Since I’m here as an activist for the technology/ use cases/ business direction, but I’m also an activist ZEC investor, here are some thoughts.
$60,000 would be a 50 year target if ever. Most of the early adoption/ big wealth creation projects have came and gone. The odds for Zcash providing that kind of return diminishes each year. That Grayscale analyst made himself a fools (in hindsight) having posted such a lofty price prediction, contingent on such a silly/ incredible pace of Zcash adoption by off-shore global wealth, for ZEC back in 2017.
The network/ user/ investor base would have to go viral globally, and then stick around long enough to move the coins up to $60,000.
In the picture of the next cycle or two, and based on the first two bull market cycles we’ve been around for. My guess would be 1,500-2,000% off of the bear market low. Assuming that the low is behind us at about $20, then that would point to $300-400 as a current cycle high (time for that to happen is probably anywhere between 9-18 months ahead).
If project fundamentals continue to improve, and the market grows a liking for Zcash/ privacy, then I’d suggest we could see $1,000-1,500 for a next cycle high (somewhere around late 2028-2029).
This is of course all highly speculative, and makes the assumption that crypto continues to experience 4-5 year boom and bust cycles of increasing size/ scale. Eventually I think crypto (the largest networks/ coins like BTC, ETH, DOGE, ADA, XRP) will become globally cornered into markets similar to how commodities are traded/ valued today. This is a way of saying that I don’t believe in Bitcoin Super Cycle theories, Ripple to $589, or any other hopes and dreams. The larger that the networks market capitalization gets, the more challenging it becomes to make 1,000-2,000% cycle increases.
Personally speaking, I’ve been around Zcash for a long time and have more recently gotten involved in the forum, and some other social media platforms. My plan is to stick around for this cycle peak, take some profit and then take a break. Zcash has a long roadmap, most compelling is ZEC as a privately yielding (proof of stake) asset. When that end state gets near to reality (my guess- for PoS is 2027), I’ll be accumulating as much as I can!