Zcash Co-Founder Predicts $5K Target for ZEC by End of 2026
Zcash co-founder Eli Ben-Sasson is predicting that ZEC will reach $5,000 by the end of 2026. This target is a significant increase from its current price of around $1,400, which is down over 9%. The co-founder believes that ZEC's value will rise as more investors become aware of it and start to accumulate the asset.
Ben-Sasson thinks that ZEC is like a second type of Bitcoin and that many crypto holders have not yet caught up with this. He points out that whale accumulation has increased significantly, and he is already receiving questions from large players about why the price is moving.
The current volatility in the market is seen as organic by Ben-Sasson, with a gap between accumulation activity and broader market sentiment that tends to close quickly when attention catches up. The path from $1,488 to $5,000 would be a 236% move, which is a significant increase.
The technicals of ZEC are hinting at a neutral territory with a slight bearish bias, according to the source. The daily RSI is at 46.16, indicating that neither buyers nor sellers are currently in strong control.