Bitcoin, Ethereum, Solana, Shiba Inu, Dogecoin… Whether you closely follow cryptocurrencies or not, you’ve likely heard of these coins! Some cryptos like Bitcoin or Ethereum are giants that drive the entire market. Others like Dogecoin or Shiba Inu are mainly known for their aggressive marketing. Thinking of investing in crypto? These coins show some potential. However, their prices have already skyrocketed. Moreover, with their success, these coins face increasing competition.
What if the smart idea was instead to invest in a promising crypto that is still relatively unknown to the public? Thanks to its potential, this crypto could surge, and you could be among the lucky winners! But which promising coin should you invest in? By nature, these coins don’t get much attention. Luckily, this guide introduces you to the cryptocurrency Zeniq (ZENIQ). Discover below the main characteristics of Zeniq and decide if it’s worth investing in this crypto´s future.
Zeniq is a cryptocurrency that has its own blockchain. The symbol of the crypto associated with the blockchain is ZENIQ. This coin is very little known. It’s unsurprising that its market capitalization is “only” 2.5 million dollars when writing this note. In the crypto market, this level of capitalization is low. In fact, the Zeniq crypto ranks 3181st in the world!
On the Zeniq crypto website, the co-founder describes the project as the : “next generation of digital asset management.We live in a rapidly evolving era, and emerging technologies such as blockchain, tokenization, and cryptocurrencies are revolutionizing the global economy and our daily lives. ZENIQ provides its clients with comprehensive blockchain solutions built with robust security standards and a unique digital transaction system that seamlessly integrates with the current financial system. At ZENIQ, we democratize access to blockchain technology by creating groundbreaking products and offering developers the freedom to innovate and build projects on our decentralized blockchain.”
Zeniq positions itself in three high-growth sectors: Fintech, crypto, and remote work.
The Zeniq project dates back to 2018. It was indeed in 2018 that the concept was created following a market analysis. Then, the project continued its development year after year with the following major milestones:
The company responsible for developing the ZENIQ network bears the same name as the crypto. This firm is significant; it operates in over 100 countries and has important partnerships such as with OCS International Bank (which holds a portion of its funds in crypto) and… the Royal Family of Dubai Al Maktoum.
The price of the Zeniq crypto greatly benefited from the 2021 bull run with:
The Zeniq price in USD fluctuates based on market demand and supply dynamics, reflecting investor sentiment towards the project. Converting Zeniq to USD provides insights into its relative value in the global cryptocurrency market. The Zeniq price chart is influenced by various factors, including market sentiment, project developments, and broader economic trends. Therefore, understanding Zeniq´s value involves exploring its origin, technology, and market positioning in the cryptocurrency ecosystem.
The utility of the Zeniq crypto network is straightforward. The crypto aims to merge the traditional banking world with the crypto world. Zeniq tackles the accessibility issue of crypto. Indeed, even though crypto received significant attention in 2021 with the bull run, many are still hesitant to enter. Why?
The market is not yet democratized enough. To access crypto services, one needs to understand certain concepts that are not necessarily easy to grasp, such as blockchain, exchange, wallet, etc. Zeniq is designed to allow everyone to use crypto in a simple and secure manner. The crypto is, therefore, suitable for a beginner audience in crypto.
The Zeniq network comprises several products, such as :
Zeniq crypto provides staking options, allowing users to earn rewards by validating the network via master nodes. Staking Zeniq entails locking up ZENIQ tokens to bolster network security and operations while gaining extra tokens as incentives. Through the Zeniq exchange (Zeniq Swap), individuals holding ZENIQ coins receive rewards based on their coin holdings, earning a portion of the profits commensurate with their ZENIQ coin ownership.
Zeniq has its own blockchain. The Zeniq cryptocurrency operates on a unique model. On some cryptos, the creation of coins is generated through what is called mining. This is the case with Bitcoin, for example. Bitcoin validators (“miners”) receive new BTC coins for their work. However, mining requires significant computing resources.
On the Zeniq network, mining is a completely decentralized activity that is accessible to everyone. How? In fact, anyone can buy a master node, i.e., participate in network management. To become a master node, you must purchase Zeniq hub hardware. Depending on your budget, there are different hubs.
