Horizen (ZEN)

Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide everyone with complete control of their digital footprint. Launched in May 2017 (no ICO and no pre-mine), the leading-edge platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy.

The team is working towards releasing the Horizen platform upon the world so that anyone can build privacy-based applications with the option to monetise their creations. This will allow Horizen to bring thousands of real-life services to the mass market.

The platform itself is being built on top of a truly decentralised side-chain based system powered by Horizen’s multi-tier node network. The project utilises a sustainable funding mechanism and intends to empower all ZEN holders with decision making authority via a treasury governance system designed in collaboration with their partners, Input Output Hong Kong (IOHK).

Horizen has one of the largest node networks in the industry with 21,000 reachable nodes across 56 countries, a passionate worldwide community, a team of over 50 professionals, and an ambitious roadmap driven by continuous investments in cutting-edge research and development.

1. ZEN Basic Info

2. ZEN Technical Info

2.1 ZEN Kline Chart Price

2.2 ZEN Technical Analysis

The short-term trend is bearish with potential for further declines.

Expect a consolidation phase to follow the recent sharp decline, possibly with a period of sideways movement.

The market may attempt a minor recovery, but the overall direction remains downward in the short term.

The price could test lower support levels.

Significant volatility is expected.

The long-term trend is uncertain, but the potential for a reversal exists.

3. ZEN News Info

3.1 ZEN News List

• 20250305
  Binance will suspend Horizon (ZEN) deposits and withdrawals on March 11 to support its network upgrade 📉
  Binance to Support Horizon (ZEN) Network Upgrade 📉

3.2 ZEN News Analysis

The Horizon (ZEN) network faces an imminent upgrade impacting its availability on Binance. Suspension of deposits and withdrawals indicates significant internal changes within the ZEN network, potentially related to performance improvements, security enhancements, or protocol updates. Market reaction should be closely monitored for any price volatility around March 11th, as users may adjust their ZEN holdings. Furthermore, this action by Binance suggests a commitment to supporting network upgrades, potentially indicating confidence in Horizon s future. Other exchanges are likely to adopt similar measures, causing overall impact on ZEN liquidity during this period. The suspension could be interpreted as a short-term inconvenience with long-term benefits, depending on the upgrade s success.