Zcash co-founder Eli Ben-Sasson made it crystal clear again: his year-end target price for $ZEC is still set at $5,000, and he says he’s still on track.
The backdrop to this latest statement is a resurgence in the privacy-coin narrative. ZEC has recently been propelled by two tracks: post-quantum security and optional privacy. On-chain “whales” have continued to move chips away from multiple venues into self-custody, while institutional interest is also heating up. Ben-Sasson has long listed affordable privacy and post-quantum security as two baseline requirements for the next stage of adoption, and he views Zcash’s Ironwood upgrade and spot ETF applications as key pieces of that puzzle.
A founder who dares to talk about a target price out loud is, in itself, a reflection of market sentiment. The timeline for the ZEC spot ETF applications and the NU7 upgrade will determine whether this story can keep moving upward. #ZEC #privacy coin
The backdrop to this latest statement is a resurgence in the privacy-coin narrative. ZEC has recently been propelled by two tracks: post-quantum security and optional privacy. On-chain “whales” have continued to move chips away from multiple venues into self-custody, while institutional interest is also heating up. Ben-Sasson has long listed affordable privacy and post-quantum security as two baseline requirements for the next stage of adoption, and he views Zcash’s Ironwood upgrade and spot ETF applications as key pieces of that puzzle.
A founder who dares to talk about a target price out loud is, in itself, a reflection of market sentiment. The timeline for the ZEC spot ETF applications and the NU7 upgrade will determine whether this story can keep moving upward. #ZEC #privacy coin
