Privacy-focused cryptocurrency Zcash is drawing fresh attention from analysts who believe its biggest price gains are still ahead of it.
Alex Carchidi of The Motley Fool has predicted that Zcash will reach approximately $10,000 per coin by 2031, up from its current price of just over $1,200.
The coin has already demonstrated remarkable momentum, climbing from $45 in September 2025 to nearly $700 by November of that year, and rising more than 70% since then.
Carchidi argues that the fundamental drivers behind the next leg of growth are only just beginning to take hold in the market.
Zcash’s supply is capped at a maximum of 21 million coins, mirroring Bitcoin’s scarcity model, with block rewards halving approximately every four years.
The next Zcash halving is expected in November 2028, which could set the stage for a significant price surge in 2029 or 2030 based on historical patterns.
After its late 2020 and late 2024 halvings, Zcash’s price experienced sharp increases over the following six to twelve months, establishing a recognizable pattern for investors to watch.
According to crypto tech service provider Bitcoin Suisse, Bitcoin’s price peaked around 12 to 18 months after each of its halvings from 2012 through 2020, lending further weight to the halving-driven thesis.
With approximately 19.3 million coins expected to be in circulation by late 2031, a price of $10,000 per coin would imply a market cap of roughly $193 billion.
Reaching that target would require a compound annual growth rate of 50% sustained over five consecutive years, which is ambitious but not without precedent for the asset.
Zcash’s CAGR over the past five years came in even higher at 63%, suggesting the coin has already demonstrated the kind of sustained growth the prediction demands.
Privacy adoption on the network is another critical variable, with data from ZecStats showing that about 4.9 million coins, or 29% of the circulating supply, were held in shielded pools as of October 7, 2026.
These shielded pools conceal transaction details, and continued growth in shielded supply would signal that the chain’s privacy technology is seeing meaningful real-world use.
Carchidi argues that as more capital seeks privacy through the chain’s private pools, demand for a broader set of assets and financial capabilities will follow, creating a self-reinforcing cycle of adoption.
For the prediction to fully materialize, Zcash’s supply policies will also need to remain largely unchanged while its privacy features continue to attract new capital to the network.
Even in a downside scenario, Carchidi remains broadly bullish, writing that he expects the coin’s price to be much higher in the future as privacy remains relevant to investors.
