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Horizen (ZEN) is a blockchain network that utilizes zero-knowledge technology and boasts the largest node infrastructure in the industry. Its interoperability is made possible through the use of the Zendoo protocol, which leverages SNARK-verification and allows for sidechains of various types, consensus mechanisms, speeds, and privacy levels. This cryptographic verification allows for massive scalability, with the network currently supporting up to 10,000 sidechains and a throughput limit of 10,000,000 transactions per second.
As a permissionless network, Horizen enables developers to deploy their own blockchains within the ecosystem using a range of software development kits (SDKs). The Blaze and Latus SDKs, for example, are based on the IOHK’s Ouroboros proof-of-stake protocol and offer high-speed chains that can run up to 1,000 transactions per second, as well as fully decentralized chains that use recursive SNARK composition. Future SDKs will allow for Ethereum smart contract compatibility through EVM integration.
Horizen’s native cryptocurrency, ZEN, is a mineable PoW coin that is currently available on major exchanges such as Coinbase, Bittrex, and Binance. It can also be staked by users to participate in the network’s nearly 50,000 full node networks.
Horizen
A Fully Decentralized Zero-Knowledge Blockchain Ecosystem
Horizen is a blockchain ecosystem that specializes in zero-knowledge-based technology. Their Ginger-Lib privacy tool library and zero-knowledge-based scalability solution are some of the advancements they have made in the cryptography space. Horizen offers a unique sidechain solution that allows developers to build scalable blockchains that can handle tens of thousands of transactions per second while maintaining true decentralization across tens of thousands of nodes. Horizen is also working towards complete decentralization on the governance level through initiatives like Zen Improvement Proposals and the Horizen Community Council.
High Throughput and Massive Scalability with Horizen’s Sidechain System
Horizen features Zendoo, a sidechain system that enables the deployment of thousands of independent sidechains that communicate with the mainchain and each other. With one of the largest and most distributed node networks in the industry, Horizen can handle over 10,000 independent blockchains simultaneously while processing up to 10 million transactions per second across all sidechains (an average TPS of 1,000 per chain). Horizen’s native cryptocurrency, ZEN, powers the ecosystem and can be used to participate in their nearly 50,000 full node networks.
Zen Price Prediction
To back up our research with technical analysis, we made some predictions about the future prices of ZEN. In this article, we will be mentioning ZEN price predictions, and the prices which ZEN could be traded in the mentioned year. Obviously, our predictions rely on our assumptions, which have no legitimacy, DYOR (Do Your Own Research) after reading the article for better outcome.
Zen Price Prediction For 2023
Based on Horizen’s price and technical analysis, it is anticipated that in 2023, the ZEN price will surpass an average level of $13.85. The expected minimum value for Horizen by the end of this year is projected to be $13.32. Additionally, there is potential for ZEN to achieve a peak price of $15.63.
ZEN Price Prediction For 2024
Horizen’s price and technical analysis predicts that in 2024, the ZEN price will exceed an average level of $20.12. The expected minimum value for Horizen by the end of this year is estimated to be $19.43. Additionally, there is a possibility for ZEN to achieve a maximum price of $23.59.
ZEN Price Prediction For 2025
Based on Horizen’s price and technical analysis, it is projected that in 2025, the ZEN price will surpass an average level of $29.24. The anticipated minimum value for Horizen by the end of this year is forecasted to be $28.23. Additionally, there is potential for ZEN to achieve a maximum price of $33.42.
ZEN Price Prediction For 2026
Horizen’s price and technical analysis predicts that in 2026, the ZEN price will exceed an average level of $42.07. The projected minimum value for Horizen by the end of this year is expected to be $40.90. Additionally, there is a possibility for ZEN to achieve a maximum price of $49.85.
ZEN Price Prediction For 2027
Based on Horizen’s price and technical analysis, it is projected that in 2027, the ZEN price will surpass an average level of $62.93. The anticipated minimum value for Horizen by the end of this year is estimated to be $60.83. Additionally, there is potential for ZEN to achieve a maximum price of $70.48.
