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
Crypto Market Rebounds With Notable Gains Across Leading Assets
The crypto market has seen a 23.11% increase in trading volume, with Bitcoin and Ethereum rising by 4.37% and 6.38%, respectively. Notable gainers include $CATX, $DOGO, and $PENGU, while DeFi and NFT sectors also grew significantly. Additionally, Morgan Stanley launched a BTC ETF, and FDIC proposed stablecoin regulation.
BlockChainReporter11m ago
Bitcoin spikes to $72k but then shows a “fake bull”? With the ceasefire agreement layered on top and options expiring, undercurrents are roiling in the market
After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.
GateNews42m ago
U.S.-Iran ceasefire talks push Bitcoin past $72k; Ethereum rises 6% in a single day
After U.S. President Trump reached a two-week ceasefire agreement with Iran, the crypto market rebounded. Bitcoin’s price broke above $72,000, while Ethereum rose to about $2,257. Market sentiment shifted from risk aversion to risk-on. The ceasefire news triggered short covering, driving prices higher. In the short term, the outlook for crypto assets will be influenced by global liquidity and macro variables.
GateNews1h ago
Trump cancels the “doomsday,” Bitcoin surges toward $72k, and global markets rebound across the board
After the United States and Iran reached a ceasefire agreement, global financial markets rebounded, and the price of Bitcoin surged sharply, with stock markets around the world rising in tandem. Analysts say Bitcoin is gradually becoming a risk asset that is highly linked to the macroeconomy, and in the future, price movements will be driven by geopolitical factors and liquidity.
GateNews1h ago
The RWA Yield Infrastructure Trade
The essay highlights challenges in direct RWA token exposure, emphasizes the potential in leverage opportunities amid settlement delays, critiques Morpho's governance token structure, and presents Fluid as a more effective token model with stablecoin links.
CoinDesk2h ago
