Key facts
- Zcash co-founder Eli Ben-Sasson expects ZEC to reach $5,000 by the end of 2026.
- ZEC has surged over 100% in recent weeks.
- Grayscale's Zcash ETF has attracted over $1 billion in assets under management.
- Ben-Sasson previously expected ZEC to exceed $1,200 by September 25.
The price of Zcash (ZEC) has seen a significant rally, increasing by over 100% in recent weeks. This surge has been accompanied by renewed attention to a price prediction made by Zcash co-founder Eli Ben-Sasson, who stated he still expects the cryptocurrency to reach $5,000 by the end of 2026. Ben-Sasson acknowledged not knowing the specific reasons for the recent price increase, noting that more institutional investors, or 'whales,' are inquiring about the rally.
His $5,000 forecast is seen as a broader view of Zcash's potential rather than a short-term trading model. This comes after an earlier prediction that ZEC would exceed $1,200 by September 25, a level the token surpassed during its recent upward movement, briefly trading above $1,600 before paring some gains.
Institutional interest has also been a key factor, with Grayscale's Zcash ETF (ZCSH) accumulating over $1 billion in assets under management in approximately one month since its launch. This rapid growth in assets highlights increasing market demand for ZEC exposure through traditional investment vehicles. The co-founder's $5,000 price target is gaining traction among investors amidst these positive developments, though it remains a forecast.