Unizen's price action this year has been a cause for concern as it has not shown any significant strength compared to other coins in the market this year and it has majorly underperformed the market. This lack of price performance could be attributed to the project's limited awareness and community engagement, which hampers its ability to rally and gain any momentum. When analyzing the chart for ZCX, I currently see two possible scenarios to consider. One is that it may be in a large accumulation phase having gone very sideways for prolonged period of time, while the other is that it could be in a redistribution phase before experiencing another significant decline. The outcome will likely depend on what Bitcoin wants to do for the rest of this year.
Given the uncertainty surrounding Unizen's price action and its relative weakness compared to the rest of the market, it personally does not instil the confidence needed for me to pull trigger at this time to buy a big bag. However, I must give a shout out to Unizen's platform and its recent upgrade, which has received positive feedback. And for those interested in potentially acquiring a bit of ZCX, a useful tip I can give would be to utilize the benefits of staking it on the 'Unizen Earn' platform. This staking system offers amazing advantages such as no lock-in periods, the ability to earn rewards in multiple cryptos, and additional benefits like exposure to emerging projects and joint marketing ventures. With these features, Unizen's staking system stands out as one my favourites currently on the market.
The trigger is not being pulled just yet as I want a bit more clarity on the chart but it is definitely a coin I have on my watchlist. If clarity turns out to be positive over the coming months I will change my rating to 4*. Show Less
