Horizen Price
ZEN · #237 by market cap
-2.09% 1h -0.11% 7d +54.43% 30d +21.13% 1y
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Price data via CoinGecko API, refreshed every 60 seconds. Historical chart data daily-refreshed. See our methodology. Data & methodology reviewed by Maya Lin, Markets Editor · last editorial review Oct 2026.
Horizen — key takeaways
- Horizen (ZEN) trades at $7.17 and ranks #237 by market capitalisation, with a market cap of $131.92M.
- It is trading 95.7% below its all-time high of $165.92 set in May 2021, and 120% above its all-time low.
- ZEN is +54.43% over 30 days and +21.13% over the past year.
- Roughly 88% of the capped 21,000,000 ZEN maximum supply is now in circulation.
- 24-hour volume of $19.81M equals 15.0% of market cap — a high liquidity profile, supporting active two-way trading.
- Sector: Smart Contract Platform, Zero Knowledge (ZK), Base Ecosystem.
At-a-glance summary generated from live market data. Figures update each refresh cycle; not investment advice.
What’s moving Horizen
Horizen (ZEN) is trading at $7.17, -0.11%% over the past week and +54.43%% over the month, as of Oct 13, 2026. Below is the latest reporting and analysis on Horizen from the DMC News desk.
→ Horizen price prediction: 2026, 2027, 2030 & 2035 scenarios
All Horizen news & analysis from our desk →
ZEN weekly price chart (1 year)
+9.3% 1YEach candle is one week. The body spans the week's open and close (green when it closed higher, red when lower); the wick marks the weekly high and low. Data is real weekly OHLC from Binance (ZEN/USDT), with weekly USD volume below.
Horizen price prediction 2026–2035
Model-basedOur quantitative model projects Horizen (ZEN) price scenarios from its 114.2% annualised volatility and an upward 21% trailing 12-month trend, with expected returns decaying toward a long-run baseline as the asset matures. At today's price of $7.17, the base case points to roughly $7.40 by end of 2026 and $19.91 by 2035 (a bull case near $41.07, a bear case near $6.37).
| Year | Bear | Base | Bull | Base ROI |
|---|---|---|---|---|
| 2026 | $5.76 | $7.40 | $9.98 | +3% |
| 2027 | $4.07 | $8.56 | $15.57 | +19% |
| 2028 | $3.42 | $9.76 | $20.12 | +36% |
| 2029 | $3.52 | $11.01 | $22.71 | +54% |
| 2030 | $3.94 | $12.32 | $25.41 | +72% |
| 2035 | $6.37 | $19.91 | $41.07 | +178% |
A prolonged risk-off market, weaker liquidity or coin-specific setbacks could press ZEN toward $6.37 by 2035. Drawdowns of 50–80% are historically normal for crypto assets.
Steady adoption in line with the broader market puts ZEN near $19.91 by 2035 — about +178% versus today.
A strong cycle, accelerating demand or a structural catalyst could lift ZEN toward $41.07 by 2035, which would require reclaiming and exceeding its prior all-time high.
How this forecast is calculated
The projection is generated algorithmically from Horizen's own price history — there is no human price target. We measure realised volatility from up to a year of the asset's own price history (daily where available, otherwise weekly) and anchor a base annual growth rate to recent momentum, then decay that rate toward a conservative long-run baseline (compounding compresses as an asset matures). Bear and bull bands widen with volatility scaled by the square root of the horizon, and the bear case is floored to remain realistic. Outputs are rounded scenario estimates, not guarantees.
Not financial advice. Cryptocurrency is highly volatile and these model-based scenarios can be wrong by a wide margin. Do your own research.
Horizen price returns & market statistics
Horizen (ZEN) trades at $7.17, ranked #237 by market capitalisation. The tables below summarise its performance across timeframes and its core supply and valuation metrics.
| Period | Change |
|---|---|
| 1 hour | -2.1% |
| 24 hours | +0.2% |
| 7 days | -0.1% |
| 30 days | +54.4% |
| 1 year | +21.1% |
| From all-time high | -95.7% |
| From all-time low | +119.8% |
| Market cap | $131.92M #237 |
| Fully diluted valuation | $160.73M |
| 24h trading volume | $19.81M |
| Volume / market cap | 15.0% |
| Market dominance | 0.00% |
| Circulating supply | 18.41M ZEN 88% |
| Total supply | 21.00M ZEN |
| Max supply | 21.00M ZEN |
| All-time high | $165.92 May 7, 2021 |
| All-time low | $3.26 Oct 16, 2019 |
Understanding Horizen
What is Horizen (ZEN)?
Horizen (ZEN) is a layer-1 smart-contract platform — a base blockchain on which developers build decentralised applications and tokens. The native asset is used to pay transaction fees and, in most designs, to secure the network through staking. As of October 2026, Horizen is the #237 cryptocurrency by market capitalisation, trading near $7.17.
