Zcash (ZEC) Price Prediction 2023-2030: Will ZEC reach $100 Soon?

• Bullish ZEC price prediction ranges from $64.9 to $69.8.
• ZEC price might also reach $80 this 2023.
• ZEC’s bearish market price prediction for 2023 is $$21.6.

Privacy is one of the features that many users still demand and expect newer developments. Many cryptocurrencies are built to provide various benefits for the community, however, some still lack privacy features. 

Zcash is one of the cryptocurrencies that focuses on protecting the privacy of the community while ensuring transactions can be conducted seamlessly. One of three features of Zcash, as mentioned on its website, includes fast confidentiality, and low fees for transactions. One of the main aims of Zcash projects is to give back transaction freedom to its users.

Since the demand for privacy and Zcash still remain, potential investors and users would be curious about the altcoins’ price.  Read this Coin Edition’s price prediction article to find out about ZEC’s price analysis and forecast for 2023, 2024,2025, 2026, 2027, until 2050. 

Zcash (ZEC) Market Overview

What is Zcash (ZEC)?

Zcash describes itself as a digital currency or cryptocurrency, just “like Bitcoin.” Built on the original Bitcoin code base, ZEC focuses on privacy while ensuring that users can efficiently and safely transact with low fees. The “Shielded Zcash” also ensures that users’ transactions remain confidential while allowing them to decide to whom to share the address and transaction information for auditing or regulatory compliance.

Zcash has two types of addresses that are either private or transparent. The private addresses are identified as ‘z-addresses’ and transparent addresses are identified as t-addresses. From these two addresses, the transactions can be divided into four types: Private, Deshielding, Shielding, and Public. Even though there are two separate addresses, they are interoperable, allowing funds to transfer between z-addresses and t-addresses.

Reportedly, Zcash was the first project to utilize the zk-SNARKs, a part of zero-knowledge cryptography. The integration of zero-knowledge proofs technology checks the validity of the transactions, without revealing any information. 

Furthermore, Zcash can also be used to make purchases such as groceries or conduct retail transactions. With its private, fast, and flexible features, ZEC makes it easy for users to easily access it. Zcash claims that it can help Merchants, app developers, and point-of-sale providers with solutions that provide privacy protections for consumers, and audibility. 

Zcash (ZEC) Current Market Status

At the time of writing, ZEC is now trading at $24.25 with a total market capitalization of $395,949,317. ZEC sits at 81 place on CoinMarketCap in terms of market capitalization. Moreover, there has been a price change of 1.55% surge in the past 24 hours. ZEC’s 24-hour trading volume is $19,121,961, with a fall of 29.01%. 

ZEC can be traded on major cryptocurrency exchanges such as Binance, KuCoin, Coinbase, Kraken, OKX, and Gate.io.

Zcash (ZEC) Price Analysis 2023

Will ZEC’s most recent improvements, additions, and modifications help its price rise? Moreover, would the changes in the blockchain industry affect ZEC’s sentiment over time? Read more to find out about ZEC’s 2023 price analysis.

Zcash (ZEC) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

The ZEC/USDT 1-Day chart shows that the privacy cryptocurrency experienced high volatility twice in the market. Whenever the bands expanded, the volatility was high, thus, creating an opportunity for a trend reversal. On both occasions, the candlesticks jumped back to the top half of the Bollinger Band, which is considered the uptrend. A similar pattern could be observed as the bands have expanded. Moreover, the candlesticks fell to the oversold region, which could drive the price upwards as it faces price correction. The BBW is rising upwards which further confirms that ZEC market volatility would increase.

Zcash (ZEC) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI is currently valued at 26.36, which is considered an oversold region by most traders. As the RSI is below the SMA, it is another sign that ZEC is witnessing a bearish market sentiment. If the RSI climbs up, then, it could enter the weak trend region. When the RSI climbs to a weak trend region, then, it has a huge potential for it to enter the strong trend also.  

