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 question ‘is Zcash a good investment? You’re in the right place. We’ll be sharing the top Zcash price prediction for 2021 and beyond. we’re taking a look at Zcash ZEC to find out what the experts have to say about its future performance and how much will Zcash be worth in 2021 and beyond.
With a market capitalization of $717,224,764 Zcash (ZEC) is the world’s 32nd biggest cryptocurrency. It might not sound particularly impressive, but 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?
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.
If you’re trying to answer the question ‘is Zcash a good investment’, you’re in the right place. In this article, 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.
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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).
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.
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:
Considering the price of Zcash is currently $67.93, it would need to increase by around $30 in the final weeks of 2020 in order to achieve Previsioni Bitcoin’s expectations for January 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.
From high to low: when compared to Previsioni Bitcoin’s predictions, DigitalCoinPrice’s forecasts are incredibly disappointing. Looking at the graph below, we can see that the platform expects the price of Zcash to crash to a bleak $7.21 by the start of 2021. Although it predicts that the price will re-climb to $51.99 by March, this will be its highest point all year — an unwelcome prospect considering that’s more than $10 lower than its current price.
Although it’s characterized by a series of distinct peaks and troughs, the outlook is overwhelmingly bearish. Ending the year at a price of just $34.05, it’s clear that the news for Zcash investors isn’t good according to DigitalCoinPrice.
So, does WalletInvestor agree with this outlook? Unfortunately, yes. According to its analysis, the website believes that the price of Zcash could fall to $39.446 — a negative growth rate of -43.60075%.
Like DigitalCoinPrice, this prediction is a world away from Previsioni Bitcoin’s optimistic outlook. If you’re a Zcash investor, you may well feel confused when faced with such contrasting projections. By looking ahead to 2022-2025, we might be able to see which of these forecasts is the most reliable.
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Long-Term Zcash Price Predictions: 2022-2025
What are crypto experts forecasting for Zcash ZEC in 2022 and beyond?
Well Many traders are keen to know what the next 5 years could have in store for the price of Zcash ZEC. If you’re looking for a long term Zcash price prediction 2025, or even wondering ‘should I invest in Zcash?’, keep reading.
Let’s start by returning to Previsioni Bitcoin. Considering the positivity of its 2021 forecasts, what does it predict for the years ahead?
As we can see from this graph, Previsioni Bitcoin doesn’t expect 2021’s bullish trend to continue into 2022. That said, the forecast is still significantly higher than its current price. With a predicted yearly low of $281.3746, this may represent a slump from its potential growth in 2021, but it’s much more encouraging than the ZEC prices we saw from DigitalCoinPrice and WalletIinvestor.
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 predictions in the table below:
2021-2022: Price: $252.86, Growth: +490%
2022-2023: Price: $424.29, Growth:+890%
2025: Price: $921.43, Growth:+2050%
According to Coinliker’s unique Zcash forecast algorithm, the price of ZEC is set to shoot up to $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.
Our final long-term Zcash price prediction comes from DigitalCoinPrice. For 2021, the platform predicted a disappointing performance from ZEC, with its price crashing to $7.21 at the start of the year. If you’re wondering whether its expectations remain bleak for 2022 and beyond, there’s some good news. Although it doesn’t foresee the same heights as Coinliker, it does believe that 2024 and 2025 could see ZEC finally pass the $100 mark — albeit following a disastrous price crash to $-3.62 in May 2023.
As we can see from the graph, the overall trend after July 2023 is bullish. This should be a reassuring sight to investors, especially considering DigitalCoinPrice’s bearish predictions for 2021. Combined with the positive forecasts from Previsioni Bitcoin and Coinliker, it could suggest that 2021 will be a storm to weather, with the potential for reward in the next few years.
As a long-term investment, it projects that Zcash could perform very strong. According to its predictions, the value of the Zcash price could rise to $71 by the very end of 2020, rising to $140 in 2021, and achieving a mean price of $650 by 2025.
Conclusion: Zcash ZEC Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of Zcash ZEC price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
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 Nomics:
To fully understand the validity of these Zcash predictions, it’s important to analyse the past performance of ZEC’s price. Because Zcash was released in 2016 (one of many cryptocurrencies which 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 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?
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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
- With a market capitalization of $717,224,764, Zcash (ZEC) is the world’s 32nd biggest cryptocurrency.
- 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.
- DigitalCoinPrice expects the price of Zcash to crash to $7.21 by the start of 2021 and max out at around $50.
- WalletInvestor predicts that Zcash could fall to $39.446 in 2021 — a negative growth rate of -43.60075%.
- 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.
- Between 2022 and 2025, DigitalCoinPrice believes we could see ZEC finally pass the $100 mark — albeit following a disastrous price crash to $-3.62 in May 2023.
- 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
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?’. Although Zcash has gained a slightly negative reputation as a result of its bearish run, a modest price increase after the halving on November 18th could signal the start of a bullish future.
The majority of Zcash price predictions 2021-2025 seem to agree. Although neither DigitalCoinPrice nor WalletInvestor expect great things from Zcash in 2021, the forecasts seem to suggest that the asset 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 $100?
Many cryptocurrency predictions believe that Zcash will hit $100. 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.