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Zcash Price Index - Real Time Price Graph

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Zcash (ZEC)
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Zcash (ZEC) is a cryptocurrency with unique privacy features built into the original Bitcoin codebase.

The developers of Zcash believe a world currency should have privacy and fungibility, or it can be manipulated and used as a tool for oppression or financial surveillance

With Zcash, the user controls the information they share with the option of transactions with shielded addresses and balances not visible on the blockchain.

With the Zcash halving due to occur in October 2020 and a recent spike in shielded transactions, many people believe it can once again return to the highs of the last bull market when it was trading north of $600 USD.

Where to Buy Zcash?

Established back in 2016, Zcash is one of the more established cryptocurrencies, which can be bought and traded at numerous global exchanges and brokerage platforms worldwide. 

You can also purchase Zcash through a broker for quick and easy trading. When choosing a broker or OTC desk, make sure they are compliant and regulated by a global authority to ensure safe trading.

A Brief History on the Price of Zcash

When trying to predict the future price of Zcash, we need to analyze a number of important factors and the macro-political environment to determine if trade winds are favourable. 

We will also need to dive into the fundamentals of the cryptocurrency itself and take a look at historic price movements, in a bid to more accurately predict the value of Zcash in the future.

Key News for Zcash

Like most cryptocurrencies at present, the price movements of the market leader Bitcoin heavily influences the price of Zcash. In a world where civil unrest and a virus are wreaking havoc on the global economy, safe havens like gold and Bitcoin are fairing far better than most commodities. 

Zcash was hit hard in the 2018 bear market, falling 88% in value. This was not unusual with many coins facing the same fate having inflated to bubble levels in 2017. 

Last year a few privacy coins were delisted from centralized exchanges as people held worries over the regulatory environment for them. With the growth in immutable decentralized exchanges in 2020 however, this is becoming less of an issue.

Some investors also expressed concerns over the Zcash inflation rate and what they believed to be a disproportionate level of supply hitting the market.

You may have heard of the Bitcoin halving, well the ZEC halving takes place in autumn, 2020. A block subsidy reduction, it is expected to alleviate investors’ concerns about Zcash inflation while also putting upward pressure on the coin price. Judging by the market, the upcoming Zcash halving may not have been priced in.

The halving is expected around November this year at block 1,046,400 when rewards per block mined on the Zcash blockchain will be cut in half.

Established back in 2016, Zcash is one of the more established cryptocurrencies, which can be bought and traded at numerous global exchanges and brokerage platforms worldwide. 

ZEC can also be purchased through a broker for quick and easy trading. When choosing a broker or OTC desk, make sure they are compliant and regulated by a global authority to ensure safe trading.

Zcash Timeline

November 2014

Zcash has its origins in a 2013 start-up called Zerocoin, but the very first issue listed on the Zcash Github dates to November 2014

  • January 20, 2016
    Zcash project announced

  • October 28, 2016
    Zcash officially launched

  • October 29, 2016
    Zcash begins trading with bids reaching all-time high levels of $4,293.37, but it is unlikely many orders were filled, due to the lack of liquidity. (The real all-time high for ZEC is closer to $600, at the peak of the bull market)

  • October 31, 2016
    Zcash begins trading on more exchanges. (ZEC begins price discovery and falls to $570.91)

  • March 17, 2017
    Zcash Foundation announced (Zcash price opens at $49.12 dollars and rises to $80.33 within two days)

  • October 17, 2017
    JP Morgan, one of the largest banks in the United States, requires privacy on a public blockchain and hires the Zcash Company. (ZEC opens at $233.11 and hits a high of $250.28 before settling back down)

  • November 09, 2017
    Grayscale Zcash Investment Trust launched (ZEC opens at $250.55 in the bull market and doubles in price in less than a month)

  • December 18, 2017
    Zcash profiled in Fortune Magazine (ZEC opens at $538.40 and climbs to a high of $740.69 three days later)

  • May 14 2018
    Gemini provides Zcash support and approval from the New York Department of Financial Services (NYDFS). (Price opens at $261.08 and jumps to $349.56 on the same day)

  • July 25 2018
    Bitgo announces Zcash support with NYDFS approval (ZEC opens at $222.58 and remains very stable for the next few days but begins price decline over the next few months due to harsh bear market)

  • October 02, 2018
    Zcash Company releases a new brand, website, and assets. (The price opens at $127.09 and remains stable)

