Suche
Mein Konto
Zcash on the rise: Hayes predicts 3,791% increase!
Arthur Hayes predicts that Zcash could reach up to 20% of Bitcoin market capitalization and cites targets of up to $20,000.
Zcash on the rise: Hayes predicts 3,791% increase!
Arthur Hayes, co-founder of crypto exchange BitMEX, made exciting predictions regarding Zcash (ZEC) in a recent interview with Coin Bureau. According to Hayes, Zcash could potentially reach up to 20% of Bitcoin's market cap. This would mean that the price of ZEC could rise to around $19,743. Hayes’ optimism is not unfounded; ZEC has seen a notable rise after its price rose to $514 from around $54 in September.
In his interview, Hayes emphasized that he once again believes in ZEC's potential. However, he believes that ZEC cannot challenge Bitcoin in market capitalization. Nevertheless, he sees ZEC as a reliable private alternative to Bitcoin. Hayes explains that while Bitcoin is pseudonymous, it also requires a form of internet money that cannot be traced. Despite Zcash's strong anonymity, Hayes has raised concerns after it was discovered that Monero, another popular cryptocurrency for private transactions, was deanonymized by Japanese authorities.
Investment and price expectations
Given his positive sentiment, Hayes has increased his investment in ZEC. He tried out Zcash's anonymous features and familiarized himself with the mechanics of coin swapping. Hayes is confident that ZEC could achieve an increase of around 3,791% if the price rises in line with his expectations. He has set a price target for ZEC of $10,000 to $20,000 and has already acquired significant amounts of this cryptocurrency with the intention of continuing to buy.
As part of his investment plan, Hayes believes this will be one of the best trading decisions of his cycle. The rise of Zcash could set new standards in the cryptocurrency market, especially when it comes to privacy and anonymity.
In summary, Hayes’ analysis shows how important innovative approaches are in the crypto sector. At a time when digital financial instruments are becoming increasingly important, Zcash could potentially play a crucial role.
For more information about Arthur Hayes' views on Zcash, read more at Daily Hodl.