Horizen Crypto

ZEN Crypto  USD 16.24  0.04  0.25%   

Performance

16 of 100

 
Weak
 
Strong
Solid

Risk Of Devaluation

Less than 31

 
High
 
Low
Below Average
Horizen is trading at 16.24 as of the 28th of November 2024, a 0.25% down since the beginning of the trading day. Horizen has about a 31 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Cryptocurrency ratings for Horizen are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Horizen is peer-to-peer digital currency powered by the Blockchain technology. More on Horizen

Moving together with Horizen Crypto Coin

  0.67BTC BitcoinPairCorr
  0.71DOGE DogecoinPairCorr
  0.77BCH Bitcoin CashPairCorr
  0.77LTC LitecoinPairCorr
  0.82ETC Ethereum ClassicPairCorr

Moving against Horizen Crypto Coin

  0.43CLO CLOPairCorr
Horizen is a digital token from an online market maker for P2P digital cash denominated as Cryptocurrency. Horizen has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Horizen are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Horizen are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Horizen Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Horizen's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Horizen or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Business ConcentrationTechnology, Cryptocurrency, Blockchain (View all Sectors)
Horizen is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 9 exchanges in multiple currencies. Horizen is an ecosystem that rewards contributors and empowers everyone. Its scalable platform allows businesses and developers to create public or private blockchains easily and affordably using the largest node network in the industry. The Sidechain SDK provides all the necessary components for quick deployment of a fully customizable blockchain. The native cryptocurrency, ZEN, is a mineable PoW coin traded on various exchanges, and integrated on major wallets including Sphere by Horizen, a multifunctional wallet that serves as an interface with most Horizen products and services.
AlgorithmEquihash
Coin TypeHorizen
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolZEN
Difficulty55.97 Million
RatingD+
Technology Adoption RatingC-
Market Performance RatingE+
NameZEN
Sponsoredfalse
Block Reward6.25
Asset Whitepaper UrlView
Block Time150
Is Tradingtrue
Algorithm Typeequihash
Asset Launch Date2016-11-06
Full NameHorizen (ZEN)
Asset Website Urlhttps://www.horizen.io/
Block Number1.67 Million
Platform Typeblockchain
Coin NameHorizen
Total Coins Mined15.7 Million
Horizen (ZEN) is traded on CRYPTO Exchanges. Horizen is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 3.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Horizen's market, we take the total number of its shares issued and multiply it by Horizen's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Horizen's Exchanges and Markets

HitBTC Coinbase BitMart Binance DigiFinex Bibox CoinEx LBank BigONE

Horizen Risk Profiles

Horizen Technical Analysis

When it comes to investing in cryptocurrency, such as Horizen, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Horizen, which is currently traded at 16.24, shows everything you need to know about Horizen market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Horizen, to determine its price movements. However, the Horizen's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Horizen's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Horizen's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Horizen Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Horizen price patterns.

Horizen Against Markets

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Horizen without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Horizen

You need to understand the risk of getting into digital currencies such as ZEN before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Horizen in four ways:

Buy ZEN through an exchange

Get yourself a crypto wallet before embarking on your Horizen journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Horizen. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Horizen through an exchange

You don't have to buy a full token when starting out since ZEN is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Horizen through a broker

If you don't want to store your Horizen Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ZEN through an exchange-traded fund (ETF)

You can also invest in ZEN through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Horizen in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether Horizen offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horizen Crypto.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Horizen. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Please note, there is a significant difference between Horizen's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Horizen value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Horizen's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.