Zcash is a cryptocurrency that uses cryptography to provide enhanced privacy for its users. It was launched in 2016 and has quickly risen in value, with the price of one coin reaching $1,500 at the end of 2017.
The vtho coin price prediction 2025 is a cryptocurrency that has seen some significant growth in the last year. It is currently worth around $2.7 billion and has an annual growth rate of about 3,000%.
- The range of bullish ZEC price predictions is $170 to $910.
- The price of ZEC may potentially reach $910 in the near future.
- For the year 2021, the pessimistic market price forecast for ZEC is $101.
We utilize data, price trends, RSI, and other information about Zcash (ZEC) to evaluate the cryptocurrency’s future movement in Zcash (ZEC) price forecast 2021.
Zcash (ZEC) is a hard fork of Bitcoin Core that was released in October 2016. It’s a cryptocurrency that use encryption to offer more anonymity to its users than other cryptocurrencies like Bitcoin. The Bitcoin codebase serves as the foundation for Zcash.
The Zcash Company has no influence over any element of the coin other than delivering updates to the software underpinning the Blockchain, since Zcash is an open-source technology. This helps to make Zcash genuinely decentralized.
At the time of writing, the Zcash price was trading at $136.49, with a 24-hour trading volume of $350,282,769, according to CoinGecko. In the past 24 hours, however, ZEC has risen by 7.04 percent.
Furthermore, there are 11,995,063 ZEC in circulation. ZEC is currently traded on Binance, Huobi Global, OKEx, ZG.com, and CoinTiger, among other cryptocurrency exchanges.
Price Prediction for Zcash (ZEC) in 2021
On CoinGecko, Zcash (ZEC) is now ranked 68th. The price of ZEC in 2021 is forecasted in three time periods.
Time Period: Monthly
The chart of Zcash(ZEC) on a monthly time period is given below.
Monthly Time Frame ZEC/USDT Price Chart (Source: TradingView)
Monthly charts typically show a succession of data points, each of which represents the price change for a particular month of trade. Furthermore, traders have been using this chart style for a long time, but it is only suitable for long-term trading.
Let’s have a look at the support and resistance levels in different time periods now.
Time Period: Weekly
The weekly time frame chart of the Zcash (ZEC) trend is shown below.
Weekly Time Frame ZEC/USDT Price Chart (Source: TradingView)
Weekly charts, in particular, are the ideal time period for representing long-term patterns. Each bar on a weekly chart represents one week of price or volume history. This implies that weekly charts may provide a more comprehensive picture of a cryptocurrency’s price history.
Time Period: Every Day
The daily time frame chart of the Zcash (ZEC) trend is shown below.
Daily Time Frame ZEC/USDT Price Chart (Source: TradingView)
The daily period, often known as daily bars, refers to how the chart is set up such that each bar represents one day’s worth of trading activity. From all three time periods, it is apparent that the resistance and support levels for ZEC are as follows.
- $170 is the first level of resistance.
- $288 for Level 2 Resistance
- Level 3 Resistance – $410
- Level 4 Resistance – $910
- Level 1 Support – $101
- Level 2 Support – $47
- Level 3 Support – $22.50
Overall, the charts above show that ZEC’s bullish trend is continuing and that tremendous heights are conceivable. Furthermore, the charts indicate that ZEC has been trending upwards for the last month. If the current trend continues, ZEC may be able to catch up with the bulls and break over the $910 resistance level.
In the event that investors turn against cryptocurrency, the price of ZEC may fall to almost $44.97, indicating a negative indication.
Relative Strength Index (RSI) and Relative Volume for Zcash (ZEC) (RVOL)
Let’s take a look at ZEC’s relative strength index (RSI). The RSI is still at 43.2, as seen in the graph below. This indicates that the price of ZEC is almost oversold. As a result, there is a risk of a significant price reversal, therefore traders should proceed with caution. The RVOL has been below the cut-off line, indicating the Lower RVOL, since mid-May.
RVOL and the RSI of ZEC/USDT (Source: TradingView)
Since the beginning of 2021, there have been many positive movements in the ZEC price. Furthermore, if all of these factors are taken into consideration, ZEC may have a competitive market by 2021.
The ZEC is one of the cryptos that has managed to hold its ground in a negative market. In addition, our ZEC price forecast for 2021 is optimistic. However, this will only happen if it overcomes a number of previous psychological barriers.
Furthermore, the ZEC ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon hit $410, and it may even reach high levels, such as $910, if investors believe ZEC is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
The will vtho price go up is a question that has been asked for quite some time. It is unknown if the Zcash price will hit $910 soon, but it is worth watching in the future.
Frequently Asked Questions
Will Zcash go up in 2021?
Zcash is a cryptocurrency, so it will likely go up in value. However, this is not a guarantee.
Is Zcash good investment 2021?
In my opinion, Zcash is a good investment because it is the first cryptocurrency that uses zk-SNARKS for privacy.
What is Zcash all time high?
Zcash is a digital currency that offers privacy and anonymity to its users. It currently has an all-time high of $1,902.