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
Bitcoin Funding Rate Drops to 6%, Lowest Level Since Early 2023
The Bitcoin derivatives market has seen a significant decline in the funding rate, dropping to a 30-day percentile of 6%, the lowest since early 2023. This shift reflects a strong trend toward short positions, indicating bearish sentiment and potential market volatility.
BlockChainReporter1m ago
Circle's moment of reversal: stock price doubles, on-chain transactions surpass USDT, precise positioning for Agent payments
Circle's stock price breaks through $110, reflecting the market's new valuation of its stablecoin business model. Recent financial reports show significant revenue growth, and in a high-interest-rate environment, Circle's profit prospects are optimistic. At the same time, USDC has surpassed USDT in liquidity, becoming an important tool for settlement and cross-border payments. The growth of AI Agent payments also indicates USDC's potential in the micro-payment sector, as Circle advances toward the infrastructure of the digital economy era.
PANews8m ago
Garrett Jin: Risk assets will remain under pressure until the Strait of Hormuz reopens
Garrett Jin analyzes the impact of the Strait of Hormuz crisis on the market, believing that the crisis will continue to affect risk assets and that 3 to 6 weeks are needed to rebuild the insurance mechanism. The rise in oil prices reflects supply disruptions, and risk assets need to wait for event developments before rising. The recent trend is an increase in crude oil and interest rates.
GateNews14m ago
Chiliz (CHZ) accelerates after positive technical signals, with expectations of reaching a new high
Chiliz (CHZ) is sending notable recovery signals as it trades steadily above the $0.040 USD level at the time of recording on Tuesday. The upward momentum emerged after this altcoin broke out of the (falling wedge) pattern — a technical structure often indicating the potential for a...
TapChiBitcoin59m ago
Why BADGER Just Plunged 48% in 60 Minutes
BADGER's price has sharply dropped 48.02% to $0.396084, prompting concerns among traders about market sentiment and potential future movements. Despite recent volatility, traders are monitoring stabilization and key support levels.
Coinfomania1h ago
Why PLA Just Plunged 47.81% in 60 Minutes
PLA's trading volume surged unexpectedly, causing a 47.81% price drop to $0.122501 in one hour, raising concerns about market dynamics. Low participation and whale activity may contribute to this volatility as traders await signs of recovery or further declines.
Coinfomania1h ago
