Horizen (ZEN) recently saw a significant
60% spike on strong volumes, potentially influenced by Bitcoin and Ethereum's recovery. This, coupled with the imminent support for its
network upgrade by top cryptocurrency exchange
Binance, and a
Grayscale Trust fund launch providing more exposure, put ZEN in a bullish light. However,
Binance also delisted low liquidity pairs, including ZEN. Despite potential volatility, the launch of a new Trust has sparked speculations, with some predicting that
ZEN could hit the $40 mark soon. The coin is also named as a beneficial one for
home computers to mine in 2025 and was listed as one of the
altcoins to watch in December 2024.
Horizen also announced a
halving of ZEN in December, and regulatory concerns led to the
removal of its 'privacy coin' label, an artifice that might be perceived as a drive towards increased transparency. Following regulatory scrutiny, top crypto exchange OKX also announced that they will
delist privacy tokens in 2024. Further, a significant development came with
Moon Active's acquisition of Zen Match for between $100-150 million, and Horizen Labs was successful in securing
$7M during a Seed Funding Round. ZEN reached a new peak of
$30 by 2025 following Horizen’s final halving.
ZEN Coin News Analytics from Fri, 31 May 2013 07:00:00 GMT to Wed, 15 Jan 2025 19:31:43 GMT -
Rating 6
- Innovation 7
- Rumor -2
