Will Zcash be a Good Investment in 2019?

ZCash is a digital currency which was released in 2016 with an aim to provide more privacy to users. If you are a crypto investor, then the starting of this new year might make you wonder if ZCash will be a good investment in 2019.

You have come to the right place because in today’s article we will be discussing about the price prediction for the world’s 20th largest cryptocurrency by market capitalization. In case you want to get your basics about the ZCash cryptocurrency cleared out, then you might also want to read our Beginner’s Guide to ZCash cryptocurrency.

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Zcash Will Be a Good Investment Says Matthew Beck

An analyst at Grayscale Investment, Matthew Beck has famously said that by the year 2015 one ZEC token will be trading at the price levels of USD 60,000!

As per the 20-page thesis published by Beck, to reach those lofty levels ZCash will have to be used by investors in place of traditional offshore banking.

As per Beck, the zero-knowledge cryptography-based Zcash altcoin is ready to fill the void left by the declining offshore banking. In his thesis, Beck said that the reason for the decreasing offshore banking is increased competition and tightened tax evasion rules.

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Zcash Price Prediction by John Young

Unlike other analysts who use hypothetical scenarios to base their predictions, John Young is known to make predictions on the basis of the Moneto Carlo method, which involves the analysis of historical prices, returns.

With a fair estimation, Young had predicted the price range between USD 9 and USD 1,073 in 2018 for ZCash.

At the time of writing this article on January 2, 2019, ZCash was trading at the price of USD 58.75

You May Also Read: A Beginners Guide To Litecoin

Will Zcash Rise in 2019?

Being an ever-evolving Blockchain network, Zcash is making its space in the crypto world by redefining its value proposition.

With changes to the structure of Zcash mining, high liquid on-ramps, and network updates- 2018 was a transformative year for the altcoin.

While there are many pros and cons of Zcash, the team behind Zcash has developed a robust currency and set it up for success in 2019.

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Swati Kishore

Swati has a keen interest in emerging technologies and she loves to write about them. She loves trance and is also interested in the philosophy of life.