ZEN/USDT surged nearly 17% in 24 hours, and the price broke through $10, attracting a lot of attention for a while. From the data point of view, the trading volume has been enlarged, the technical indicators have strengthened for a short time, and the "positives" released by the project party - such as the so-called "Horizen L3 mainnet launch", "ERC-20 migration", "five-year developer incentive plan", etc., seem to be lively, but there is a familiar "rubbing" smell behind it.

Anyone with a discerning eye can see that ZEN's rise is not so much an explosion of its own value, but rather a rebound of ZEC (Zcash). ZEC itself is no longer the privacy leader of the year, and now it is more passively following the fluctuations of the market and gradually being marginalized by mainstream capital. As a token with limited influence in its ecosystem, ZEN lacks independent narrative and real use case support, and the so-called "privacy first" and "EVM compatibility" have not formed a real moat in the current highly competitive Layer market.

From a technical point of view, although EMA7 briefly crossed above, the overall is still under the suppression of the long-term moving average, although the trading volume has amplified but the follow-up is weak, and the MACD has only turned positive slightly - this is more like a rebound driven by short-term funds than a trend reversal. The so-called "optimism" in the community is often just a gust of FOMO (fear of missing out), and when the wind stops, the naked swimmers naturally appear.

ZEC itself is still struggling, why does ZEN continue to strengthen? This wave of rise is more like a well-designed shipment opportunity. If you are still confused by the superficial increase and the project's copywriting, you might as well think calmly: How far can a token that lacks independent value and is driven by popularity and news go? $ZEN ‌$ZEC ‌#十二月行情展望