Will Zcash hit $10,000?ZCash Price Prediction 2023-2030
The Latest Price of ZCash (ZEC) is:
Zcash Price Performance so far
- Last 1 Month: +1.4%
- Last 12 Months: -46.9%
- Since Launch (2016): -99.3%
Zcash Price Prediction: Is Zcash a Good Investment?
Zcash is a decentralized digital currency that primarily focuses on anonymity and privacy. It makes use of zk-SNARK technology that helps in verifying the transactions on the platform without revealing private information about the transactions.
It is said that the existing cryptocurrencies are not absolutely anonymous. In other words, their users’ public addresses can be traced back using data science.
On the other hand, Zcash is completely anonymous i.e., it does not absolutely reveal this data unless it is required for regulatory compliance.
Following are a few use cases of ZEC:
- ZEC allows users to have private and efficient transactions with other users.
- ZEC tokens can be used to pay for goods and services without revealing the identity of the users.
- Users can stake their ZEC crypto to earn more ZEC tokens.
- ZEC coins can be used for online money transactions because these can easily be exchanged for USD, Euros or any other fiat currencies.
Zcash is partnered and integrated with many platforms such as Apex Crypto, Bitdeer, Koinly, Elliptic, Blockdaemon and Ledger Nano X.
Competitor analysis: Zcash vs Bitcoin
Bitcoin is a decentralized digital asset that allows all transactions to happen directly between independent network participants. It doesn’t require any intermediary to facilitate the transactions. Therefore, BTC is one of the most prominent competitors of Zcash. Let us briefly make a comparison between Zcash and Bitcoin:
|Major audience||Users who are looking for a digital currency to help them with mobile payments||Users looking for an innovative payment network powered by blockchain.|
|Categories||Blockchain and Layer 1 protocols.||Blockchain, Layer 1 protocol and Smart contract|
|Supported platforms||SaaS||Blockchain, Layer 1 protocol, and Smart contract|
Bitcoin is the number 1 cryptocurrency in terms of market capitalization and is always being at the top since its launch. However, 2022 wasn’t really a great year for the entire crypto market including Bitcoin. Therefore, we can see a huge decline in BTC’s price for a year.
However, Bitcoin has managed to cope with the negative factors and has shown a positive trend in the last week.
Bitcoin’s support on multiple platforms (in contrast to Zcash) makes it even more useful. Therefore, Zcash has certainly failed to outperform Bitcoin for a year.
Competitor analysis: Zcash vs Dash Coin
Dash is another notable competitor of Zcash as it allows a fast and cheaper global payments network. Let us have a brief comparison between the two:
|Major audience||Users who are looking for a digital currency to help them with mobile payments||Companies who are looking for a Defi solution.|
|Categories||Blockchain and Layer 1 protocols.||Blockchain and Layer 1 protocols.|
|Supported platforms||SaaS||SaaS. Windows, Mac, Linux, iPhone, Android and iPad.|
Zcash crypto is not performing so well since the year. However, it has managed to show a little positive trend for a week.
However, Dash coin is clearly performing much better for a month in comparison to Zcash crypto. Furthermore, Dash coin is supported on far more platforms when compared to ZEC, which makes DASH more accessible. Therefore, Zcash has definitely failed to manage its competitor for the past year.
Zcash price prediction: Will ZEC reach $100?
To reach a price of $100, ZEC Coin needs to grow by 2.54 times considering its current market price of $39.38.After its launch, ZEC crypto reached its all-time high price of $694 in January 2018, where it grew by 19.38 times in 49 months (from the lowest value of $35.8 in December 2016). Hence, it grew by around 0.4 times in one month.
Thus, Zcash crypto just requires 6.35 months to reach a price level of $100.
However, the current market situation of liquidity and inflation is definitely not in the favor of the crypto market. Therefore, it cannot even reach $100 in the calculated time. Nonetheless, reaching $100 is a comparatively easy target for Zcash if we go by its past price movements.
Zcash price prediction: Will ZEC reach $1000?
ZEC crypto needs to grow by 25.4 times to reach $1000, considering its current market price of $39.38.
As it has shown a 0.4 times growth in one month (as calculated above), Zcash crypto will need roughly 63.5 months (around 5.3 years).
Again, the macroeconomic factors and liquidity conditions are not similar to those in 2018. Therefore, Zcash cannot be expected to show a similar growth that has been shown to reach its all-time high value.
Hence, it will certainly need much more time to reach a price level of $1000, even if the economic factors ease out.
Zcash price prediction: Will Zcash reach $10,000?
Considering the current market price of ZEC to be $44.01, it needs to grow by 227.22 times to reach a price level of $10,000.
Furthermore, ZEC has shown a 0.4 times growth in one month to reach its all-time high price in January 2018. Thus, ZEC requires a minimum of 568 months (more than 47 years) to reach $10,000.
First of all, 47 years is not worth waiting for and secondly, it might even take more years than that. The reason is the difference in economic conditions of current times compared to that of 2018 (when it reached its all-time high value).
Therefore, it is certainly not practical to expect ZEC to reach $10,000 sooner.
ZCash Price Prediction Today, Tomorrow and Week
- Zcash Price Prediction in the next 24 hours is between $32.6 and $33.9
- Zcash Price Prediction this week is between $31.1 and $35.9
|Overall Outlook||Partially Bullish|
|1. Market's Wisdom||Neutral|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Partially Bullish|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Higher|
Zcash price prediction 2023, 2025 and 2030
- Zcash Price Prediction 2023 is $41.1
- Zcash Price Prediction 2024 is $67.0
- Zcash Price Prediction 2025 is $93.6
- Zcash Price Prediction 2026 is $129
- Zcash Price Prediction 2027 is $155
- Zcash Price Prediction 2028 is $202
- Zcash Price Prediction 2029 is $275
- Zcash Price Prediction 2030 is $399
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Zcash price prediction: Conclusion
The crypto market is expected to grow in the future once economic conditions such as liquidity and inflation turn out to be in its favor. However, the entire crypto market has suffered a huge loss in the past year.
Nonetheless, a few cryptos can be seen recovering in the past few weeks.
There are numerous cryptocurrencies in the market to choose from. But their major use case remains in mobile payments. Cryptos such as BTC, ZEC and DASH are well-known to be used for payment methods.
The only USP for Zcash, when compared to Bitcoin, is that it is completely anonymous and doesn’t reveal the data of its users. However, crypto is facing a hard time for a week and being more than 94% down from its all-time high value, it can be expected to grow once the market conditions become better.
Where can I buy ZEC crypto?
Zcash crypto is listed on many of the major centralized and decentralized crypto exchange, platforms, such as Binance, Coinbase, KuCoin, Bitfinex, Kraken, OKX, Gemini, Gate.io, CoinEx, EXMO, WazirX, BitMart, CoinDCX, HitBTC, ApeSwap, 4swap etc.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.