This means network adoption is growing, people are mining, and rewards are being offered. Zcash’s market capitalization was the highest on Nov. 26, 2021. Overall, Zcash looks like a project that can stand the test of time, especially due to its Bitcoin-like schema.

  • It was led by Matthew Green – the John Hopkins professor – and some graduate students.
  • According to the AI-powered project’s whitepaper, the genuine utility will be via an innovative game, staking and unique NFTs.
  • The price of Zcash has always fluctuated; for instance, it was worth about $900 in 2018.
  • Its average cost is expected at around $$306.48 during the year.
  • Taking the bearish crypto market into account, the price of ZEC can drop to as low as $16 in 2023.

Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search. Zcash produces its own wallet software that is available for download on its website, which allows you to store Zcash on your computer. To not be fooled, we recommend applying fundamental and technical analysis and reviewing your projections frequently. I have already mentioned that the ZEC trend reversal will be confirmed when news of a potential split is released, or the MACD gives a buy signal. The linking wave [X] finished as a double zigzag, and the market trend reversed.

ZenCash/USD Dollar forecast 2029 Monthly

Multiple cryptocurrency critics attacked the whole industry based on these security issues. In spite of the criticism, the cryptocurrency community already provided various solutions specifically for the privacy demanding use-cases. Zcash (ZEC) is an anonymity-first cryptocurrency, and it is it’s a most significant advantage.

The market capitalization of Zcash can change significantly in a short period of time. Many cryptocurrency traders pay close attention to the markets when the current Zcash price crosses an important moving average like the 200-day SMA. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.

Today’s Zcash price is $30.79 with a 24-hour trading volume of $71,185,954. The current CoinMarketCap ranking is #115, with a live market cap of $502,758,469 USD. It has a circulating supply of 16,328,269 ZEC coins and a max. Just like with any other asset, the price action of Zcash is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ZEC.

Zcash Prediction 2028

According to the Horizen Price Prediction model above, ZEN’s price in 2029 would be $29.25. This price would however would range from $35.11 and $23.40. According to the Horizen Price Prediction model above, ZEN’s price in 2028 would be $25.50. This price would however would range from $30.59 and $20.40.

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According to the Horizen Price Prediction model above, ZEN’s price in 2024 would be $14.71. This price would however would range from $17.65 and $11.77. Another reason that might be sending more investors to altcoins that offer transaction anonymity is the IRS’s expanding crypto crackdown.

Zcash is an older cryptocurrency as it launched on 29 October 2016. The same day the cryptocurrency hit its all-time high of $5,941 and has not been able to come anywhere close since. You can study the forces that influence prices and study the market before making the final decision. One factor that has continued to increase the price of Bitcoin is its adoption. The price increases as more investors, especially institutional ones, get involved.

Popular ZEC Moving Averages and Oscillators for Fri, Dec 29, 2023

The project is currently in presale and attracting huge attention, with over $2.5 million raised so far. Analysts say the potential nod for the US market’s first spot Bitcoin ETF could be the trigger for massive demand pressure for BTC. Prices across the sector could benefit from the overall sentiment to trade higher. It shares many similarities with Bitcoin like a 21 million coins supply cap. Zcash was launched in 2016 to address the demand for an open financial system with bolstered privacy. It is the same difference, just as it is between HTTP and HTTPS protocols.

Horizen Predictions

The worst month is September, six times out of 7, the price at the end of September was lower than starting price. does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism.

According to WalletInvestor, investing in Zcash is not a good idea. Portal analysts believe that the Zcash rate will continue to fall. By the end of 2023, the average price will reach $23.54, and the maximum price will not rise above $43. Seeing the altcoin’s recent spike, investors want to know its price forecast to see if it could still be a good investment. WalletInvestor predicts its price will reach $231 within a year, which suggests a 65 percent upside potential.