ZEC bearish market price prediction for 2022 is $26.5.
In Zcash’s (ZEC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about ZEC to analyze the future movement of the cryptocurrency.
Zcash Current Market Status
According to CoinGecko, the price of ZEC is $91.64 with a 24-hour trading volume of $206,052,006 at the time of writing. However, ZEC has increased nearly 3.4% in the last 24 hours.
Moreover, ZEC has a circulating supply of 12,050,337 ZEC. Currently, ZEC trades in cryptocurrency exchanges such as Binance, OKX, Huobi Global, CoinTiger, and Bitget.
What is Zcash (ZEC)?
Zcash (ZEC) is a Bitcoin Core hard fork that launched in October 2016. It is a cryptocurrency that uses cryptography to provide its users with greater privacy than other cryptocurrencies such as Bitcoin. Zcash is built on the Bitcoin codebase.
Zcash is an open-source protocol, the Zcash Company has no control over any aspect of the cryptocurrency other than providing updates to the software underlying the Blockchain. This contributes to Zcash being truly decentralized.
Zcash (ZEC) Price Prediction 2022
Zcash holds the 86th position on CoinGecko right now. ZEC price prediction 2022 is explained below with a weekly time frame.
The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.
Currently, ZEC is in the range of $91.64. If the pattern continues, the price of ZEC might reach the resistance level of $271.7. If the trend reverses, then the price of ZEC may fall to $82.3.
Zcash (ZEC) Support and Resistance Level
The below chart shows the support and resistance level of ZEC.
From the above daily time frame, it is clear the following are the resistance and support levels of ZEC.
Resistance Level 1 – $127.6
Resistance Level 2 – $181.2
Resistance Level 3 – $301.9
Support Level 1 – $82.6
Support Level 2 – $50.5
Support Level 3 – $26.5
The charts show that ZEC has performed a bullish trend over the past month. If this trend continues, ZEC might run along with the bulls overtaking its resistance level at $301.9.
Accordingly, if the investors turn against the crypto, the price of the ZEC might plummet to almost $26.5, a bearish signal.
Zcash Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of ZEC is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of ZEC lies below the cutoff line, indicating weaker participants in the current trend.
More so, the ZEC’s Moving Average (MA) is shown in the chart above. Currently, ZEC is in a bearish state. Notably, the ZEC price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of ZEC at any time.
Meanwhile, the relative strength index (RSI) of the ZEC is at level 21.46. This means that ZEC is in a oversold state. However, this means a major price reversal of ZEC may occur in the upcoming days. So, traders need to trade carefully.
Zcash Price Prediction 2022 — ADX, RVI
Let us now look at Zcash’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Zcash. Currently, ZEC lies in the range of 30.3, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of ZEC. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of ZEC lies below the 50 levels, indicating that the direction of volatility is low. In fact, ZEC’s RSI is at 21.46 level thus confirming a potential sell signal.
Comparison of ZEC with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Zcash.
From the above chart, we can identify the trend of the ETH is moving at the upward trend. But, the recent trend of BTC and ZEC moves in a downward direction.
With continuous improvements in the Zcash network, we can say that 2022 is a good year for ZEC. For this reason, the bullish price prediction of Zcash in 2022 is $271.7. On the other hand, the bearish ZEC price prediction for 2022 is $26.5.
Furthermore, with the advancements and upgrades on the ZEC ecosystem, the performance of ZEC would help to reach above its current all-time high (ATH) $181.2 very soon. But, it might also reach $300 if the investors believe that ZEC is a good investment in 2022.
1. What is Zcash?
Zcash is a cryptocurrency that aims to use cryptography to provide advanced privacy to its users compared to other cryptos such as Bitcoin.
2. Where can you purchase ZEC?
ZEC has listed on many crypto exchanges which include Binance, OKX, Huobi Global, CoinTiger, and Bitget.
3. Will ZEC reach a new ATH soon?
With the ongoing developments and upgrades within the ZEC platform, it has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Zcash?
On Oct 29, 2016, ZEC reached its new all-time high (ATH) of $3191.93 .
