ZCash (ZEC) Price | ZCash Price Prediction

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By Elizabeth Wright

September 24, 2020


ZCash (ZEC) Market Prediction

ZCash (ZEC) undoubtedly holds a strong reputation in the market, visualizing its past and present performances. It is definitely one of the favorite holds for investors to save for future profits. ZCash has astonishingly shown a very fast bump-up from the time of its launch, but will it be able to cope up with the same pace in the future?

Let’s have a look at what the market has to say about ZCash.

Trading Beasts – $100 by the end of 2020

Trading Beast gave a talk estimating ZCash to reach three times higher than its current value. Now that is $32.95 hitting up to as high as $146.24 by 2019 end. Further adding on, they told, ZCash might neutralize its pace of growth and might also fall to $100 by 2020 end.

Bein Crypto – much more than $760 in 5 years

Bein crypto seems quite specific and definite visualizing ZCash, predicting it to rise to $380 by 2019 end, and later in 5 years, it might reach more than $760.

CoinSwitch – $1242 USD by 2025

Coinswitch has reviewed ZCash, telling it quite stable and has an up-rising future giving few reasons in its favor. They predicted ZCash to cross $500 mark by the end of 2019. Then, they expect it to get eight times higher than its current price hitting $867 mark by the end of 2020. Furthermore, CoinSwitch predicts it to dominate the global market by 2025, making its place in one of the top cryptocurrencies hitting the value around $1242

Vitalik Buterin – ZCash is not a Failure

Ethereum Co-Founder Vitalik Buterin shows his confidence and a strong belief in ZCash. He states on his Twitter handle ruggedly: ‘No, ZCash (ZEC) is not a failure.’ Further, he says ZCash has been doing cutting-edge research and deployment of privacy tech. So, according to the same exploring uncharted terrain in blockchain governance, it makes the platform better and better. No idea how one can consider it a failure. 

Considering his words, one can easily predict, Vitalik Buterin indirectly is in favor of ZCash is the future.

ZCash (ZEC) Price Prediction

ZCash had emerged as a winner in context to its consistent excellent performance up-to-date. It kept its promises with the services it provided and kept on getting stronger with time, but what future brings you next? Can never be accurately interpreted. Seeing ZCash history since the beginning, it has had a high rise and downfall in its journey irrespective of its continuous better performance and time to time up-gradation. 

With the year 2017, ZCash saw a huge gain and was consistent with its growth reaching up to a point from $37 to $500 by the end of the year. Further 2018 was very unexpected as the year was like a bubble for ZCash, the price reached its peak $876 and burst low to $330 soon after.

After all the fluctuations ZCash has suffered since the beginning, it becomes tough to assume its future correctly. But based on its work performance and enhance upgrades, it can be expected that ZCash will rise high once again by the end of 2019. Assuming ZCash with the long term ahead of 5 years, it’s showing a big sustainable gap of a rise in comparison to current status.

ZCash (ZEC) Features

ZCash (ZEC) has some hardcore features and capabilities mentioned below.

Zcash has low-fee transactions that support fast transactions with a low price of .0001 ZEC. This is mainly why Zcash is supported on a large number of top wallets and exchanges. For example, Atomic wallet.

ZCash provides address and transaction privacy, which is of two types: shielded and transparent. In shielded one, addresses and transactions between shielded addresses do not reveal itself, including address, the amount of the transaction, or the contents of the encrypted memo field. In transparent, addresses and transactions between the transparent addresses are published on the ZCash blockchain just as the case in Bitcoin addresses are visible.

Encrypted memos is a memo field available for shielded transactions. It permits the sender to fill in the necessary info of the receiver, which is entirely encrypted. It is a must for exchanging along with messages and instructions, or to establish conformity with the Bank Secrecy Act “Travel” rule.

Multisignature transactions ZCash encourages transactions requiring multiple signatures. That means few transactions may demand two or more parties to agree upon a transaction before funds are made available. Copy that, multi-signature transactions are transparent ones and can not be shielded.

Payment disclosure it’s a protocol in which the sender or receiver involved in a transaction may disclose the specific details of the transaction to the 3rd party as per the requirements needed for visibility, proof, or conformity. Anyone may disclose a transaction value and memo without any access to the other user’s address. This protocol is currently under attestation to be launched soon in the future.

What is ZCash (ZEC)?

Zcash is a digital asset, cryptocurrency, that was launched by Zerocoin Electric Coin Company on 9th September 2016. This is the first example of a cryptocurrency marrying the concepts of blockchain technology with Zk-Snarks.

ZCash company CEO Zooko Wilcox introduced ZCash (ZEC) and pointed the project’s intentions to create a coin not having drawbacks as Bitcoin has. The plan was actually to provide a better alternative. Having this goal in mind, the team set up ZCash with a science similar to Bitcoin with extra features having semi-transparent options and high-security set-up.

ZCash (ZEC) is a virtual money that host’s decentralized blockchain technology, where users enjoy their transactions freely with security and anonymity. In terms of currency, ZCash is much similar to Bitcoin, including features like open-source and having a harsh limit of 21 million coins. Still, it has a vast difference in terms of maintaining the confidentiality level and compatibility that it provides using trailblazing cryptography.

Zero-knowledge proofs are the core science behind ZCash. They make transactions successful without disclosing any info about the amount and the parties involved. ZCash utilizes specific zero-knowledge proofs known to be as zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge).

ZCash (ZEC) Price Chart

ZCash (ZEC) Price Chart

(ZCash price from October 2016 till the present day with ATH)

Zcash (ZEC) current price is $32.95 with a 24-hour trading volume of $146,151,411. Price is up 2.7% in the last 24 hours. It has a circulating supply of 8.1 Million coins and a max supply of 21 million coins.

How to buy ZCash (ZEC)? 

According to the various media resources and statistics, Atomic Wallet is one of the famous and most accessible software crypto wallets to manage, buy, exchange, and hold your assets. 

Atomic supports more than 40 separate blockchains, and over 300+ cryptocurrencies with all the top ones like Bitcoin, Ethereum, Ripple, Stellar, ZCash, and others. The wallet has a simple interface and can guarantee a high level of security. 

ZCash (ZEC) will be available to purchase in Atomic in the near future. As of now, use various other platforms to buy ZEC, and then store and easily manage it in the wallet.

Atomic Wallet is a decentralized application that does not require registration or any KYC. In this case, to start using the app, you only need to download it, desktop, or mobile option. The wallet supports all the main OS platforms, and all the versions are synchronized with each other. 

Next, create a strong password and save the 12-word mnemonic seed phrase in a highly secure place. Never share it with anybody and do not lose it, as mnemonics generates all your private keys, i.e., it’s the main to your funds.  

How to exchange ZCash (ZEC)?

One of the easiest, transparent, and secure way to exchange ZEC as well as many other cryptocurrencies (60+ pairs) is Atomic Wallet. The wallet does not require any KYC – you only need to log in to Atomic, desktop, or mobile app. 

Next, click on the tab Exchange, which is displayed on the left menu on the desktop, or down in the mobile wallet. You will see the window where you need to choose the tickers for the trading pair. Set the amount for the exchange and click the exchange button at the bottom of the window. 

The next step is processing your transaction through the exchange services. Atomic supports Changelly and ChangeNOW. Just wait for some time until your transaction is confirmed on the block explorer. The details will be available once the transaction is complete. The balance and transaction history will also be uploaded instantly after the process is done. You can view it on the history tab.

If you follow these simple steps in Atomic, you can easily exchange, manage, and send ZCash (ZEC) in your wallet.

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