The modern market is inundated with numerous promising ventures, and cryptocurrencies are among the most esteemed ones. The entire concept of digital money is revolutionizing the industry. Also, for investors, cryptocurrency has opened the doors for new opportunities.
Amidst the vast list of cryptocurrencies in 2021, Zcash shines as one of the best options for users worldwide. That is why searches like what is Zcash, why to buy Zcash, and Zcash price prediction are popular on the web. Let’s check why Zcash can be proven as a best investment for beginners.
What is Zcash?
Zcash can be defined as a decentralized P2P currency offering complete anonymity to users’ data and identity. The crypto was released to be used as a Bitcoin alternative, so it also has the limit of going up to 21 million coins. Both coins use an open-source code, but the similarity ends here. The primary difference between Zcash and Bitcoin is that Zcash provides complete privacy, unlike Bitcoin.
Zcash Price History
Zcash or ZEC entered the market in 2016 with an exorbitant price of 4,000 dollars. After stabilizing a bit, it reached between 40 and 50 dollars. It quickly hit the 400 dollars mark with 429 dollars worth in 2017.
In 2018, Zcash’s value increased another 200 dollars and reached just under 700 dollars. However, a decline in the crypto boom resulted in its downfall to between 50 and 60 dollars. The price went down to 26 dollars in 2019.
2020 did not see any significant fluctuations. However, on April 24, 2021, Zcash’s value rose to 203 dollars.
Experts’ Opinions on Zcash
Edward Snowden (former CIA employee and computer intelligence consultant) is a renowned name in the crypto circle. As per Edward, the privacy technology used in Zcash is the most interesting one amidst the list of Bitcoin alternatives. He thinks that what is not private is not safe either.
Zcash Price Prediction for Upcoming Years
Crypto price prediction is a popular trend in the digital industry. Making correct speculations means you can earn hefty funds in the market.
- As of April 24, 2021, Zcash’s value was 203 dollars
- Zcash price prediction 2021, the price is expected to reach 855 dollars
- Once 2022 ends, experts believe Zcash to be valued at 1,011 dollars
- After the end of 2025, the value of Zcash is predicted to be stationed at 1,789 dollars
Scope of Zcash Coin
The cryptocurrency industry is already on the rise, and esteemed names like Zcash are bound to proliferate. Looking at the values, it is safe to say that Zcash will continue to impact the world. Besides, the world will demand a coin offering complete anonymity and security. Since Zcash stands on the benchmarks, it is safe to say that Zcash will be a promising name in the crypto industry for a long time.
Zcash is one of the most popular names in the crypto industry. It provides better security features than Bitcoin. The value of Zcash is expected to cross the $1000 mark in the coming years, which makes the cryptocurrency an option worth buying.