Zcash (ZEC) Price Prediction

Will ZEC go up or crash?

Last Updated September 29th 2022
17 Min Read

Zcash Overview

Zcash (ZEC) is one of the top privacy coins, however, in the last several years since its creation, it has at times struggled in comparison to other crypto assets. So, what are Zcash’s prospects? How much can Zcash be worth? Before we reveal our Zcash price predictions, let’s review what makes Zcash so unique.

ZEC Overview

Cryptocurrency Zcash
Ticker Symbol ZEC
Rank 54
Price $56.72
Price Change 24h 1.63%
Price Change 7d 1.07%
Market cap $871,921,226.53
Circulating Supply 15,371,831.25
Trading Volume $39,274,421.70

As the crypto market continues to evolve and regulation gets tougher, could we see Zcash resurge once more? Here’s a quick look at how much Zcash could be worth.

According to price predictions, Zcash will reach $348.21 by the end of 2022, rising to $861.79 by the end of 2023 and $2,138.70 by the end of 2025. ZEC token will then be valued at $3,001.99 in 2027, and $6,233.90 in 2030.

If you want to buy Zcash ZEC quickly and easily, check out eToro!

ZEC — The Top Privacy Coin?

Zcash was launched in 2016 alongside a flurry of new digital assets that caused the market to skyrocket at the time. Zcash was forked from the Bitcoin blockchain to create a privacy-focused cryptocurrency. Just like Bitcoin, Zcash has a total supply of 21 million coins.

Some of Zcash’s rivals include:

  • Monero (XMR)
  • Dash (DASH)
  • Bitcoin (BTC)
  • Oasis Network (ROSE)
  • Decred (DCR)

What’s The Point Of Zcash?

Zcash is a digital asset and publicly-encrypted blockchain. It has previously been described as a scientific breakthrough in cryptography, thanks to its use of a zero-knowledge proof technology called zk-SNARK. Whereas Bitcoin markets itself on its transparency, Zcash’s network has been built so that users and transactions can remain anonymous.

To remain compliant with the law, transactions can be traced by authorised individuals in the case of suspected fraud or financial crime.

Some of Zcash’s benefits include:

  • An average transaction fee of $0.00024.
  • Transaction anonymity is more similar to everyday cash transactions (it is not necessary to share so much information between transactors).
  • Block time of approximately 75 seconds, significantly faster than Bitcoin’s 10 minutes.
  • Zcash users can have two addresses, one private, one public and can choose which one to use.

Who Is Behind Zcash?

Zcash was founded by Zooko Wilcox O-Hearn in 2016 and entered the market the same year. It uses the Bitcoin model of a public ledger but ensures that transactions are only visible to authorised users.

By contrast, Bitcoin transactions are fully transparent — a factor that soon started to worry security-conscious crypto traders, who were concerned that their financial and personal data would be compromised.

What Is Zcash Used For?

Aside from privacy, another pain point that Zcash sought to solve was the issue of high transaction fees. Again, this was something that bothered Bitcoin investors, who were battling both high fees and slow transaction times. Zcash transaction fees are microscopic.

Although fees increase with the amount of traffic on the Zcash blockchain, they have never exceeded $0.006. At less than 1 cent, this is incredibly cheap when compared to the prices charged by other platforms. (Bitcoin, for example, typically charges $2.50.)

Uses a similar hashing algorithm to Bitcoin and is proof-of-work as they both have a very similar codebase. This means that Zcash can be mined.

Who Uses Zcash?

Zcash has many dedicated fans who believe this crypto — which is based on the Bitcoin codebase — offers the perfect blend of privacy and security. Zcash users are more likely to be very loyal and less likely to be interested in smart contract features.

According to Zcash’s website, ‘hundreds of merchants and non-profit organisations’ accept Zcash as a payment method. There are also payment apps such as Gemini Pay which allow ZEC holders to make payments at retailers with their crypto.

