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Cryptocurrency News Articles

Horizen (ZEN) and Conflux (CFX) Positioned to Achieve $1B Market Cap in 2025: Finbold

Dec 25, 2024 at 02:57 am

Horizen (ZEN) and Conflux (CFX) Positioned to Achieve $1B Market Cap in 2025: Finbold

As 2024 draws to a close, the cryptocurrency market presents a landscape of sharp volatility, offering both challenges and opportunities for traders and investors.

While the broader narrative is dominated by widespread selloffs and bearish sentiment, a few standout altcoins are defying the odds, gaining traction with fundamentals, upcoming upgrades, and growing community support.

These digital assets are positioning themselves for major market cap milestones as signs of market stabilization emerge.

Picks for you

Against this backdrop, Finbold has identified two cryptocurrencies, Horizen (ZEN) and Conflux (CFX), as top candidates to achieve a $1 billion market cap in 2025.

Horizen (ZEN) is gaining momentum as it positions itself to potentially hit a $1 billion market cap in 2025. Currently valued at $582 million, ZEN has surged 157% in the last week, with trading volume exceeding $320 million in 24 hours, according to CoinMarketCap data.

The spike follows Grayscale’s submission of an 8-K form to the SEC for its Horizen Trust, which privately issued 3.56 million shares linked to 304,034 ZEN tokens worth $4.71 million, signaling increased institutional interest.

The surge in price can also be attributed to several factors, including growing market confidence and an influx of investors looking to capitalize on the regulated investment vehicle.

Further fueling the bullish outlook, Horizen recently underwent its final halving in December 2024 and plans to transition from Proof of Work to Proof of Stake in 2025, increasing scarcity under its new tokenomics.

Amid a broader market recovery, ZEN has emerged as a standout performer. Analysts predict ZEN could reach $50 by March 2025, potentially propelling its market cap to $1 billion as adoption and demand grow.

Conflux (CFX) is also gaining traction as it inches closer to a $1 billion market cap, currently valued at $800 million. The token has recorded an 8.31% gain over the past 24 hours, supported by strong trading volumes of $53.67 million.

A significant 11.49% rise in open interest, now at $33.88 million, highlights growing investor activity and confidence in CFX’s future price movements. On Binance, long positions on CFX are dominating, with a long/short ratio exceeding 2:1, signaling bullish sentiment among traders.

With the broader market showing signs of recovery and increased demand for CFX, the token appears well-positioned to hit this milestone.

For investors and traders, both Horizen and Conflux offer compelling opportunities backed by fundamentals and bullish technical indicators.

Keeping a close eye on key price levels, trading volumes, and ecosystem developments will be crucial for capitalizing on their potential as these assets gear up for their next phase of growth.

Finbold presents the latest crypto price analysis, curated by a team of experienced traders and analysts, covering BTC, ETH, BNB, XRP, ADA, and other major digital assets.

The cryptocurrency market is displaying signs of recovery, with Bitcoin and Ethereum prices both rising over the past 24 hours. The broader market is also up, with most of the top 100 cryptocurrencies showing gains.

However, the market is still volatile, and traders are advised to exercise caution.

Here’s a closer look at the price analysis for March 1.

News source:finbold.com

Disclaimer:info@kdj.com

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Other articles published on Dec 25, 2024