🔥ZenCash Awakens: Is This the Start of a New Bullish Cycle?

ZenCash, now known as Horizen ($ZEN ), has recently experienced a notable surge, trading at $37.44 with a 0.316% increase from the previous close. The intraday high reached $39.10, while the low was $27.83. Changelly

Current ZEN Metrics:

Price: $37.44Change: +$9.00 (0.316%)Intraday High: $39.10Intraday Low: $27.83

Market Capitalization:

Current Market Cap: Approximately $43.9 million

Recent Developments:

Rebranding to Horizen: ZenCash underwent a rebranding to Horizen, aiming to enhance its platform's scalability and privacy features. Coin Bureau51% Attack Incident: The Horizen network experienced a 51% attack, resulting in a loss of over $500,000 due to double-spend transactions. Bitcoinist

Price Predictions:

2024 Forecast: Projections suggest that ZEN could reach $19.45 during an upward trend, with a potential decline to $5.91 if momentum is lost. The closing price for 2024 is expected to be around $15.63, indicating a -58.69% change from the current price. BitScreener2025 Projection: Some forecasts anticipate ZEN reaching $72.32 by 2025, reflecting a significant increase from current levels. Coin Data Flow

Conclusion:

While Horizen (ZEN) has shown recent price activity, the market remains volatile. Price predictions for 2024 vary, with some forecasts indicating a potential decline. Investors should exercise caution and conduct thorough research before making investment decisions.

Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.#BinanceLaunchpoolBIO #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound #MicroStrategyInNasdaq100