In this guide, we will voice our own and market’s opinion on ZEN future while discussing Horizen price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Horizen.
Now, let’s head into it. Before we delve deep into the Horizen price prediction and answer questions if ZEN is a good investment or not, why will ZEN succeed or fail or why will Horizen price rise or drop, let’s quickly throw a glance at what is ZEN and its to date history.
What you'll learn 👉
What is Horizen?
The core feature of the Horizen blockchain is privacy. Since its launch as ZenCash, the network has used zero-knowledge proofs to make its ZEN currency untraceable and unwatchable between its privacy-conscious users. It also believes any interaction between users should be private. So the company is building privacy solutions for smart contracts–with the intent of being a decentralized platform for private messaging, publishing, and decentralized application (dapp) development.
The Horizen network combines proof-of-work (POW) with proof-of-stake (POS) so new tokens are rewarded to both miners doing POW and validators doing POS. Essentially, the Horizen mainchain uses POW to maintain consensus while the sidechains use POS.
Of the new ZEN tokens created, miners receive 60% while Secure Node Operators and Super Node Operators receive 10% each. The final 20% of new ZEN tokens produced go to the Horizen Decentralized Autonomous Organization (DAO) Treasury, which helps to fund ecosystem development.
Like Bitcoin, there is a total supply of 21 million ZEN, as well as a periodic halving of block rewards. The first such halving took place in December 2020, bringing the block reward from 12.5 ZEN to 6.25 ZEN.
ZEN Price Prediction For The Next 90 Days
Following the landmark approvals of Bitcoin ETFs earlier this year, there has been a surge in interest from both retail and institutional investors. This could be a game-change for crypto. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative finish of the year. At least this is what crypto traders hope for. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Now, attention is turning towards post-halving rallies, with the BTC halving and ETH ETFs now well behind us. Ripple was also fined to pay $125 million to SEC based on the most recent ruling decision. This is considered as another victory for XRP. Bitcoin has almost tripled in price since last summer, with the upcoming US elections expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $60-63k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $2,400 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and historical post-halving rallies. Some of the hottest sectors so far this year were memes, RWA and AI projects.
Below is a tabular overview of how will ZEN develop in the short-term (for the next 90 days), according to our prediction model:
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Horizen Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the first few months of 2024, with Bitcoin leading the charge. BTC has first seen an impressive gain, hit new ATH of around $73k in March, but then retraced to the current levels in the $60-63k range. Total market capitalization is currently at around $2.2 trillion (it was around $1 trillion in June last year). Despite having strong start of the year, the market then “survived” two crashes this summer, in July and August when BTC plunged to around $50k. It bounced off this area quickly though.
Bitcoin halving happened in April and historical data tells us the BTC price starts to rally 6-12 months after the halving, so we are still not there yet. Ethereum ETFs are now also a done deal, although we see constant outflows there on a daily basis.
However, the growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies. Coins such as RNDR, NOT, TON, WIF, or most recently SUI and POPCAT produced nice gains.
All in all, the whole crypto community is preparing for the next leg up in this bull run.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
ZEN Price Prediction 2025 – 2030 – 2040
Our prediction model sees ZEN reaching $24.62 in 2025.
What will ZEN be worth in 5 years?
The price of ZEN in 5 years could lie around $24.51, according to CaptainAltcoin’s prediction model.
What Horizen will be worth in 2030?
Our forecasting model sees Horizen reaching $61.56 in 2030.
What Horizen will be worth in 2040?
Our forecasting model sees Horizen reaching $123.12 in 2040.
Will Horizen replace / surpass / overtake Bitcoin?
No, Horizen will not replace or overtake BTC.
Can Horizen reach $1000?
No, our prediction model sees no possibility for Horizen to reach $1000 in the short or mid-term period.
Is Horizen worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Horizen is worth buying.
Is Horizen a good investment?
Horizen is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Horizen be worth?
For the short-term future, it could reach $7.26. In the long-term (8-10 years), it could jump to $61.56 or even higher.
Why will Horizen succeed and go up in price?
Horizen has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Horizen rising up to $61.56 in 2030.
Why will Horizen fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Horizen go?
Our forecasting model sees Horizen price exploding and reaching $123.12 in a distant future.
Can Horizen make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Horizen millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Horizen could make you a millionaire.
Can Horizen reach $100?
Yes, Horizen could reach $100 by the end of 2024.
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