Zcash Price Prediction
M Moses |
Zcash (ZEC) is a decentralized crypto coin that has its main focus on privacy and anonymity. It utilizes zero-knowledge proof technology called zk-SNARK, which allows nodes to verify transactions without revealing any sensitive data.
Zcash coin came on the market on the 28th of October, 2016, and it now features a value of $31.41. During its first days, Zcash reached a value of $5,941. But, ever since then, it has struggled to reach such a big evaluation. Below we will present the coin price prediction for 2024.
Can Zcash Get Back in Value in 2024?
The price prediction for this altcoin stays bullish for 2024. It also indicates that a new high swing might happen in the coming months. The coin took support near $26 and it revealed a decent uprise suggesting that investors are getting active.
Zcash’s value sustained above the 50-day EMA and also broke out of the 200-day EMA. This shows that the positional trend as well as the short-term trend has turned its way upward.
Buyers seem to be returning back to Zcash as its price is in the recovery mode. This recent bounce back in its value came with support from a high buying volume. It indicates activities from whales who decided to inject money into a privacy coin project.
As a result, the ZEC price might continue the momentum and reach its July 2023 value. According to the Zcash chart pattern, the price of this crypto coin is set for a massive breakout. So, buyers should search for opportunities to purchase and stay in the direction of this positive trend.
At the moment, Zcash is trading for $31.41 with an intraday increase of 0.17%. The volume to market cap in the past 24 hours is at 0.76% which suggests that liquidity is pretty good.
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Zcash (ZEC) is a decentralized crypto coin that has its main focus on privacy and anonymity. It utilizes zero-knowledge proof technology called zk-SNARK, which allows nodes to verify transactions without revealing any sensitive data.
This crypto coin came on the market on the 28th of October, 2016, and it currently features a value of $31.41. During its first days, Zcash reached a value of $5,941. But, ever since then, it has struggled to reach such a big evaluation. Below we will present the coin price prediction for 2024.
Can Zcash Get Back in Value in 2024?
The price prediction for this crypto coin stays bullish for 2024. It also indicates that a new high swing might happen in the coming months. The coin took support near $26 and it revealed a decent uprise suggesting that investors are getting active.
Zcash’s value sustained above the 50-day EMA and also broke out of the 200-day EMA. This shows that the positional trend as well as the short-term trend has turned its way upward.
Buyers seem to be returning back to Zcash as its price is in the recovery mode. This recent bounce back in its value came with support from a high buying volume. It indicates activities from whales who decided to inject money into a privacy coin project.
As a result, the ZEC price might continue the momentum and reach its July 2023 value. According to the Zcash chart pattern, the price of this crypto coin is set for a massive breakout. So, buyers should search for opportunities to purchase and stay in the direction of this positive trend.
At the moment, Zcash is trading for $31.41 with an intraday increase of 0.17%. The volume to market cap in the past 24 hours is at 0.76% which suggests that liquidity is pretty good.
M MosesContent Creator
Last Update: October 21, 2024
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