- Skyrocketing Zcash (ZEC) price prediction is $1700.
- Bullish Zcash (ZEC) price prediction 2022 is $184.
Important: This Zcash (ZEC) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their ZEC price forecast outcome differently. Hence, we strongly suggest to do your own research before buying ZEC.
The crypto space continues to experience the wild swing of the bearish market. Bitcoin, the king of crypto assets keeps struggling below $35k, a downtrend position. This current situation in the market is felt across the ecosystem. As a result, most of the digital assets in the space are waving red flags.
However, some assets remain strong despite the falling market. Zcash (ZEC) is one of the crypto assets that maintain its ground against the bears. This made the crypto keeps its position as one of the top 100 crypto assets in CoinGecko. Do you think Zcash (ZEC) will be able to maintain its trend in the coming months?
In this Zcash (ZEC) price prediction 2022 article, we take a look at whether ZEC is a good investment in 2022 indeed. We’ll proceed to our charts shortly.
For those who may be asking, “What is Zcash (ZEC), and is ZEC a good cryptocurrency to invest in 2022?”, worry not. We’ve got you covered.
What is Zcash (ZEC)
Zcash is a cryptocurrency that uses blockchain to run its technology. It is an open-source digital asset that provides privacy and selective transparency of transactions. For example, all transactions such as payments are published on a public blockchain while the sender, recipient, and transaction amount remain private.
Furthermore, ZEC is based on peer-reviewed cryptographic research. It is built by a security-specialized engineering team on an open-source platform based on Bitcoin Core’s battle-tested codebase.
Now that we have an overview of ZEC, let us take a look at its market standing.
Zcash (ZEC) Overview (At the time of writing)
Zcash (ZEC) Price Prediction 2022
ZEC is one of the solid crypto assets in the industry that continues to develop its network aggressively. Today, the crypto ranks as one of the top 100 assets in Coingecko. It has a huge market cap of over $1 billion with a total supply of 21 million.
As seen in the chart above, ZEC keeps its position within the Arnaud Legoux moving average (ALMA) indicator. This is an indication that the crypto continues to move in an up trend position. If ZEC is able to maintain this position, there is a big chance that ZEC may be able to reach the resistance zone of $113.1. If it does, it will fuel the crypto to advance its position towards the bullish price of $142 to $150.
Best of all, if ZEC is able to attract more investors to the platform, the price of the crypto may even explode. In other words, ZEC may skyrocket its position over the next resistance level of $184. But of course, this price ZEC forecast still depends on the behavior of the network investors and the bullish market.
Meanwhile, in the past year, ZEC was able to record a skyrocketing price of almost $400 per crypto with a huge growth rate of nearly +2000%. If ZEC is able to create a huge price pump like this once again, ZEC may reach the moon price of over $1700 per crypto.
On the other hand, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, ZEC is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of ZEC goes beyond the 70/30 range again, it will be a different story.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Other Market Prediction for Zcash (ZEC) in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for Zcash (ZEC) amounts to $121.66.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for Zcash (ZEC) amounts to $150.13.
Market Prediction for Zcash (ZEC) Price 2023, 2024, 2025, and 2026
Zcash (ZEC) price prediction 2023 is up to $141.04 (estimated)
Zcash (ZEC) price prediction 2024 is up to $143.53 (estimated)
Zcash (ZEC) price prediction 2025 is up to $189.94 (estimated)
Zcash (ZEC) price prediction 2026 is up to $176.22 (estimated)
Zcash (ZEC) continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the ZEC price prediction in 2022 amounts to $184. However, this forecast still depends on how the market will treat ZEC Finance in the future.
Zcash (ZEC) is one of the leading privacy transaction networks in the crypto space nowadays. Through this, we can say that Zcash has the potential to be a good investment in the next months of the year.
The price status of ZEC depends on many different factors, one of which is the current market situation. If Zcash is able to invite more traders and stakers to the platform, there is a big chance that the price of ZEC will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the Zcash network, an event that is very uncontrollable.
The Zcash crypto is one of the most iconic projects in the space. The Binance exchange is one of the famous crypto exchanges supporting ZEC crypto.
Yes, ZEC is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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