Zcash (ZEC) is a decentralized, permissionless cryptocurrency based on a public blockchain similar to Bitcoin. However, it stands out for offering its users greater control over the visibility of transaction details. The use of zk-SNARK zero-knowledge proof technology allows transactions to be verified without revealing sensitive information, thus addressing
the issue of privacy.
Table of Contents:
Technological Innovation with zk-SNARK
Zcash uses zk-SNARK technology to allow network nodes to verify transactions without exposing sensitive details.
Unlike pseudonymous cryptocurrencies, Zcash by default does not reveal the sending and receiving addresses or the amount sent. However, it does provide an option for disclosing this data for auditing or regulatory compliance¹
.
Story and Release
Launched on October 28, 2016, Zcash originates from the Bitcoin code¹ base. Its native token, ZEC, is essential for transactions and network operations, underscoring the importance of Zcash in the privacy-focused cryptocurrency landscape
.
Value Projections
When will it reach 1 dollar? Zcash will never reach 1 dollar, being currently valued at around 22.7 dollars². Its focus on privacy makes it valuable even in scenarios of market correction.
When will it reach 10 dollars? Reaching 10 dollars would require a 56% decrease from the current value². This could happen during times of crisis and uncertainty for the cryptocurrency sector
.
When will it reach 100 dollars? To reach $100, Zcash would need to quadruple its current value². Optimistic forecasts indicate that this could happen by 2028 or 2029, but they are
highly speculative.
When will it reach 1000 dollars? Reaching 1000 dollars would be an ambitious and difficult goal, requiring exponential growth over time². At the moment, there are no realistic forecasts to support this possibility
.
Investment Assessment
Evaluating Zcash as a good investment requires a thorough analysis, considering factors such as supply and demand, market conditions, regulations and investor confidence. Zcash is a volatile cryptocurrency, and an investment should be based on extensive research and expert advice
.
Price Forecasts from 2024 to 2030
Based on web data, I created a summary table of Zcash’s price forecasts for the coming years, according to various sources. Note that these are only indicative estimates and do not necessarily reflect the real value of Zcash in the
future.
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | $15,235 | $18,764 | $22,293 |
| 2025 | $16,655 | $20,814 | $24,973 |
| 2026 | $18,075 | $22,864 | $27,653 |
| 2027 | $19,495 | $24,914 | $30,333 |
| 2028 | $20,915 | $26,964 | $33,013 |
| 2029 | $22,335 | $29,014 | $35,693 |
| 2030 | $23,755 | $31,064 | $38,373 |
