Horizen Prediction

About Horizen (ZEN)

Horizen (ZEN) is a utility/project token on the Base chain with a market cap of $104.57 million and fully diluted valuation of $123.40 million, showing moderate liquidity of $2.61 million but concerning holder concentration where top 100 control 94% of supply. Recent 24-hour price action is positive at 2.42% gain with buy-dominant trading, yet a 23% drop in holders over 30 days and lack of project description or social links suggest underlying weaknesses in adoption and transparency. Currently trading at $5.88, it operates in an uncategorized space, potentially as a privacy-focused or utility token, but high concentration risks make it volatile.

Current price: $5.88

Market cap: $104.57M

Liquidity: $2.61M

Holders: 111.6K

Horizen Price Prediction

The token has shown a 2.42% increase over 24 hours with buy pressure at 55.8%, indicating some accumulation, but recent 4-hour and 1-hour periods reflect minor declines of 0.54% and 0.24% respectively, suggesting short-term consolidation. Trading volume shows more buys than sells in 24 hours, yet the 4-hour data reveals higher sell transactions (163 vs 114 buys), pointing to potential profit-taking. Overall, price action appears range-bound without strong momentum in either direction.

Over the next 30-90 days, the token faces downward pressure due to a significant 23% decline in holders over the past 30 days and high supply concentration in top holders, which could lead to volatility from whale movements. Without available project catalysts or social presence, adoption may stall, potentially exacerbating the bearish trend unless external market conditions improve. Positive on-chain security and utility classification provide some floor, but overall metrics suggest limited upside.