How does Horizen work?
The network reaches consensus on the order of transactions (commonly via proof-of-stake), executes smart contracts in its virtual machine, and charges fees in the native token. Validators stake the token to participate, earning rewards for securing the chain.
What drives the Horizen price?
Horizen's price reflects the balance of supply and demand. With a capped maximum supply of 21.00M ZEN (88% already circulating), scarcity is a structural part of the story — fresh demand has to compete for a limited float. On the demand side, the main forces are the broader crypto market cycle (assets tend to rise and fall together with Bitcoin and overall liquidity), real usage and adoption of the network, macro conditions such as interest rates and risk appetite, and project-specific catalysts like upgrades, listings, partnerships or regulation. At roughly 96% below its all-time high, a meaningful part of any bull case is simply recovering ground already proven possible.
Is Horizen a good investment in 2026?
There is no one-size-fits-all answer. Horizen offers exposure to a specific corner of the crypto market with its own adoption thesis, but every cryptocurrency carries real risk: prices are highly volatile, drawdowns of 50–80% are historically normal, and outcomes depend on execution, competition and an evolving regulatory landscape. A reasonable approach is to size any position to what you can afford to lose, treat the model-based scenarios above as illustrations rather than promises, and weigh Horizen's fundamentals against alternatives. This is information, not financial advice.
Sentiment & community signals
Daily refresh · CoinGeckoSentiment votes are crowd-sourced and may not reflect actual price movements. Community and dev metrics indicate ecosystem health, not investment quality.
ROI calculator
Hypothetical · educational onlyCalculations use historical end-of-day prices. Past performance is not indicative of future results. Cryptocurrency investments carry significant risk.
Where to trade Horizen
10 exchanges · sorted by volume| # | Exchange | Pair | Price | |
|---|---|---|---|---|
| 1 | Binance | ZEN/USDT | $6.31 | Trade ↗ |
| 2 | HTX | ZEN/USDT | $6.26 | Trade ↗ |
| 3 | Aerodrome SlipStream | 0XF43EB8DE897FBC7F2502483B2BEF7BB9EA179229/0X4200000000000000000000000000000000000006 | $6.31 | Trade ↗ |
| 4 | WhiteBIT | ZEN/USDT | $6.30 | Trade ↗ |
| 5 | Aerodrome SlipStream | 0XF43EB8DE897FBC7F2502483B2BEF7BB9EA179229/0XCBB7C0000AB88B473B1F5AFD9EF808440EED33BF | $6.31 | Trade ↗ |
| 6 | Binance | ZEN/USDC | $6.31 | Trade ↗ |
| 7 | Hotcoin | ZEN/USDT | $6.31 | Trade ↗ |
| 8 | Pionex | ZEN/USDT | $6.31 | Trade ↗ |
| 9 | Coinbase Exchange | ZEN/USD | $6.31 | Trade ↗ |
| 10 | BigONE | ZEN/USDT | $6.30 | Trade ↗ |
Trust score reflects exchange liquidity, age, and order book depth (CoinGecko methodology). External links are not endorsements — always verify the exchange in your jurisdiction.
Other smart contract platform coins
Top 9 by market cap
BTC
Bitcoin
#1
ETH
Ethereum
#2
BNB
BNB
#4
XRP
XRP
#5
SOL
Solana
#7
TRX
TRON
#8
ZEC
Zcash
#10
HYPE
Hyperliquid
#11
DOGE
Dogecoin
#12
Live market data, refreshed continuously. Click any coin to view its full profile.
Compared to peers
Normalised · max = 100
Horizen
ZEN
Bitcoin
BTC
Ethereum
ETH
Each axis is scaled to the largest value across the compared coins (= 100). Larger polygons indicate higher overall metrics. "Stability" is the inverse of 30-day volatility.
Tokenomics & supply
Max supply: 21,000,000 ZEN- Circulating 18,406,456 ZEN 87.6%
- Issued but locked 2,593,544 ZEN 12.4%
Capped supply — no further issuance possible above 21,000,000 ZEN.
Horizen price analysis
At $7.17, Horizen (ZEN) is currently deep in a drawdown from its all-time high. That is 95.7% below the record high of $165.92, and roughly 120% above the all-time low of $3.26.
Momentum-wise, ZEN has advanced strongly over the past month (-0.11% (7d), +54.43% (30d), +21.13% (1y)). With 24-hour volume at 15.0% of market cap, turnover is high, signalling active two-way trading. Crypto prices are highly volatile; these readings describe recent history, not a forecast.
What drives the price of Horizen?
As a smart-contract platform, demand for ZEN is tied to on-chain activity — transaction fees, the number and quality of applications, total value locked (TVL), and developer adoption. Network upgrades and competition from rival chains are key swing factors.
