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bitcoin
Bitcoin (BITCOIN)
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ethereum
Ethereum (ETHEREUM)
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binancecoin
BNB (BINANCECOIN)
$901.65 -2.09%
solana
Solana (SOLANA)
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ripple
XRP (RIPPLE)
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Shiba Inu (SHIBA-INU)
$0.000009 0.17%
pepe
Pepe (PEPE)
$0.000005 1.81%
bonk
Bonk (BONK)
$0.000010 0.20%
bitcoin
Bitcoin (BITCOIN)
$91,782 0.53%
ethereum
Ethereum (ETHEREUM)
$3,022 -2.14%
binancecoin
BNB (BINANCECOIN)
$901.65 -2.09%
solana
Solana (SOLANA)
$141.87 2.52%
ripple
XRP (RIPPLE)
$2.12 -0.71%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000009 0.17%
pepe
Pepe (PEPE)
$0.000005 1.81%
bonk
Bonk (BONK)
$0.000010 0.20%
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ZCash Price Forecast: Why ZEC Could Hit $1000 Soon

Highlights:

  • ZCash price is consolidating between $717.17 resistance and $555.01 support
  • Rally through $777.17 resistance could push ZCash to $1000
  • Rising demand for financial privacy is likely to sustain ZEC demand 

ZCash (ZEC) is one of the best performers today, even as the broader market continues to weaken. At the time of writing, ZCash was trading at $671.44, up by 11.88% in the day. At the same time, volumes have shot up intraday. At press time, ZCash trading volumes had gone up by 15.69% to stand at $2.19 billion. 

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This is an indicator that capital is flowing heavily into ZCash with expectations of even higher prices going into the future. Looking ahead, there are multiple factors that support a continuation of the momentum that ZCash has built up in the last 24 hours. 

ZCash 2024 Block Halving Starting to Have an Impact On Price 

One of them is the impact of its last block halving. ZCash has a 4-year block halving cycle just like Bitcoin. The last halving happened on November 23, 2024. Bitcoin halvings have always led to major price rallies at least a year after the halving.

After the 2024 halving, Bitcoin went on to peak at above $120k in late 2025. As such, now that ZCash is already showing strong market momentum, investors are expecting that this is the period when it could experience even bigger gains. As such, capital could continue to flow into ZCash on post-halving hype, and push it to prices above $1000.

Institutional Demand Rising for ZCash

ZCash is also benefiting immensely from institutional FOMO.recently, the Winklevoss twins, who are some of the big players in cryptocurrency that they were forming a ZCash treasury. They have now announced that they are buying an additional 29,869 ZCash worth $18 million. Such institutional adoption is pushing ZCash higher for two reasons. First, it is driving up the demand for an already scarce asset.

Second, it is creating a positive narrative around ZCash. At a time when most of the market is weak, strong demand for ZCash from institutions is likely to create retail FOMO. Already, other big names such as Aurther Hayes, the founder of Bitmex, have also announced that they are holding ZCash long term. Such could position ZCash for a rally to higher prices in the short term. 

Financial Regulations Likely to Push More Capital Into ZCash

The privacy narrative is also getting stronger. This is because of the growing regulations targeting digital financial privacy. As more countries insist on control of digital finance, ZCash could be headed much higher in the short to medium term. At the same time, ZCash has an edge over other top privacy coins such as Monero. That’s because it has both private and non-private aspects to it. As such, it is safe with regulations compared to other privacy coins.

This also explains why it is still listed on major exchanges even when other privacy coins like Monero got delisted. As such, investors looking to invest in privacy coins, while staying safe from regulations, are likely to favor ZCash. This explains why it continues to dominate the price action not only in the broader market, but with privacy coins as well. It is also the reason why it has the potential to rally to prices above $1000 in the short to medium term. 

Technical Analysis – ZCash Price Consolidating But With Upside Bias

From the charts, ZCash is consolidating between the $717.17 resistance and $555.0 support. If bulls sustain the ongoing momentum and push ZEC through $717.17, then a rally to $1000 could follow.

ZEC
Source: TradingView

On the other hand, if bears take control and push ZCash through the $555.0 support, then a correction to $400 could follow. Of these two scenarios, a rally through the $7171.17 resistance is more likely. That’s because there is growing FOMO around it as investors look for growth opportunities in an increasingly weak market.

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