Why is Zen so awesome?
First: Grayscale submitted the Grayscale Horizen Trust (ZEN) 8-K form to the SEC.
Second: Zen is a PoW coin, with a total supply of 21 million, just like BTC, and it has just completed a halving event, which is a positive sign, unlike many coins today with unlimited inflation.
Third: Grayscale has recently been increasing its holdings of Zen significantly, purchasing 76,000 coins the day before yesterday and directly buying 1.7 million coins yesterday. They now hold a total of 880,000 coins, and Grayscale's large holdings are attracting market attention.
Fourth: The Zen 2.0 upgrade is coming, which will implement a zk EVM chain, expected around January to February 2025. After the upgrade, there will be an airdrop of the zkV token, creating airdrop expectations.
Fifth: The monthly chart has just broken through, and it has been performing independently lately, indicating that a major player has entered the market. Zen has the smallest market cap among Grayscale's individually managed trust coins, while others are generally valued at over ten billion dollars. Zen is currently only at 200 million dollars, with potential for 50 times growth, making 1 billion dollars a realistic target. Zen is much stronger than many other coins worth over ten billion dollars.
Sixth: Who is behind ZEN? It's a group of miners at the top of the food chain. The miners’ ability to drive up prices can be referenced by Bitcoin and Ethereum!
