⇑ ZEN Coin's Promising Trajectory Amid Market Uncertainties and Regulatory Scrutiny
Horizen's ZEN coin has been marked by a series of significant events, setting it apart from other altcoins. In a multi-year price prediction, it...
The state of affairs in the crypto market has witnessed significant events involving the ZEN coin. There is a high interest in Horizen, with guides available on purchasing it. Notably, ZEN soared to a yearly peak of $30 after the last halving. Binance’s network upgrade support and Grayscale's Horizen trust fund introduction for the crypto exposure have contributed immensely to its growth.
Speculations are rife about a potential ZEN halving scheduled for December 12th, and there's an expectation of substantial profitability from mining ZEN at home by 2025. Despite innovations like ZEN, meme coins such as RabBitcoin, Catizen, and Dog tokens have seen a sharp dip.
Impressively, the launching of Horizen on Coinbase Pro, the Grayscale trust launch, a successful fundraising round by Horizon Labs, and the Zen Match acquisition by Coin Master maker Moon Active have spurred strong rallies for Horizen.
However, amid regulatory scrutiny, Horizen's decision to abandon its privacy coin moniker might potentially impact ZEN's status. OKX plans to delist privacy tokens in early 2024, while Binance has tagged crypto assets, including Zen, for monitoring.
The ZEN coin faces fierce competition from Telegram's Catizen and Dogizen. Nonetheless, renowned 'Zen Master' Steven Seagal has expressed interest in the industry with teachings on paid influencer role.
The Zen coin reached a price high in 2024, with predictions suggesting further price increases over the next years. However, investors should exercise caution amidst the dynamic shifts in the crypto market, such as threats of Binance delisting and the market uncertainty.
ZEN Coin News Analytics from Fri, 31 May 2013 07:00:00 GMT to Thu, 13 Feb 2025 11:13:02 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -2