ZENBTC
Horizen (ZEN) formed bullish Gartley for upto 1473% massive pumpHey dear friends, hope you are well and welcome to the new trade setup of the Horizen ( ZEN ) coin.
On the monthly time frame, ZEN has formed huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ZEN could climb its price to 228.53 in the long term - Sofi12z █ What is Horizen: A private and secure platform for organizations
Launched in May 2017, Horizen (ZEN), formally successful as ZenCash, is a platform based on privacy and scalability with an ecosystem supported by the largest network of nodes in the sector. The platform focuses on giving organizations and developers an instant and affordable way to build their own public or private blockchains. ZEN is trading at $56 per token with an outstanding supply of about 11 million, for a total market capitalization of $640 million.
How does Horizen work?
The Horizen Network uses both of the most prevalent settlement algorithms in blockchain technology – Proof of Work (PoW) and Proof of Stake (PoS). For the deal, the network's main chain uses the PoW algorithm, while the side chains use a modified version of the PoS protocol.
This sidechain model with decoupled cross-chain agreement was proposed and implemented by Horizen in 2018. The primary purpose of this model is to make cross-chain transfers secure and decentralized without the backchain nodes tracking the sidechains for verification.
Horizen is based on a multi-tiered node system, in which the plan is touted as the largest node network in the industry. At the time of writing this article, there are about 45 thousand active nodes in the Horizen network. Furthermore, this network of nodes is geographically diverse and therefore decentralized. The plan further ensured that its node network is the first to integrate end-to-end TLS encryption between nodes.
According to Horizen, it uses this system of massive, geographically dispersed nodes to improve the scalability, reliability, stability, and speed of its network. There are 3 types of nodes, which are traditional integer nodes, secure nodes, and super nodes. The details of each type are as follows:
Regular integer nodes: Each of the public blockchains use integer nodes for verification or validation of transactions. At Horizen, these regular whole nodes contain the latest replica of the Horizen blockchain and are usually wallets that run an instance of their core program.
Secure nodes: There are about 41,000 active secure nodes. As their name suggests, these nodes provide stability to the Horizen network through decentralization and end-to-end encryption.
Super Nodes: There are about 3,700 active Super Nodes on the network. These nodes give improvements to the network and allow Horizen to make a sidechain platform. As a consequence, there can be an unlimited number of blockchains and decentralized applications (DApps) on the network.
In addition, the Super Nodes allow the monitoring and payment of the Secure Nodes that will move in the chain.
As previously stated, Horizen is formerly known as ZenCash. ZenCash has been forked from ZClassic, which has been forked from ZCash a Bitcoin (BTC) coin. Thus, Horizen inherited zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), ZCash's privacy technology, which is a specific type of zero proof of understanding in which it is mathematically shown and shown to users that the transactions have taken place without disclosing any other information. With zk-SNARK, Horizen manages to deliver scalable, privacy-based resolutions without compromising decentralization and stability.
What is Zendoo?
Horizen delivers decentralized, scalable, secure, and privacy-driven resolutions focused on business applications. The plan has evolved from its ZenCash days and now gives Zendoo a revolutionary sidechain infrastructure that solves scalability issues like slow transactions and high fees. Zendoo is currently live on the Horizen testnet and has not yet reached the mainnet.
Sidechains are separate and independent blockchains that run in parallel to the main chain. They provide extra features to support the primary chain without compromising speed and fairness. As a consequence, Horizen can give organizations and developers an immediate and inexpensive way to produce blockchains and DApps on the Horizen network. Horizen has various allies such as Celsius Network (CEL) and IOTA (IOTA).
What is the ZEN network?
Horizen also gives the ZEN coin, its native cryptocurrency, to miners, node operators, and validators. The network rewards both miners who power PoW calculations on the main chain and validators on PoS sidechains with freshly mined tokens. In addition to its role as a mining reward, ZEN has an optional privacy feature that users have the ability to use to control their digital footprint. ZEN gives this feature by providing 2 different types of addresses, which are:
T-Addresses: This kind of address is similar to the typical addresses that users use for transactions. The transaction is publicly and transparently recorded on the blockchain like regular transactions.
