Zcash cofounder targets $2,000, eyes $5,000 as ZEC drops below support

Zcash cofounder Eli Ben-Sasson renewed his optimistic outlook for the ZEC token, suggesting in a recent X post that a $2,000 price target is a “no-brainer” and projecting a potential climb to $5,000 over the long term. Ben-Sasson’s remarks addressed possible scenarios for ZEC in 2026. Zcash, a privacy-focused cryptocurrency designed to provide anonymous transactions, surged to $1,696 on September 26, reaching its highest point in months after a sustained rally. However, the price has since lost momentum. As of the latest data, ZEC traded at $1,098, reflecting a decline of 10.23% over the past 24 hours. The broader crypto market experienced widespread selling following new inflation data that spurred concerns about potential Federal Reserve interest rate hikes this month.

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