Gate News Bot message, on November 18, according to CoinMarketCap data, as of the time of writing, ZEN (Horizen) is currently priced at $15.87, having risen 14.19% in the last 24 hours, with a high of $16.99 and a low of $11.56. The 24-hour volume reached $344 million. The current market capitalization is approximately $279 million, an increase of $34.6 million compared to yesterday. Currently, ZEN ranks 142nd in global Crypto Assets market capitalization.
Horizen is an EVM-compatible blockchain that offers confidential, compliant transactions and secure on-chain activities for individual traders and financial institutions. ZEN is Horizen's native token, which is now live on Base, used for confidential DeFi, governance, and long-term ecosystem growth. ZEN is one of the earliest fairly distributed zero-knowledge proof tokens, with no ICO or pre-mined supply, and a total supply limit similar to Bitcoin's 21 million. ZEN is supported by major centralized and decentralized exchanges, including a certain CEX.
Important news about ZEN recently:
1️⃣ Price rebounded significantly, rise is notable
The price of ZEN has shown a significant rise trend over the past week. From the low of $13.14 on November 11, the price of ZEN increased to $15.87 within a week, with an increase of over 20%. This strong rebound indicates that market confidence in ZEN is recovering, and buying power has noticeably strengthened.
2️⃣ Trading activity has significantly increased
The volume of ZEN has seen a significant rise over the past week. The 24-hour volume increased from 159 million USD on November 11 to 344 million USD, a rise of over 116%. The surge in volume reflects a sharp increase in investor interest in ZEN, which may indicate that more market participants are entering or refocusing on this asset.
3️⃣ Market capitalization rise drives ranking increase
Along with the rise in price and volume, the market capitalization of ZEN has also seen significant growth. The current market capitalization is approximately $279 million, an increase of about $48 million compared to a week ago. The expansion of the market capitalization has propelled ZEN up to the 142nd position in the global crypto assets market capitalization ranking, indicating its improved status in the overall crypto market.
From a technical perspective, the ZEN price has broken through the lower edge of the previous fluctuation range of 11.15 to 24.81 USD and is currently moving towards the middle of the range. This breakthrough may attract more attention from technical analysts and is expected to trigger further pump momentum. On the fundamental side, as an early fair issuance zero-knowledge proof token, the scarcity and technical characteristics of ZEN may gain more recognition in the current market environment, which could be one of the potential factors supporting its price rise.
This message does not constitute investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum Liquid Supply Hits 2024 Low on Binance
Abstract: CryptoQuant reports a notable contraction in Ethereum's liquid supply on Binance, with liquid ETH dropping to about 534,000 from a total reserve of 3.44 million. The trend, termed liquidity dryup, could reduce near-term selling pressure and provide price support if demand improves.
Summary: CryptoQuant notes Binance's ETH liquid supply fell to ~534k of 3.44M total, signaling a liquidity dryup that could ease selling pressure and support prices if demand strengthens.
CryptoFrontier25m ago
$78,000 BTC Price Support Level Reclaimed, Bitcoin Could Be Entering Bullish Reversal Stage
Bitcoin reclaiming $78k fuels a bullish reversal narrative and potential altseason, with bulls eyeing new ATHs up to $126k–$140k while bears warn of a fake pump before a cycle bottom.
Abstract: The article discusses Bitcoin reclaiming the $78,000 level as a potential bullish reversal that could spur altcoin rallies, outlining bullish and bearish forecasts, possible new ATHs, and rising market optimism.
CryptoNewsLand35m ago
Altcoin Trading Volume Share Hits Two-Month High at 51% on Major CEX
Gate News message, April 22 — According to analyst Darkfost, altcoin trading volume share on a major centralized exchange reached 51%, up significantly from 31% in early March, while Bitcoin and Ethereum shares fell to 30% and 17% respectively.
Ethereum's trading volume share declined sharply from
GateNews1h ago
Bitcoin Breaks Through $78,000, Ethereum Hits $2,390: Market Panic Eases
Bitcoin breaks through $78,000, while Ethereum climbs above $2,390. This article reviews the V-shaped reversal trend from April 13 to 22, analyzing the evolution of liquidation data and the Fear and Greed Index.
GateInstantTrends2h ago
SHIB Struggles to Recover as Fresh Developments Fail to Lift Price Action
SHIB trading activity rises, but price stays trapped in a tight consolidation range.
Whale accumulation increases while some long-term holders, including Aoki, exit positions.
Strong derivatives volume and inflows fail
CryptoNewsLand4h ago
Macro Recovery Drives Risk Asset Inflows; Crypto Market Shows Divergence Between Mainstream and Altcoins
Global risk appetite rose on easing Middle East tensions, lower energy prices, and strong institutional support, pushing equities to new highs; gold held gains while crypto and ETFs posted modest moves.
Global risk sentiment improved as tensions eased and energy prices fell, with equities at highs, gold firm, and crypto modestly higher; regulatory steps included France backing euro stablecoins and Circle's USDC Bridge.
GateNews5h ago
