Will Zcash Ever Reach a New ATH in price?

[Abiky]

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?

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[fuer44]

from $ 50 to $ 5000 again I think it will be a big and difficult challenge. ZEC will be difficult to achieve because of intense market competition and how they too should be able to make their trading volume increase. and if we look at it today, we haven't even been able to find those signs yet.

[btc-facebook]

if what you ask is cryptocurrency, then there is a possibility that cryptocurrency will reach the new ATH,
but if it's ZEC, I'm not too sure, because in 2019 there are a lot of new cryptocurrency projects that have advantages better than ZEC, in terms of privacy, code, and also the speed and transaction fees.

[aioc]

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?

What happened to ZCASH also happens to so many top coins in the market, every cons suffere3d from the long bearish period, but the potential of these coins are still there, and ZCASH is one of the coins that have potential in the market when alt seasons come, I'm pretty sure it will have another all-time high.

[Dragonrage201]

The super high opening trading prices of Zcash--it was trading more than bitcoin for a few days--are hard to expect again. However, it should have a good rise in a bullish market.

[meanwords]

It's hard to say. Zcash will need to have a high market cap in order to reach $5000 again or it will never reach all-time high again. Maybe the reason why it reached $5000 is because it is over-hyped and it has a low supply back then. If you think about it, a few $5000 wouldn't really hurt the overall market cap. If you compare the supplies and market cap back then, it would make sense that Zcash might not reach $5000 again.

[adaseb]

The ATH price for ZEC is not accurate.

I was basically waiting to mine the coin when the mainnet was just launched. The way the launch was made was a reduced rewards for early blocks to prevent instamining. So the first few blocks might of been worth like 1% of an actual block of today. So the supply was VERY VERY limited.

So in the first few minutes when fractions of the coin started to get sent to Poloniex, people put crazy bids like 100BTC per 1 ZEC and eventually some of those orders got hit. However it was for a very small amount of ZEC, hence the $5000 is not accurate.

Either way it was a good launch, I think I paid for a GPU or 2 that day alone.

[naikturun]

Crypto with a new Ath is still possible, but we do not know when it is for sure, I assume it happened over the year 2020 may be another 2-5years so we just need to be prepared to enter the right position, and do not enter when the price is up, because it needs Long time to return to that price.
As BTC when 19, 2k and we only look at BTC to 13k and then down again.
Still possible but down know for sure.

[Aabcde]

I think it's very difficult to touch ATH for Zcash like in 2016. I felt the profit from Zcash that year, 10 fold.
The consideration is the trigger of what will happen to bring zcash to ATH. And I don't think it's possible to exceed $ 5,000 anymore even though the market will change but still to exceed $ 5,000 is difficult unless their supply is just under 10k.

[gielbier]

I think it's very difficult to touch to ATH because it takes time and patience if you hold it. But don't despair, there is still hope in this crypto to wait for the bullrun to occur and hope that ZEC price will pump

[nicecrypto]

This could be possible when the market is in full swing and everything is working properly, the market is highly volatile as it is and as been down for quite some time so hardly any coin/token can see ATH at this moment, back in 2017 lots of coins reach their ath because of the bull run but now nothing like that has happened, maybe by 2020 when there will be another bull who knows this will be possible.

[Abiky]

from $ 50 to $ 5000 again I think it will be a big and difficult challenge. ZEC will be difficult to achieve because of intense market competition and how they too should be able to make their trading volume increase. and if we look at it today, we haven't even been able to find those signs yet.

Yeah. The gap is too big nowadays, for Zcash to reach its original levels in price. With lack of demand for ZEC, it's hard to say that it'll reach a new ATH soon. After all, there are many coins on the market with the same privacy tech as Zcash. The pioneer Zero Knowledge Proof cryptocurrency would need to provide innovation in order to stand aside from its competitors. If remains the same as other cryptocurrencies on the market, I don't see it going anywhere.

First, Bitcoin needs to rise exponentially in price like it did back in 2017. Only then, Zcash will be able to rise in price with other altcoins on the market. It's the only way I see Zcash obtaining higher prices than now. But getting past the latest ATH of $5k per coin, would require Bitcoin to be worth at least $100k - $500k across the market. In the bright side, Zcash is below $50 making it a bargain for investment today. After all, Zcash has the same limited supply as Bitcoin. It has all the odds of increasing massively in price within the future if there's enough demand for it. With due time, we'll be able to see the true value of Zcash in the mainstream world. Just my thoughts

[CjMapope]

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 think the tech is already moving forward away from Zcash, and Zooko proved to everyone the only thing he cared about was keeping that founders reward coming
now miners control zcash's price, and how we feel about it, well, i think it shows itself lol.. were dumping everyday what we mine, let the speculators buy our bags
theres so much easy hash out there for zcash, no reason not too.  Zcash is ded months ago, its whales are just taking time to pull out for liquidity...
a new ATH? no way in hell. will be lucky to pump to 100$ one day.. (i think it WILL tho)

[GreatArkansas]

If you check the chart of ZCASH now, no sign of breaking the recent all-time-high price.
Zcash continue to drop off the floor. No bullish sign. No breaking minor horizontal resistance.
For me, it's extremely difficult to make an entry here. Especially time to time, it is creating all-time-low. It's difficult to catch the bottom here.

[Pelunize12]

I see altcoin as a group which is correlated each others. there is a season which makes altcoin can go pump simulatenously
the season is called altcoin season which happened in last 2017. if altseason happens again, Zcash has high possibility to reach new ATH

Just that scenario that I think can make Zcash reach new ATH. if just that coin which reachs ATH, Im very doubt

[inanilujimi]

In my view zcash touching ATH again will be difficult because more and more altcoins are currently circulating which also have the potential to increase even further.
From the beginning of entering the crypto market alone, zcash has experienced a sharp decline and when the bullrun in 2017 they cannot touch ATH, so my assumption is impossible for zcash to reach ATH even though there is a bullrun for a year to come.

[Natalim]

I think it will again reach its ATH but it will definitely take a long period of time before reaching its ATH.
This coin has struggled a lot from over $800 now only trading at $26, that's too low even if it will rise to at least x10, it's still far from it's ATH.

[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-

[Pearls Before Swine]

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.

It's kind of the same situation with dash and a lot of other coins whether their focus is on privacy or not.  Dash was about $1300-1500 per coin at its all time high and it's now trading at $50.

I never followed zcash, but I'm not sure it was anywhere near as revolutionary as it claimed it would be, nor have privacy coins caught on like they should have.  They still might in the future and I have hope they will, but right now they just aren't popular.  Anyway, it isn't surprising zcash fell as much as it did because the 2017 crash affected all altcoins pretty severely.

Could it get back to $5000 or wherever it was?  Possible, but the market would have to see another 2017 in order for that to happen, and I don't think we're going to see that in the next year.  I'm hoping you didn't go all in on it.

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.

[Adriano2010]

In my opinion is very hard and i don't know if is used so much by people like other altcoins, but we can't know for sure and maybe at next bull run we have luck and all altcoins will have new ATH in price, all altcoins that have something to offer.