Friday, December 2, 2022
 

Zcash (ZEC) Price Prediction: Will ZEC reach $100 in 2022?

  • Bullish ZEC price prediction ranges from $68.5 to $81.1.
  • ZEC price might also reach $100 this 2022.
  • ZEC’s bearish market price prediction for 2022 is $52.3.

Zcash is a privacy project that was launched in October 2016 on its blockchain. Its native token ZEC is also present on the Binance Smart Chain.

Zcash investors are bullish on the token since it has had a return on investment (ROI) of over 2.48 times in the past 2 years. Zcash attained its all-time high (ATH) price of $5,941.80 in October 2016 after its launch. The recent crypto bubbles of December 2017 and 2021 have no strong impact on the price of ZEC, such as they had on the prices of Bitcoin (BTC) and Ethereum (ETH).

If you are interested in the future of Zcash (ZEC) and would want to know the price analysis and price prediction of ZEC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Zcash (ZEC)?

Zcash (ZEC) was launched on October 28, 2016, by an Electric Coin Company founded by Zooko Wilkox. It is a minable cryptocurrency that serves as a privacy coin in its decentralized payment system. It is developed with the Bitcoin codebase hence it has the same total supply of 21 million ZEC.

Transactions on the Zcash blockchain are fast and cheap. The blockchain can complete 6 to 25 transactions per second and has a block reward of 6.25 ZEC. Zcash had previously been called Zerocoin and Zerocash before its rebranding to Zcash by the developers.

The use of Zk-Snark ensures that transactions within the Zcash blockchain are anonymous and was first implemented by Zcash before other privacy projects. This protects the identity of the sender, recipient, and amount of transaction done.  The application-specific integrated circuit is the best device for mining Zcash, although they can be mined on devices and computers.

Zcash can be used to complete peer-to-peer transactions and also in payment for services and goods in online merchant shops.

Zcash (ZEC) Current Market Status

The maximum supply of Zcash (ZEC) is 21,000,000 ZEC while its circulating supply is 15,110,919 ZEC according to CoinMarketCap. At the time of writing, ZEC is trading for $66.57 which represents 24 hours increase of 2.2%. The trading volume of ZEC in the past 24 hours is $85.22 million which represents an 11.33% increase.

Some of the top cryptocurrency exchanges for trading Zcash (ZEC) are Binance, Huobi Global, Kucoin, Coinbase, and others.

Now that you have known what ZEC is and its current market status, we shall discuss the price analysis of Zcash (ZEC) for 2022.

Zcash (ZEC) Price Analysis 2022

Currently, ZEC is ranked in the 50th position on CoinMarketCap. Will developments and upgrades within the Zcash community lead to a rising in the price of Zcash (ZEC)? We shall see this in this CoinEdition price analysis 2022 article.

Zcash (ZEC) Price Analysis- Keltner Channel

EC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ZEC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Zcash (ZEC), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of ZEC might be sustained before any reversal would be expected.

Zcash (ZEC) Price Analysis- Relative Strength Index

ZEC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ZEC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Zcash (ZEC) 1day chart of ZEC/USDT is at 46.62.  This shows that ZEC is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong region, before any price correction soon.

Zcash (ZEC) Price Prediction-Moving Averages

ZEC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ZEC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of ZEC 200-day and 100-day Moving Average (MA). Presently, ZEC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Zcash (ZEC) might experience a big rise in the future.

Zcash (ZEC) Price Prediction 2022

ZEC/USDT 4-Hour Chart (Source: Tradingview)
ZEC/USDT 4-Hour Chart (Source: Tradingview)

From the chart above, we can observe that the price of Zcash (ZEC) was ranging between $68.5 at the resistance1 level and $77 at the resistance3 level, in the past few weeks, and then touched the $52.3 support4 level and $62.4 support1 level.

Irrespective of this sideways movement in the price of ZEC, we can deduce the following:

  1. The price of Zcash (ZEC) is expected to reverse at the $68.5 resistance1 level, due to the history at that price in July 2022. If investors have their way, the price of ZEC could surge higher to the $72.3 resistance2 level before reversing, due to the formation of a double top.
  • The reversal at the resistance1 level, could lead to a further decrease in the price of ZEC up to the support4 level at $52.3, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term ZEC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect ZEC to reach $100 this year.

Zcash (ZEC) Price Prediction-Resistance and Support Levels

ZEC/USDT 4-Hour Chart (Source: Tradingview)
ZEC/USDT 4-Hour Chart (Source: Tradingview)

This bullish chart shows that the price of ZEC has increased by 11.4% in the past 30 days. If this price increase continues, ZEC could break the $68.5 resistance1 level and move higher to $81.1 at the resistance4 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ZEC might be dethroned from its present uptrend position. In simpler terms, ZEC might trend below the $52.3 support4 level, and even lower in 2022, a bearish signal.

