Zcash $ZEC , one of the leading privacy coins, has been relatively overlooked during this cycle, as the focus shifted toward memecoins. However, privacy coins like ZEC have the potential for significant growth, provided they remain listed on major exchanges.
Key Observations:
1. Accumulation Phase:
• ZEC spent a considerable amount of time in an accumulation zone throughout 2023-2024.
• This indicates that large trading volumes occurred, suggesting strong interest and positioning by market participants.
2. Resilience During Corrections:
• Despite the latest market correction, ZEC demonstrated strength.
• It has already outperformed this downturn, signaling solid momentum and investor confidence.
3. Price Target:
• The next realistic target for ZEC appears to be around $140, based on historical trading patterns and current market dynamics.
Why Privacy Coins Matter:
As privacy and decentralization continue to be key narratives in the crypto space, coins like ZEC may see renewed interest. Keep an eye on regulatory developments and exchange listings, as these factors could influence ZEC’s trajectory.
💡 Conclusion: ZEC’s strong performance and long accumulation period make it a compelling asset to watch in the coming months.