Because the supply of Horizen is hard-capped at 21,000,000 ZEN, the scarcity narrative — fewer new tokens entering circulation over time — is a core part of its investment thesis.
Like nearly all crypto assets, ZEN also trades with a strong correlation to Bitcoin and to overall risk appetite. Macro liquidity, US-dollar strength, interest-rate expectations, regulatory headlines and new exchange listings can all move the price independently of project fundamentals.
Risks & considerations
- High volatility. Horizen can gain or lose a large share of its value in a short time. Over the past year alone ZEN has moved about 21%.
- Regulatory uncertainty. Crypto rules differ by jurisdiction and continue to evolve, which can affect availability, liquidity and price.
- Competition & execution risk. The smart-contract sector is crowded; networks face security, scaling and competitive pressure that can erode market share.
- Liquidity & concentration. Thinner markets and concentrated holdings can amplify price swings and make large positions hard to exit.
- Not advice. Only allocate capital you can afford to lose, and consider consulting a licensed financial adviser. Nothing on this page is personalised investment advice.
About Horizen
What is the project about?
Read full description ↓
Horizen is a modular privacy-first platform designed to make privacy technology, such as zero-knowledge proofs and TEEs accessible and usable across the web. Originally launched in 2017 as a fair launch, non-ICO project, Horizen is now undergoing a major evolution with the launch of Horizen 2.0, a next-generation Layer 3 (L3) appchain deployed on Base, the Ethereum Layer 2 developed by Coinbase.
Horizen 2.0 is built as an Ethereum-aligned Layer 3 appchain on Base, inheriting Ethereum's security while implementing its own application-level integrity guarantees.
Key components of Horizen’s security model include:
Ethereum-Aligned Security: As an appchain deployed on Base, Horizen 2.0 benefits from Base’s rollup security and settlement on Ethereum, ensuring robust finality and composability with other L2 and L3 applications.
Simplified and Secure Architecture: Unlike Horizen’s previous iterations (which used a hybrid PoW/PoS model), Horizen 2.0 focuses on application-level security, decentralization of its privacy layers, and composability with existing infrastructure — reducing complexity and increasing user safety.
Decentralized Privacy Stack: Horizen’s focus on decentralizing privacy infrastructure (e.g., decentralized proof generation) allows for modular, secure applications that uphold data confidentiality without compromising performance.
What makes your project unique?
Privacy-first Approach: Horizen integrates a diverse stack of privacy-enhancing technologies (PETs) — including zero-knowledge proofs (ZKPs), trusted execution environments (TEEs), attribute-based encryption (ABE), multi-party computation (MPC), and fully homomorphic encryption (FHE) — to deliver scalable, flexible, and future-ready privacy solutions across its platform.
First Privacy Appchain on Base: As an L3 on Base, Horizen benefits from Ethereum’s security and Base’s scalability, while enabling a privacy layer for any app on the network. This unlocks new possibilities for private identity, DeFi, onchain gaming, and compliant confidential transactions.
Zero-Knowledge, Without the Trade-Offs: Horizen 2.0 scales ZK privacy and verification by integrating with leading zk infrastructure providers such as Fermah, zkVerify, and Singularity, optimizing proof generation for performance, cost-efficiency, and developer usability.
Token Utility Expansion: ZEN’s updated tokenomics allocates 5 million unminted tokens toward strategic ecosystem growth. ZEN powers DAO governance, serves as a payment token in privacy apps, and supports a sustainability fund to accelerate privacy innovation.
Developer-Centric Design: With EVM compatibility, privacy-friendly tooling, and the ability to embed privacy directly into smart contracts, Horizen allows developers to build privacy-first apps without requiring deep cryptographic expertise.
DAO-Led Governance: Governed by the Horizen DAO and shaped through community proposals (ZENIPs), Horizen is evolving as a fully decentralized protocol with transparent development and decision-making.
What can your coin/token be used for?
Horizen 2.0 delivers performance, privacy, and scalability for developers building privacy-enabled and compliance-friendly applications, with significantly reduced cost and latency.
At the core of the ecosystem is ZEN, the native utility token used for governance, accessing privacy services, and fueling zkApp interactions. With its migration to Base, ZEN becomes an ERC-20 token, improving liquidity, interoperability, and composability across the broader Ethereum ecosystem.
Frequently asked questions about Horizen
What is Horizen (ZEN)?
Horizen (ZEN) is a cryptocurrency listed on global exchanges and tracked across major data providers. It currently ranks #237 among all cryptocurrencies by total market value. It belongs to the Smart Contract Platform and Zero Knowledge (ZK) category. Live price, market cap, trading volume, and historical performance are displayed on this page and refreshed continuously.
How does Horizen work?
