BTC $29655.46 (0.83%)
ETH $2029.34 (0.32%)
USDT $0.99 (0.05%)
BCH $207.77 (3.86%)
BSV $52.40 (1.72%)
LTC $68.05 (0.23%)
BNB $292.98 (3.00%)
ADA $0.54 (3.67%)
DOGE $0.08 (-1.4%)
BTC $29655.46 (0.83%)
ETH $2029.34 (0.32%)
USDT $0.99 (0.05%)
BCH $207.77 (3.86%)
BSV $52.40 (1.72%)
LTC $68.05 (0.23%)
BNB $292.98 (3.00%)
ADA $0.54 (3.67%)
DOGE $0.08 (-1.4%)

Horizen (ZEN) Price Prediction-Will ZEN Price Hit $100 Soon?

Horizen-ZEN-price-prediction Prediction
  • Bullish ZEN price prediction is between $55.19 and $93.55.
  • ZEN price might also reach $100 soon.
  • ZEN bearish market price prediction for 2022 is $27.10.

This Horizen (ZEN) price prediction 2022 article is based on technical analysis. Below, you will see the key confluences why we arrived at our Horizen (ZEN) price analysis and prediction.

The cryptocurrency market is growing steadily and gaining momentum with the total market capitalization of all cryptocurrencies tending towards $1.902 trillion according to CoinGecko. The price of Horizen (ZEN) has decreased by 30.7% in the past 30 days.

In this Horizen (ZEN) price analysis and price prediction, we take a look at the performance of ZEN and if it will reach $100 by the end of 2022. But before that, let us look at what is Horizen (ZEN)?

What is Horizen (ZEN)?

Horizen is a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, speed, and privacy. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Horizen offers best-in-class tools for developers to custom-build private or public blockchains

Current Market Status for Horizen (ZEN)

At the time of writing, the price of Horizen is $34.04 with a 24-hour trading volume of $34,914,431 and an increase in price by 10.86% in the past 24 hours.

The present circulating supply of Horizen (ZEN) is 12,349,000.00 ZEN. Some of the major crypto exchanges for trading SNX are Binance, Kucoin, Gate.io, Coinbase, ByBit, Huobi, and others.

Now that we have seen the present status of Horizen (ZEN) in the market, let’s look at the price analysis of ZEN.

Horizen (ZEN) Price Analysis 2022

Horizen (ZEN) is in the 133rd position in market capitalization of cryptocurrencies according to CoinMarketCap. It has increased by 2.0% in the past 7 days.

But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this Horizen (ZEN) price prediction article.

ZEN/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for ZEN/USDT, we can deduce that the price of Horizen might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

ZEN/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 46.50.  This shows that ZEN is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

ZEN/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the price of the coin might increase soon.

Horizen (ZEN) Price Prediction

The chart below shows that Horizen (ZEN) has performed great over the past few days. If this trend continues, ZEN might run along with the bulls, overtaking its $43.41 resistance1 level and climbing higher to $93.55 at the resistance4 level, the bullish signal for 2022.

ZEN/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Horizen (ZEN) from its uptrend position. In simpler terms, the price of ZEN might dip to $27.10, a bearish signal.

Meanwhile, our long-term Horizen (ZEN) price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $168.15 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

Horizen (ZEN) Price Prediction 2022

If this bullish trend continues, Horizen (ZEN) will reach $93.55 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $55.19. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $100 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Horizen (ZEN) Price Prediction 2023

The price of Horizen (ZEN) can move even great heights, however reaching $300 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Horizen breaks past the psychological resistance level.

Horizen (ZEN) Price Prediction 2024

The price of Horizen (ZEN) can move even great heights, however reaching $500 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency ZEN breaks past the psychological resistance level.

Horizen (ZEN) Price Prediction 2025

In the next four years, Horizen (ZEN) prices could race up to $800. However, reaching this level could not be so difficult for Horizen as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZEN has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Horizen (ZEN) Price Prediction 2026

As per the latest upgrades, developments, Horizen (ZEN) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of ZEN in the crypto market, and it will be the best investment as the price can spike and reach around $1200.

Conclusion

Horizen (ZEN) has a bright future ahead of it from 2022 to 2026. With ongoing developments happening within the Horizen network, as well as in the overall crypto market, we may see ZEN reach it soon.

Meanwhile, our long-term Horizen (ZEN) price prediction 2022 is bullish. In addition, it has a high possibility of surpassing over $93.55 and may reach above $100 this year. However, that will only happen if it breaks past many psychological resistances.

As said above, Horizen (ZEN) may even reach $100 if investors have decided that ZEN is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to buy Horizen (ZEN) Tokens?

Like other digital assets in the crypto world, ZEN can be traded on many exchanges. Users can obtain Horizen tokens by purchasing them from cryptocurrency exchanges such as Kucoin, Gate.io, Bybit, Binance, and others.

Does Horizen have a future?

Yes, for as long as the investors and the bullish market continue to side with the crypto.

Will Horizen (ZEN) price reach $100?

ZEN price may reach $100 in this year if the crypto keeps pumping its growth rate.

What will be the Horizen (ZEN) price by 2022?

Horizen price is expected to reach $93.55 in 2022.

What will be the Horizen price by 2023?

Horizen (ZEN) price is expected to reach $300 by 2023.

What will be the Horizen (ZEN) price by 2024?

Horizen (ZEN) price is expected to reach $500 by 2024.

What will be the Horizen (ZEN) price by 2025?

Horizen price is expected to reach $800 by 2025.

What will be the Horizen (ZEN) price by 2026?

Horizen (ZEN) price is expected to reach $1200 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Chukwuemeka is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.