$ZEN (often called Horizen) is a cryptocurrency originally known for privacy-focused transactions using advanced cryptographic protocols. In recent years, the project has shifted its positioning toward being a broader blockchain platform focusing on scalability, interoperability, and decentralized applications rather than pure privacy features. 
Fundamentals:
• It has a real blockchain ecosystem with developer tools and ecosystem growth plans, especially through its migration to the Base network (an EVM-compatible layer giving access to Ethereum tooling). 
• ZEN’s supply is capped at 21 million tokens, with around ~17.7 M in circulation, giving it a mid-tier market cap among cryptos. 
• Historically, the coin has endured significant price drawdown from all-time highs ($168) to current prices ($9-10), reflecting long periods of low volatility and market consolidation. 
Bullish Factors:
✅ EVM compatibility and Base ecosystem integration can boost developer interest. 
✅ DAO-led governance and ongoing tool support. 
Risks & Challenges:
⚠️ The pivot away from privacy might dampen interest from that original community. 
⚠️ Price remains far below previous cycle highs, suggesting market skepticism and potential low liquidity. 
⚠️ Crypto markets are highly volatile and speculative; this isn’t financial advice.
