$ZEN ZEN is the native cryptocurrency of the Horizen network, which has the following features and uses:

• Technical Features:

• ZEN utilizes Zero-Knowledge Proofs technology, specifically zk-SNARKs, to protect user privacy.

• It supports optional privacy features, allowing users to choose between transparent addresses or private addresses for sending and receiving ZEN.

• ZEN uses the Equihash algorithm, making it suitable for GPU mining.

• The total supply is 21 million coins, the same as Bitcoin, with a circulation of approximately 14.3 million coins.

• Uses:

• ZEN serves as a medium of value exchange within the Horizen network, allowing users to pay for the deployment and operational costs of sidechains using ZEN.

• It is also used for developing and utilizing various applications on sidechains, such as decentralized finance (DeFi), social media, gaming, the Internet of Things, and more.

• ZEN is used for participating in the governance and security of the network.

• Investment Value:

• According to market analysis, ZEN may experience a significant increase in 2024, especially in emerging fields like DeFi and NFTs, where the application potential for ZEN is enormous.

• The community development around ZEN provides strong support for its future growth, with community members actively participating in promoting and applying the project, creating a healthy ecosystem.

• Market Performance:

• According to information from 2024, the price of ZEN may reach approximately $9.494 by the end of 2024, and is expected to reach about $17.2477 by the end of 2029.

• Network Upgrade:

• Binance announced support for the Horizen (ZEN) network upgrade, temporarily suspending deposits and withdrawals on September 12, 2024.