 2027
Coin Edition predicts that anticipation of the 2028 Bitcoin halving could drive market optimism, potentially propelling Zcash (ZEC) to a high of $216.30. Earlier in 2027, the token might experience a pullback, with prices dipping to a low of $99.62.
Zcash (ZEC) Price Prediction 2028
Coin Edition projects ZEC could witness impressive growth in 2028, fueled by the anticipated BTC halving. This could push the price to a new high around the $371.88 threshold. Yet, a market correction might loom, driving prices down to $140.
Zcash (ZEC) Price Prediction 2029
Community support and broader adoption could drive ZEC to a high of $450. However, market fluctuations might lead to a low of around $289, reflecting the volatility and variability in cryptocurrency markets.
Zcash (ZEC) Price Prediction 2030
Zcash (ZEC) has the potential to hit new highs, with Coin Edition’s prediction suggesting it could surpass $570, driven by ongoing technological advancements and growth within the cryptocurrency market. However, during periods of consolidation, ZEC may encounter resistance around the $350 mark.
Zcash (ZEC) Price Prediction 2040
ZEC is projected to achieve a notable peak of $5,000 as it matures. This optimistic forecast reflects its potential to establish itself within the market. Despite this high projection, ZEC could experience significant lows. Market cycles and external economic factors may drive its price down to around $2,500.
FAQs
Zcash (ZEC) is a privacy-focused cryptocurrency originating from the Bitcoin codebase, offering users the option to conduct shielded, anonymous transactions through zk-SNARKs technology.
You can buy Zcash (ZEC) on major cryptocurrency exchanges like Binance, Coinbase, and Kraken by trading it with other cryptocurrencies or fiat currencies.
Zcash (ZEC) has the potential for long-term gains due to its privacy features and market adoption, but it also carries significant risks due to market volatility.
According to CoinMarketCap’s data, ZEC’s all-time high is $5,941.80, reached shortly after its launch in 2016.
Yes, Zcash (ZEC) can reach $500 by the end of 2030.
The circulating supply of Zcash (ZEC) is approximately 16 million coins out of its maximum supply of 21 million.
It’s uncertain if Zcash (ZEC) will surpass its current all-time high due to market volatility and competition.
The lowest recorded price of Zcash (ZEC) is approximately $15.87, reached on July 5, 2023.
Zooko Wilcox-O’Hearn founded Zcash (ZEC).
Zcash (ZEC) was launched on October 28, 2016.
ZEC can be stored in cryptocurrency wallets that support Zcash, such as Ledger, Trezor, and official Zcash wallets.
In 2024, ZEC could range between $15.85 and $99.00, depending on market conditions.
ZEC’s price in 2025 is projected to range between $75.00 and $150.00, with potential growth influenced by market trends.
2026 ZEC’s price might fluctuate between $55.00 and $125.00, following market sentiment post-BTC halving.
ZEC’s price in 2027 could range from $99.62 to $216.30, driven by anticipation of the 2028 Bitcoin halving.
Depending on market conditions and BTC’s halving effects, ZEC might reach a high of $371.88 in 2028 and a possible low of $140.00.
ZEC could trade between $289.00 and $450.00 in 2029, supported by community growth and broader adoption.
Due to ongoing technological advancements, ZEC’s price is projected to range from $350.00 to $570.00 in 2030.
ZEC could potentially reach $5,000 by 2040, though market fluctuations may also drive it down to around $2,500.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