5. Is ZEC a good investment in 2022?
Zcash (ZEC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of ZEC in the past few months, ZEC is considered a good investment in 2022.
6. Can Zcash (ZEC) reach $300?
Zcash (ZEC) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Zcash (ZEC) will hit $300 soon.
7. What will be the ZEC price by 2023?
Zcash (ZEC) price is expected to reach $380 by 2023.
8. What will be the ZEC price by 2024?
Zcash (ZEC) price is expected to reach $450 by 2024.
9. What will be the ZEC price by 2025?
Zcash (ZEC) price is expected to reach $600 by 2025.
10. What will be the ZEC price by 2026?
Zcash (ZEC) price is expected to reach $720 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
The Summit is held annually to help investors discover new market trends.
Gilder highlighted the advantages of BSV over BTC to the current issues.
As per renowned futuristic George Gilder, a “dynamic Bitcoin” that has “really created a miracle in recent months,” BSV is on the verge of becoming the de facto standard for all global currency in the next five to ten years. The Famous futurist gave an online “Six Predictions Summit” presentation to a group of financial experts, highlighting the advantages of BSV over BTC as the answer to the current economic and technical issues.
Framework for New World Order Required
According to Gilder, “immutable, unhackable” Bitcoin and the blockchain have produced freedom from political control currency. “Dual hacking crises” (technology hacking and economic hacking) affect today’s globe. Still, they may be addressed by establishing a new global economy and laying a framework for new world order.
The Six Predictions Summit is held annually to help investors discover new market trends. Due to current travel and other constraints, this year’s event was hosted online instead of in person. Renowned investing trend spotters Jim Rickards, James Altucher, Ray Blanco, Zach Scheidt, and Alan Knuckman joined hosts Doug Hill and Matt Insley on the show.
George Gilder has referenced Bitcoin’s “digital gold” myth at several points. Aside from noting that “the original Bitcoin, BTC” and Bitcoin Satoshi’s Vision or BSV are distinct, he reaffirmed gold’s usefulness as a long-term store of wealth.
“Bitcoin Satoshi Vision has really created a miracle in recent months, rather than the static Bitcoin, which people hold on for dear life. It’s a dynamic Bitcoin that moves with the advance of technology.”
Despite the fact he called BTC “Bitcoin”, “the original Bitcoin” was not the answer he was talking about. The asset was regarded by him as being of no use to anybody except speculators, terming it as static.
Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between.
Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand.
The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting.
There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world.
Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike.
One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part.
All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year!
The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers.
Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token.
All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable.
Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way.
Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers.
Getting In Early
Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.
Ethereum’s price has rebounded from a two-month decline in the last week.
Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly.
Since its January lows, the price of Ethereum has risen almost 50%. The Ethereum blockchains native token, Ether, has recently shown indications of resurgence. The altcoin is benefiting from several fundamental factors.
Ethereum’s price has rebounded from a two-month decline in the last week and has already reached the $3,000 mark. Cryptocurrency analyst Benjamin Cowen predicted a significant breakout for Ethereum (ETH) this week. According to him, the ETH price range between $2,000 and $4,000 represents a major re-accumulation zone for a medium-term runway of higher prices.
Upcoming ETH 2.0 Crucial
It’s also predicted that the network’s different offerings would show greener candles. Additionally, Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly. As the price of ETH continues to rise steadily, the fear and greed index for Ethereum weighs more heavily on the greed side of things.
Every obstacle on its path to the $3,200 mark on the daily chart has been overcome by Ethereum. Bulls are fully expecting the next price drop to be taken out by them. Aiming for the $3,600 level, investors have successfully crossed the 50 SMA and the bearish sloping line.
More than 45 percent of Ethereum’s value has been wiped off since its all-time high on November 10. Since its November high, Bitcoin, the world’s most valuable digital currency, has fallen by more than half. However, prices reversed their downward trend in February.
However, if pricing fails to hold above $2,800 in the next few trading days, we might witness a further decline below $2,400. According to CoinMarketCap, the Ethereum price today is $3,195.23 USD with a 24-hour trading volume of $13,485,593,739 USD. Ethereum has been up 3.84% in the last 24 hours.