In the last few years, many privacy-oriented cryptocurrencies have been launched. Each of these coins claims to use revolutionary technology to ensure the privacy and confidentiality of transactions. Horizen (ZEN) is one of these privacy coins. Previously known as ZenCash, this coin was rebranded in 2018. However, the developers did more than change the name of this cryptocurrency. They added many new features and improvements.
As an investment, is the Horizen coin promising? What will the ZEN price be in the next few years? Find it out in our current ZEN coin price prediction.
Horizen (ZEN) Overview
Horizen is a blockchain that focuses on privacy. It is a fork of ZClassic, which was itself a fork of ZCash. As a result, Horizen inherited the so-called sk-SNARK technology, which uses an advanced cryptographic technique known as Zero-Knowledge Proofs.
Horizen was created in May 2017 as ZenCash and changed to its current name in August 2018. It was reinvented as a multi-tiered node network, where not all nodes play the same role. Horizen is building a suite of tools to provide privacy for multiple enterprise applications. Such applications include privacy solutions for smart contracts, private messaging, publishing, and decentralized applications (DApps) development.
How Does the Horizen (ZEN) Blockchain Work?
Horizen uses a proof-of-work (PoW) consensus algorithm known as Equihash. Blocks are mined roughly every 2.5 minutes with a current reward of 7.5 ZEN. This reward halves every four years approximately. However, the rewards are not entirely for the miners. 70% of each reward goes to the miners, 20% is split evenly between Secure Nodes and Super Nodes, and the rest goes to the Horizen Team Treasury.
Secure nodes are required to stake 42 ZEN. They use node-to-node TLS encryption to secure all communications. The Horizen network uses content distribution networks with Hypertext Transfer Protocol Secure (HTTPS) to secure all transactions. Additionally, Horizen utilizes the sk-SNARK technology from ZCash. Owing to these features, ZEN offers the highest levels of security and privacy in all transactions on its network.
How to Buy Horizen (ZEN)?
You can purchase ZEN at several exchanges with fiat money and cryptocurrencies. For the latter, LetsExchange.io allows you to trade more than 4,000 digital coins and tokens for ZEN. You do not need to register on our platform.
ZEN Price History
Horizen (ZenCash at the time) did not hold an initial coin offering (ICO) since it forked from the ZClassic (ZCL) blockchain on May 23, 2017. ZCL holders got ZEN on a 1:1 basis. This cryptocurrency performed well in its first year of existence. On June 4, the ZEN price had already reached $19.06. It dropped to its all-time low on July 31 at $3.09. But during the bullish run of 2017-2018, the price climbed to a whopping $67.29 on January 9, 2018. The ZEN price slowly decreased for the remainder of 2018, closing the year at $5.2901.
The following two years were practically uneventful for Horizen. The ZEN price roughly fluctuated between $4 and $14 during this period. At the beginning of 2021, ZEN started to gain value quickly. On February 17, 2021, ZEN traded at $81.2 per coin. This meteoric ZEN price rise continued, ending with its current all-time high on May 8 at $168.15. However, this coin could not remain at that price level. By July 18, ZEN traded at $45.51. The ZEN price bounced, reaching $122.28 on November 24. Ultimately, ZEN ended 2021 at $63.99.
In 2022, the crypto market experienced a general downtrend. Prominent cryptocurrencies like Bitcoin and Ethereum lost value alarmingly, affecting most altcoins. Horizen was not an exception, and its price dropped significantly. On January 23, each ZEN coin traded at $34.09. At the time of writing, The ZEN price was around $40 by the end of 2022.
As of January 10, 2023, ZEN traded at around $8.8 per coin. What can traders and investors expect in the coming years? Will Horizen return to its previous price levels? Let us discuss it in the following Horizen price prediction.
Horizen (ZEN) Price Prediction 2024
The ZEN price will likely increase in 2024. According to PricePrediction, the average ZEN price will be $79.03 throughout 2024. But this cryptocurrency could reach $91.97. In the same vein, WalletInvestor predicts a ZEN price of approximately $135 by the end of 2024. Experts with CryptoNewsZ believe that the ZEN price in 2024 will be at least $70. But they think this cryptocurrency will likely cross the $100 line this year.
Horizen (ZEN) Price Prediction 2025
PricePrediction forecast an average ZEN price of $158.93 for 2025. Accordingly, the maximum price of this coin could be $196.85. CryptoNewsZ predicts a maximum price of $168 in 2025. It means Horizen would return to the price level of its all-time high set in 2021. Beyond this point, CryptoNewsZ expects the ZEN price to cross the $180 line in 2026. PricePrediction is even more optimistic and forecasts a maximum ZEN price in 2026 of $268.35.
Horizen (ZEN) Price Prediction 2030
There are just a few ZEN price forecasts for 2030 because of the difficulty of producing a reliable projection for such a long period. However, PricePrediction offers a great scenario for the future of this cryptocurrency. Accordingly, the minimum ZEN price in 2030 will be $952.87, whereas the maximum will be $1,143.59. On average, Horizen will trade at $980.39 throughout 2030.
Summary
Horizen Price Prediction
FAQ
Is Horizen a Good Investment?
Horizen is a project that leverages cutting-edge technology and possesses a well-thought roadmap. ZEN can make a radical difference in the crypto world, unlike other privacy coins. Looking at price predictions from reliable sources, most experts agree that the ZEN price will increase over the years. Hence, Horizen can be an excellent long-term investment. However, keep in mind that the crypto market can change dramatically at any moment for reasons that most price predictions cannot account for.
Can ZEN Reach $1,000?
It is possible. Experts with Price Prediction believe the ZEN price could cross the $1,000 line in 2030.
How Much Is Horizen (ZEN) Worth in 2025?
Price predictions vary, but the ZEN price could fluctuate between $153.02 and $196.85 in 2025.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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