Zcash (ZEC) Price Analysis – Moving Average

The candlesticks continue to trade below the 200MA after the formation of the death cross. This could be considered a bearish signal as the candlesticks are facing a downtrend. However, ever since the death cross, the gap between the 50MA and the 200MA continues to reduce, which could be a sign that ZEC’s bearish trend may end soon. Moreover, the 50MA also acts as a resistance as the candlesticks need to hit the 33.1 level to increase its chances to trade beyond the 200MA. If the ZEC candlesticks reach beyond the 200MA, then it could be considered as an uptrend, thus, a golden cross could be formed soon.

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

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

The MACD line is currently below the signal line, which is considered a short-term bearish trend by many traders. Moreover, the MACD line and the signal line are pointed downwards, indicating that ZEC’s price may continue to fall in a short span of time before its recovery. However, after some time, ZEC’s bearish could end soon as it has entered the oversold region and may experience a price correction soon.

Zcash (ZEC) Price Prediction 2023-2030 Overview

Zcash (ZEC) Price Prediction 2023

ZEC’s candlesticks have been gradually falling over time and currently, it is residing in the Support region. The Support region is a critical point for ZEC and it is expected that it would bounce back from the Support region. Moreover, the MACD line is below the SMA, signaling that ZEC could continue to witness a short-term bearish period for some time. Moreover, the ADX is valued at 42.76, indicating that the bearish trend is still strong. There is a chance that ZEC may fall for some time, however, it could also recover immediately as it is trading in the overbought region and could expect a price correction.

Meanwhile, the price prediction of ZEC for 2023 remains to be bullish and is expected to reach beyond the level of $69.8. The bearish price prediction range for ZEC is between $21.6 to $25.9. However, if ZEC experiences extreme bullish sentiment, then it would reach the $80 level.

Zcash (ZEC) Price Prediction – Resistance and Support

ZEC is currently trading in the Support region due to its bearish sentiment. The candlesticks fell from the Resistance 5 level to the Support over a long period of time. It is clear that ZEC is currently moved into the oversold region and it start its climb again. If ZEC experiences a bullish sentiment, then, it could reach the Resistance 1 level. Moreover, if ZEC experiences an extremely bullish signal, then, it could trade between Resistance 2 and Resistance 1. Ultimately, the Resistance 2 level at $101 is on of the aims of ZEC during its bullish ride.

Zcash (ZEC) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ZEC could also be affected by Bitcoin halving and could trade beyond the price of $86 by the end of 2024.

Zcash (ZEC) Price Prediction 2025

ZEC could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ZEC will continue to rise in 2025 forming new resistance levels. It is expected that ZEC would trade beyond the $98 level.

Zcash (ZEC) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ZEC could tumble into its support region of $98. Moreover, when ZEC remains in the oversold region, there could be a price correction soon. ZEC, by the end of 2026, could be trading beyond the $102 resistance level after experiencing the price correction.

Zcash (ZEC) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. ZEC is expected to rise after its slumber in the bear season. Moreover, ZEC could even break more resistance levels as it continues to recover from the bearish run. Therefore, ZEC is expected to trade at $124 by the end of 2027.

Zcash (ZEC) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, ZEC will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ZEC would be trading at $131 after experiencing a massive 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 would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ZEC could be trading at $144 by the end of 2029.

Zcash (ZEC) Price Prediction 2030

After witnessing a bullish run in the market, ZEC and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ZEC could be trading at $148.

Zcash (ZEC) Price Prediction 2040

The long-term forecast for ZEC 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 tokens at the ATH point. However, ZEC may face a slight fall before starting its upward journey once again. It is expected that the price of ZEC could reach $198 by 2040.

Zcash (ZEC) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ZEC could surpass the resistance level of $267.

Conclusion

To summarize, if investors continue to show interest in ZEC and add these tokens to their portfolio, then, it could continue to rise up. ZEC’s bullish price prediction shows that it could pass beyond the $$69 level. Moreover, ZEC could surpass the $267 level by the end of 2050.

FAQ

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.

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