While Horizen (Zen) has an ROI over 500% and trading around $66 as of 12/17/2021, the price is still lower than many Cryptogurus’ price predictions from 2021 to 2025. Would Horizen (Zen) a profitable investment in December 2021?
Horizen: Defining the Horizon
Privacy and confidentiality have been the key elements of any transaction for ages. It is just that revolution of innovative technologies like Blockchain has gone the extra mile, assuring investors of cryptocurrencies of privacy and confidentiality as an inherent phenomenon. They believed this algorithm was sturdy enough to protect their transactions, keeping them safe.
However, one can trace all kinds of digital traffic even in the cryptocurrencies like Bitcoin through a Blockchain to ascertain the wallet address of the transferor and transferee. So, then the question is, what is safe? The answer is Horizen (ZEN).
Horizen is one blockchain network focussed based digital asset that considers privacy as the nodal element and wishes to carve all smart contracts and dapps, making them private and secure. The main objective of Horizen being to solve scaling and security issues found in networks like Ethereum. Totally focussed on privacy, Horizen was conceived as a hard fork from privacy-focused cryptocurrency Zcash.
The Overview of Horizen (ZEN)
In May 2017, co-founders Robert Viglione and Rolf Versluis set ZenCash as a fork of ZClassic–itself a fork of Zcash in motion. In August 2018, ZenCash rebranded itself to Horizen. Hence, Horizen cryptocurrency came out to be a node network “multi-tiered,” meaning that not all nodes play the same role.
The mission of Horizen (ZEN) has been to solve all three with their combination of privacy tools, nodes, and sidechains. Specifically conceptualized to address and promulgate interaction between users to be private, this crypto Horizen, more popular as ZEN, is building privacy solutions for smart contracts–with the intent of being a decentralized platform for private messaging, publishing, and decentralized application (dapp) development.
Solely replete with privacy-based features, ZEN has two types of addresses: T-Addresses and Z-Addresses. T-Addresses are regular addresses where anyone can see all of an account’s transaction history. Z-Addresses are where zero-knowledge proofs come in. If two Z-Addresses transact with each other, the result is an innovative technology wherein the transactions remain private, anonymous, and completely hidden.
Horizen (ZEN) sidechains are hosted by Super Nodes, which is so powerful which have special encryption and can simultaneously secure communication between nodes preventing snooping. The expert team of Horizen is now solely dedicated to the mission of developing a sidechain technology to allow anyone to develop dapps linked to the Horizen mainchain.
These sidechains promise to be highly scalable while keeping the benefits of the Horizen mainchain’s network of over 30,000 nodes. Horizen mainchains and individual sidechains are transferable with each other, and hence it is a great added benefit.
Horizen: The Community & Partnerships
The vision of team Horizen is not limited to its own platform. It has forayed into various alliances to expand geographies and generate funds for long term sustainability:
i) Celsius: A crypto lending platform that is set to leverage Horizen’s zero-knowledge proofs to create a proof-of-reserve system- October 2020.
ii) Sikoba: A decentralized platform for P2P IOUs set to leverage Horizen’s zero-knowledge proofs toolkit and interoperability protocol to boost transparency and security for its customers- November 2020.
iii) LTO network: A blockchain-enabled land registry – Horizen shall build a private dedicated sidechain – December 2020.
2020 proved a golden year in the history of Horizen cryptocurrency, wherein it got 28 new exchange listings, including the likes of Binance.US, Gate.io, Bithumb, and MXC. Community initiatives of Horizen include Horizen Developer Environment (HDE) and the Horizen Early Adopter Program (HEAP), in all more than 1,100 developers enrolled in its early adopter program.
There is a great future Horizon awaiting with Sidechain Zendoo beta and now on Mainnet this year. The day was not far when scaling technology of Horizen called Directed Acyclic Graph shall be presented to the world.