  • November 29, 2018
    Coinbase announces support for Zcash (ZEC opens at $80.11 and remains stable)

  • January 10, 2019
    Galaxy Digital begins OTC trading of Zcash (ZEC opens at $60.49 and closes slightly down for the day)

  • February 05, 2019
    Zcash company discovers a counterfeiting vulnerability due to an error in the math behind zero-knowledge proofs. (ZEC opens at $48.46 and closes a little down on the day after significant volatility)

  • March 20, 2019
    Binance announces a full set of ZEC trading pairs (Zcash price opens at $57.19 and remains fairly stable)

  • May 31, 2019
    New brand and website launch for Electric Coin Company (ECC), with separation from the cryptocurrency Zcash in the interests of decentralization. (ZEC price opens at $83.50 and hits a high of $90.87 before closing fractionally lower)

  • March 12, 2020
    Black Thursday cryptocurrency market crash. (ZEC opens at $40.11 and falls to $26.50 in a single day)

  • March 13, 2020
    Zcash all-time low (ZEC hits $18.94 USD before bouncing back days later)

  • May 4, 2020
    The Zcash network records a 70% spike in fully shielded transactions, marking a new record. (ZEC price opens at 44.20 and remains stable)

Compare Zcash With Fiat Currencies, Commodities, and Crypto

With the global economy reeling from the Coronavirus outbreak, large-cap cryptocurrencies like Zcash have been the best performing asset class worldwide since the beginning of the year. 

Zcash has been on the rise and few commodities or currencies have matched the privacy coin’s returns in 2020.

Compare Zcash With Gold

With economies at a standstill due to the pandemic and political unrest, people flocked to traditional safe havens like gold, which gained 15% since January.

Less traditional safe haven’s like Bitcoin outperformed the yellow metal so far this year with a 30% gain, while Zcash gained 60%, beating out both by a considerable margin. 

Cryptocurrencies like Zcash offer a more practical, secure, and convenient store of value than physical gold, which will need to be kept in a secure location. Despite this, Gold was one of the best performing physical commodities during this difficult time.

Compare Zcash With Bitcoin

Bitcoin is the original cryptocurrency and the one with the highest market cap. That doesn’t mean it is the most practical cryptocurrency to use, only the one that has the greatest network effects. 

Bitcoin fees are higher and transactions are slower than Zcash. Bitcoin isn’t really designed to be peer-to-peer cash, rather a form of digital gold, though, with the Lightning Network, micropayments are coming to Bitcoin.

Zcash outperformed Bitcoin since the start of the year by over 30%. It is worth noting, however, that the bear market hit Zcash harder than Bitcoin.

Compare Zcash With Crude Oil

People were aghast at the momentous drop in the price of crude oil earlier this year as a result of the pandemic and the price war between Saudi Arabia and Russia. At one point the price of a barrel fell into negative territory, bottoming out at -$40.32.

This incredible collapse meant that suppliers would have to pay people to take a barrel of oil, as storage costs for the surplus crude were so high. While the price of crude has recovered back into positive territory, Zcash significantly outperformed ‘black gold’ in 2020 by a massive margin.

Compare Zcash With Ethereum

With the much-anticipated Ethereum 2.0 rollout on the horizon, ETH’s price has been steadily rising, up more than 65% this year. 

ZEC has been almost keeping pace with the second biggest crypto by market cap, gaining 62% since the start of the year.

Compare Zcash With Monero

Zcash isn’t the only privacy coin on the market and it is worth comparing its performance to other well-established privacy coins like Monero (XMR).

While the price of Monero has been increasing since the start of the year, ZEC performed better with a 62.11% increase in value compared with Monero’s 46.5% return.

Zcash Future Price Predictions

To determine the price Zcash (ZEC) will command in the future, we need to analyze a number of factors. 

The macroeconomic outlook for the world economy needs to be taken into account, as does the overall outlook for the cryptocurrency market and the price history of Zcash.

We will also need to check the outlook for privacy coins, in terms of the regulatory environment and global sentiment regarding financial privacy and shielded transactions.

Zcash Price Predictions for 2020

In analyzing the short-term outlook for Zcash we need to look at the price history first. It had been slowly recovering from the brutal bear market when Black Thursday hit, a market crash driven by global concerns over the COVID-19 pandemic and a fear-driven flight to cash by investors.

