In this guide, we will voice our own and market’s opinion on ZEN future while discussing Horizen price forecast for 2023 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 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
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will ZEN develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
are also excellent plus they allow automated trading.
Horizen Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
ZEN Price Prediction 2025 – 2030 – 2040
Our prediction model sees ZEN reaching $ 15.23 in 2025.
What will ZEN be worth in 5 years?
The price of ZEN in 5 years could lie around $ 14.40, according to CaptainAltcoin’s prediction model.
What Horizen will be worth in 2030?
Our forecasting model sees Horizen reaching $38.07 in 2030.
What Horizen will be worth in 2040?
Our forecasting model sees Horizen reaching $76.15 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 $4.02. In the long-term (8-10 years), it could jump to $38.07 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 $38.07 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 $76.15 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.
- Celer Network Price Prediction
- Bancor Price Prediction
- Helium Price Prediction
- Injective Protocol Price Prediction
- Tellor Token Price Prediction
- Waltonchain Price Prediction – Future Forecast For WTC Price
- Future Forecast for XRP Price
- Tezos Price Prediction
- Zilliqa Price Prediction
- Sia Coin (SC) Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com