Technical Analysis Of Zcash’s (ZEC) Price Movements

The first known price of Zcash, according to CoinMarketCap, was $574.82 on the 30th of October 2016. There was no ICO (initial coin offering).

Zcash’s all-time high is $5,941.80 and reached on the 29th of October 2016 — a day before it was listed on CoinMarketCap — suggesting that ZEC lost more than 10 times its value in a day. Zcash’s all-time low was recorded as $18.94 on the 13th of March 2020.

In 2021, ZEC began the year at $56.79 and closed the year at $146.56. Zcash’s 52-week high is $370.14, and the 52-week low is $82.28.

Zcash Price Chart

Zcash price chart

ZEC/USD price chart. Source: Coinmarketcap

buy zcash

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Expert’s Take On Zcash Price Predictions

Except for Trading Beasts, most Zcash price predictions foresee the price of ZEC increasing over the next several years.

Coin Price Forecast: “According to the latest long-term forecast, ZCash price will hit $200 by the end of 2022 and then $250 by the middle of 2023. ZCash will rise to $300 within the year of 2024 and $500 in 2028”.

Price Prediction: “The price of 1 Zcash is expected to reach [a] minimum level of $552.75 in 2025. The ZEC price can reach a maximum level of $634.29 with the average price of $571.68 throughout 2025”.

WalletInvestor: “Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-03-06 is 400.966 US Dollars. With a 5-year investment, the revenue is expected to be around +195.33%. Your current $100 investment may be up to $295.33 in 2027”.

CryptoGround: “As per the forecast and algorithmic analysis, [the] price of 1 ZCash (ZEC) will be around $486.0520 in 2025”.

ICOcreed: “The price of Zcash is expected to reach [a] minimum value of $2,762.06 in 2030. The Zcash price could reach a maximum value of $3,231.72 with the average trading price of $2,858.56 throughout 2030”.

DigitalCoinPrice: “Zcash’s average price may reach $528.21 in December 2028. The maximum value of Zcash could be $528.21, while the minimum value could be $398.12”.

Trading Beasts: “according to our forecasts, the Zcash price is going to decrease. Now the Zcash price is $133.170, but by the end of 2023, the average Zcash price is expected to be $97.757”.

Coinskid: “Our Forecast System predicts that Zcash could possibly increase in value in the short term by +13% to $153.40 from $136.33. The system forecasts a +7% move from $136.33 to $145.73 over the next month, Zcash has a price prediction of $123.57 in over a [year’s] time”.

Gov Capital: “Future price of the asset is predicted at $104.57967355324 (-23.953% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $76.047 on 2023 March 10, Friday”.

Ready to invest in Zcash?

buy zcash

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Zcash (ZEC) Price Predictions

Our Zcash price predictions until 2030 are influenced by the following factors. Get to know them well.

The balance between supply and demand is the number one factor that affects the price of Zcash. Because both supply and demand are themselves dependent on other factors, this could be considered an umbrella factor. If you want to make accurate predictions regarding the price of Zcash, monitoring the relationship between supply and demand should be your number one priority.

If more people want to buy ZEC than sell it, this will drive up the demand and consequently the price. If more people want to sell than buy, this will have the opposite effect — causing the demand and therefore the price to fall. 

Analysts have noticed a strong correlation between the number of mentions an asset receives on social media and its price performance. This is because social media activity is a strong indicator of investor interest. When more people are talking about a particular cryptocurrency, it drums up curiosity, causing many investors to try to cash in on its newfound popularity. 

A strong example of this occurred immediately upon the launch of Zcash. During this time, interest in the crypto sector was at an all-time high and investors were eagerly awaiting the arrival of ZEC on crypto exchanges.

Investor excitement was so high that the Zcash founding team had to take to Twitter to remind investors of Zcash’s official release date and warn them that if anyone offered them ZEC before this, it wouldn’t be a genuine offer. 

