What will happen to this coin in the future? Will it return to its peak of 170 USD in 2021?
Back in 2021, it quickly rose from 14 to around 170 in just three months. That probably attracted quite a few people, right?
Today, Grayscale submitted the ZEN 8-K form to the SEC. What does this mean? How will the future trend look? No need for jargon; let’s talk about what you can understand.
First, is it a good thing that ZEN is going through ZEN? Of course, it is! This indicates that another quality altcoin has officially emerged. However, let’s not forget that in the current market, moderate altcoin movements through ETFs are merely a means for the whales to harvest profits. It's highly likely that positive news will turn into negative impacts, leading to profit-taking, with bottom fluctuations to collect chips before taking off!
But as a veteran project in the privacy coin space, there is a strong possibility of an unexpected surge later on. However, a bottom fluctuation is inevitable before that. It’s unlikely to rise significantly before the end of the year, but a projection of 10-15 times by 2025 isn’t out of the question.