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.
Zcash co-founder Eli Ben-Sasson reiterated his prediction that the cryptocurrency ZEC could reach $5,000 by the end of 2026. The price has surged over 100% in recent weeks, with Grayscale's Zcash ETF attracting over $1 billion in assets under management since its launch. Ben-Sasson acknowledged not knowing the exact cause of the recent rally.
The Zcash price surge and the co-founder's ambitious $5,000 target, coupled with significant institutional inflows into its ETF, suggest growing investor interest in the privacy-focused cryptocurrency. This could signal potential upside for ZEC holders if the bullish momentum and institutional adoption continue.
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.
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