Convert between ZEN and US dollars at the live rate.
$165.92
−97.52% from current
$3.26
+26.38% from current
Independent editorial ranking. Score is 0–10 across six criteria: Security, Fees, UX, Features, Support, Reputation.
US and EU users who prioritise a spotless security record — no major hack since 2011 — and want a serious pro-grade trading terminal.
Institutions and funds requiring an SEC-registered venue with segregated qualified custody and audited on-chain reserves.
Active spot traders chasing the deepest global liquidity and the widest listing catalogue outside the US perimeter.
Traders who mix spot and on-chain — the Web3 wallet, DEX aggregator and Ethereum L2 X Layer sit inside the same account as CEX pairs.
Long-horizon EU holders who want the oldest continuously-operating exchange (2011) with conservative listings and full MiCA licensing.
Derivatives-first traders who want tighter perp funding and a maker-friendly fee schedule; accept offshore regulatory footprint.
Top coins in the same category, ordered by market cap.
Horizen is a privacy-focused blockchain platform that combines zero-knowledge proof technology with a sidechain infrastructure called Zendoo. The project launched in 2017 as ZenCash, a fork of ZClassic (itself a fork of Zcash), before rebranding to Horizen in 2018. The ZEN coin funds the network through a treasury model that allocates mining rewards to the main chain, node operators, and a community development fund.
Horizen 2.0, announced in 2023, repositioned the project as an EVM-compatible zero-knowledge network targeting enterprise and DeFi deployments. The upgrade aims to bring Horizen into the broader Ethereum ecosystem while preserving the privacy toolkit that differentiates it from general-purpose L1s.
ZEN/USD trades on Binance, Kraken, KuCoin, Gate.io, and several mid-tier exchanges. The price on this page refreshes every 60 seconds from aggregated order-book data.
Key drivers of the ZEN price:
Live data above is the source of truth. Analysis below uses the levels visible at page load.
Zendoo is the defining technical feature of Horizen. It lets developers deploy fully customizable blockchains as sidechains that communicate with the Horizen mainchain through cross-chain transfer protocols. Unlike most sidechain designs that rely on a trusted federation to relay proofs, Zendoo uses SNARK proofs to verify sidechain state transitions on the mainchain without requiring the mainchain to understand the sidechain rules.
Horizen 2.0 extends this model with EVM compatibility, enabling Solidity smart contracts to run on Horizen-connected sidechains and share liquidity with Ethereum-based protocols.
Privacy in Horizen derives from its Zcash lineage. The protocol supports both transparent addresses (t-addresses) and shielded addresses (z-addresses) using zk-SNARK proofs. Shielded transactions on Horizen conceal sender, receiver, and amount. As with Zcash, transparent transactions remain the more common on-chain path because shielded transactions are computationally heavier.
ZEN has a fixed maximum supply of 21 million coins, mirroring Bitcoin. Block rewards are split three ways: 60% to miners, 20% to Secure Node operators, and 20% to the Horizen treasury and Super Node operators. This distribution is unusual among PoW coins and was designed to sustain a large node network that enhances privacy by routing transactions through multiple hops.
Secure Nodes must stake a minimum of 42 ZEN and maintain uptime standards. Super Nodes require 500 ZEN and provide additional network infrastructure. The node network numbered over 30,000 nodes at its peak, one of the largest per-unit-of-market-cap node networks in crypto.
Horizen began as a Zcash fork and shares much of its privacy cryptography, but the two projects have diverged significantly. See the Zcash page for a full comparison. The headline differences:
ZEN is available on several major exchanges without the delisting pressure that affects Monero. A standard purchase path:
For longer-term price scenarios, see our Horizen price forecast.
ZEN carries several risks beyond standard cryptocurrency volatility.
For comparison with another privacy-focused asset, see our Monero page.
This page is information, not financial advice. Verify legality and consult a licensed professional before investing.
Analysis last updated:
Horizen (ZEN) trades at $4.12 with a 24-hour volume of $5.53M and a market capitalization of $75.14M. The asset is currently ranked #312 among all tracked cryptocurrencies.
In the last 24 hours, the ZEN price has risen +0.43%. On a seven-day window, Horizen has retraced +1.31%, showing mixed signals between the short and medium term. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
Horizen's all-time high of $165.92 was set on May 8, 2021. The current price sits +97.52% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
Buying Horizen (ZEN) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
You can also use the Horizen converter above to estimate how much ZEN you would get for a given dollar amount before placing the order.
Whether Horizen is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, ZEN carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
