In this guide, we will express our and the market’s opinion on the future of ZEN as we discuss Horizen’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Horizen.
Now, let’s get into it.
Before delving into Horizen’s price prediction and answering questions about whether ZEN is a good investment or not, why ZEN will succeed or fail, or why Horizen’s price will rise or fall, let’s quickly take a look at what ZEN is and its history to date.
Table of Contents:
What is Horizen?
The main 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 among its privacy-conscious users. He also believes that 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 developing decentralized applications (dapps).
The Horizen network combines proof-of-work (POW) with proof-of-stake (POS) so that new tokens are rewarded for both POW miners and POS validators. Essentially, the Horizen mainchain uses POW to maintain consensus while sidechains use POS.
Of the newly created ZEN tokens, miners receive 60% while secure node operators and super node operators each receive 10%. The last 20% of the new ZEN tokens produced go to the Treasury of the Decentralized Autonomous Organization (DAO) in Horizen, which helps finance the development of the ecosystem.
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 Forecast For the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Horizen Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
ZEN Price Prediction 2025 – 2030 – 2040
Our forecast model sees ZEN reach $12.45 in 2025.
How much will ZEN be worth in 5 years?
The price of ZEN in 5 years could be around $ 11.78
How much will Horizen be worth in 2030?
Our forecast model sees Horizen reaching $31.12 in 2030.
How much will Horizen be worth in 2040?
Our forecast model sees Horizen reaching $62.23 in 2040.
Will Horizen replace/surpass/surpass Bitcoin?
No, Horizen will not replace or exceed BTC.
Can Horizen reach $100?
Yes, Horizen could reach $100 by the end of 2022.
Can Horizen reach $1000?
No, our forecasting model sees no chance for Horizen to reach $1000 in the short or medium term.
Is Horizen worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, against this background, it is worth buying Horizen.
Is Horizen a good investment?
Horizen is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Horizen be worth?
For the short-term future, it could reach $3.42. In the long term (8-10 years), it could jump to $31.12 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’s why our forecasting model sees Horizen rise to $31.12 in 2030.
Why will Horizen go bankrupt and go down in price?
Cryptographic projects fail for various reasons. Some of the most common are: the 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 a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Horizen go?
Our prediction model sees the price of Horizen explode and reach $62.23 in the distant future.
Can Horizen make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a Horizen millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in Horizen could make you a millionaire.
