Foreign media: The Greyscale Research Department has given an optimistic estimate that if Zcash reaches 10 per cent of the market value of Bitcoin by 2030, its token ZEC price could be close to $8100. The article bases this judgement on factors such as increased demand for financial privacy and the expansion of institutional investment channels.

Target price based on market value ratio

Zach Pandl, the Grayscale Research Manager, indicated that as AI upgrades financial surveillance and data analysis capacity, the market demand for private payment and asset transfer instruments may increase. Zcash uses zero-knowledge proof that part of the transfer information can be hidden by blocking the transaction, which is also the main difference between it and a transparent Bitcoin account book.

The article mentions that, despite the recent marked increase in ZEC, its current market value is less than 1 per cent of bitcoin. In greyscale terms, Zcash still has considerable scope for expansion if the rate of adoption continues to rise.

ETF Listing brings the institutional entrance

The greyscale has been converted to Zcash ETF (code ZCSH) and launched on the Arca platform of the New York Stock Exchange. The product is known as the first exchange-traded product to be listed only in the United States and specifically tracked by ZEC.

According to greyscale disclosure, the management assets before and after ZCSH were listed were approximately $260 million and the product was configured by passive holding. According to the article, this provides more direct allocation channels for institutional and traditional market investors.

There's still much to be done with the recent rise.

At the time this forecast was issued, the ZEC transaction price was approximately US$ 790. According to the text, the asset had risen by about 70 per cent over time, with a cumulative increase of about 350 per cent during the year. Even so, to reach $8100 would mean a further increase of about 925 per cent.

In addition to ETF, the article refers to the Ironwood upgrade completed in Zcash in July. The upgrade repaired a loophole in the Orchard shield and was seen as one of the catalysts of recent events.

Overall, the core judgement of this commentary is that Zcash ' s valuation space no longer depends on short-term price fluctuations, but rather on its ability to expand from a small private network to an asset with a higher market value in the encrypted market.