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.
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