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Elemont
Jan 11, 2021 11:52 PM

Horizen ZEN - The Path to $100 Long

Horizen / US DollarBinance

Description

- Volume has driven into privacy coins such as ZENUSD after big tech began an online censorship & purge campaign.
- Horizen is uniquely positioned to outperform other privacy coins with a market cap well below XMR and ZEC, and a supply replicating Bitcoin in scarcity (21m maximum ZEN).
- Horizen's privacy component is optional, similar to ZEC, which makes it less of a regulatory target vs XMR and more flexible and useful.
- Horizen is supported by Grayscale who openly advertise their Horizen Trust to investors. This platform will continue to drive further demand into ZEN.
- $100 Horizen would = 800m market cap (at current supply). Well and truly within reason as I expect this coin to surpass 1BN in market cap eventually.
- $33 is major resistance, with blue sky after that breaks, towards $100.
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