Will Zcash Ever Reach a New ATH in price?

[slaman29]

To be honest, Zcash was just one of MANY altcoins hyped to be new and revolutionary for privacy, but yeah Zcash is one of those totally down in the dumps. Not even 1% of ATH, but this just proved to me that it's only real use that will prove to be the end game for coins. Monero is still strong after all this while. Everyone is down from ATH but Zcash shows you, it can only get worse for a coin no one uses at all.

[Febo]

Within Zcash's early days, many people were hyped about the project because it used a new, revolutionary technology for privacy. According to CMC, Zcash's ATH was well over $5k per coin.

No, that was part of their copy of Bitcoin emision scedule and slow that down first month. Combined with huge promotion for at least a year prior to launch. Huge hype formed that pushed price of coins skyhigh. First trades were made for 2000 BTC per ZEC. It is totally normal those prices will never get reach again. ZEC is trying to find bottom now. Question is when will that happened.

[Oni Trading]

I m big time sceptic about the future of privacy coins unless they give up on their privacy, which they obviously wont. That is probably number 1 complaint legal authorities have when they talk about crypto issues, not being able to track money flows. Privacy is what attracts scammers and money launderers to crypto. That is why I believe financial authorities of the world will never give green light to privacy coins and this will seriously affect their development, as a result.

All this does not mean there wont be more pumps of privacy coins, including Zcash, from time to time. But long term, I will not be holding any.

[Abiky]

No, that was part of their copy of Bitcoin emision scedule and slow that down first month. Combined with huge promotion for at least a year prior to launch. Huge hype formed that pushed price of coins skyhigh. First trades were made for 2000 BTC per ZEC. It is totally normal those prices will never get reach again. ZEC is trying to find bottom now. Question is when will that happened.

That explains why Zcash went all the way down the drain a few months after launch. Not to mention, 2018's bear market had a negative impact over most cryptocurrencies' prices (including Zcash). Considering that Zcash has no other innovative technology that would keep it on top of its competitors, most people have lost interest in the coin. With many ZEC forks out there, why would anyone invest in Zcash?

I'll be interesting to see what happens after the founder's reward period is over by October 2020. Without a constant source of income for the Electric Coin Company (ECC), I wonder how will Zcash remain alive for the foreseeable future. The community could continue to work on it though, but without the company's collaboration I doubt that the cryptocurrency will be successful anytime soon. If Zcash wants to remain alive within the mainstream world, it's going to need to adopt new features and technologies not found elsewhere. For instance, Zcash could become the first cryptocurrency to adopt ZK-STARKS (not a typo of ZK-SNARKS) in order to eliminate the trusted setup once and for all. If ZEC successfully achieves this before other Zero-Knowledge Proof coins, then it'll in the lead for a very long time.

Since Zcash has the same limited supply as Bitcoin, it has all the probability of increasing in price within the future. It just needs demand from people in the mainstream world to achieve prices higher than $30 per coin (current price). Without demand, you cannot expect ZEC or any other cryptocurrency to go up in price across the crypto market. With just 8 million coins in circulation right now, I believe that Zcash is just undervalued. I was lucky not to buy Zcash when it was in its ATHs of over $5k per coin. If I would've held onto my ZEC until today, I would've lost a considerable amount of money. Thanks to the bear market, people can now acquire ZEC at the lowest prices possible.

Nonetheless, time will tell us what will be the outcome of Zcash's developments within the crypto space. If it never innovates, than I'm afraid that it'll be a forgotten cryptocurrency in the future. Hope that won't be the case, and Zcash will be able to truly stand against its competitors within the mainstream world. If successful, then hitting $5k per coin would be an easy target for Zcash as long as Bitcoin is experiencing huge gains across the crypto market. Despite this, no one knows what will be the next price of each cryptocurrency in the future. All we could do is wait (and spend some coins while we're at it) to see what happens by then. Just my opinion

[VeeTeaSee]

Within Zcash's early days, many people were hyped about the project because it used a new, revolutionary technology for privacy. According to CMC, Zcash's ATH was well over $5k per coin. A few months after launch, prices started to decline massively across the crypto market. With many forks using the same technology as Zcash, people's interest into the original cryptocurrency has declined. It's today where 1 ZEC coin is worth less than $50. That's a steep decline in price and a massive loss for those who got into Zcash within its early days.

Despite this, it's hoped that Zcash would rise in price over time since it relies on the same deflationary model as Bitcoin. I believe that after the Founder's Reward period is over, prices will slowly increase across the market. Still, Bitcoin would need to experience huge gains in price for other altcoins (like Zcash) to follow.

Considering how cheap Zcash has become (compared to 2016's ATH), I'm starting to wonder if there's any chance the cryptocurrency will ever reach a new ATH in price? After all, everything about ZEC is the same as BTC except for the Zero-Knowledge Proofs for preserving privacy over one's transactions. What are your thoughts?

i really consider 1k$ as the ATH since the beginning was unbelieveable and the 1k$ happened already after market stablized
so.. ye i believe that Zcash will go higher than 1k$ after first halving and if not so after the seocnd it will for sure
project has just begun with its technological breakthroughs
its going to be used on TRX, ETH and ETC + other projects will follow  and probably make ZEC some kind of standard
its already is a standard if you look on the forks list , most of them updating to blossom
i see a really bright future for Zcash in technological aspect
in price aspect i think it will go to 1k$ again but not much higher

[o48o]

Start of the zash was a joke and shouldn't be taken seriously. I am not sure if the poloniex bots just went crazy but it started with over 2btc per 1 ZEC. By any standards that's insane and can not happen again, Maybe in usd it can break the ath but in btc pair not in a million years-

If that's true then you're most likely right.  And zcash was never on my radar as a lot of other coins were, so it probably was all fake hype and volume.

Even if it wasn't by the bots, you can easily check the price from back then from the coinmarketcap, but i am assuming it was the bots because back then it was common that the buy orders before the listing went insane in the Poloniex. I am guessing it was from the bots fighting each other, not any of them went this high on any other coins though: