$ZEN
Major news release, get on board quickly, the reasons for the strong rise have been found
1. Recently, Zen coin has shown strong resilience and independent market performance. Grayscale has significantly increased its holdings of Zen in the past two days, accumulating about 250,000 Zen. This action has attracted widespread attention in the market, and many analysts believe that Grayscale's increased holdings indicate its confidence in Zen coin. In addition, the price of Zen coin has also seen a significant rebound in the short term, demonstrating strong capital inflow and technical support.
2. Zen coin is a cryptocurrency based on the PoW consensus mechanism, with a total supply of 21 million, similar to Bitcoin. Recently, Zen coin has undergone several technical upgrades, including the upcoming zk-EVM chain, aimed at enhancing privacy protection and smart contract functionality. These technological improvements not only enhance the security and functionality of Zen coin but also provide more possibilities for its future application expansion.
3. Although the entire cryptocurrency market has undergone a period of adjustment, Zen coin's performance has remained relatively stable. For the past few months, Zen coin has been hovering at low levels but has recently shown clear signs of rebound. Technical analysis indicates that Zen coin's monthly line has just broken through, which means its long-term trend may turn positive. In addition, Zen coin's circulation is relatively low, at only 15 million, which also increases its scarcity and appreciation potential.
4. Several industry insiders and investors are optimistic about the future development of Zen coin. They believe that with Grayscale's continued increase in holdings and the attention of other institutional investors, the value of Zen coin will further stand out. Especially after the upcoming completion of the Zen 2.0 upgrade, Zen coin will usher in new growth momentum. Some analysts predict that Zen coin could achieve several times growth in the coming years, becoming a dark horse in the market.