What will happen to this coin in the future? Will it return to the peak of $170 from 2021?
Back in 2021, it quickly rose from around 14 to near 170 in just three months, which probably attracted a lot of people, right?
Today, Grayscale submitted the ZEN 8-K form to the SEC, what does that mean? How will the subsequent trend look? Let’s skip the jargon and talk about something you can understand.
First, is it a good thing to go through ZEN? Of course, it is! This indicates that another quality altcoin has officially emerged. But let’s not forget that in the current market, moderate altcoins through ETFs are merely tools for the whales to harvest profits. There’s a high likelihood that positive news will turn into negative news, leading to a harvest, with a bottom consolidation for collecting chips before taking off!
However, as an old-school privacy coin, there’s a high chance of an unexpected surge later on. But before that surge, a bottom consolidation is inevitable. It seems unlikely to rise before the end of the year, but a prediction for 2025 suggests it could reach 10-15 times without any issues.