ZEON price prediction: Turbulence for the payment token
After a bumpy 2021, ZEON is beginning to see a long-term bullish trend
ZEON has seen a volatile price history with the cryptocurrency experiencing large price fluctuations throughout its history. Yet it has managed to sustain its spot in the top three hundred tokens by market capitalisation.
Most forecasters expect it to now pursue steady growth. Yet, not all are optimistic about the payment cryptocurrency. But what does that mean for a ZEON Network price prediction? Let’s find out.
What is Zeon Network?
ZEON has created an ecosystem of different cryptocurrency products, including a secure wallet, digital asset loans and an interest-earning platform. According to its webpage on CoinMarketCap: “ZEON Network (ZEON) bills itself as a decentralised platform for financial services. It aims to offer Instant access to cash without selling.”
The crypto ecosystem has developed its own blockchain to realise these goals. It is currently in beta testing and uses a sharding consensus protocol to achieve a high-throughput.
But at the core of the project is a desire to bring cryptocurrencies into everyday life. It developed a payment provider to make a range of token payments, including through PayPal.
The ZEON wallet is then used to store these assets safely. Its website said that the “team guarantees our users the highest level of security”.
Yet most of the team have not publicly revealed their identities, including the founder. The only known staff member is Kirill Levin, who worked in technology and marketing, before leaving in 2019 and joining Binance.
The utility token
ZEON created its own token designed to power fast, anonymous and cheap transactions, which it is hoping will reach its payment provider mission. It is also used to pay nodes for running the blockchain and processing transactions or smart contracts.
Since launching in 2019, the token’s profits have been used to develop the ecosystem. This includes funding the blockchain, ecosystem products, marketing and security. The majority of the ZEON coins were sold before and during the initial coin offering, which finished in November 2018.
ZEON’s volatile Price history
ZEON’s past performance has not been an easy ride, the cryptocurrency has seen frequent market fluctuations. After being listed on CoinMarketCap with an opening price of $0.0013 on 15 March 2019, it saw an initial spike to $0.002 on 3 April, before soon crashing below its launch price.
The utility token’s next rally came a year later during spring 2020, which followed the BitMart exchange listing the cryptocurrency. ZEON reached a high of $0.002 on 8 April that year, but soon crashed back below $0.001.
The most significant rally from the utility token came on 9 May 2021 during a bullish market, where it rocketed to its all-time high of $0.006303. While there is no apparent reason behind this surge, Zeon did burn $1m worth of tokens in March that year.
The token was especially volatile for the rest of the year. It fluctuated between a highs of $0.004 and lows under its launch price.
However, it defied the wider bearish trends in 2022 and has seen a steady climb since April. ZEON has surged even more recently as it launched a cross-chain bridge between its Ethereum token and BEP-20 version.
As of 2 August 2022, ZEON was trading at $0.004 and was up 137% on the previous seven days.
ZEON token price prediction
After its recent surge, there are some optimistic ZEON coin price predictions. TechNewsLeader said it could reach a maximum price of $0.004 in a year and $0.011 in five years’ time. Its ZEON price prediction for 2030 suggested an ambitious value of $0.045.
Similarly, PricePrediction said it would have averaged $0.002 this year. Its ZEON price prediction for 2025 suggested a maximum price of $0.005. The token was forecast to have reached $0.029 in 2030 and $0.043 the year after.
DigitalCoinPrice was a little more reserved with its ZEON Network price prediction. The cryptocurrency was not expected to have surpassed $0.03 in the foreseeable future. It outlined that it might have achieved $0.011 in 2027 and $0.0217 in 2030.
On the other hand, WalletInvestor described the token as a “bad” long-term investment and its ZEON price prediction for 2022 suggested it will fall to $0.003 in a year. However, over the long run WalletInvestor expected to grow and reach $0.006 in five years’ time.
ZEON Network is creating an ecosystem of products that makes it more accessible to use crypto products and implement them in everyday life.
ZEON is currently only available on BitMart and Hotbit, according to CoinMarketCap.