Z-Addresses: This kind of address is also called shielded address, because the transactions between these addresses are completely private and anonymous. This is achieved with the aforementioned zero proof-of-understanding technology, which hides personal information such as deposit and isolation addresses and the number of tokens transferred.
Who is behind Horizen?
Robert Viglione and Rolf Versluis co-founded Horizeon in May 2017. The Horizen plan is governed by the Zen Blockchain Foundation, a non-profit organization entrusted with managing the core accessories in terms of blockchain development. Additionally, both co-founders co-wrote the original Blanco play with Jane Lippencott, a cryptocurrency venture capitalist.
Rob Viglione is the current CEO of Horizen Labs. In addition, he is co-founder and president of the Zen Blockchain Foundation. Prior to the Horizen plan, he worked as a program project manager for the US Air Force and as an analyst for Tecolote Research and Lanmark Technology. Viglione holds a Ph.D. in Finance from the University of South Carolina, an MBA in Finance and Marketing, and a BA in Physics and Applied Mathematics. Additionally, he was an advisor to Aave and HeroEngine.
Rolf Versluis is currently the executive director of Horizen. He worked for Cisco Systems in the semiconductor industry and served as a Navy officer in the US Submarine Force. Versluis also founded North Georgia Crypto Mining, a provider of cryptocurrency mining services, and now works as an operator and technical consultant for cryptocurrency mining facilities. He has a degree in Electrical Engineering from the US Naval Academy and did training in Nuclear Engineering within the framework of the US Navy Nuclear Program.
Jane Lippencott is a former member of the founding team. She is also a longtime associate of Winklevoss Capital, where she invested in various cryptocurrency organizations like Chainlink, Aave, and Synthetix. Currently, Ella Lippencott belongs to the 2021 VC cohort at All Rise, she is an advisor to Teller Finance and a mentor to CeloCamp, Open Web Collective and Gitcoin. She has a degree in Management from the Darla Moor School of Business.
Horizen has never conducted an Initial Coin Offering (ICO). However, Grayscale Investments, an organization that manages cryptocurrency investment funds, has made a new fund focused on Horizen. In 2018, Grayscale purchased a sequence of ZEN tokens costing $6.3 million at the time for its Horizen Trust.
ZEN cost history
The cost of ZEN grew by well over 1,500%, going from $5 in November 2020 to $81 around February 2021. The spike between February 9 and February 19, in particular, likely came after the news of associations and listings of exchange of cryptocurrencies. Unfortunately, the cost of Quick ZEN corrected itself and dropped by about 40% to $42 a few days later.
Like most of cryptocurrencies, the cost of the token trumped a lot throughout the cryptocurrency market bull run. At that time, the cost of ZEN jumped 250% to its all-time high of $147 on May 19. However, the cost plummeted the next day. Now, the ZEN cryptocurrency is trading at $56, which is 40% off its all-time high.
Is the ZEN cryptocurrency a good investment?
ZEN is number 110 by market capitalization. Like Bitcoin (BTC), the ZEN token has a total supply of 21 million and makes a periodic reduction in block rewards. The first halving event happened in the last month of the year 2020, where the number of Horizen rewards generated per block was decreased from 12.5 ZEN to 6.25 ZEN. As previously stated, miners and node operators receive the newly mined tokens as a reward. Of the total block reward, 60% goes to miners, 10% to Secure Node Operators, 10% to Super Node Operators, and 20% to the Horizen Decentralized Autonomous Organization (DAO). of Horizen.
What is the future of Horizen?
As already stated, Zendoo is still in the testnet. According to the Horizen roadmap the accessories hope to port the sidechain protocol to the mainnet in the third quarter of this year. When Zendoo reaches the prime network, it would mean that the plan has fulfilled its promises, and the cost of the ZEN token could increase after this news.
There is news that one of the major US cryptocurrency exchanges is looking to benefit from ZEN on its platform. Historically, cryptocurrencies on this exchange have created a huge buzz and enjoyed a boost in cost once they are done trading. If ZEN passes the precise compliance and technical review, the token could experience a brief bull run when it is listed.
