ZCash [ZEC] Price Prediction
According to our Forecast System, it is Zcash, the most better suitable coin for long-term (1year) investment. If you buy 1 Zcash today, you will get a total of $117.05. Please check Q&A about future ZEC projections. Our technologies have improved a lot and thus the price variations and predictions are updated every 3 minutes after an analysis. We mark the future values of coins at CoinPricePredictions with technical verification for the wide selection of digital coins like Zcash. If you are searching for the most effective and profitable currencies, Zcash is the better option. Zcash price equal to $117.05. Is it profitable to invest in Zcash? Live forecast, Exchange Report & outlook for the future: You can notice the Zcash Price prediction above.
According to current data Zcash (ZEC) and possibly its market environment has been in an optimistic cycle for the past 12 months. Our crypto analysts indicate that there will be a positive trend in the future and golden years are yet to come for ZEC. Since this virtual currency has a confident outlook, we suggest it as a part of your portfolio. Trading in specific markets is always elementary, so you might require to support these currencies under the given conditions but still conduct a thorough study of the coin before investing in any crypto. ZCash(ZEC) opened trading today at $104.81. It achieved a Market high of $119.63 and a subsequent Market low of $104.56, Representing a change of $12.07 and price percentage change of 11.52% . Its current Price is $116.88 representing a market share of 0.21% only. A total volumn of $2,931,744 worth of ZCash traded hands today, achieving a Maximum Mkt Cap of $559,771,200 for the day. Our specific event-based ZCash prediction prognosis is forecasting that ZEC value is going to enhance and will be +11.2% approaching towards $124.03 by 10-09-2018.
Zcash Market Cap - ZEC/USD
There's 1 coming event that was counted while forming this ZCash forecast. The system has researched 5155 global occurrences that occurred in the cryptocurrency community in the past to figure out the relevance in price change connected with every event classification. As estimated by the event-based prediction your 1000$ worth ZEC deposits may be $1112 by 10-09-2018. This estimation was computed on the 10 past ZCash occurrences.
The latest pricing of ZEC is $111.54. At this point in time the ZCash price prediction algorithm is calculating that within the next day ZEC price will be -5.5% on the move to $105.41, in 7 days -24.3% making its way to $84.44, in one month -50.6% on the move to $55.1 and in 3 months -57% approaching $47.96. The Long-term forecast is displaying that ZCash will be decreasing in dollar value.
While creating the ZEC price prognosis our program has revealed that throughout the last 180 days the max dollar value of the coin was $366.14, and the lowest value was $111.54. At this instance ZCash is in #38 place by market capitalization, having 0.16% overall of cryptocurrency capitalization and 0.24% compared to the altcoin market.
ZEC Live Price Analysis
There are 4788968 ZEC circulating on the market at this point with a total supply of 21000000. New coins are being produced with the PoW mining type based on the Equihash algorithm.
What may occur if you decide to buy $1000 in ZEC now? The ZCash prediction program deduces that within one day the worth of your investment may be $945, in 7 days it may be $757, in one month it may be $494 and in 3 months it may be $430.
It is an open-source cryptocurrency which uses zero-knowledge proof to make private data more secure. We have heard how blockchain is revolutionizing several business models but an analytical view of the scenario will reveal how it has used this technology to a greater advantage. The technology itself is revolutionary but it promises the benefits to those who use its true potential. This cryptocurrency has even surpassed bitcoin when it comes to the security of transactions.
Let’s explore what zero-knowledge technology is all about. Basically, the transaction between two parties is only validated if the other party gives some hint about the secret information. It’s more like a secret question but not exactly the same. In a secret question, the user has to tell the entire secret answer while in Zero-knowledge proof, only a hint about the secret question is required.
Zcash Price Prediction 2018,2019 and 2020
The reason that this currency will grow in the future is that of its confidentiality feature. In today's age, every individual and organizations want their financial transactions to remain confidential. Usage of Zcash ensures that it remains secret even if a public blockchain is used.
|Quarter||1 Year||5 Years|
Zcash (ZEC) Live Price Analysis
It is difficult to predict the price of any cryptocurrency because most of them are influenced by speculations. However, the utility that these digital currencies offer also make an impact on the value.
As of mid-June 2018, ZEC is currently traded at around $190 and it is predicted to cross $1200 in 2023. With this estimate, if a potential buyer invests 100 dollars today, the ROI would be roughly $600 after five years.
This Zcash prediction shows that it is an awesome investment opportunity for the long term. Nothing is perfect in this world and everything has strengths and weaknesses, so is the ZEC. The weak point of this currency is that there is a 20% tax on the coins mined for developers. The other thing that could go against it is the high degree of anonymity of transactions which will encourage its illicit use. There is a probability that a campaign may be launched against this factor.
One more thing that could potentially go against this digital currency is that it has lost the private key of the system which is a key requirement for zero-knowledge proof technology. All of these points could harm its growth but the time will decide about its future.
So, until now, the Zcash forecast is positive and there are fewer chances that these factors could damage its repute.
|Current Supply||4,789,281 ZEC|
|Total Supply||21,000,000 ZEC|
|Volume in Coins||23,055 ZEC|
|Volume in Currency||$2,931,744|
How to Buy Zcash (ZEC)?
Well, you can buy the ZEC Coins with both Cryptocurrencies and Fiat Currency. So, check the complete procedure, and then proceed to make the purchase.
- First of all, create an account in the Currency Exchange
- Then go ahead and Purchase the Cryptocurrency like Bitcoin or Etherum which most of the sites provide or you can buy the Zcash directly with the Fiat currency which only certain website does provide the option.
- if you buy the Cryptocurrency, then transfer it your account, so that you can trade it for the Zcash.
- Buying with the Cryptocurrency is easy compared to the Fiat Currency.
How to Sell Zcash Coins?
Selling ZEC coins is the same as buying but after selecting the trading pair, you have to click on sell instead of buy.Visit website open_in_new
|Price in BTC||0.01464074975917 BTC|
|Current Supply||5,713,006 ZEC|
|Total Supply||21,000,000 ZEC|
|24h Volume (coin)||14,248 ZEC|
|24h Volume (currency)||$758,921|
|Last updated||2019-01-20 13:20:17 +00:00 GMT|
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