Zcash Soars Past $1,500: Analysts Split on Future Trajectory
Zcash (ZEC) has continued its upward trend, surpassing a 10-year high of $1,500 and currently trading at around $1,470. This marks a staggering 190% increase in just one month.
The analyst X user Scient believes ZEC is still in price discovery mode and does not anticipate a correction anytime soon, predicting the asset's price could easily climb above $5,000 when Bitcoin (BTC) reaches a new all-time high.
Ali Martinez shares a similar bullish view, stating that momentum remains strong and the valuation continues to move toward his first target at $1,800.
Picolas Cage has taken an even more optimistic stance, predicting Zcash could skyrocket to $14,000. However, not all analysts share this optimism, with Crypto with Harris ₿ warning of a potential correction due to the asset's continuous pumping without any major correction.