Will Zcash hit $10000, $1000?
| Metric | Value | Trend |
|---|---|---|
| Current Price | $361.40 | Higher |
| Trading Volume | $104.2 M | Steady |
Zcash is a decentralized digital currency that emphasizes privacy and anonymity through the use of zk-SNARK technology, which enables transaction verification without disclosing sensitive information. Unlike other cryptocurrencies, where users’ public addresses can be traced using data science, Zcash offers complete anonymity unless regulatory compliance requires data disclosure.
ZEC, the native token of Zcash, allows for private and efficient transactions, payment for goods and services, while maintaining user anonymity, staking to earn more tokens, and easy exchange for fiat currencies like USD and Euros. Zcash has partnered with various platforms such as Apex Crypto, Bitdeer, Koinly, and Ledger Nano X.
Zcash Price Performance So Far| Last 7 Days | +40.7% |
| Last 1 Month | +400.6% |
| Last 12 Months | +771.9% |
| Quality Of Investment | Good |
ZCash Tokens – Buy or Sell? Select One
- Feb 19th: +80%
- Oct 21st: +10%
Will Zcash reach $10,000?
Yes, Zcash can reach $10000 if 95% of the Tokens are destroyed.
To reach $10000, ZEC will need to rise 31.89x.
At $10000, the target market cap will be approximately $162.86 billion.
If ZEC grows at 25% annually, it could take around 16 years to reach $10000.
Let us evaluate this –
- Quality of Investment– Good [Improved]
- Time and Growth required to reach $10000– Not Feasible
- Market Cap at $10000– Not Feasible
Considering the Quality of Investment, growth required, and time required, Zcash has no chance of reaching $10000.
Will ZEC reach $1000?
Zcash will reach $1000 if 50% of the tokens are destroyed.
To reach $1000, ZEC will need to rise 3.19x.
At $1000, the target market cap will be approximately $16.29 billion.
If ZEC grows at 25% annually, it could take around 6 years to reach $1000.
Let us evaluate this –
- Quality of Investment– Good [Improved]
- Time and Growth required to reach $1000– Not Feasible
- Market Cap at $1000– Somewhat Feasible
Considering the Quality of Investment, growth required, and time required, Zcash is unlikely to reach $1000.
Note: Please consult a registered investment advisor to guide your financial decisions.