Zcash (ZEC) Price Prediction 2023

Zcash (ZEC) might hit $150 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of ZEC will see rapid growth to $120. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more ZEC thereby reducing its volume in circulation. This could make the price of ZEC reach $150 shortly

Zcash (ZEC) Price Prediction 2024

Zcash (ZEC) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $200, making it not plummet but play consistently. Additionally, this could only be possible if ZEC breaks through past psychological resistance levels.

Zcash (ZEC) Price Prediction 2025

Zcash (ZEC) prices might grow past $250 during the next three years. Furthermore, hitting this level might not be so tough for ZEC due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2026

Zcash (ZEC) prices might grow past $300 during the next four years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2027

Zcash (ZEC) prices might grow past $350 during the next five years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2028

Zcash (ZEC) prices might grow past $400 during the next six years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Zec has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2029

Zcash (ZEC) prices might grow past $450 during the next seven years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2030

Zcash (ZEC) prices might grow past $500 during the next eight years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Zcash might reach $81.1 in 2022 and $500 by 2030 if investors have decided that ZEC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Zcash (ZEC)?

ZEC is the native token of the Zcash blockchain.

How to buy Zcash Token?

Like other cryptocurrencies, Zcash (ZEC) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Coinbase, and others.

Will Zcash surpass its present ATH?

Zcash has a low possibility of surpassing its present all-time high (ATH) price of $5941.80 in 2022.

When was Zcash (ZEC) launched?

It was launched in 2016.

What will be the Zcash (ZEC) price by 2023?

Zcash (ZEC) price is expected to reach $150 by 2023.

What will be the Zcash (ZEC) price by 2024?

Zcash (ZEC) price is expected to reach $200 by 2024.

What will be the Zcash (ZEC) price by 2025?

Zcash (ZEC) price is expected to reach $250 by 2025.

What will be the Zcash (ZEC) price by 2026?

Zcash (ZEC) price is expected to reach $300 by 2026.

What will be the Zcash (ZEC) price by 2027?

Zcash (ZEC) price is expected to reach $350 by 2027.

What will be the Zcash (ZEC) price by 2028?

Zcash (ZEC) price is expected to reach $400 by 2028.

What will be the Zcash (ZEC) price by 2029?

Zcash (ZEC) price is expected to reach $400 by 2029.

What will be the Zcash (ZEC) price by 2030?

Zcash (ZEC) price is expected to reach $500 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

  • Bullish ZEC price prediction ranges from $68.5 to $81.1.
  • ZEC price might also reach $100 this 2022.
  • ZEC’s bearish market price prediction for 2022 is $52.3.

Zcash is a privacy project that was launched in October 2016 on its blockchain. Its native token ZEC is also present on the Binance Smart Chain.

Zcash investors are bullish on the token since it has had a return on investment (ROI) of over 2.48 times in the past 2 years. Zcash attained its all-time high (ATH) price of $5,941.80 in October 2016 after its launch. The recent crypto bubbles of December 2017 and 2021 have no strong impact on the price of ZEC, such as they had on the prices of Bitcoin (BTC) and Ethereum (ETH).

If you are interested in the future of Zcash (ZEC) and would want to know the price analysis and price prediction of ZEC for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Zcash (ZEC)?

Zcash (ZEC) was launched on October 28, 2016, by an Electric Coin Company founded by Zooko Wilkox. It is a minable cryptocurrency that serves as a privacy coin in its decentralized payment system. It is developed with the Bitcoin codebase hence it has the same total supply of 21 million ZEC.

Transactions on the Zcash blockchain are fast and cheap. The blockchain can complete 6 to 25 transactions per second and has a block reward of 6.25 ZEC. Zcash had previously been called Zerocoin and Zerocash before its rebranding to Zcash by the developers.

The use of Zk-Snark ensures that transactions within the Zcash blockchain are anonymous and was first implemented by Zcash before other privacy projects. This protects the identity of the sender, recipient, and amount of transaction done.  The application-specific integrated circuit is the best device for mining Zcash, although they can be mined on devices and computers.

Zcash can be used to complete peer-to-peer transactions and also in payment for services and goods in online merchant shops.

Zcash (ZEC) Current Market Status

The maximum supply of Zcash (ZEC) is 21,000,000 ZEC while its circulating supply is 15,110,919 ZEC according to CoinMarketCap. At the time of writing, ZEC is trading for $66.57 which represents 24 hours increase of 2.2%. The trading volume of ZEC in the past 24 hours is $85.22 million which represents an 11.33% increase.

Some of the top cryptocurrency exchanges for trading Zcash (ZEC) are Binance, Huobi Global, Kucoin, Coinbase, and others.

Now that you have known what ZEC is and its current market status, we shall discuss the price analysis of Zcash (ZEC) for 2022.

Zcash (ZEC) Price Analysis 2022

Currently, ZEC is ranked in the 50th position on CoinMarketCap. Will developments and upgrades within the Zcash community lead to a rising in the price of Zcash (ZEC)? We shall see this in this CoinEdition price analysis 2022 article.

