It’s true that Zcash was a great disappointment for investors in 2019. ZEC price went down from $58.441 on January 1st 2019 to $29.078 on December 31 2019. However, it is worth monitoring our Zcash price prediction algorithm: Zcash might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, ZEC might be the coin to watch closely now.
The current Zcash price is $48.90, its circulating supply is 8 689 231 ZEC. Our algorithm predicts that based on historical data Zcash price will be at $55.35 in 1 week and $91.27 in 1 month. Our deep learning algorithm predicts the ZEC price will be at $95.18 in 6 months. Analysis of the cryptocurrency market shows that Zcash price may reach $104.42 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that ZEC will stay around $94.17 in 2020, $104.42 in 2021, $110.24 in 2022, $126.48 in 2023 and $140.67 in 2024.
While creating the Zcash prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $95.18 and lowest possible predicted price is $71.83.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Zcash has the potential to stay within "survivors" team. Our Zcash short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Zcash Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Zcash forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Zcash (ZEC)?
The current price of Zcash is $48.90.
What is the current market capitalization of Zcash (ZEC)?
The current market capitalization of Zcash is $424 883 000.
What will be the price of Zcash (ZEC) Tomorrow?
Our algorithm forecasts that the price of Zcash will reach $49.82 tomorrow.
In 1 year from now what will 1 Zcash be worth?
As per the forecast and algorithmic analysis, the the price of 1 Zcash will be around $94.17.
Is it profitable to invest in Zcash (ZEC)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Zcash (ZEC) as a short term investment. Zcash can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Zcash be growing in the Future?
Zcash is potentially one of the most profitable among digital coins.
How high can the Price of Zcash go?
Our algorithm forecasts that the price of Zcash will reach $140.67 by 2023.
Is Zcash (ZEC) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Zcash now.
I have no doubt that in a few years, ZCash, and some other privacy coins, will remain the only haven for true cryptopunks like me. The global governments are already laying their greasy hands on many non-privacy crypto solutions while bashing privacy coins for being a means for money laundering and financing of terrorism, a statement that only a dumb-witted could believe in. They are simply afraid of not being able to control the flow of money through ZCash. But I will continue holding and using this coin, despite their mischievous intentions.
ZEC lost its momentum after the market stopped caring about Anon coins. This was such a popular topic and then suddenly everyone didn’t care anymore. Could it be because everyone wants banks to join the party? Definitely. No one wants to invest in privacy coins because they aren’t going to get any love from institutional investors. The only people that are going to buy ZEC is someone on the black market that wants to buy something illegal. This will be on the only liquidity for ZEC, which is large, but not enough to create a bull market. Until there’s a clear reason why people should buy ZEC over BTC this coin is useless.
ZEC and all the other anon currencies are beginning to lose their luster. Everyone is rooting for the big banks and corporations to adopt their currency. Before the trend of crypto and blockchain everyone wanted their coins to be anonymous because banks were the enemy. Now, everyone goes wild when a bank even mentions bitcoin or ripple. It’s really the antithesis of what Satoshi had hoped for when he released the first ever BTC block. He embedded the headline about a bank bailout in the genesis block…. He would roll in his grave if he saw what was going on with his currency now. Everyone needs to take a few steps back and recognize that the banks are gaining the upper hand, and they’re using our greed to fool us once again.
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