Zcash Price Prediction 2023 to 2028: How High Can ZEC Rise Before 2024?
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1 Zcash price forecast is $36.4 (max) by the end of 2023.
2 Zcash crypto price dropped 0.19% in the past 24 hours and was trading at $30.09 at press time.
3 The Zcash crypto trend analysis showcases a bullish outlook and hovers above the 50-day EMA.
Zcash (ZEC) cryptocurrency lets users choose between transparent and shielded transactions. Transparent transactions are similar to Bitcoin, where public addresses and amounts are visible on the blockchain.
Shielded transactions use zk-SNARKs, a technology that hides the addresses and amounts from the public. Zcash offers privacy and anonymity for its users, while still being a decentralized and permissionless digital currency.
Zcash crypto price has been gaining steadily over the past three weeks. Earlier, the crypto price was on the decline. However, the bears failed to form a new swing low after which the bulls got control of the price trend.
The ZEC price bottomed out near the low of $23 after which the bulls turned aggressive and kept on adding more volume. The price went up by over 16% in the past three weeks.
It had a 24-hour trading volume of $64.91 Million with a rise of 3.33% as compared to the previous day. The live market cap of Zcash is $493.16 Million and it ranks 90th among the top cryptos. The volume-to-market cap ratio is 12.29% indicating mild volatility in the market.
Zcash Price Prediction November 2023
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Source: ZEC/USD By TradingView
The price is hovering near the 200-day EMA. Per the technicals, the bulls are dominating in the short term and attempting to surpass the EMA. The bears are losing in the short term and struggling to get control in the game.
If the price surpasses the 200-day EMA, it may unlock new supply zones on the upside. However, if the bears dominate near the 200-day EMA the price may drop to the lower levels.
The price prediction for November 2023 suggests a neutral to bullish outlook as the price surpassed the 50-day EMA. The price may keep on gaining until it stands above the 50-day EMA. The analysts assumed that the ZEC price may reach a high of $35 by the end of November.
Zcash Price Prediction 2023
The financial markets have experienced many ups and downs in the current year, despite which, the crypto markets have managed to make a comeback in the second half. The Zcash crypto price is also recovering steadily and is up 24% in the past three months.
The most optimistic price forecast of the analysts expects the ZEC price to surpass the $35 mark and hover near $36.4 signifying an uptick potential of 20.7% from the current market price. The minimum price target for Zcash crypto by year end is $31.6.
Zcash Price Prediction 2024
The crypto market may experience more gains in 2024 as many updates are expected in the near future. Also, the cryptocurrencies are expanding their roles in major sectors which may further help the price gain in the long term.
As per the analysts, the most optimistic target that the Zcash price may achieve is $52.9, indicating an upside potential of 75.9% from the CMP. The average analyst price target is $39.7 by the end of 2024. However, the pessimistic view of analysts is that the price may fall to $27.1.
Zcash Price Prediction 2025
The most optimistic analyst forecast for Zcash crypto expects the price to reach a high of $92.8 with a potential gain of 207% from the CMP. The minimum forecasted price by the year-end of 2025 is $47.1. The average predicted price till 2025 is $62.7.
Zcash Price Prediction 2026
The ZEC price may reach a high of $131 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $72.9 by 2025.
Zcash Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts is a price target of $176.34. The average analyst’s price target is $144.41 and analysts’ minimum price target is $92.81.
Zcash Price Prediction 2028
Till the year 2028, the crypto markets may get more exposure and have evolved more. On an optimistic note, the Zcash price may advance to a high of $238. The price may rise to a minimum of $131.6 in case of uncertainties.
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