Topic: Will Zcash Ever Reach a New ATH in price? (Read 187 times)

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:

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

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

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.

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.

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.

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.

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.

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.

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-

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.

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.

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

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.

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)

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

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.

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

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.

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.

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.