Zeon price prediction: What is zeon?
14:44, 15 August 2022
It has been one of the high points in a low period for cryptocurrency, but what is zeon? Let’s see what we can explain, and take a look at some of the zeon price predictions that were out there on 15 August 2022.
One of the important things that cryptocurrency wants to do is, in effect, work in exactly the same way as regular, traditional, fiat currency. After all, it can be argued that there is no point in having money if there is no way to spend it. Anyway, one of the obstacles that cryptocurrency faces in its attempts to become more widespread is that of accessibility.
The ZEON Network set itself up as a one-stop shop for a range of cryptocurrency products, including a crypto wallet, a way to earn interest and digital loans. The idea is that, by creating an easy-to-use platform, more people will be able to access crypto and then use it in their daily lives. As the system’s whitepaper says: “We are developing the world’s first unique tool for safe and highly liquid trading on cryptocurrency exchanges.
“The ZEON Trading platform is a decentralised and automated trading application for cross-chain trading.
“The ZEON platform places its own balances of zeon tokens on cryptocurrency exchanges so that our users can receive an immediate ‘swap’ simultaneously on several exchanges.
“The ZEON Fond, which has a sufficient number of zeon tokens on its balance, distributes and maintains the balance among the cryptocurrency exchanges based on the daily turnover of a specific exchange.
“Users no longer have to risk their own funds by placing them directly on the exchange. Zeon trading users have a huge advantage by using zeon in trading.”
What is zeon?
Every blockchain-based platform needs to have its own native token, and the ZEON Network has the eponymously named zeon token. This crypto is used to pay people who operate the computers, or nodes, that help run the network.
It is also used to power the transactions on the platform, as well as being available to be bought, sold, or traded on crypto exchanges. People who send money using the ZEON Network are also eligible for rewards paid out in the zeon crypto.
The ZEON Network was first set up in 2018. Its creators have, perhaps in keeping with the idea of decentralisation that is crucial to both cryptocurrency and blockchain technology as a whole, remained anonymous. That said, one former employee, Kirill Levin, who worked in both the technology and marketing teams and wrote the whitepaper, has named himself. Levin, who now works for Binance, left the network in 2019.
The zeon cryptocurrency has been available on the open market since 2019 but, before that, there was an initial coin offering (ICO), which raised more than $11m by selling more than 22 billion tokens. It is worth noting here that zeon is based on the Ethereum blockchain, which means that it is a token, rather than a coin. While you might see references to such things as a zeon coin price prediction, those descriptions are, technically speaking, wrong.
Zeon price history
Caption: Zeon price history. Credit: CoinMarketCap
Now let’s cast our eyes over the zeon price history. While past performance should never be taken as an indicator of future results, knowing how the token has operated in the past can help us if we want to either interpret a zeon price prediction or else make one of our own.
When zeon first came out in March 2019, it was worth around $0.0013. Despite an initial rally to around $0.002, it fell down and, on 5 December 2019, it sank to its all-time low of $0.000005938.
Things did not really start to pick up again until early 2021. It was at this time, boosted in part by United States’ Covid-19 stimulus cheques making their way into the crypto sphere, that the market shot up and the rising tide raised zeon’s ship, with it reaching a periodic high of $0.006303 on 9 May.
After that, though, things fell down as the Great Crypto Day Crash of 19 May saw the market shrink and so did zeon’s price with the token operating at less than $0.001 for most of June. The end of that month saw a recovery and the token traded in a price band between $0.001 and $0.004 for much of the next couple of months, before a decline in September and October.
In late October and early November, a growing market, boosted by the news that bitcoin (BTC) had reached an all-time high, helped zeon break past $0.003, but things fell down again and it closed the year at $0.0006576.
Although most cryptocurrencies appear to have lost out significantly so far in 2022, zeon has been something of an exception to the rule. The token has enjoyed some consistent price growth, with things largely moving upwards since the start of April.
While the news of the depegging of the ust stablecoin and the collapse of the luna cryptocurrency did cause it to drop to a low of $0.0006413 on 12 May, there was recovery. It closed the month at $0.00219 and there was only a slight drop in June, despite the news that the Celsius Network’s crypto lending platform had cancelled withdrawals confirming the overall crypto bear market. Zeon finished the month at $0.002143.
It was in early August, though, that the token experienced a real boost, with the announcement that people would be able to transfer their assets between Ethereum and Binance Smart Chain causing the price to shoot up. It broke through the cent barrier to stand at an all-time high of $0.01999 on 3 August.
After that, there has been dropping back and, on 15 August, zeon was trading at around $0.007. At that time, there were about 30.53 zeon in circulation out of a total supply of 50 billion, according to CoinMarketCap. This gave the token a market cap of around $215m making it the 228th largest crypto by that metric.
It is also worth noting that zeon has risen by nearly 1,000% over the course of 2022, which is a strong performance, especially if compared to the overall crypto market’s value that has dropped by around 45% over the same time period.
Zeon price predictions
With that all over and done with, let’s take a look at some of the zeon price predictions that were being made as of 15 August 2022. It is important to remember that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, are very often wrong. Also, most long-term crypto price predictions are made using an algorithm, which can change at a moment’s notice.
First, Gov Capital made a zeon token price prediction that saw the crypto close 2022 potentially at $0.00729. By 15 August 2023, the site said it could be valued at $0.00987 and $0.0135 a year from then. The site offered a zeon price prediction for 2025 at the start of the year of $0.013, which could rise to $0.0174 on 15 August and close the year at $0.0173. By 15 August 2026, it suggested zeon could recover to $0.0222 and $0.0273 a year from then.
Next, TechNewsLeader has made a bearish zeon crypto price prediction in the short term. It said zeon could fall to $0.003 this year, but recover to $0.004 next year and $0.005 the year after that. By 2025, the site argued, zeon could trade at $0.007, before rising to $0.011 in 2026, $0.016 in 2027 and $0.022 in 2028. The forecast was for the token to close the decade at around $0.032 in 2029. It went on to make a zeon price prediction for 2030, suggesting it could reach $0.045 and $0.065 the following year.
Meanwhile, DigitalCoinPrice had a zeon price prediction for 2022 of around $0.00897, which could rise to $0.0106 in 2023 and $0.014 in 2025. In 2026, though, the token was forecast to fall to $0.0126 before potentially recovering to $0.0146 in 2027. By 2028, zeon could be possibly worth $0.0234, before achieving $0.0286 in 2029 and starting a new decade at around $0.0387. By 2031, the site said, zeon could trade at around $0.0366.
Finally, WalletInvestor was also a source of cautious optimism in terms of its zeon price prediction. The site suggested the token could be worth $0.00791 in August 2023 before going up to $0.0117 in five years’ time.
When considering a zeon token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.
FAQs
How many zeon are there?
On 15 August 2022, there were about 30.53 zeon in circulation out of a total supply of 50 billion.
Is zeon a good investment?
The ZEON Network aims to be a platform that can make crypto more accessible. It is worth noting here that it is not the only such system to have similar aims, so it will be interesting to see what zeon can do to boost its profile.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the zeon token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Will zeon go up?
While zeon has dropped, at the time of writing, from the highs it enjoyed about two weeks before, it is still in a relatively strong place. However, we do not know how long its current position will hold.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether zeon is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in zeon?
Whether you should invest in zeon is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up
Markets in this article
Related topics
