Why is ZEN so amazing? What reasons have led it to the top of the growth chart!

This cryptocurrency ZEN is a result of a fork from ZClassic, which itself forked from ZCash, and it was previously known as ZenCash. Its main focus is to protect user privacy and facilitate anonymous transactions.

Remember when I mentioned ZEN? Back then, BTC had just broken the 100,000 mark, and now looking at ZEN, it has almost doubled!

Why is ZEN so powerful?

Firstly, Grayscale has submitted an 8-K form for ZEN to the SEC, which is a significant move.

Secondly, ZEN is a PoW coin, just like BTC, with a total supply of 21 million. It has just undergone a halving, unlike some coins that are being issued endlessly with severe inflation.

Moreover, Grayscale has recently increased its holdings in ZEN against the trend, buying 76,000 the day before yesterday and a whopping 170 million yesterday! They now hold a total of 880,000 coins. When Grayscale makes a move, the market follows suit.

Additionally, ZEN 2.0 is set to upgrade, reportedly introducing the zk EVM chain, expected between January and February 2025. After the upgrade, there will also be an airdrop of the zkV token, which is a significant advantage.

Furthermore, the monthly chart has just broken through, and ZEN has been experiencing an independent market trend lately, indicating that major players have entered. Just look at the coins that Grayscale has set up trust for, and you’ll see they are all worth tens of billions of dollars. ZEN is currently only worth 200 million dollars, which means it has immense potential, with possibilities of 50 times or even 10 billion dollars. Plus, ZEN is currently much stronger than many coins worth over a hundred billion.

Lastly, who is backing ZEN? A group of miners at the top of the food chain! The ability of miners to drive the price up can be seen with Bitcoin and Ethereum.

Can we still hold it? I believe, although ZEN has already increased significantly, its future potential is still very large.

As a seasoned investor in the crypto space, I am sharing my experiences and insights. Interested in the crypto world but don’t know where to start? Click on my profile to see the introduction to my cooking industry, and let’s witness the moment of miracles together.