Per our Horizon Protocol price forecast, the anticipated trajectory suggests a potential increase of $0.000859 within the next seven days, reaching a projected value of $0.017701 by October 12, 2023. For those seeking insights into the Horizon Protocol market’s future, including analysis and price predictions, understanding the potential direction of Horizon Protocol’s (HZN) price is likely of interest. Our price predictions leverage machine-based algorithms to anticipate forthcoming price movements, addressing whether Horizon Protocol (HZN) will regain its all-time high, the expected value of Horizon Protocol in the upcoming month, and whether the current period presents a favorable moment to acquire Horizon Protocol.
Additionally, we will delve into Horizon cryptocurrency price analysis to inform this forecast.
Horizon Protocol: An Overview
Horizon Protocol (HZN) Overview
🌕 Coin Name Horizon Protocol
💱 Symbol HZN
🏆 Rank 1,176
💲 Price (USD) $0.016842
📉 Price Change (1h) 0.01%
📉 Price Change (24h) 0.34%
🌕 All-Time High $1.62 98.95%
💵 Market Cap $1,729,220
🚀 24h Volume $40,359
💸 Circulating Supply 102,681,844
💰 Total Supply 226,936,737
What is Horizon Protocol (HZN)?
Horizon Protocol is a decentralized finance (DeFi) platform that facilitates the creation and trading of on-chain synthetic assets, digital representations of real-world economic assets with values derived from their underlying counterparts.
The platform’s objective is to expose real-world assets’ return profiles through smart contracts, essentially digital protocols operating on the blockchain. Horizon, derived from Synthetix, explicitly addresses challenges related to scalability and affordability within the DeFi space.
Users engaging with Horizon Protocol earn rewards for backing synthetic assets with stablecoins and contributing liquidity to replicate underlying assets’ prices, volatility, valuation, and returns. Moreover, Horizon functions as an asset verification protocol, allowing real-world asset validation and synthetic replication. The platform leverages market data, prices, and economic information to determine the pricing of synthetic assets.
The Horizon exchange, a vital platform component, strives to enhance accessibility to a diverse array of real-world assets and facilitate seamless trading between asset combinations. This exchange incorporates a suite of trading tools, including trade histories, limit orders, and charts for technical analysis.
HZN, the native token of Horizon Protocol, is crucial in incentivizing participants. It can be utilized as collateral for analyzing synthetic assets, managing the reward system, and supporting a decentralized autonomous organization (DAO) governing the protocol and future developments. Token holders who stake their HZN tokens in the liquidity pool receive rewards.
Staking HZN tokens grants holders the authority to participate in the voting process related to the protocol’s development and Horizon Improvement Proposals. Stakers oversee the protocol’s direction, functional improvements in exchanges (such as fees, rewards, and burn), and the management of liquidity pool farms, staking and liquidity pool rewards, as well as the collateralization ratio of zAssets, which are tradable synthetic assets on the platform.
Horizon Coin Price Forecast: Market Sentiments
Numerous cryptocurrency experts have shared their perspectives on Horizen price predictions. While some express optimism in their Horizen price forecasts, others are more cautious, refraining from offering overly optimistic predictions for Horizen Protocol (HZN).
“Based on our Horizen forecast, a long-term price rise is not expected; the future price prognosis for 2023 is $0.69. Your current investment may be devalued in the future.”
Wallet Investor
“Horizen price has been showing a rising tendency. Based on our technical analysis and Horizen (HZN) price prediction, the coin could be a profitable investment option and register a massive price increase this year. The HZN price might cross $44.57 by the end of next year.”
GOV Capital
Horizon Protocol Historical Price & Market Analysis
Horizon Protocol is currently valued at $0.016842 and holds the #1176 rank among all cryptocurrencies. The circulating supply of Horizon Protocol stands at 102,681,844, contributing to an overall market capitalization of $1,729,220.
Over the last 24 hours, Horizon Protocol has witnessed a slight decline of 0.34% in its price. The past week has been challenging for Horizon Protocol, with a decrease of 0.95%, signaling bearish trends. For potential investors contemplating Horizon Protocol, the current conditions may present an opportune moment for investment.
Examining the preceding 30 days, the price of HZN has diminished by 5.83%, marking a reduction of $0.001043 from its previous value of $0.017885. This ongoing downturn indicates that Horizon Protocol is currently in a dip. Furthermore, over the past three months, the price of Horizon Protocol has experienced a notable decrease of 26.01%, resulting in a deduction of $0.005921 from its former value of $0.022762.