Horizen is currently one of 13 institutional-grade investable projects at Grayscale. Grayscale's CEO has claimed that Horizen uses pre-eminent technology and has a great team behind the plan. He suspects that organizations using blockchain technology will pay a premium for privacy-based applications in the future. The support that Grayscale has shown toward the Horizen plan builds confidence among classic organizations. Thanks to this trust and the plan's monumental network of nodes, it is quite possible that Horizen will be the first choice for organizations looking for a decentralized, scalable, secure and privacy-based blockchain solution.
█ Fundamental Conclusion
Horizon, previously successful as ZenCash, is a decentralized and scalable platform that focuses on giving organizations and developers an immediate and affordable way to produce their own blockchains and DApps. The plan is based on Zendoo, its sidechain protocol that creates independent blockchains. These separate blockchains complement the abilities of the mainchain without compromising speed and balance, thus enabling the instant construction of affordable blockchains and DApps. In addition, the plan uses the largest network of nodes in the industry for transaction verification and leverages zk SNARK, a type of zero-proof cryptography that increases privacy and stability. The plan has potential because it has the help of Grayscale Investments, one of the leading digital currency investment institutions. This support builds trust among classic organizations that have the ability to opt for Horizen when choosing a blockchain solution.
█ Technical Analysis
Basic Information:
• Rank: 135
• Market cap: $942M
• Price in BTC: 0.00079
• Available supply: 18,708,862
• Maximum supply: 21,000,000
• Volume (USD): 43,849M / 38,171M
• Relative volume: 1.15x
• Volatility: 8.92%
• Range: $27,902463 – $31,072467
█ Technical Concepts:
Horizen's ATH was on May 13, 2021 at a value of 147 dollars at closing price, since then its price has fallen by 80.42%, Horizen is currently at lows below March and July 2021 at 47 Dollars. Currently Horizen is valued at 29 dollars.
Currently, at these lows, the future of Horizen is uncertain, the asset remains with a strong community but it is not managing to withstand market falls, having complications in order to scale its value. However, those who believe that in the future the asset will gain value are beginning to carry out DCA within the asset with the purpose of accumulating more ZEN in the long term, being their purchases at 34,17 and 29,17 where we can denote strong purchase volumes, this being the asset demand area.
The supply zones or resistances to overcome for Horizen to scale and thus obtain more value are in the range of 92,93 to 138,55, next to the lines and the time in which that supply zone is located is placed.
In general, it will seek to overcome the weekly resistance, thereby managing to scale the value of the price. However, within that range there is a large number of sell orders (Distributed Supply).
It should be added that the volatility of the asset is at a 2020 low. So do not worry about strong impulses in a short period of time, this is based on the ATR indicator.
Personally, I am buying Horizen at these prices, because I consider that the long-term project has the potential to scale. Technical analysis does not make it difficult to intuit that buying from now on represents a lower risk than in other years, the project is maintained with a strong community, the foundation is quite stable and the development team continues to work daily on the project.
My minimum long-term goal is a value of 147,24 to 228,53. You should keep in mind that I try to minimize the analysis so that anyone can understand it.
If you liked the analysis, leave a like and any questions you can leave in the comments.
ZEN/USDT QUICK 12hr ANALYSIS.Welcome to this quick ZEN/USDT 12hour update analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello Members, welcome to our ZEN/USDT quick update,
ZEN/USDT broke the upper trend line and retested already but in the current scenario, it's moving toward the upper trend line to retest again.
So it's another chance to take a position for the long term on the spot or low leverage.
The entry zone in this setup will be the yellow zone and stop loss will be the lower red line.
if BTC moves in the right way then I am expecting we will be able to see a 130% potential rally.
Don't forget to use stop loss in every trade for safe trading.
Entry:-$32.90,$38
Target:-$45,$51,$60,$72,$83,$94,$112,$131
Stoploss:-$26
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of ZEN in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Horizen (ZEN) - July 27Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ZECUSD 1W Chart)
If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the range of 51.9057483-75.5574533, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 37.8826710-51.9057483 zone.