For example, if you don’t want to spend much, you can just buy a mini-hub. Of course, mini-hubs have reduced mining capabilities. It is also possible to join online mining pools. The sale of Zeniq hubs is highly successful, with over 100,000 devices distributed worldwide at present.
By using a Zeniq hub, you can earn ZENIQ coins every month. Like Bitcoin, the number of new coins miners earn is halved regularly. On the Zeniq network, it is halved every year. So, you don’t have time to waste if you want to get into Zeniq coin mining.
Once you earn ZENIQ coins, you have two options. On one hand, you can sell these coins. For now, the best way to do this is to use a decentralized exchange like Uniswap (see below). The other option is to hold the coins to take advantage of the potential increase in their value.
You might be wondering how to buy the Zeniq crypto (ZENIQ) at this stage. Indeed, buying cryptocurrencies involves quite specific channels. There’s no need to ask your banker to sell you cryptos. The most common (and probably the simplest) way to buy cryptos is to use a crypto platform, i.e., an online exchange platform.
There are two main categories of exchanges: centralized (CEX) or decentralized (DEX). Each type of platform has its own advantages and disadvantages. The choice often comes down to personal preference. However, in the case of Zeniq, the choice is more or less made for you.
PancakeSwap
Sign up now at this decentralized exchange, which supports tokens on the Binance Smart Chain.
PancakeSwap
Indeed, the ZENIQ crypto currently lacks visibility. With its low market capitalization, the crypto must make itself known and convince exchanges to add the token to their catalog.
When writing this guide, the token is only listed on two major exchanges: Uniswap and PancakeSwap. These two platforms are part of the decentralized exchange category. Getting started with decentralized exchanges is a bit more complex than with centralized platforms. However, buying Zeniq on these platforms is within the reach of all types of buyers, including crypto beginners.
Uniswap
Uniswap
Uniswap and PancakeSwap are quality platforms that offer a good level of security. So, they are trusted sites for buying Zeniq.
Before proceeding further, you should know that using a DEX (decentralized exchange) requires two prerequisites:
eToro
eToro
In conclusion, buying Zeniq crypto on a decentralized exchange is relatively simple. However, it is regrettable that Zeniq is only listed on DEXs for now. Indeed, the fact that a crypto is listed on a regulated CEX is generally considered a sign of trust. Furthermore, using CEXs is more affordable (perhaps less intimidating or frightening) for crypto beginners. For now, the absence of Zeniq on CEXs may hinder its development and adoption.
Now: 39 Fear
Now: 39 Fear
Yesterday: 40 Fear
Last Week: 39 Fear
The cryptocurrency Zeniq is still very little known. This plays in its favor, but also against it. On one hand, it’s an interesting crypto to invest in since its price hasn’t skyrocketed yet. Its market capitalization is still very low, so the network will likely grow in the years to come if the planned developments go well.
However, the crypto is starting from scratch. The Zeniq network is lagging behind in stock price with a market capitalization of around 2 million euros. Therefore, investors remain asking, “Will Zeniq go up? “. Zeniq crypto must show boldness and implement significant developments to earn an optimistic prediction from market experts.
If you aim for long-term gains, the mining solution with the Zeniq hub might interest you. By spending a little, you have the necessary equipment that allows you to earn dozens of ZENIQ coins every month.
The Zeniq network aims to democratize blockchain technology for the general public. To achieve this, the blockchain strives to make access to its services as easy as possible.
For instance, the company provides pre-configured hardware (called “hubs”) for participating in network management. By purchasing a hub, you can become a master node and earn dozens of ZENIQ coins monthly. This solution is appealing because it’s very affordable. Furthermore, by holding onto the earned coins, you could make a significant profit when the price of ZENIQ rises again.
The ease of mining using the Zeniq hub provides an accessible entry point for individuals interested in earning rewards through network participation. However, Zeniq faces challenges that may hinder its ability to compete in the crowded crypto market. Additionally, its absence from centralized exchanges limits its accessibility to a broader audience. Despite these hurdles, Zeniq’s ambitious roadmap and innovative approach position it as a promising contender in the evolving cryptocurrency landscape.
Zeniq is easy to understand with potentially high profitability in the future. What if Zeniq became one of the major cryptocurrencies soon?