ZEN Price Prediction For 2028
Horizen’s price and technical analysis predicts that in 2028, the ZEN price will exceed an average level of $89.68. The projected minimum value for Horizen by the end of this year is expected to be $86.53. Additionally, there is a possibility for ZEN to achieve a maximum price of $108.24.
ZEN Price Prediction For 2029
Based on Horizen’s price and technical analysis, it is anticipated that in 2029, the ZEN price will surpass an average level of $125.33. The expected minimum value for Horizen by the end of this year is projected to be $120.84. Additionally, there is potential for ZEN to achieve a maximum price of $151.01.
ZEN Price Prediction For 2030
Horizen’s price and technical analysis predicts that in 2030, the ZEN price will exceed an average level of $182.07. The projected minimum value for Horizen by the end of this year is estimated to be $177.06. Additionally, there is a possibility for ZEN to achieve a maximum price of $209.22.
| Minimum Price | Average Price | Maximum Price | |
| 2023 | $13.32 | $13.85 | $15.63 |
| 2024 | $19.43 | $20.12 | $23.59 |
| 2025 | $28.23 | $29.24 | $33.42 |
| 2026 | $40.90 | $42.07 | $49.85 |
| 2027 | $60.83 | $62.93 | $70.48 |
| 2028 | $86.53 | $89.68 | $108.24 |
| 2029 | $120.84 | $125.33 | $151.01 |
| 2030 | $177.06 | $182.07 | $209.22 |
Risks and Considerations for Horizen Investors
- Volatility: Like other cryptocurrencies, Horizen is a highly volatile asset, and its price can fluctuate significantly in a short period. Investors should be prepared for the risk of significant losses or gains in their investment.
- Regulations: Cryptocurrencies such as Horizen operate in an uncertain regulatory environment. Regulatory actions by governments or authorities can impact the price of Horizen and its adoption by users and merchants.
- Cybersecurity: Horizen and other cryptocurrencies are vulnerable to cyber-attacks, hacking attempts, and other cybersecurity risks. Investors should be aware of these risks and ensure that they take appropriate measures to secure their Horizen holdings.
- Market Competition: Horizen faces competition from other blockchain platforms and cryptocurrencies. An increase in competition or the emergence of new, better technologies can reduce the demand for Horizen and negatively impact on its price.
- Adoption: The adoption rate of Horizen by merchants, users, and institutions is an important factor that can affect its price. Investors should be aware of the level of adoption and demand for Horizen and assess whether it is sufficient to support its long-term growth.
- Liquidity: The liquidity of Horizen is an important consideration for investors. Low liquidity can make it difficult to buy or sell Horizen at a desirable price, and investors may need to sell at a lower price than expected or hold their investment for a more extended period.
- Technical Risks: Horizen’s underlying technology and its development roadmap carry certain technical risks, such as software bugs or unexpected issues that could affect its functionality and, in turn, its price.
Investors in Horizen should carefully consider these risks and other factors before making any investment decisions. It is recommended that investors conduct their own research, seek professional advice, and only invest what they can afford to lose.
Conclusion
Horizen is a fully decentralized blockchain ecosystem that specializes in zero-knowledge-based technology. Their unique sidechain solution, Zendoo, allows developers to build scalable blockchains that can handle tens of thousands of transactions per second while maintaining true decentralization across tens of thousands of nodes. With one of the largest and most distributed node networks in the industry, Horizen can process over 10 million transactions per second across all sidechains. In addition to technical decentralization, Horizen is also working towards complete decentralization on the governance level through initiatives like Zen Improvement Proposals and the Horizen Community Council. Horizen’s native cryptocurrency, ZEN, powers the ecosystem and can be used to participate in their nearly 50,000 full node network. Overall, Horizen offers a unique and powerful solution for blockchain scalability and privacy that could have significant implications for the future of blockchain technology.