Zcash (ZEC) Price Analysis- Keltner Channel

EC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ZEC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Zcash (ZEC), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of ZEC might be sustained before any reversal would be expected.

Zcash (ZEC) Price Analysis- Relative Strength Index

ZEC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ZEC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Zcash (ZEC) 1day chart of ZEC/USDT is at 46.62.  This shows that ZEC is showing a neutral trend since it is between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong region, before any price correction soon.

Zcash (ZEC) Price Prediction-Moving Averages

ZEC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ZEC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1Day chart of ZEC 200-day and 100-day Moving Average (MA). Presently, ZEC is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Zcash (ZEC) might experience a big rise in the future.

Zcash (ZEC) Price Prediction 2022

ZEC/USDT 4-Hour Chart (Source: Tradingview)
ZEC/USDT 4-Hour Chart (Source: Tradingview)

From the chart above, we can observe that the price of Zcash (ZEC) was ranging between $68.5 at the resistance1 level and $77 at the resistance3 level, in the past few weeks, and then touched the $52.3 support4 level and $62.4 support1 level.

Irrespective of this sideways movement in the price of ZEC, we can deduce the following:

  1. The price of Zcash (ZEC) is expected to reverse at the $68.5 resistance1 level, due to the history at that price in July 2022. If investors have their way, the price of ZEC could surge higher to the $72.3 resistance2 level before reversing, due to the formation of a double top.
  • The reversal at the resistance1 level, could lead to a further decrease in the price of ZEC up to the support4 level at $52.3, until a triple bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term ZEC price prediction for 2022 is bullish since it might break many psychological resistances. We can expect ZEC to reach $100 this year.

Zcash (ZEC) Price Prediction-Resistance and Support Levels

ZEC/USDT 4-Hour Chart (Source: Tradingview)
ZEC/USDT 4-Hour Chart (Source: Tradingview)

This bullish chart shows that the price of ZEC has increased by 11.4% in the past 30 days. If this price increase continues, ZEC could break the $68.5 resistance1 level and move higher to $81.1 at the resistance4 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ZEC might be dethroned from its present uptrend position. In simpler terms, ZEC might trend below the $52.3 support4 level, and even lower in 2022, a bearish signal.

Zcash (ZEC) Price Prediction 2023

Zcash (ZEC) might hit $150 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of ZEC will see rapid growth to $120. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more ZEC thereby reducing its volume in circulation. This could make the price of ZEC reach $150 shortly

Zcash (ZEC) Price Prediction 2024

Zcash (ZEC) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $200, making it not plummet but play consistently. Additionally, this could only be possible if ZEC breaks through past psychological resistance levels.

Zcash (ZEC) Price Prediction 2025

Zcash (ZEC) prices might grow past $250 during the next three years. Furthermore, hitting this level might not be so tough for ZEC due to a new medium, short-term, and long-term price objectives for purchase or sell orders which may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2026

Zcash (ZEC) prices might grow past $300 during the next four years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2027

Zcash (ZEC) prices might grow past $350 during the next five years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2028

Zcash (ZEC) prices might grow past $400 during the next six years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, Zec has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2029

Zcash (ZEC) prices might grow past $450 during the next seven years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Zcash (ZEC) Price Prediction 2030

Zcash (ZEC) prices might grow past $500 during the next eight years. Furthermore, hitting this level might not be so tough for ZEC due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, ZEC has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Zcash might reach $81.1 in 2022 and $500 by 2030 if investors have decided that ZEC is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Zcash (ZEC)?

ZEC is the native token of the Zcash blockchain.

How to buy Zcash Token?

Like other cryptocurrencies, Zcash (ZEC) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Coinbase, and others.

Will Zcash surpass its present ATH?

Zcash has a low possibility of surpassing its present all-time high (ATH) price of $5941.80 in 2022.

When was Zcash (ZEC) launched?

It was launched in 2016.

What will be the Zcash (ZEC) price by 2023?

Zcash (ZEC) price is expected to reach $150 by 2023.

What will be the Zcash (ZEC) price by 2024?

Zcash (ZEC) price is expected to reach $200 by 2024.

What will be the Zcash (ZEC) price by 2025?

Zcash (ZEC) price is expected to reach $250 by 2025.

What will be the Zcash (ZEC) price by 2026?

Zcash (ZEC) price is expected to reach $300 by 2026.

What will be the Zcash (ZEC) price by 2027?

Zcash (ZEC) price is expected to reach $350 by 2027.

What will be the Zcash (ZEC) price by 2028?

Zcash (ZEC) price is expected to reach $400 by 2028.

What will be the Zcash (ZEC) price by 2029?

Zcash (ZEC) price is expected to reach $400 by 2029.

What will be the Zcash (ZEC) price by 2030?

Zcash (ZEC) price is expected to reach $500 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

 

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