In the last four hours, Horizen (ZEN) has shown a strong surge, reflecting a significant increase in value. At the time of writing, the price of ZEN is approximately $12.87, up by about 39.6% in the past 24 hours, highlighting its sharp upward movement. This uptick follows a recent trend, where ZEN has seen a notable increase of over 65% in the last month.
This price jump could be attributed to growing interest in the Horizen ecosystem, particularly due to its advancements in zero-knowledge (ZK) technology, which is being applied in decentralized applications (dApps) and blockchain scalability solutions. Horizen's upcoming developments, such as Horizen 2.0, focus on improving the platform's capabilities for developers, with built-in features for proof verification and support for a wide variety of ZK applications.
As of now, Horizen has a circulating supply of about 15.7 million ZEN out of a total supply cap of 21 million, making it a relatively rare asset. Market participants are closely watching this momentum, considering its role in the broader crypto ecosystem and its utility in governance and decentralized finance applications.
For more detailed insights on the token's recent price behavior, check out sources like CoinMarketCap.