Like Bitcoin, Zcash undergoes a regular halvening (or halving) to control its total supply and reduce inflation. The first Zcash halvening occurred on the 18th of November 2020. This event saw the reward for mining new Zcash blocks slashed from 6.25 ZEC to 3.125 ZEC. 

Because halvenings reduce the supply of an asset, it usually has the effect of driving its price up. This has historically been the case for Bitcoin and is also the case for Zcash. 

With so much going for it, Zcash is evidently a top short-term and long-term investment. Here are our Zcash price predictions for 2022 to 2030.

Zcash (ZEC) Price Prediction 2022

Tougher crypto regulation in the USA and the Russia-Ukraine war will see more investors place their crypto holdings in Zcash.

The average price of ZEC will break above $200 midway through 2022 and soar to a high of $348.21. The lowest predicted price of Zcash for 2022 is $73.40. By the end of 2022, Zcash crypto will be worth $312.14, as per price prediction.

Zcash (ZEC) Price Prediction 2023

Increased merchant adoption in 2023 will give Zcash more usability and give traders more reason to own the asset. After hitting a glorious high of $861.79, ZEC will level out at an average of $425.95 for much of the year, as per our 2023 Zcash price prediction data. The yearly low will be $272.97, and the end of year price will be $787.10.

Zcash (ZEC) Price Prediction 2024

In 2024, Zcash and Bitcoin will both go through a halvening which will reduce the supply of newly created coins.

As per our Zcash price forecast for 2024, we expect a minimum price in the region of $769.79. We also expect that the coin will reach a maximum price of $1,518.27 within the year. Based on these figures, the average price of the Zcash coin will be $1,257.19.

Zcash (ZEC) Price Prediction 2025

Technical improvements in 2025 will see Zcash become easier to use, attracting less tech-savvy investors.

In 2025, our forecast shows that Zcash will reach the $1,400 mark early and the average price will be in that region.  As per our Zcash Price prediction for 2025, the minimum price is expected to be $1,121.62 while the maximum price is projected to be $2,138.70. The ZEC average price for the year 2025 should be in the region of $1,406.87. 

Zcash (ZEC) Price Prediction 2026

As regulation gets increasingly rigorous in 2026, crypto traders will become more interested in privacy coins like Zcash. With a low estimate of $1,745.51, the Zcash price prediction anticipates that ZEC will reach a high of $2,606.80 in 2026 and close the year with an average of $1,990.31.

Zcash (ZEC) Price Prediction 2027

Many investors will want to know what the price of ZEC will be traded in the next five years. Based on what we know, the price of the token will increase before 2027. With a cleaner reputation, 2027 will finally be the year that Zcash overtakes its long-standing rival, Monero.

The five-year price forecast for Zcash expects ZEC to trade at an average price of $2,789.50 and then end 2027 at $2,814.20. At the highest, Zcash can reach a monumental $3,001.99 while on the other hand, it can sink to a low of $2,475.57, as per epxerts' Zcash price prediction.

Zcash (ZEC) Price Prediction 2028

Another halvening will take place in 2028, further reducing the supply of newly minted BTC and ZEC. The price of Zcash is predicted to reach a minimum of $2,766.92 in 2028. The ZEC price could reach a maximum value of $3,609.71. At the end of 2028, the Zcash price prediction is an average of $3,350.89.

Zcash (ZEC) Price Prediction 2029

After a massive improvement in Zcash’s performance, 2029 will be the year institutional investors will start to dig their teeth into ZEC.

According to our 2029 forecast for Zcash, the minimum price of the ZEC coin will be $3,977.00 while the maximum price should be up to $4,787.55. Most of the gains will be made during the last six months of the year. Throughout the year 2029, the average price per Zcash token should be in the region of $4,108.11. 

Zcash (ZEC) Price Prediction 2030

By 2030, Zcash will be seen as a safer investment compared to other altcoins. The coin will record a significant growth in 2030. 

