Zcash (ZEC) Price Prediction 2024-2030: Will ZEC Price Hit $100 Soon?

• Bullish Zcash Price prediction ranges from $35 to $100.
• Analysis suggests that the ZEC price might reach above $75.
• The Zcash Bearish market price prediction for 2024 is $35.

To the disbelief of many, most cryptocurrencies like Bitcoin (BTC) aren’t actually anonymous, rather they are pseudonymous. This means that senders and recipients’ public addresses are represented by alphanumerics. Although the user identities are not directly linked to the identity of the user, the sender and receiver could be tracked by their public address. Zcash (ZEC) is a decentralized cryptocurrency designed with a strong focus on privacy and anonymity. It addresses this loop hole found in most cryptocurrencies. 

ZEC leverages zk-SNARKs, a cutting-edge zero-knowledge proof technology that allows network participants to verify transactions without exposing any sensitive details.

Zcash (ZEC) Price Prediction 2024-2050 Overview

What is Zcash (ZEC)?

Zcash (ZEC) is a decentralized cryptocurrency that was built with the aim of giving the user privacy and anonymity. It is also the first cryptocurrency to develop zero-knowledge encryption for private peer-to-peer payments. Although Zcash transactions are relayed on public blockchain like other cryptocurrencies, however, ZEC is different as it does not reveal confidential information like the senders and receivers addresses or the amount being sent. 

Nonetheless, ZEC has an option for tracking mainly for the purpose of auditing or regulatory compliance.

Zcash (ZEC) Price Analysis 2024

Will the Zcash’s most recent improvements, additions, and modifications help its price rise? Moreover, will the Zcash’s privacy and anonymity focused zk- SNARKs technology help it gain value. Read more to find out about ZEC’s 2024 price analysis.

Zcash (ZEC) Price Analysis – Bollinger Bands

The Bollinger bands are primarily three bands– the upper band, middle band and lower band. These bands expand and contract based on the market dynamics. The middle band is the average, while the upper band and lower band are the extreme ends that the price rises or falls to. Based on how the traders interact, the bands expand and contract. When the band expands, there could be a rise or fall of price by a huge margin. However, on the contrary when the band shrinks, there is not going to be much fluctuation in prices. 

Zcash has been on an uptrend since October. More importantly, Zcash has been fluctuating in the upper half of the Bollinger bands. This shows that the market is favoring Zcash with more buyers entering the market. Currently, ZEC is testing the upper Bollinger band, and there could be a price correction incoming for ZEC. Therefore, ZEC might rebound off of the upper band and may look for support from the middle band (SMA). Those looking to sell might want to have a close look at the prices.  

Zcash (ZEC) Price Analysis – Relative Strength Index 

The Relative Strength Index (RSI) indicator used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold (<30), many are selling, as such, its price is undervalued.

The Zcash RSI is at the verge of crossing over to the overbought region. It is currently at 68, and if it crosses the 70 mark, it would be overbought and the market would correct the prices. It would be interesting to see where the next RSI higher low would be.

Usually the RSI moves in unison with the price of the token, however, when the two move in opposite directions, it is known as divergence. For instance, as shown by the dotted lines, when the price moves upwards while the RSI moves downwards, then it is called a bearish divergence, and the opposite is called a bullish divergence. Traders usually use these signs to their advantage. 

Zcash (ZEC) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

MACD is currently in the positive region looking to go deep into the positive region. More importantly, it is based above the SMA (orange line). This indicates that the ZEC is performing above average. Moreover, it is a common practice for traders to wait for the MACD to fall below the SMA before taking a position. 

Zcash (ZEC) Price Prediction 2024

ZEC is trading diagonally as shown in the chart above. If this pattern of diagonal zigzag movement continues, Zcash has the potential to reach $76. Since ZEC has touched the upper trendline, there is a high possibility that could fall towards the bottom trendline once again. If the above statement is true, then ZEC may fall to somewhere around $45 before rising again. Moreover, even if ZEC happens to break the trendline, it has a solid foundation of support waiting to hold its prices from further falling. 

Zcash (ZEC) Price Prediction – Resistance and Support Levels

Looking at the resistance and support levels, it could be found out that the highest ZEC reached was in 2021. 2021 was the year after BTC halving in 2020. Based on this outlook, 2025 which is the year after BTC halving in 2024 might produce another surge for ZEC. ZEC has a strong support at $20 and the prices have never breached that support level. Hence, this would be a solid argument for traders who want to take a long position in the long term. 

Zcash (ZEC) Price Prediction 2025

ZEC may experience the after-effects of the Bitcoin halving and there is a high chance that it could trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Zcash will continue to rise in 2025 forming new resistance levels. It is expected that Zcash (ZEC) will trade beyond the $160 level.

Zcash (ZEC) Price Prediction 2026

As per the market cycle, it is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, the Zcash could tumble into its support regions. During this period of price correction, ZEC could lose momentum and be way below its 2025 price. As such, it could be trading at $100 by 2026. 

Zcash (ZEC) Price Prediction 2027

During this period, the market would be healing from the deep lacerations of the bear. With traders being tentative, there might not be much movement in the market, as it consolidates. As such, we could expect Zcash (ZEC) to trade at around $140 by the end of 2027. 

Zcash (ZEC) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Zcash may reciprocate its past behavior during the BTC halving. Hence, Zcash (ZEC) would be trading at $220 after experiencing a considerable surge by the end of 2028. 

Zcash (ZEC) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Zcash (ZEC) could be trading at $350 by the end of 2029.

Zcash (ZEC) Price Prediction 2030

After witnessing a bullish run in the market, Zcash and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Zcash (ZEC) could be trading at $280.

Zcash (ZEC) Price Prediction 2040

The long-term forecast for Zcash Indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then Zcash Could fall in value. It is expected that the average price of Zcash (ZEC) could reach $550 by 2040.

Zcash (ZEC) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Zcash (ZEC) could reach $800.

Conclusion

Zcash focuses on anonymity and privacy with its Zk SNARKS technology, while allowing for auditing, it may win the people’s trust. In the event the people favor Zcash, it could reach above $100 very soon. 

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