ZEN: Why It Is Still Hot
In the vast starry sky of digital currencies, there are always some projects that resemble low-key stars, although not flashy, they contain tremendous energy. ZEN, this seemingly ordinary but secretly profound digital currency, is attracting more and more investors with its unique charm. So, why is ZEN so impressive? Let's find out.
1. Grayscale Support, Official Recognition
First, Grayscale submitted the 8-K form for Grayscale Horizen Trust (ZEN) to the U.S. Securities and Exchange Commission (SEC), and this move undoubtedly cloaked ZEN in a layer of official recognition. Grayscale, as a giant in the digital currency field, attracts attention with every move. ZEN's entry into Grayscale's sight and its favor is enough to illustrate its underlying value and potential.
2. Scarcity Assurance, Halving Benefits
Secondly, ZEN is a digital currency that uses a Proof of Work (PoW) mechanism, and like Bitcoin (BTC), its total supply is strictly limited to 21 million. This characteristic gives ZEN extremely high scarcity, providing a solid guarantee for its value. More importantly, ZEN has just completed its halving, which means its output will significantly decrease in the future, further enhancing its investment value.
3. Grayscale's Counter-Trend Increase, Market Following
Furthermore, Grayscale has recently increased its stake in ZEN significantly against the trend, and the scale of its increase is astonishing. The day before yesterday, they bought 76,000, and just yesterday, they directly purchased 1.7 million, bringing their total holdings to 880,000. This move by Grayscale undoubtedly instilled confidence in the market, prompting many investors to follow suit, further driving up ZEN's price.
4. ZEN 2.0 Upgrade, Airdrop Expectations
Additionally, ZEN is about to welcome the upgrade to version 2.0. The upgraded ZEN will build the zk EVM chain, which is expected to be completed between January and February of 2025. This upgrade will give ZEN stronger technical capabilities and broader application scenarios. More importantly, there will be expectations for the airdrop token zkv after the upgrade, which undoubtedly provides investors with additional profit opportunities.
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