If it declines from the 37.8826710 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
In the CCI-RC indicator, it remains to be seen if the CCI line moves above the EMA line and can continue the uptrend.
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(ZENBTC 1W chart)
If the price is maintained above the 128050 Satoshi-144420 Satoshi range, it is expected that the upward trend will continue.
(1D chart)
If the price is maintained in the 142590 Satoshi-194880 Satoshi section, it is expected to turn into an uptrend.
If it goes down, you should see support in the 116440 satoshi-142590 satoshi range.
If it falls from the 116440 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Horizen (ZEN) - July 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ZENUSD 1W Chart)
If the price holds above the 37.8826710 point, it is expected that the uptrend will continue.
In particular, if it rises above the 67.0667780 point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 65.3328249-85.5763204 range, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 34.9675823-45.0893294 zone.
A move above the 85.5763204-95.6980675 section is expected to accelerate the uptrend.
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(ZENBTC 1W chart)
If the price holds above the 0.0014442 point, it is expected that the uptrend will continue.
In particular, if it rises above the 0.0021190 point, it is expected to create a new wave.
(1D chart)
If the price holds in the range of 0.0019488-0.0024717, it is expected to turn into an uptrend.
If it goes down, you should check to see if it finds support at the 0.0017323 point.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Abbreviations shown in charts
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Horizen (ZEN) - May 30Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ZENUSD 1W Chart)
(1D chart)
We should see support at the 116.6806795 point and see if we can move higher.
If it goes down, you should check to see if it finds support at the 109.9102165 point.
If it falls from the 109.9102165 point, a short-term Stop Loss is required.
If it falls in the 85.5763204-95.6980675 section, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so careful trading is required.
-------------------------------------
(ZENBTC 1W chart)
(1D chart)
We'll have to wait and see if we can get support from the 35013 Satoshi branch.
If it goes down, you should see support in the 29811 Satoshi-31545 Satoshi section.
--------------------------------------
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that are ultimately profit can be regenerated.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
$ZEN, Making a new YTD high (and above everything since 2018..)$ZEN
Making a new YTD high (and above everything since 2018..)
Similar to other charts, showing an ugly candle based on BTC recent activity.
Anyway, retesting breakout level and looking for a flip as signal of continuation..
Willing to take the trade if flip happens
#ZEN
ZEN getting out of its accumulation zoneAnything backed by Grayscale is worth paying attention to, and ZEN is one of those projects. One of the biggest ones in terms of privacy and with big backers. Potentially it could be listed on Coinbase and I will also present those coming next on Coinbase based on my opinion. The ZENBTC charts looks a bit like ADABTC before the key breakout (on lower timeframes), while the ZENUSD chart broke its ATH, retested and now making a new one. Looking very strong on both pairs and both look special compared to other charts (quite different).
In this thread I have all the alts I think would be listed on Coinbase. The only ones I missed where BNT, 1INCH and SUSHI, but I think more of the ones on the list are coming. Definitely worth talking about some of them.
twitter.com
ZEN/BTC Failed H&S and currently hitting resistanceZEN had a great recovery looking at the ZEN/BTC chart.
Looking at the support and resistance lines we see that we currently did hit a resistance line.
Since we are extended that much one would think we will see a short term pullback.
We also can see a failed bullish Head and Shoulders pattern.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
$ZEN, Nice R/S flip over ~110k sats level $ZEN
Nice R/S flip over ~110k sats level and 10% up already on the daily (30% since UCTS 12H buy signal)
Long way to go for this one, not even above this year highs👀
At least aiming for continuation toward ~160k sats seems reasonable.. Let see how it goes but looks good!
#ZEN
$ZEN, Looking for a 1st interaction w/ 125k sats resistance...$ZEN
Switched to a Buy once again on the 12H (usually strong) & across all HTFs
Looking for a 1st interaction w/ 125k sats resistance level and if manage to break above it, then '20 highs.. (30%)
Volume for now looking kinda weak so careful..
#ZEN
HORIZEN (ZEN) GREAT POTENTIALHello Traders
As you can see in the chart above, ZEN is Extremely bullish on technicals
if we see the ZEN/BTC chart, it obviously has a great potential on both USDT and BTC pairs.