The cryptocurrency market has been rebounding strongly since that event, and few more than Zcash. This privacy-based coin has been exhibiting a bullish market structure since the crash with the price breaking above moving averages.

Mining reward halvings are important because they affect a cryptocurrency’s supply and can have a significant impact on price.

The Zcash halving is expected to transpire in November this year and there is a good chance it will continue its rise up until that event. It is possible that ZEC will be trading at least $20 higher than it is now, by November 2020.

Zcash Price Predictions for 2021

Bitcoin halvings are typically a bullish price driver both up to and often after the event. With Zcash’s halving coming up in November, there is a good chance the price of Zcash will continue to rise up, both approaching, and following the halving. 

Privacy coins have been stuck between both a bullish and bearish narrative. The bullish narrative is that many people will eventually want private transactions, especially those that live in surveillance states or under corrupt governments.

The bearish narrative is that regulatory authorities might try to clamp down on privacy coins over concerns they will be used on the dark web or for illicit purposes. Whether they could stop a privacy coin is another question but they may make it more difficult for them to thrive in the short-term. The rise of decentralized exchanges is slowly but surely putting paid to that theory.

Zcash features some of the most advanced privacy in the cryptocurrency market. Called zk-SNARKs or zero-knowledge proofs, you can send a transaction with Zcash without any information about the transaction amounts, addresses, or transaction IDs.

With Zcash recently posting a record number of shielded transactions, it seems the privacy feature is being more actively used. With increased usage, ZEC will become more valuable thanks to its limited supply. It is not unrealistic to suggest it could double in value to around $100 in light of the upcoming halving.

Beyond 2021 for Zcash

When we are analyzing the outlook for Zcash five years from now, things start to get interesting. By that time, cryptocurrency adoption rates will be far higher than they are at present. During the 2017 bull market, ZEC was trading at over $600 and that was without significant network usage. 

If we prophesied that Zcash will be seeing far more transactions in daily life in five years, it is very possible ZEC will trade far higher than $600. Cryptocurrency review site www.cryptoground.com is speculating that ZEC will be trading at $1230.51 in five year’s time. That would be an increase of a walloping 2569% from current prices. 

Zcash Price Conclusion

Zcash is beginning its recovery from the punishing effects of the 2018 cryptocurrency bear market and the more recent Black Thursday crash. 

With the Zcash halving arriving in October 2020, the currently discounted cryptocurrency has a great chance of returning to former valuations. 

The increase in private transactions on the network is also a bullish indicator that suggests Zcash may find a market fit.

Alternative Cryptocurrencies

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Frequently Asked Questions

  1. The Electric Coin Company (ECC) is the for-profit company that launched and supports the development of the Zcash cryptocurrency. The ECC has stepped away from the now autonomous Zcash in the interests of decentralization but still supports the network and is heavily invested in seeing it succeed.

  2. Having privacy is about having a choice. With both shielded and transparent transactions, Zcash provides a value transfer solution for all types of users. In some scenarios, transparent transactions are preferable, for example for political or charitable donations. Transparent transactions also enable Zcash to be more widely adopted. Dash (DASH) is another cryptocurrency with a Private Send feature, however, Zcash maintains a greater level of privacy with zk-SNARKs than Dash does with its mixer.

  3. Zcash’s block time sits at around two and a half minutes, making it about four times faster than Bitcoin.

  4. Regardless of the type of transaction, Zcash fees are set at 0.0001 ZEC by default. Privacy comes at no additional cost with standard fees far cheaper than Bitcoin.

  5. Zcash is a coin with good liquidity and is available with market pairs on many exchanges around the world. You’ll just have to ensure you are okay with the technical aspects of a cryptocurrency exchange and you will have to choose a wallet to safeguard your newly acquired ZEC. An alternative and more simple method to gain exposure to the price of Zcash is through a regulated broker.

  6. Brokers or OTC desks trade in financial instruments known as CFDs, not the coins themselves. These contracts enable faster and easier access to the cryptocurrency market without the need to store your coins. It is important to choose a brokerage platform that is regulated by a leading global authority.

  7. Yes. Businesses can accept Zcash for payments through the Zcash payment gateway.  This decentralized payment platform enables merchants to accept payments with ZEC.

  8. If Zcash were to become a widely used and accepted global currency and store of value, the price of a single ZEC will be worth a magnitude more than it is currently. This is simple economics, a limited ZEC supply further diminished by halving events versus increasing demand.

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