ZEN (Horizen) rose 34.04% in 24 hours.

Gate News Bot message, on October 10, according to CoinMarketCap data, ZEN (Horizen) is currently priced at 15.61 USD, with a rise of 34.04% in the last 24 hours, reaching a high of 15.72 USD and a low of 8.74 USD. The 24-hour volume has reached 240 million USD. The current market capitalization is approximately 273 million USD, an increase of 69.3 million USD compared to yesterday. The market capitalization ranks 181st.

Horizen is an EVM-compatible blockchain focused on providing confidential, compliant trading and secure on-chain activities for individual traders and financial institutions. ZEN is the native token of Horizen, which has now been launched 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-mined supply, similar to Bitcoin's 21 million cap. It is currently supported by major centralized and decentralized exchanges, including certain CEX, Aerodrome, and Uniswap.

Important news about ZEN recently:

1️⃣ Horizen launches application chain on Base network Horizen announced the launch of its application chain on the Ethereum L2 scaling network Base, a move that will significantly enhance Horizen's scalability and interoperability. This strategic deployment is expected to attract more developers and users into the Horizen ecosystem, creating new application scenarios and market demand for the ZEN token, thereby driving its value rise.

2️⃣ ZEN token price shows strong pump momentum The ZEN token price has seen a significant rise of 34.04% in the past 24 hours, reaching a high of 15.72 USD. This strong performance reflects the market's positive expectations for the Horizen project, and may also attract more investors' attention, further driving the price up.

3️⃣ Horizen ecosystem continues to expand Horizen is actively expanding its applications in the field of privacy protection and decentralized finance (DeFi). With more privacy-protecting DeFi products based on Horizen being launched, the utility and market demand for ZEN tokens are expected to further rise, laying the foundation for its long-term value growth.

Technically, ZEN has broken through several short-term moving averages and is showing a strong upward momentum. On the fundamental side, Horizen's continuous innovation in privacy computing and blockchain interoperability provides solid support for ZEN's long-term development.

This message does not constitute investment advice; investors should be aware of market volatility risks.