On the other hand
Recently I'm more focused on fundamentals, to
this project has robust technology. It's a privacy token, too, with a cross-chain.
Recently ETH has a high gas, so all of the scalability tokens started to pump.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too.
Goodluck.
Horizen (ZEN) Hits New High + Next Target MappedGood things happening for the Altcoins/Cryptocurrency markets... Today, Horizen (ZENBTC) hit a new high compared to Nov. 2020 after a higher low.
This is great news because it signals that many of the other altcoins will also move higher and hit new highs, which opens the door for even more growth.
This is the same chart I drew on Jan. 10 but updated:
The "next target" is marked on the chart.
You can find additional targets if you move the chart higher.
Sit back, relax and just enjoy.
Namaste.
ZENUSDT - POTENTIAL RETRACEMENT ANALYSIS
- ZENUSDT brokeout above the previous ATH resistance.
- Price action is to printing a rising wedge pattern.
- RSI is a printing a bearish divergence signal.
SELL ENTRY ⬇️
- Breakdown below the rising wedge support.
TARGETS 🎯
- Fibonacci retracement levels
- Flip horizontal support (previous ATH).
SETUP INVALIDATION ❌
- Breakout above the rising wedge resistance.
ZENUSDT - Descending channel ANALYSIS 🔎
- ZENUSDT is printing a descending channel.
- Price is testing the descending channel resistance.
- The minor uptrend is supported by an ascending trendline support.
POSSIBLE PRICE ACTIONS
- Bullish ⬆️: breakout above the descending channel's resistance.
- Bearish ⬇️: breakdown below the ascending trendline support.
TARGETS 🎯
- Bullish ⬆️: horizontal resistance levels (R1, R2).
- Bearish ⬇️: horizontal support level (S1), descending channel support.
Horizen (ZEN) / BTC Main trend.Horizen (ZEN) / BTC Main trend. Falling wedge. The graph is logarithmic. Timeframe 1 week. Pivot zones and target levels are shown on the chart. The first target is the resistance of this formation at about 100%. Also, the resistance of the wedge (main trend) will act as a potential trend reversal zone. If the resistance is broken through and consolidates above it, the main trend will reverse.
Fundamental.
The industry's first decentralized and fully customizable sidechain protocol that solves the biggest challenges when applying blockchain solutions to real-world use cases.
Event.
Coin. Mineable. Around December 2, the Horizen blockchain will undergo a halving of the first block reward. This event will take place at block 840,000 in which the block reward will be halved from ZEN 12.5 per block to ZEN 6.25 per block. The remuneration ratio for stakeholder groups will remain the same.
Grayscale
One of the largest funds, Grayscale, whose assets are estimated at more than $ 10 billion, announced publicly on 20 11 2020 in its official twitter that it has this cryptocurrency in its invest. portfolio in the amount of $ 2.8 million. More precisely, it was shown the assets that the fund has. This is easily verified.
On the one hand, you understand that bragging about your crypto portfolio (I do not mean this cryptocurrency), and the overall fantastic balance of the crypto portfolio, can be just manipulation in order to attract the attention and money of investors. In reality, it is quite possible that they have an order of magnitude less cryptocurrencies.
But I will say one thing, for such an average liquid altcoin, $ 2.8 million is a lot. I was very surprised that there is this altkin among only the top alt. You need to understand that if they have a position on this alt, even for half the amount, then with this test cryptocurrency everything will be more than all right in the near future, and it does not matter if the project will fail or not. Although if we compare the total balance and the number of other cryptocurrencies, then the position of this coin is "dust". But, it is the public statement that is important.
I think that over time they themselves will pump this cryptocurrency to the point of inadequacy. All the assets they have will be pumped up heavily, and the lower the liquidity, the higher the percentage.
Grayscale cryptocurrency portfolio in million dollars:
9,658.5 BTC
1.291.6 ETH
ETC 76.4
LTC 67.3
BCH 46.4
ZEC 11.3
XRP 10.2
XLM 1.4
Horizen (ZEN) 2.8