As Zcash (ZEC) price plunged over 40% over the past two days, the fear of a potential crash below $100 remained palpable.
As of June 5, prediction market traders set the likelihood of the ZEC price crashing to $100 in 2026 at 28%, down 19% over the last 24 hours, according to data from Polymarket, as analyzed by Finbold. As of press time, the contract on the ZEC price hitting $100 in 2026 had a trading volume of $20,508.
Additionally, prediction market traders believe the odds of Zcash’s price falling further to $50 before the end of this year are 19%, down 31% over the past 24 hours. Notably, the contract for the ZEC price to reach $50 in 2026 had a trading volume of approximately $10,101.
Meanwhile, Polymarket traders believe there is a 22% and 18% chance that the Zcash price will surge to $700 and $800, respectively, by the end of 2026.
Why are traders bearish on Zcash price in 2026?
Crypto traders see the odds of Zcash’s price crashing below $100 in 2026 following the discovery of a bug that could have been used to create undetectable ZEC counterfeit. Zcash founder Zooko Wilcox said security researcher Taylor Hornby discovered a critical counterfeiting vulnerability in Zcash’s Orchard pool on May 29.
However, the Zcash Open Development Lab coordinated an emergency response that was completed on June 2. Nonetheless, given that the bug had existed from 2022 until it was recently discovered, ZEC holders fear it may have been compromised to print more tokens.
With the ZEC price struggling to rally above $680 over the past 30 days, its near-term bearish sentiment has surged. Furthermore, the token has confirmed a possible head-and-shoulders pattern following its recent capitulation.