Horizen (ZEN) Price Prediction: Market Sentiment
While many Cryptogurus have stated their opinion on Horizen price predictions in galore, not all are alike. While some experts give an optimistic view on Horizen price forecast, the others prove to be a little cautious in giving you generous liberties on Horizen (ZEN) price:
· Based on our Horizen forecast, a long-term price rise is expected; the future price prognosis for 2026 is $444.202. With a 5-year investment, the revenue is expected to be around +511.08%. Wallet Investor
· Based on our Horizen price forecast system data, the expected minimum price of ZEN coin might trade around $103.8, and a maximum price might be around $116 by the end of 2021. Digital Coin Price
· As per our technical analysis and price predictions, the Horizen (ZEN) price is forecasted to reach $105 by the beginning of December 2021. The expected maximum price is $115; the minimum price is $95. The average Horizen price prediction for 2021 is $102. Trading Beasts
· Horizen price has been showing a rising tendency. Based on our technical analysis and Horizen (ZEN) price prediction, the coin could be a profitable investment option and register a massive price increase this year. The ZEN price might cross $96.41 by the end of next year. GOV Capital
· Our long-term ZEN price prediction for 2021 is bullish. Horizen price has a huge possibility of overtaking its current all-time-high (ATH) of $165.92 this year. However, this only happens when ZEN breaks the past psychological resistance level. NewsCrypto
· Based on Horizen forecast, the coin price has short-term rallies and potential long-term advantages. The average Horizen price may reach its immediate resistance level of $80.39 by mid-2022. Hence, as per our investment advice, Horizen price forecast of $112, making it a profitable investment. Reddit Community
· At the start of December 2021, the price of Horizen will be trading around $80.38. A Maximum price of $91.64, the minimum price of $70.74 for December 2021. The average Horizen price for December 2021 is $81.19. Horizen price forecast at the end of December 2021 is $80.38. CoinSkid: Horizen (ZEN) price prediction
· The expected maximum price of Horizen (ZEN) might reach its crucial resistance level at $178 by the end of this year, and by 2022, the ZEN price may cross a minimum price level of $299.88, showing a long-term earning potential. Cryptocurrency price prediction
Horizen Price Predictions: 2022-2025
Many investors are still apprehending the clash of the remaining titans, considering whether it is really worth investing or to buy/sell Horizen (ZEN). Even though the coin price has shown a great sustaining performance in the last year, many market mentors surmise the bull run could be distant.
As per the technical data, Horizen holds a market cap of $793,207,199 and a circulating supply of 11,394,737, and a 24-hour trade volume of $51,424,550. The current price of Horizen (ZEN) stands around $70. It is undoubtedly an optimism in markets prevailing in the distant horizon based on other forecasts:
Horizen Price Prediction 2022
Having started late in just last year, the ZEN coin will reflect a bullish trend throughout 2021, and it will continue riding new waves going forward into 2022. Somewhere between the years 2021 and 2022, a price rise of Horizen could be seen taking it to a maximum price point pegged at $110, followed by an immediate sharp price drop to its crucial support by October 2022. However, it may sustain its important support level of $90 by the end of 2022.
Horizen Price Prediction 2023
The current Horizen price sustains the $70 mark, but if the minimum price level of $100 will be crossed, it may show some resistance, but it can‘t be said with certainty about the price forecast of Horizen as to whether these three years would mark the golden era for this crypto coin Horizen.
There could be some significant changes in industry scenarios, market positions, economic overruns, policy restructuring, or any other political reason for the coin to host its performance on exchange. Horizen, however, is resilient and consistent both, global economics may also have their effect on Horizen price movement as per our forecasts.
Horizen Price Prediction 2024
Some experts also predict that price correction may be effective around this period taking Horizen to a price of around $130 in 2024 riding as a market maker. Region-specific changes too affect the price of Horizen. Hence, reaching towards its futuristic goals, one thing that can be guaranteed about Horizen is that the stars are bright for this asset.
Horizen Price Prediction 2025
Horizen embarks on the voyage of leaving a remarkable footprint on this ecosystem. Some speculations around Horizen in 2023 also highlight that Horizen would ride a bullish cycle in the market by 2025; it even might reach an all-time high of $168 compared to other digital coins. Horizen seems now to be racing to set a record affirming its position showing stability in the given market environment.
Horizen Price Predictions Beyond 2025
There are great hopes the crypto community holds for Horizen, and it is surely an ideal option for developers and engineers generating more such decentralized applications. Based on our forecasts, the ZEN price might hit the $180 mark in 2026 and continue to trade upwards.
Frequently Asked Questions
Is Horizen cryptocurrency a good investment?
As a matter of fact, yes, Horizen (ZEN) is a good investment option. With a well-thought roadmap and vision, the coin is set to make a radical difference to the entire cryptocurrency market. A maximum ZEN price breaks all barriers remaining a favorite token on the crypto exchange. Users are highly recommended to do their own research before making any investments in the instrument, seeing the historical data of Horizen cryptocurrency’s predicted price in cryptocurrency predictions.
How are ZEN tokens produced?
The Horizen network combines proof-of-work (POW) with proof-of-stake (POS), so new tokens are rewarded to both miners doing POW and validators doing POS. The Horizen mainchain uses POW to maintain consensus, while the sidechains use POS.
Where and how to buy Horizen?
As one of the top 100 digital currencies by market capitalization, Horizen is available to purchase and trade on a wide variety of crypto exchanges. These include several tier-one exchanges, such as Binance, Huobi Global, and OKEx, in addition to dozens of less-established platforms giving more reason for investors to buy ZEN for pure value.
Does ZEN have a future?
ZEN network is growing – not by leaps and bounds but by scaling gradually. Given the unleashed power of distributed web technology, Horizen definitely has a promising future and shall record prices in the years ahead.