Horizen secures its blockchain through Equihash-based consensus. Network participants validate transactions and produce new blocks according to protocol rules. Block production, transaction fees, and token issuance follow a deterministic schedule defined in the underlying codebase.
How much Horizen is in circulation?
There are currently 18,406,456 ZEN in circulation out of a maximum supply of 21,000,000, meaning approximately 87.6% of the total ZEN that will ever exist has been issued. New tokens enter circulation through the protocol's pre-defined emission schedule.
What is the all-time high price of Horizen?
Horizen reached an all-time high of $165.92 on May 7, 2021. Currently the price sits 95.7% below this peak. All-time highs are useful benchmarks for assessing the asset's historical price range, but past performance does not predict future results.
How can I buy Horizen?
Horizen (ZEN) is traded on most major cryptocurrency exchanges, including Binance, Coinbase, Kraken, OKX, Bybit, and Bitstamp. Availability depends on your jurisdiction and the exchange's listings. After purchase, many users transfer their ZEN to a self-custody wallet for long-term storage. This information is educational and does not constitute investment advice.
Is Horizen a good investment?
Cryptocurrencies, including Horizen, are highly volatile and carry significant risk of loss. Over the past year, ZEN has gained approximately 21.1% of its value. Whether Horizen is appropriate for a given portfolio depends on the investor's individual risk tolerance, time horizon, and financial situation. Always research the project's fundamentals, understand the risks, and only allocate capital you can afford to lose. This page provides market data only, not personalised investment advice. Consider consulting a licensed financial advisor before making investment decisions.
How is Horizen different from Bitcoin?
Bitcoin (BTC) was the first cryptocurrency, designed primarily as a digital store of value and peer-to-peer payment network with a fixed supply of 21 million coins. Horizen (ZEN) focuses on smart contract platform use cases, with a different technical design, supply schedule, and ecosystem. Bitcoin derives its value primarily from scarcity, security, and brand recognition, while Horizen's value is tied to adoption within its specific use case and underlying network effects.
What is the market cap of Horizen?
Horizen (ZEN) has a market capitalisation of approximately $131.92M, which ranks it #237 among all cryptocurrencies. Market cap is calculated as the circulating supply multiplied by the current price and is the most common way to compare the relative size of cryptocurrencies. It updates continuously as the price moves.
What determines the price of Horizen?
The price of Horizen (ZEN) is set continuously by supply and demand across global exchanges. The main factors are its circulating and maximum supply, trading volume and liquidity, overall crypto-market sentiment, its correlation with Bitcoin, regulatory developments, and real adoption of the underlying network. Because the market trades 24 hours a day, the price can change at any moment.
What is the Horizen price prediction?
No one can reliably predict the future price of Horizen or any cryptocurrency. Where sufficient history is available, this page shows a model-based forecast range derived from historical volatility and trend — it should be read as a scenario illustration, not a target or a promise. Crypto prices are highly volatile and shaped by events no model can foresee, so always do your own research and never invest more than you can afford to lose.
Is Horizen safe?
"Safe" depends on two separate things: how you hold Horizen (ZEN), and price risk. For custody, use reputable exchanges and consider a self-custody hardware wallet for larger amounts, and never share your private keys or seed phrase. For price, every cryptocurrency is volatile and can lose value quickly, so only commit capital you can afford to lose. Being listed on major exchanges is not an endorsement or a guarantee against loss.
Can I stake Horizen?
Horizen uses a Proof-of-Work design, so it cannot be "staked" natively the way Proof-of-Stake coins can. Some exchanges offer lending or "earn" products on ZEN, but those carry counterparty risk and are different from protocol-level staking.
Latest project announcements
-
software_release · Nov 5, 2021
Users or ZEN nodes are advised to upgrade to Version 2.0.24 and discontinue use of older versions: https://blog.horizen.io/mandatory-software-upgrade-zen-2-0-24-coming-soon/
— BD Manager
-
general · Jan 26, 2021
The Secure Node Tracking Servers will be updated on Friday, January 29th. NO ACTION NEEDED BY NODE OPERATORS. The maintenance will start at about 5:00pm UTC and may last 8 or more hours. https://twitter.com/horizenglobal/status/1353784249451593728
— BD Manager
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exchange_listing · Jan 26, 2021
Launch of ZEN Isolated Margin Trading on Huobi Global: http://bit.ly/3iL5pcn
— BD Manager
-
exchange_listing · Jan 25, 2021
ZEN/USDT Spot Trading will be available on Huobi Global at 17:00 on January 25th, 2021 (UTC+8). Direct link to trading pair: https://support.hbfile.net/hc/en-us/articles/900005204503
— BD Manager
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exchange_listing · Jan 25, 2021
Horizen (ZEN) got listed on Digifinex and Hotbit exchanges!
— BD Manager