Horizen (ZEN) has had a notable journey, experiencing significant growth. The
Grayscale submission for a
ZEN Trust piqued interest while swelling the value of the coin, pushing it to an impressive
$30 yearly peak following Horizen's final
halving event. ZEN was listed as a promising altcoin to watch in December 2024, and prominent exchange
Binance supporting a network upgrade further boosted optimism. Ease of purchase, as outlined in a guide about how to buy ZEN, added accessibility to this budding cryptocurrency.
Despite Binance's decision to delist low liquidity pairs including ZEN, ZEN's momentum remained steady, and its investment potential stood resolute. However, peeling away from its privacy coin label amid regulatory scrutiny was a significant step for Horizen.
Grayscale's backing of this move highlighted a dynamic shift in Horizen's positioning in the market, and the authentic interest in ZEN continued to grow.
Another noteworthy detail was the launch of
Catizen, a game driving interest towards the crypto market. ZEN's projected trends reflect promising future positioning, especially with the acquisition of
Zen Match by Coin Master maker, Moon Active.
OKX also made a significant move towards delisting privacy tokens, which while decreases the liquidity also increases rarity.
Impressively,
Horizen Labs raised $7M in Seed Funding, and educational efforts by influencers further boosted trust in ZEN. However, with past incidents like ZEN's 51% attack, there remain potential risks in the crypto landscape.
ZEN Coin News Analytics from Fri, 31 May 2013 07:00:00 GMT to Fri, 21 Feb 2025 19:00:31 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor -3
