Finance

BTC vs ZEC: Which Coin Is Best for Long-Term Investment?

Bitcoin was the first to the market, and most investors consider it to be the best long-term investment. Yet, altcoins have chances to offer well-seasoned and new traders higher profitability or lower risks. 

When considering the investment prospects of BTC and ZEC, it’s important to consider BTC to ZEC exchange rate, prices of both cryptos, and their inessential technical specifications. Let’s compare BTC with ZEC and see which is likely to perform better long term. 

Bitcoin: Overview

Bitcoin was launched back in 2009, and since that day, none of the cryptocurrencies could beat it in terms of popularity. The blockchain is regarded as one of the most secure yet rather slow (4.6 TPS). The recent geopolitical events caused BTC’s price to fall. Yet, the rules of financial cycles predict the crypto rapid growth at any time now.

Prediction for the Price of BTC

BTC’s price, as of July 2022, is about $22,000, and its market capitalization is about $400 billion. The all-time high of about $68,000 was reached in November 2021. In the period from June 15 to July 15, the coin was in a neutral market. Here are some worthwhile predictions for BTC’s price:

  • Priceprediction.net. This source expects BTC to reach as much as $798,000 by the end of 2030.
  • Digitalcoinprice.com. The prediction here is way more modest and sticks to $90,000 only in 2030.
  • Cryptopolitan.com. Here we see the modest prediction once again claiming $87,000 per BTC in 2030.

All three sources expect a positive tendency for BTC. 

ZCash: Overview

ZCash is a privacy-oriented crypto designed to conduct financial transactions at low rates. It was launched in 2016 and has gained some solid popularity since that time. ZEC appeared to be closely connected to the state of the entire crypto market, so as well as BTC, it dropped in its price over the past months. 

Prediction for the Price of ZEC

The ZEC’s price, as of July 2022, is about $60, and its market capitalization is about $900 million. The all-time high of about $5,940 was reached in October 2016. In the period from June 15 to July 15, the coin has been in a bearish market. Here are some worthwhile predictions for BTC’s price:

  • Priceprediction.net. This source sticks to about $2,000 for 1 ZEC in the year 2030.
  • Digitalcoinprice.com. The prediction here claims ZEC price to reach $275 in 2030.
  • Cryptopolitan.com. The last prediction fully correlates with the first one and stands at roughly $2,000 by the end of 2030.

All three sources expect a positive tendency for ZEC. 

Comparison Criteria

Let’s review some of the comparison factors to complement the statistical predictions:

  • Privacy. Zcash provides four different transaction types depending on which types of Zcash addresses (private or transparent were used). The blockchain uses zk-SNARK’s privacy protocol that appears to grant users higher privacy. Bitcoin does not have such privacy features.
  • The number of coins mined. About 18 out of 21 million BTC have been mined, while two-thirds (14 out of 21 million) of ZEC have been mined already. It means that the demand for Bitcoin will soon surge higher compared to the demand for ZEC.
  • Transaction fees and rates. Bitcoin’s average transaction fee is around 0.00011 BTC, with ZEC, users pay only 0.00001 ZEC per transaction. Zcash offers a transaction speed of about 6 to 25 TPS compared to Bitcoin’s 4.5 TPS.

Essentially, Zcash performs better than Bitcoin, but its price is not expected to surge soon. 

Should You Consider Trading BTC for ZEC?

Let’s make some calculations: you may purchase about 340 ZEC for 1 BTC right now. Given that 1 BTC will reach $90,000 in 2030, it’s about $68,000 of net profit. If 1 ZEC will cost as much as $275 in 2030, it’s about $73,100 of net profit. Considering that the comparison criteria above prejudice Zcash’s better performance in the long run, using Godex or any other exchange platform for trading BTC for ZEC may be the right call. 

Ethan More

Hello , I am college Student and part time blogger . I think blogging and social media is good away to take Knowledge

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