Recently, there seems to be some momentum in the privacy sector, and it looks like funds from the U.S. are slowly starting to come back. It feels like the market is brewing a new narrative.
I heard that $ZEN was planning to migrate its main chain to @arbitrum or Base, and this time it has indeed been realized, directly moving the main chain to Base. This isn't just a simple chain expansion; it's an attempt to leverage Base's traffic and activity to elevate itself, which is quite a significant bet.
@horizenglobal is an established project that has been working on zero-knowledge since 2017, and now it's ramping up again, likely seizing the opportunity window for privacy compliance. Base is currently the hottest in the layer two space, so it makes sense for ZEN to ride this wave.
From a technical perspective, the trend looks quite healthy. During the pullback, the trading volume has noticeably shrunk. If the short-term moving averages hold up, the pressure zone above is around 12; if it breaks through, we might directly see 15 to 20.
These types of old projects being revitalized are somewhat like when obscure themes just start to take off. Right now, not many people are paying attention, making it easier to position oneself. Just keep an eye on it; you won't lose out.
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