Features
Privacy protection: Although ZEN is no longer regarded as a traditional privacy coin, its foundation is based on privacy technology, utilizing zk-SNARKs to provide privacy protection for users.
Multi-chain architecture: Horizen supports sidechain technology, allowing developers to create independent blockchains compatible with the main chain.
Decentralization: Through the PoW consensus mechanism, Horizen ensures the decentralization and security of its network.
Trend
Transformation: The transition from privacy coin to ZK modular public chain may be key to future development.
Technological innovation: Ongoing technological R&D, especially in the field of zero-knowledge proofs and sidechains.
Economic model
Supply mechanism: ZEN's total supply is limited, and there is currently a halving mechanism to control token issuance.
Incentive mechanism: Tokens are distributed through mining rewards, node incentives, etc., to encourage community participation and network maintenance.
Partnerships
Partners: Horizen collaborates with several blockchain technology companies and academic institutions to advance its technology and ecosystem development.
Ecosystem: The Horizen Foundation supports various projects to promote application development on its platform.
Price trend outlook
Current market situation: Based on discussions on X, ZEN may be on the verge of a breakout after a long period of consolidation.
Market sentiment: The community has high expectations for ZEN's future development, especially its potential in ZK technology.
Technical analysis
Chart analysis: ZEN's recent price chart shows a triangular consolidation pattern, suggesting a potential directional choice is imminent.
Key support and resistance: Around $18 is considered strong support, and $50 may be a target price in the short term.
Price area forecast
Short-term (1-3 months): If the current formation breaks, ZEN may move above $40. Support is around $18.
Medium-term (3-6 months): If the market continues to show interest in ZK technology, the price may rise to $50-70.
Long-term (over 1 year): Considering ZEN's transformation and the ongoing market demand for privacy and security, the long-term outlook is bullish, potentially reaching $100 or higher, of course, this also depends on the overall market environment and technological advancements.
Summary: ZEN demonstrates the potential to transition from a privacy coin to a broader blockchain infrastructure provider, with its economic model supporting sustained growth and community engagement. Its price trend is currently at a critical technical analysis point, with significant upside potential in the short term. In the medium to long term, ZEN's success will depend on its innovations in ZK technology and sidechains, as well as market acceptance of these technologies. Investors need to closely monitor changes in technological development and market sentiment, especially the directional choice after breaking out of the triangular consolidation.
Note: All forecasts are based on currently available information and the high volatility of the market, so caution is advised when investing.
