Zcash (ZEC) Market Cap at $6.8 Billion: Potential Next Bitcoin?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: Fool
- Market Potential: With a current market cap of $6.8 billion, Zcash would need to significantly increase its price to match Bitcoin's $1.9 trillion cap, indicating a potential for substantial investment returns.
- Technical Advantage: Utilizing zk-SNARKs technology, Zcash allows for transaction privacy, preventing public visibility of transaction details, which enhances its appeal in the privacy coin market and may attract more users and investors.
- Mining Mechanism: Zcash allocates 20% of mining rewards to support development and community projects, making mining less lucrative than Bitcoin but fostering a sustainable ecosystem and software upgrades.
- Growth Prospects: Despite challenges in competing with Bitcoin, Zcash's improvements in technology and governance may enable it to achieve significant growth in the coming years, positioning it as a more valuable asset.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
