Zcash's $6.8 Billion Market Cap Sparks Interest in Privacy Features
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: NASDAQ.COM
- Market Potential: Zcash currently has a market cap of $6.8 billion, and if it were to match Bitcoin's market cap of $1.9 trillion, its price would need to rise significantly, prompting investors to carefully assess potential risks and rewards.
- Privacy Advantage: Utilizing zk-SNARKs technology, Zcash allows for transaction privacy protection, ensuring that the identities of the transacting parties remain confidential, which may attract users with high privacy demands.
- Self-Funding Mechanism: 20% of each mined block is allocated to support ongoing development and community projects for Zcash, which, while reducing mining profitability compared to Bitcoin, helps ensure the long-term health of its ecosystem.
- Technical Improvements: Zcash emphasizes addressing the technical and governance issues that Bitcoin has faced in its development process, and while its ability to surpass Bitcoin remains uncertain, its growth potential is noteworthy.
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.
