ZEN (Horizen) rose 8.86% in 24 hours.

Gate News Bot news, on September 30, according to CoinMarketCap data, ZEN (Horizen) is currently priced at 7.54 USD, rising 8.86% in the last 24 hours, with a high of 7.54 USD and a low of 6.23 USD. The 24-hour volume reached 4.41 million USD. The current market capitalization is approximately 131 million USD, an increase of 10.6 million USD compared to yesterday.

Horizen is an EVM-based blockchain platform focused on providing confidential and compliant trading and secure on-chain activities for individual traders and financial institutions. ZEN is the native token of Horizen, which is now live on the Base network, used for confidential DeFi, governance, and long-term ecosystem growth. ZEN is one of the earliest fairly issued zero-knowledge proof tokens, with no ICO or pre-mining, and a total supply capped at 21 million, similar to Bitcoin. Currently, ZEN is supported by major centralized and decentralized exchanges, including certain CEX, Aerodrome, and Uniswap, and institutional users can also invest through Grayscale Horizen Trust.

Important recent news about ZEN:

1️⃣ Horizen launched on the Base network The Horizen (ZEN) project has recently been successfully deployed on the Base network, marking an important step in the expansion of the Horizen ecosystem. As a rapidly growing Layer 2 network, Base provides Horizen with a broader application scenario and user base, which is expected to promote the circulation and use of the ZEN token.

2️⃣ US-based cryptocurrencies gain attention As one of the cryptocurrency projects developed in the United States, Horizen has recently gained additional attention from investors. With the regulatory environment in the U.S. gradually clarifying, local projects may gain an advantage in terms of compliance and market acceptance, which could be one of the potential factors for the rise in ZEN prices.

3️⃣ Privacy and compliance balance is valued Horizen focuses on providing confidential and compliant trading solutions for financial institutions, a positioning that is particularly important in the current market environment. As traditional financial institutions increase their acceptance of blockchain technology, this characteristic of Horizen may attract more institutional users, thereby driving the demand for ZEN.

From a technical perspective, after ZEN broke through the $7.5 mark, it may face some profit-taking pressure in the short term. However, considering its new developments on the Base network and its appeal to institutional users, the medium to long-term outlook remains positive. Investors should closely monitor Horizen's further ecological construction on the Base network and potential new partnerships.

This message is not intended as investment advice; investors should be aware of market volatility risks.