In this guide, we will express our and the market’s opinion on the future ZEC as we discuss Zcash price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Zcash.
Now, let’s get into it.
Before delving into Zcash’s price prediction and answering questions about whether ZEC is a good investment or not, why ZEC will succeed or fail, or why the price of Zcash will rise or fall, let’s quickly take a look at what ZEC is and its history to date.
What Is ZCash (ZEC)?
Zcash (ZEC) is an open source decentralized cryptocurrency that guarantees privacy and selective transparency of transactions. Zcash coin payments are published on a public blockchain, but the details of the sender, recipient, and transfer amount are confidential.
Created in 2013, Zcash, formerly known as “Zerocoin,” was initially suggested as an experimental extension of privacy to Bitcoin using advanced mathematical techniques called “zero-knowledge proofs.” Due to the novelty and computational intensity of the Zerocoin protocol, however, Bitcoin core developers found implementation in the Bitcoin protocol impractical. Subsequently, with further improvements to the protocol leading to substantially more efficient zero-knowledge proofs, Johns Hopkins’ founding Zerocoin scientists in collaboration with researchers from MIT and Tel Aviv University created a new protocol called “Zerocash” (Zcash).
How does Zcash work?
*zk-SNARKS *– Zcash uses a form of zero-knowledge evidence known as “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”. Yes, a bit of a bite. Thankfully, it is often short-circuiting zk-SNARKS within the crypto community.
zk-SNARKS checks that the conditions for a valid transaction are met, without checking private or confidential information. They allow a user to prove that they have the correct money and authorization, without actually having to show them. Wax seals were used to let messengers know that the letters were authentic without having to actually open and check. zk-Snarks works the same way.
ZEC price forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Zcash Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
ZEC Forecast 2025 – 2030 – 2040
Our forecast model predicts that ZEC will reach new highs in 2025:
The ZEC price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.