Horizen (ZEN) could be a strong investment opportunity right now due to its backing by large institutional investors, particularly through the Grayscale Horizen Trust. Grayscale is a leading digital asset manager and has been instrumental in enabling institutional and accredited investors to access cryptocurrencies like ZEN. As of recent reports, Grayscale holds approximately $38.6 million worth of ZEN in its trust .
The trust structure makes it easier for traditional investors to gain exposure to ZEN without directly managing the cryptocurrency, which can increase demand and liquidity. This institutional backing suggests confidence in ZEN’s long-term potential, as Grayscale selects assets with strong technology, use cases, and community support .
Additionally, ZEN’s expanding ecosystem, including its focus on privacy, decentralized applications, and sidechain technology, adds to its appeal. With the crypto market showing signs of recovery, this could be an opportune moment to consider acquiring ZEN while it remains accessible. However, always evaluate market conditions and perform due diligence before investing. #BTC
For 2024, analysts predict moderate short-term price fluctuations for Horizen in the range of $6 to $10. However, in the longer term, by 2025 or 2026, a significant increase in value is expected if Horizen’s privacy and scalability solutions continue to grow in popularity.
With these updates, if market conditions improve and adoption of sidechain-based solutions accelerates, ZEN could see significant growth. The predicted price range for late 2024 is $15 to $30, especially if the overall cryptocurrency market is bullish. $BTC $ETH $ZEN