Horizon Protocol Price Prediction
Navigating the volatile nature of the cryptocurrency market adds complexity to predicting future price points for Horizon Protocol. Multiple factors influence prices, making it crucial to cautiously approach predictions on our platform and conduct thorough individual research. Always consult with your financial advisor before making investment decisions.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2023 | $0.02021 | $0.025263 | $0.030316 |
| 2024 | $0.037052 | $0.042105 | $0.047157 |
| 2025 | $0.053894 | $0.058947 | $0.063999 |
| 2026 | $0.070736 | $0.075789 | $0.080841 |
| 2027 | $0.087578 | $0.092631 | $0.097683 |
| 2028 | $0.10442 | $0.109473 | $0.114525 |
| 2029 | $0.121262 | $0.126315 | $0.131367 |
| 2030 | $0.138104 | $0.143157 | $0.148209 |
| 2031 | $0.154946 | $0.159999 | $0.165051 |
Horizon token price projections:
2023: As we emerge from the crypto winter, a market recovery is anticipated for Horizon Protocol in 2023. Our algorithm projects a maximum price of $0.030316 a minimum of $0.02021, with an average hovering around $0.025263.
2024: Continuing to achieve new highs, Horizon Protocol could reach a maximum price of $0.047157 in 2024. The average price is expected to remain at $0.042105; in a bear market, the minimum projected cost is $0.037052.
2025: Anticipating significant growth as crypto gains recognition across sectors, Horizon Protocol’s price in 2025 could peak at $0.063999. The average is estimated at $0.058947, with a minimum of $0.053894.
2026: Capital growth in the crypto market might propel Horizon Protocol to a maximum price of $0.080841 in 2026, with an average of $0.075789. In the event of a sell-off, the projected minimum is $0.070736.
2027: With global adoption in mind, Horizon Protocol’s maximum price in 2027 is forecasted at $0.097683, averaging $0.092631. The minimum expected price for the same year is $0.087578.
2028: Continued adoption and increasing acceptance by regulators may see HZN reach a maximum price of $0.114525 in 2028. The average is projected at $0.109473, with a minimum of $0.10442.
2029: A significant bull run could occur in 2029, with Horizon Protocol reaching a maximum price of $0.131367. The average is expected to be $0.126315, and the minimum derived from technical analysis is $0.121262.
2030: Based on market sentiment, a continued rally is expected in 2030, with HZN potentially reaching $0.148209. Failing this support, an average of around $0.143157 and a bottom-out figure of $0.138104 are anticipated.
2031: A memorable year is forecasted for Horizon Protocol in 2031, where HZN is expected to reach a new all-time high of $0.165051. The new minimum price could be $0.154946, with a worst-case scenario ending 2031 at $0.159999.
FAQs
What is the current trading value of Horizon Protocol (HZN)?
Horizon Protocol (HZN) is currently traded at $0.016842, with an overall market capitalization of $1,729,220.
What is the anticipated Horizon Protocol (HZN) price for 2023?
In the upcoming year, the expected peak price for Horizon Protocol is $0.030316.
Is the present moment opportune for investing in Horizon Protocol (HZN)?
Recent trends over the past seven days have shown bearish indications, presenting a potential rebound in the coming week. Many investors may consider this downturn as a favorable window to acquire HZN.
Is Horizon Protocol (HZN) a prudent investment choice?
Current indications from our technical analysis suggest that Horizon Protocol holds promise as a wise investment option.
Is investing in Horizon Protocol (HZN) a strategic move?
According to our projections, Horizon Protocol appears to be a shrewd investment decision.
What is the future outlook for Horizon Protocol?
With robust fundamentals and considerable investor interest, the future for HZN appears promising.
To what extent can Horizon Protocol’s value rise?
Our Horizon price trends analysis suggests that the average price for Horizon Protocol may surpass $0.025263 within the current year. Over the next five years, the anticipated price of HZN could exceed $0.114525.
What is the expected value of Horizon Protocol in 2025?
Our forecast anticipates Horizon Protocol (HZN) reaching a value of $0.080841 by 2025.
What is the predicted worth of the Horizon Protocol in 2030?
Given Horizon Protocol’s potential amid the growing acceptance of cryptocurrency, our market analysis suggests that by 2030, HZN might achieve a new all-time high of $0.165051.
How much should I invest in Horizon Protocol?
While no specific investment amount is recommended, our advice is to invest only what you can afford to lose.
