ZEN (Horizen) as Large-cap Coin is 84th in the 2100NEWS ranking. The quality of the order book of ZEN is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 14.7. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you coins that are worth keeping in mind.
ZEN has been launched in 20 exchanges. ZEN is a proof-of-work, equihash-based cryptocurrency and is available to mine.
ZEN as Large-cap Coin is 84th in 2100NEWS ranking (after Index Review of 22nd May 2020). It is an Index member: NWST1100, NWSL100, NWSCo100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 11.7 (Average for Large caps: 14.7)
Over the past week, the average market cap was $56.4 million, average daily volume was $3 million.
In this section, we will examine how the market, with price changes, evaluates project progress. It seems important to us if the project is outside of the usual tide of crypto project prices. In order to make an appropriate peer comparison, we gauged the ZEN (Horizen) coin with the 2100NEWS DA Coin Index (NWSCo100). Looking at the daily chart below, we see the ZEN vs. NWSCo100 at the top, the original ZEN price in the middle of the chart, and NWSCo100 and the correlation between ZEN and NWSCo100 at the bottom. On average (violet area chart), the relationship between ZEN and NWSCo100 has shown that it was weaker during the recovery rally in April. Over the last four months, NWSCo100 has outperformed it by 31%. However, if we compare the ZEN green area graph with the orange index area graph while observing the correlation graph, the correlation graph gives us an explanation that the correlation is strong (Pearson’s correlation coefficient = 0.87). ZEN was moving in the same direction as the NWSCo100 but grew more slowly in the recovery phase and fell behind the index. It terms of price changes, it was a good representative of the NWSCo100 index.
They have created a special website for those people who would like to learn all about blockchain. They also have a wiki page where you can find everything about Horizen. According to their roadmap, in 2020 they plan to launch the Sidechain Beta 2.0 for the official testnet. They are also working on the improvement of their other products. Community is also very important to them. They regularly post news on social media. They have 62.4K followers at Twitter.
In their store you can choose from a variety of products with their logo: T-shirts, caps, mugs and even pillows and much more.
About Horizen – what they do
Horizen is a blockchain platform with a leading-edge privacy technology that provides everyone with privacy and complete control of their digital footprint. The Horizen platform enables real-life uses beyond our currency including the ability to privately chat with other people. Soon, Horizen will enable you to publish information and go anywhere on the web, all with complete privacy.
Horizen’s current and planned products and services include:
- ZenNodes – Horizen has the largest node network in the industry with a multi-tiered node system.
- Sidechains – A generalizable model that allows you to build dApps and services on your own chain in any language and protocol
- Zendoo – language and consensus agnostic, fully decentralized sidechain protocol leveraging ZK-Snarks
- ZenDAO – Decentralized Autonomous Organization. A provably fair & sustainable governance model
- ZenChat – A secure messaging system. It can be used as a standalone app or embedded in a wallet
- Mine ZEN – Equihash based PoW cryptocurrency, with max supply of 21M
- Use ZEN – Optional privacy features allow ZEN users to take control of their digital footprint when purchasing goods or services
- ZEN Faucet – An easy and risk free way to join the Horizen ecosystem. Free ZEN everyday for everyone
- Academy – Created for the central purpose of sharing our knowledge and passion for blockchain technology and cryptocurrency with everyone – no matter their skill level
- Store – Shop your ZEN style with the Horizen Official merch store for fashion, home goods and more.
Insight is an open-source zen blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by zend RPC.
Sphere by Horizen is a multifunctional app that allows people to take control of their privacy and finances. It is a launching point for most Horizen services. Sphere combines flexible storage of your ZEN addresses, with a Horizen news feed, and convenient private messaging. The underlying privacy technology is zk-SNARKS.
Horizen is founded in 2017. Headquarter is in Delaware City, US. The core team consists of: Rob Viglione (team Lead), Rolf Versluis (Executive Advisor) and Alberto Garoffolo (Director of R&D).
Exchanges: Binance, BITEXBOOK, BitRabbit, Bittrex, BW.com, CoinDCX, CoinEx, COSS, DragonEX, Finexbox, Graviex, HitBTC, Huobi Global, Huobi Korea, OKEx, ProBit Exchange, Sistemkoin, TOKOK, VCC Exchange, ZBG.
You can follow them: Facebook Medium Twitter
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any coins ZEN.