Article Index
1. Introduction
2. What is Zcash (ZEC)?
3. Zcash (ZEC) Price Prediction by market
4. Coinnounce’s Zcash Price Prediction
- Zcash Price Prediction 2020
- Zcash Price Prediction 2025
- Zcash Price Prediction 2019
- Zcash Price Prediction 2018
5. Frequently Asked Questions (FAQ)
6. Conclusion
Introduction
Initially launched as Zerocoin protocol, Zcash is a cryptocurrency that launched on 28th October 2016, intending to use cryptography for enhanced privacy for its users. Zooko Wilcox launched the cryptocurrency, and he described it as a blockchain platform and cryptocurrency that would allow private transactions in an open blockchain.
This feature was introduced to help businesses, consumers, and new apps to gain control over who sees the transactions even if the user is on a global permission-less blockchain. The development of Zcash took place to overcome the flaws that were present in Bitcoin. As it was developed to fix the flaws of the Bitcoin system, the cryptocurrency uses the same algorithm as Bitcoin but with the improvement of enabling semi-transparent processing.
Note: Zcash recently had a massive surge in its price as Bitmain’s Z11 miner added more hash power on the network. The Z11 miner is three-time more powerful than the previous Z9.
Currently, ZEC is trading at $38.15 with strong resistance at $40, and immediate support is present at $37. The cryptocurrency is facing a downward correction in the charts, but the rate of adoption has increased as the price dropped. The market has seen a decline of 1.55% in the past 24 hours, bringing it on the 30th place with a market cap of $297,759,648.
What is Zcash (ZEC)?
Zcash is a privacy-focused cryptocurrency platform that launched on 28th October 2016, intending to displace Bitcoin as a medium of exchange. The fact that makes this coin unique is the advanced privacy technology it uses, like the zero-knowledge proof that would help to verify the transactions without revealing any information about the transactions or the parties involved.
When launched in 2016, Zcash had a very high price per unit when it was launched, and it was trendy, but slowly, the price declined, and so did its popularity. The platform works on the proof-of-work, and their main focus is on anonymity and privacy.
Advantages of Zcash:
- transactions are private and non-traceable
- Zcash offers fungibility of its tokens
- the offering of selective disclosure option to private transactors
Zcash (ZEC) Price Prediction by Market
1. Crypto Ground
This price prediction platform has predicted that the price of Zcash can end up reach $135.70 by the end of the year 2019. This jump in the price can be a bullish prediction for the coming changes.
2. Trading Beasts
Another crypto price prediction platform, Trading Beasts, has predicted that price for 1 unit of Zcash can reach around $146.24 by the end of the year 2019.
3. Being Crypto
Being Crypto has shown positive responses for the prices as they have predicted that the price can reach $380 by the end of the year 2019.
4. Grayscale Investments
Predicted by an analyst from Bitcoin Investment Trust, Matthew Beck has predicted that the price of ZEC can reach as high as $500 by the end of 2019. He further believes that the price will reach $60,000 by 2025.
5. Wallet Investor
Like all the other predictions from this platform, even this time, Wallet Investor has given a positive and realistic price prediction for the cryptocurrency. They believe that the price can reach $9.972 by the end of the year 2019.
Coinnounce’s Zcash Price Prediction
It’s impossible to give an accurate prediction of what the price can be in the future, and the price depends on the market trends and the fluctuations that take place in the charts. Our team of analysts has predicted the prices studying the charts and the trends since Zcash’s launch.
Zcash Price Prediction 2020
With 2020 just around the corner, the price for crypto assets can be seen increasing as more people have decided to enter the market of altcoins to park their money.
With the growing rate of the company, the price for Zcash can reach the levels of $150 and further aim for more significant values in the charts like $300 by the end of 2020.
Note: Zcash has partnered with JP Morgan to launch the zero-knowledge security layer in JP Morgans’ Quorum Blockchain.
Zcash Price Prediction 2025
2025 will be a pivotal year for the upcoming cryptocurrency as we can expect it to be global and act as a better investment opportunity for the crypto world. However, we can expect the price to decline between the years, causing damage to the price trend.
It can be expected that the price might decline a little and then gain its position in the market. The price is expected to reach the levels of $600-$800 by the end of the year 2025.
Note: Zcash coins can be either in a transparent pool or shielded pool. About 4% of the Zcash coins are in shielded pools.
Zcash Price Prediction 2019
With the previous year closing at a price close to the predictions, people decided to give this market another change as the price started rising again. The year started at $55.32, and the bullish trend continued in the market.
We think that the cryptocurrency will reach $70-$100 by the end of the month as the price started increasing, and so is the trade volume for the coin. The cryptocurrency is trying to gain an upward correction in the charts.
Note: Just like Bitcoin, Zcash coins are also mined and share the same reward procedure status like Bitcoin. For every Zcash block mined, the miner is awarded by 12.5 BTC.
Zcash Price Prediction 2018
When launched, Zcash had a very high price per unit, but with time, it slowly declined and took the price to an all-time low of $30. The market had high hopes from the cryptocurrency, and with this sudden downfall, people started moving out of the market.
Crypto enthusiasts, however, were still bullish about the future of the coin. They predicted that by 2018, the price would reach $100-$150, which was close enough as the market closed at $80 in the last month of 2018.
Frequently Asked Questions (FAQ)
1. Is Zcash a good investment?
Zcash was launched in 2016, and since then, it has made a name for itself in the market, but the growth is slightly slow. So it can be considered as a good investment for longer terms.
2. What is the market cap of Zcash?
The market cap of Zcash is $297,300,634, and currently, it is in 30th place in the list of top cryptocurrencies based on their market cap.
3. Can we mine Zcash coins?
Yes, Zcash coins can be mined using mining equipment. Zcash follows the basic structure of Bitcoin, and it has tried to increase its performance over the years.
4. How many Zcash coins are present there?
Just like Bitcoin, Zcash also has a maximum supply limit of 21 million.
5. How many Zcash coins are in circulation right now?
At the time of writing, there are 7,746,606 ZEC coins in circulation in the market.
Conclusion
Zcash has shown immense growth since its launch in 2016, and the cryptocurrency has become popular among crypto enthusiasts as well as among early investors. The cryptocurrency is supported by traders who believe that the price for ZEC will surge in the future, taking it to the list of top 10 cryptocurrencies.
