BTC$36 221.06


ETH$2 414.43




Binance Coin


USD Coin




ZCash - Gearing Up for New Price Heights

May 2020

The measures that governments undertake to counteract the COVID-19 pandemic have already arrived at the point where they contradict one of the most basic human rights - the right for privacy. The idea of introduction of mandatory monitoring of citizens’ movement and activities via smartphone under a pretext of containment of coronavirus is reminiscent of the first chapters of Orwell’s “1984”, thus putting people who do cherish their privacy in a situation where they are being forced to look for solutions like ZCash and a number of other coins that provide the much-needed privacy.

It is clear that the governments will use the provided opportunity to the maximum, which creates favorable conditions for ZEC to experience an unprecedented price appreciation due to the increased demand, even though the threat of regulatory constraint is still hanging over this and other privacy coins.

A good month for ZEC

The past 30 days have been very productive for ZCash, and its rivals in the field of privacy: Monero and Dash, as all these coins have made a considerable stride towards the price level from which the notorious Coronavirus Crash began.

ZEC/XMR/DASH comparison chart

Also, traders must take note of a nearly perfect correlation that has occurred between these three markets over the previous month that may suggest an idea of creating the “privacy” trading portfolio that could also provide ample opportunities for hedging in these particular markets.

DASH is obviously the finest performer of the three, but ZEC has also proven to be a go-getter as the 26th cryptocurrency has risen in value by 56.1% against USD and 15.8% against BTC over the said period, which must have worked out marvelously for traders who were bold enough to go long on ZCash in such uncertain times.

1-day ZCash/USDT chart

The daily time frame reveals that ZEC is more inclined to moving diligently between the areas of historical support and resistance, which gives the price action more predictability. Each upside swing has so far been followed by an appropriate retracement of no more than 40% of the initial price movement. This makes the ZCash price prediction much easier since the coin shows little to no proclivity for unexpected maneuvers.

The price has ping-ponged accurately between the resistance at $42 and support and $35 and is now preparing to give that resistance a re-test. However, the next move may not be as smooth as the previous ones because of how choppy the trading volume has been during the last phase, with bears pressing harder and bulls responding with big volume spikes.

That kind of choppiness might signify the inception of underlying shifts in the market, so the second attempt at $42 could end up in failure and price going into the range. But if ZEC does find the strength to breach the said resistance, it could get catapulted straight to the broad area between $48.5 - $51, thus signifying a complete recovery after the Coronavirus Crash ahead of Bitcoin, Ethereum, and the majority of other top cryptocurrencies. The cross on Stochastic suggests the approaching uphill hike, but the accumulation of the bearish volume during the last week negates the possibility of an explosive upward swing.

Author: Alex Paulson for


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 72.8% 46 $36 221.06 -2.99% -13.86% $686 064 825 763 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 57 $2 414.43 -1.84% -23.13% $288 112 201 953 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000716 0.02% 0.04% $78 248 084 207 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68% 65 $368.16 -3.30% -22.95% $60 788 563 476 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999993 -0.05% -0.03% $49 084 706 161 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 68.8% 63 $1.049679 0.84% -23.02% $35 219 986 893 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 73.2% 49 $0.607404 -2.29% -18.61% $28 995 606 140 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 69.2% 63 $89.10 -5.67% -35.11% $28 064 342 302 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 67.6% 67 $58.47 -6.55% -28.94% $23 484 802 131 LUNA 7 days price change
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11 Polkadot (DOT) DOT Polkadot predictions 67.2% 69 $17.62 -5.50% -28.42% $17 399 544 470 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 68 $63.26 -7.41% -25.24% $15 489 310 635 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.998998 -0.15% 0.05% $14 526 773 505 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 66.4% 72 $1.55 -2.17% -25.22% $11 572 347 692 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 70 $0.000021 -3.34% -25.29% $11 375 375 737 SHIB 7 days price change

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