Zcash Price Prediction Forecast — How Much Will Zcash Be Worth In 2021 And Beyond?
Zcash ZEC Price Prediction Forecast:
How Much Will Zcash Be Worth In 2021 And Beyond?
Will Zcash go up or crash? Read our Zcash ZEC Price Prediction 2021 – 2025
On the hunt for Zcash prediction 2021 - 2025? Or have you been struggling to answer the questions ‘is Zcash a good investment? ‘Will Zcash go up?’ You’re in the right place. We’ll be sharing the top Zcash price prediction for 2021-2025. We’re taking a look at Zcash to find out what the experts have to say about its future performance and how much will ZEC be worth in 2021 and beyond.
With a price of $142.53 and a market capitalization of $1,588,686,322 at the time of writing, it’s clear that Zcash has enjoyed significant growth since the end of November 2020. When we first shared some of the top ZEC price predictions for 2021-2025, the asset was worth $67.93 and its market cap was $717,224,764. That means Zcash has more than doubled in value in just three months. But is this level of growth sustainable?
The last time we saw a bull run on this scale was in 2017-18. The prices that many cryptocurrencies reached weren’t long-lasting, and the majority of assets suffered huge slumps throughout the remainder of 2018. It’s understandable, then, that so many investors are wondering whether the figures we’re seeing now will last — or whether we’re in for a repeat of the 2018 crash.
Zcash was launched in 2016 alongside a flurry of new digital assets that caused the market to skyrocket. Despite entering the market at a price of over $2,000, its value has fallen ever since, leading many investors to wonder ‘will the price of Zcash go up?’ Faced with this evidence, you may find it difficult to believe that the crypto could ever prove a competitor to the likes of Bitcoin.
Zcash has a number of dedicated fans who believe this crypto — which is based on the Bitcoin codebase — offers the perfect blend of privacy and security. In a world where many second and third-generation cryptocurrencies are starting to give big names a run for their money, could Zcash be on its way up?
When it comes to Zcash, another potentially worrying factor is the fact that it’s slipped below so many of its competitors. Back in November, it was the world’s 32nd largest cryptocurrency. Today, according to data from CoinMarketCap, it’s fallen into 47th place. So, should we feel optimistic about the future of Zcash? Or is this altcoin on its way out?
In this article, we’ll attempt to help you answer these questions. We’ve compiled some of the top updated predictions for the price of ZEC. Whether you’re an existing investor or considering adding ZEC to your portfolio, read on to find out whether it’s likely to prove a profitable investment.
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What Is Zcash (ZEC)?
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. (In order to remain compliant with the law, transactions can be traced by authorized individuals in the case of suspected fraud or financial crime).
Built using the Bitcoin technology, 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 authorized 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).
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. On average, Zcash’s fees are just $0.0000039. Although this price increases with the amount of traffic on the Zcash blockchain, the highest its fees have ever been was $0.0060 in April 2018. At less than 1 cent, this is still incredibly cheap when compared to the prices charged by other platforms. (Bitcoin, for example, typically charges $2.5).
If you’re trying to answer the question ‘is Zcash a good investment’, you’re in the right place. Below we’ve brought together a selection of the most compelling Zcash price predictions. Read on to discover what the top crypto analysts believe will happen to ZEC between 2021 and 2025.
Shot-Term Zcash Price Predictions: 2021
Zcash price forecast for 2021
What are crypto experts forecasting for Zcash ZEC in 2021?
Now let’s take a look at what we could expect to happen to ZEC price throughout 2021.
The short-term ZEC price predictions that we shared in November were remarkably bearish. With the exception of Previsioni Bitcoin, which is relentlessly optimistic about the future of cryptocurrency, all of our forecasts suggested that the price of Zcash would crash.
WalletInvestor expected to see a negative growth rate of -43.60075% throughout 2021, leaving the price of ZEC hovering around $39.446. Considering its price was $67.93 at the time these predictions were made, this would have constituted a crash of over 40%. So, has the platform changed its forecast to reflect the latest bull run?
The answer to this question is yes — but unfortunately, WalletInvestor hasn’t increased its predictions as much as we may have hoped. As we can see from the graph above, Zcash won’t come anywhere near its previous all-time high (ATH), which was $2,066 in 2017. In fact, WalletInvestor’s average predictions suggest the asset will spend the majority of the year at a lower price than its current value of $142.53.