As per our Zcash price prediction and forecast for 2030, it is expected to record a minimum price of $4,412.34 while the maximum price is expected to be $6,233.90. The average price per ZEC token is projected to be in the region of $5,260.18. 

buy zcash

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: What Could Zcash Be Worth?

Zcash stands a good chance of dominating the privacy coin sector of the crypto market and improving upon what Bitcoin was designed to do. Though it has struggled to make gains over the last few years, its resilience will be rewarded in the future.

When it comes to Zcash, a potentially worrying factor is the fact that it’s slipped below so many of its competitors. Once a very real competitor to Bitcoin, Zcash has fallen into obscurity among newer investors. To counter this, it needs to speed up the adoption of ZEC.

Elsewhere, regulation could be fiercer if it comes after Zcash because of its privacy aspect. Though Zcash has attempted to have an open dialogue with regulators to help them understand the nature of its technology, specifically that it is not designed for criminal purposes, we all bore witness to Ripple’s falling out with the SEC.

In the end, it is not a question of if regulators will come after Zcash, but when and then if Zcash can stand up to the pressure that would be piled on top of them.

Will Zcash Go Up?

Our Zcash prediction suggests that the median price will be valued at $290 within the first six months and reach $313 by the end of the year. According to experts' price forecasts, the average price per ZEC token will stay above the $1,000 mark in 2025. 

Can Zcash Hit $1,000?

Yes, as per Zcash Cash Forecast, prices can hit the $1000 mark in the long-term, but it will take time. Currently, the coin holds the potential for a significant bullish run in the next 5 years based on technical outlook. Experts think that ZEC will hit that target for the first time by 2024.

Will Zcash (ZEC) Reach $10,000?

Unfortunately, our Zcash price prediction does not see ZEC reaching $10,000 per coin this decade.

FAQ

Does Zcash Have A Future?

Zcash could have a profitable long-term future. As crypto regulation gets tighter in the USA and the Russia-Ukraine war rages on, more crypto users will look to privacy coins in 2022.

Is Zcash Better Than Bitcoin?

There’s no straightforward answer to the question ‘is Zcash better than Bitcoin?’ Zcash offers lower transaction fees and will be the preferred choice for people who are concerned about the privacy aspects of Bitcoin. Many analysts believe that second and third-generation altcoins are better than Bitcoin because they have had the chance to solve potential problems with hindsight. However, there’s no denying that Bitcoin is still the largest and most popular crypto in the world. 

Is Zcash Safe?

As far as we know, Zcash is safe. Lots of potential investors (and regulators) fear that Zcash’s focus on anonymity makes the platform a haven for illegal transactions. However, authorised people do have the power to view the details of particular transactions if necessary. This means that the network is fully compliant with the law.

Is Zcash A Good Investment?

Zcash is predicted to increase significantly in the next several years. If Zcash can hit its highest 2030 target of $6,233.90, this figure would represent a 4,449.63% increase from its 2022 price.

Will Zcash Rise?

Zcash will rise despite its troubled beginnings. According to our Zcash price prediction, ZEC will exceed $6,000 by 2030, surpassing its all-time high.

When Will Zcash Take Off?

The Zcash price prediction forecast for the rest of the decade pinpoints the year 2024 as the most likely year ZEC will take off. In 2024, Zcash will appreciate above $1,000 per coin, a level it has failed to meet since the 2017/8 bull run.

Zcash Price Prediction 2040

By 2040, our Zcash price prediction indicates that ZEC would be worth over $20,000 per coin.

eToro – Buy Zcash With 0% Commission

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Further Reading:

Pros and Cons of Investing in ZCash

Should You Buy ZCash?

How To Buy Zcash (ZEC) - Beginner’s Guide

Is ZCash A Good Investment And Should I Invest in ZEC?

Disclaimer: Zcash and other cryptos are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.

Exclusive: Get The Latest Crypto Price Predictions Direct To Your Inbox Now!

What you’ll get: Weekly updates on the latest and trending Cryptocurrencies along with exclusive insights and information on the hottest Crypto Trends.