Analyst also why ZCASH (ZEC) can take up to 1,000 dollars

ZCASH (ZEC), a privacy-forward mechanism built on zero-knowledge proofs, will begin to dominate public discussions in November. The token is showing a neutral performance outside of the negative market conditions of the distributors.

Many experts believe that ZEC could reach $1,000 this year based on many factors. The following analysis breaks down these drivers in detail.

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Why ZCASH can reach 1000 dollars

First, ZIK is not based on short-term forecast data. It is being developed into a strategic reserve asset.

Orshysockund Technologies Inc., backed by Winklevyssss Capital, is valued at approximately $18 million. 203,775.27 zec before this purchase. As a result, Chofatk currently holds 233,644.56 ZIK at an average entry price of $291.04 per year.

Therefore, analysts expect more companies to follow this trend and collect ZEC as a strategic hedge. In fact, some expect the ZEC etf to be adopted.

“Winkelevis Twins launched the first ZEC data. – Met, Emios CEOs, predictions.

Second, Zeichner is asserting his independence from Birkon. The movements are no longer defined by “crypto” volatility.

Last month Zikash and Brikon maintained a negative correlation. When the bibcon exchange rate changes, the zig usually moves in the opposite direction or is more stable.

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The data obtained with Azaari confirms this negative correlation. This indicates that Zik has its own drivers and is not dependent on the volatility of Bitcoin.

Bitcoin often leads bearish trends. However, Zyksh is breaking this pattern to focus on privacy. Maintaining a negative correlation during a negative bisitous fluctuation becomes an important advantage for enec.

Third, the increase in social discussion around ZCASH is increasing from interpretations as the interest of retail investors grows.

According to Jerocash data, Bitcoin is used in total and remains the leader with 17.97 million. ZCASE registered mentions 346.72 thousand. However, the growth rate of ZEC for the last year has reached 15,245%. Bitcoin growth was only + 190%.

Finally, technical indicators have the potential to disappear.

As per the daily XDN XDN x, ZEC chart is forming a mandatory head and shoulders pattern in the 4 hour period. If ZEC collects above $680-$700, this setup indicates $800 to $1,000.

In addition, the latest analysis from Bellcrypt supports this view. Over $748 is a one-time $1,010 and $1,332. The drop below $488 includes the configuration and reset the configuration.