The platform has predicted a yearly high of $282.580 at the end of October 2021. While this may seem good news at first glance, this simply seems to be part of a rogue fluctuation (perhaps as part of a bearish adjustment). By mid-November, the price will have slipped to below $100 according to WalletInvestor’s average predictions. Although its maximum price targets suggest we could potentially see ZEC surpass the $500 mark, WalletInvestor clearly doesn’t have much faith in this outcome. Its minimum price target is a dispiriting $0.000001 for almost the entire year, with this rising to a yearly high of $25.377 on October 29th only to plummet back down by November 4th.
Are other platforms more optimistic about the future of Zcash? Let’s take a look at DigitalCoinPrice to see whether its predictions are any brighter. Its predictions back in 2020 were very disappointing, citing a yearly high of just $51.99 in March 2021. Below, we can see how its predictions have changed since the bull run:
Thankfully, DigitalCoinPrice’s predictions aren’t as doom-laden as those from WalletInvestor! According to its forecasts, DigitalCoinPrice expects the price of Zcash to surpass $200 by the start of April 2021 and remain above this value until mid-October. Its yearly high will be $235.99 in September, and although the platform expects the price to fall again in the last months of the year, it will still close 2021 at an encouraging price of $194.23. This is more than $50 higher than its current value, suggesting that its bull run isn’t set to come crashing down in the near future.
Despite Zcash’s underwhelming performance over the last couple of years, could we expect to see a brighter future for the cryptocurrency? The Italian crypto platform Previsioni Bitcoin certainly seems to think so. As we can see in its chart below, it predicts a staggering rate of growth during 2021, with the price of ZEC shooting up to $566.0347 by December 2021.
Although this rate of growth isn’t completely unprecedented, given the extent of its inflation upon entering the market in 2016, it would be a striking contrast to its past years of staticity.
The platform has predicted that the majority of Zcash’s growth will occur from July 2021. Between July and September, its forecasts claim that the price of ZEC will almost double from $143.0947 to $284.0747 — and between September and December, this rate of growth won’t slow down. Its eventual price of $566.0347 will be an incredible end to 2021, representing an increase of around $500 from its current price.
Our final Zcash price prediction for 2021 comes from Long Forecast. Like DigitalCoinPrice, Long Forecast has given a far more positive prediction than WalletInvestor. Its research suggests that we could see Zcash hit $350 before the end of 2021.
The below prediction figures outlines some of the Potential high and low of Zcash ZEC price prediction forecasts in 2021, Despite the fact that its monthly targets are relatively volatile:
Although Long Forecast has predicted the price of Zcash could fall to $85 in February 2021, the majority of its predictions are incredibly bullish.The asset could hit $300 as early as April 2021, though will spend most of the year between $200 and $280. Its progress might not seem particularly linear, but this table still shows an undeniable bullish trend. Compared to the predictions of WalletInvestor, this is very encouraging for any investors who are wondering ‘will Zcash go up in 2021?’
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Long-Term Zcash Price Predictions: 2022-2025
What are crypto experts forecasting for Zcash ZEC in 2022 and beyond?
With such a large range of predictions given for 2021, let’s look ahead to 2022-2025 to see whether the long-term forecasts for ZEC can reach any consensus. For our first long-term Zcash price prediction, we’re returning to DigitalCoinPrice. Back in November, the platform gave an incredibly volatile forecast that showed the price of Zcash crashing down to -$3.62 in May 2023. We can see its updated predictions below:
DigitalCoinPrice has given the following ZEC target prices for 2022-2025:
- 2022: $257.39
- 2023: $299.75
- 2024: $274.24
- 2025: $428.21
The fact that Digital Coin Price platform expects the price of Zcash to continue climbing over the next five years, with its most significant price increase occurring between 2024 and 2025, is good news for both current and prospective investors.
Although DigitalCoinPrice clearly doesn’t expect ZEC to hit a price of $300 as soon as Long Forecast does, it still suggests that the bull run won’t come crashing down within the next five years.
Does Trading Beasts agree with this prediction? As we can see from the table below, Trading Beasts doesn’t expect the price of ZEC to fall, but its price targets for 2024 are still pretty modest in comparison to those from DigitalCoinPrice.
