As 2024 ends, the cryptocurrency market remains highly volatile, offering both risks and opportunities for traders and investors.
Despite a generally bearish trend, a few altcoins like Horizen (ZEN) and Conflux (CFX) are gaining attention due to strong fundamentals, upcoming upgrades, and community support. These coins are positioning themselves to reach a $1 billion market cap in 2025, as signs of market recovery appear.
Horizen (ZEN)
Horizen, currently valued at $582 million, has seen a 157% price surge over the past week, with a 24-hour trading volume exceeding $320 million. This growth follows Grayscale's recent SEC filing for its Horizen Trust, which issued shares tied to ZEN tokens worth $4.71 million, signaling increased institutional interest.
Other key factors boosting ZEN's growth include:
Its final halving in December 2024, reducing token supply.
Plans to shift from Proof of Work to Proof of Stake in 2025, improving token scarcity.
Analysts predict ZEN could reach $50 by March 2025, potentially achieving a $1 billion market cap as adoption grows.
Conflux (CFX)
Conflux, valued at $800 million, has gained 8.31% in the past 24 hours, with strong trading volumes of $53.67 million. Investor confidence is growing, reflected in an 11.49% rise in open interest to $33.88 million and a bullish long/short ratio of 2:1 on Binance.
As the broader market recovers, demand for CFX continues to rise, positioning it well to reach the $1 billion milestone.
Key Takeaways
Horizen and Conflux present promising opportunities backed by strong fundamentals and positive technical indicators. Monitoring their price trends, trading volumes, and ecosystem developments will be crucial for those looking to benefit from
their growth potential.