The crypto world is constantly changing, and the gorgeous turn of ZEN is undoubtedly one of the most eye-catching stories. From the former "dark horse" of privacy coins to the Layer 0 blockchain favored by Grayscale, ZEN is quietly breaking the traditional role and starting to occupy a place in the crypto market. It has not only won the favor of institutional investors, but also led the future development through technological innovation. Today, let us walk into the counterattack of ZEN and explore how it has become a potential stock of the next generation of crypto assets.
Grayscale's layout: ZEN coin becomes the new favorite of institutional investment
Grayscale, the world's top crypto asset management company, is almost a 'pass' for institutional investors entering the crypto market. And ZEN coin, as one of the core assets of Grayscale Horizen Trust, is quietly changing institutions' investment strategies in the crypto market.
According to AICoin data, Grayscale Horizen Trust currently holds about 583,300 ZEN coins, with a market value close to $8.8 million. Although this number seems insignificant compared to Grayscale's massive asset pool, it signifies an important signal: ZEN coin is being recognized by mainstream institutions, gradually transitioning from a 'niche' privacy coin to a broader investment market.
Grayscale's unique operation model of its trust fund also provides a strong boost to the market performance of ZEN coin. Through private placements, public offerings, and reporting financial data to the U.S. Securities and Exchange Commission (SEC), Grayscale is paving a more transparent and regulated investment path for ZEN coin.
Privacy exits, compliance enters: The strategic transformation of ZEN coin.
In 2023, a regulatory storm swept through the global crypto market, putting unprecedented pressure on many privacy coins like Monero and Zcash. Unlike the 'avoidance' of other privacy coins, the team behind ZEN coin, Horizen, chose to take a different path. It announced the abandonment of privacy protection features and repositioned ZEN coin as a Layer 0 blockchain. This strategic transformation not only responds to global regulatory pressures but also opens up broader market space for ZEN coin.
No longer an 'underground rebel', ZEN coin has now become a 'compliant technology pioneer'. This move is undoubtedly a high-risk, high-reward gamble. Although it faces the test of market acceptance, data shows that ZEN coin's market performance remains stable, especially on the two major global exchanges—Binance and Coinbase—where its liquidity has been recognized by the market.
The comeback of ZEN coin: Excess returns in the short term.
Although ZEN coin's identity has changed, it still occupies a place in the crypto market. Recently, ZEN coin's performance has been impressive: the price has risen consecutively over the past three days, with short-term investment returns reaching 18%. In the fierce competition of the crypto market, this surge of ZEN coin is not coincidental but a response to the market's strategic adjustments.
AICoin's technical analysis indicates that ZEN coin is quietly accumulating strength during the current market environment, seizing the gap left by Bitcoin's slump. Especially for those investors who built positions during the bear market, they may find that ZEN coin's strong rebound is not only a counterattack against market weakness but is also expected to become a star asset in the next bull market.
Technical aspects also provide strong support for ZEN coin's rebound:
Flag pattern: Starting from the low on December 20, the price of ZEN coin rose rapidly, forming the flagpole part, and then entered a consolidation phase. When the price broke through $39, it formed an accelerated upward trend.
Resistance and support: The current price is close to the $40 round number, which may encounter short-term pullback pressure. However, if the price retraces to $38 and stabilizes, this will present a new buying opportunity.
MACD and RSI: The MACD histogram remains positive, indicating a strong bullish trend; the RSI value is close to 70, and although it is in the overbought zone, if it can maintain a high position, there is still room for further upward movement.
EMA alignment: The EMA7, EMA30, and EMA120 show a bullish arrangement, and the strong upward trend supports the price of ZEN coin.
The future of ZEN coin: A dual test of technology and market.
The future of ZEN coin will face a dual test of technology and market. Technically, Horizen's Layer 0 positioning opens up broader application scenarios for ZEN coin, especially in cross-chain and scalability, but it also faces pressure from competitors like Polkadot and Cosmos. Whether it can stand out among these competitors and become a market leader remains an unresolved question.
At the market level, the future of ZEN coin depends on two factors: the first is the trend of mainstream cryptocurrencies like Bitcoin, and the second is the gradual clarification of regulatory policies. If ZEN coin can continue to maintain resilience amid market fluctuations and attract more institutional investor support, then its future will be full of hope.
The transformative journey of ZEN coin: An investment opportunity not to be overlooked.
The story of ZEN coin is a magnificent transformation from a privacy coin to a Layer 0 blockchain. After experiencing role adjustments and market fluctuations, ZEN coin is quietly accumulating its market share, becoming a 'dark horse' in the eyes of more and more institutional investors. Whether it is the short-term investment return or the long-term technical prospects, ZEN coin is worth continuous attention from investors.
For those investors who are still hesitating, the future of ZEN coin is filled with infinite possibilities. Its transformation may be a risk, but it is also an excellent opportunity. If ZEN coin can continue to move steadily in the market, its performance will exceed our imagination.
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