Considering the current price of Zcash is $142.53, the numbers in the average price column are slightly disappointing. They don’t suggest that ZEC will lose value, but they definitely don’t show significant growth either. As you’d expect, Trading Beast’s maximum predictions are much more encouraging, though don’t necessarily indicate that the asset could hit $300 by 2025. This means that its maximum forecast is still cautious when compared to DigitalCoinPrice’s average targets.
Even more encouraging is this prediction from Coinliker. This platform consistently gives remarkably optimistic forecasts, but is keen to explain that they aren’t as wild as they might appear. When it comes to Zcash, Coinliker believes that technological developments and increased adoption of the currency could drive the price of ZEC up. We can see its exact Zcash predictions for 2021-2025 in the table below:
2021-2022: Price: $252.86
2022-2023: Price: $424.29
2025: Price: $921.43
According to Coinliker’s unique Zcash forecast algorithm, the price of ZEC is set to shoot up to $252.86 in 2021, $424.29 in 2023 and $921.43 in 2025.
These whopping growth rates of +890% and +2,050 haven’t been seen since Zcash’s breakout year in 2016 and make a welcome change from its sluggish progress over the last couple of years.
As a long-term investment, it projects that Zcash could perform very well. According to its predictions, the value of the Zcash price could rise to $231 by the very end of 2021 rising to $320 in 2022, and achieving a mean price of $650 by 2025.
Additional Zcash Price Predictions for 2023 and 2025:
ZEC Price Predictions 2023:
Long Forecast: $90
Previsioni Bitcoin: $592.70
ZEC Price Predictions 2025:
Conclusion: Zcash (ZEC) Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of Zcash price prediction forecasts in 2021, 2022, 2023, and 2025, offered by technical analysts and industry experts.
Zcash could perform very well in the coming years. According to experts' predictions, the value of Zcash coin could rise to $245 by 2021, $340 in 2022, hitting to $450 in 2023 and achieving a mean price of $750 by 2025.
How Has The Price Of Zcash Changed Over Time?
In order to make the most reliable cryptocurrency predictions, it’s important not just to look ahead, but also to look back at the previous price performance of Zcash. We can see how the price of ZEC has changed over time by looking at this graph from Coinlib.io:
Because Zcash was released in 2016 (one of many cryptocurrencies that were launched between 2016 and 2018, causing the industry to undergo extreme inflation), it was immediately subject to an enormous change in price. Unusually among cryptos, its ATH came almost straight upon the asset entering the market. In the years since, Zcash hasn’t come near matching its ATH of $2,066.
The industry-wide inflation occurred mainly towards the end of 2017 and the start of 2018. Zcash joined this trend, climbing to its second-highest price of $687.26 in January 2018. Unfortunately, this didn’t last long. By the middle of the year, its price was following a firm downwards trajectory and it’s not surpassed $100 ever since.
For the last year, many investors have been asking ‘why is Zcash going down?’ The crypto has gained a rather poor reputation for its underwhelming performance since the middle of 2018, which seems all the more disappointing when compared to its strong market entry at over $2,000.
In fact, Zcash briefly became the world’s most valuable cryptocurrency in October 2016. Investor hysteria caused the price of ZEC to skyrocket after the mining of its genesis block and its ATH temporarily placed it above the likes of even Bitcoin. This set high expectations. Unfortunately, the asset hasn’t yet been able to meet them. But could that be set to change?
The cryptocurrency market’s latest bull run has sent the price of Zcash to its highest value since 2017, though it didn’t necessarily get caught up in the first wave of growth. While Bitcoin and other big names started to increase in value in December, the majority of Zcash’s growth has occurred in early 2021. Between January 3rd and January 15th, the price of ZEC rose from $59.74 to $117.66 — and the first week of February has driven the price to its current value of $142.53. The rapid growth has left many investors and analysts struggling to keep up, so only time will tell which of the predictions included in this article will prove to be the most accurate.
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What Factors Affect The Price Of Zcash?
As we touched upon in the previous section, the price of Zcash — and every other cryptocurrency — can be affected by a number of different factors. These factors are both internal (for example, changes to the founding team or technology) and external (for example, general cryptocurrency trends and regulations).
We’ve compiled a list of the biggest factors that can affect the price of ZEC. In order to make the most reliable Zcash price predictions 2021-2025, it’s important to be able to identify factors that could cause its price to plummet or soar. This will make it much easier for you to predict potential price changes in the wake of other factors.
Supply and Demand
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.
Social Buzz and Investor Confidence
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 new-found popularity.
A strong example of this occurred immediately upon the launch of Zcash. During this time, interest in the crypto sector was at an ATH and investors were eagerly awaiting the arrival of ZEC on crypto exchanges. In fact, 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 prior to this, it wouldn’t be a genuine offer.
Like Bitcoin, Zcash undergoes a regular halving (or halvening) in order to control its total supply and reduce inflation. The first Zcash halving occurred on November 18th 2020. This event saw the reward for mining new Zcash blocks slashed from 6.25 ZEC to 3.125.
Because halving reduces the supply of an asset, it usually has the effect of driving its price up. This has historically been the case for Bitcoin and, as we saw this time round, is also the case for Zcash. Between November 9th and November 23rd, the price of 1 ZEC rose from $61.50 to $76.39, according to Nomics.
Read More: Top 10 Cryptocurrencies To Invest In 2021
Zcash Price Prediction - Key Points
- Zcash was built on the Bitcoin codebase and entered the market in 2016.
- It uses a zero-knowledge proof technology called zk-SNARK to ensure complete privacy for people making payments over its network.
- On average, Zcash’stransactions fees are just $0.0000039, making it a much cheaper platform than Bitcoin.
- The Italian crypto platform Previsioni Bitcoin predicts a staggering rate of growth during 2021, with the price of ZEC shooting up to $566.0347 by December.
- For 2022, Previsinoi Bitcoin has predicted a yearly low of $281.3746.
- Coinliker has given a staggeringly optimistic forecast of $424.29 in 2023 and $921.43 in 2025 but claims these predictions aren’t as unreasonable as we may think.
- DigitalCoinPrice expects the price of Zcash to surpass $200 by the start of April 2021 and remain above this value until mid-October.
- Long Forecast has given the most bullish short-term prediction, believing Zcash could hit $350 before the end of 2021.
- By 2025, DigitalCoinPrice believes ZEC will be worth $428.21.
- For December 2024, Trading Beasts has given a maximum price prediction of $234.052, an average prediction of $187.241, and a minimum prediction of $159.155.
- Zcash hit its ATH of $2,066 in 2016.
- The price history of Zcash has been overwhelmingly bearish, due mainly to the fact it hit its ATH of $2,066 immediately upon entering the market and hasn’t lived up to this since.
- In October 2016, Zcash briefly became the world’s most valuable cryptocurrency, even beating Bitcoin to the top spot.
- The key factors that can affect the price of Zcash include supply and demand, social buzz and investor confidence levels, and the regular ZEC halving.
- Making Zcash ZEC price predictions can be incredibly difficult, due to the unpredictability of the market.
We hope that you found this article about the top Zcash price predictions for 2021-2025 helpful. Whether you’re an existing investor or asking ‘is Zcash a good investment’ in order to take the plunge, these forecasts overwhelmingly suggest that the price of ZEC hasn’t yet reached its peak. Although the different platforms disagree as to the extent and timing of the growth, the consensus seems to be that the asset won’t lose long-term value in the next five years.
Whether you’re an existing or prospective Zcash investor, we hope that you’ve found our latest article helpful and are closer to answering the question ‘is Zcash a good investment?’
The majority of Zcash price predictions 2021-2025 seem to agree and suggest that Zcash is a good long-term investment. While the cryptocurrency may not gain value over the course of the next year, the outlook is much more positive when we focus on 2024 and 2025. If you’re happy to hold long-term positions, this means that Zcash could be a creditable investment over the next five years.
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Zcash Price Predictions — FAQs
Does Zcash have a future?
According to the predictions that we’ve included in this article, Zcash could have a profitable long-term future. With the exception of Previsioni Bitcoin, none of the 2021 Zcash price predictions mentioned here believe that its price will increase over 2021. However, the price of ZEC seems likely to increase towards 2024 and 2025.
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, authorized 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.
Will Zcash hit $200?
Many cryptocurrency predictions believe that Zcash will hit $300. Although Previsioni Bitcoin alone believes that it will achieve this milestone during 2021, other platforms believe this is an achievable target for the next five years.
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.