Zilliqa (ZIL) Price Analysis: Zilliqa Looking Bullish on The Back of Big Announcements - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Zilliqa (ZIL) Price Analysis: Zilliqa Looking Bullish on The Back of Big Announcements

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Zilliqa (ZIL) Price Analysis: Zilliqa Looking Bullish on The Back of Big Announcements

Zilliqa (ZIL) has gained steadily in the past few days with the coin taking advantage of the latest developments within its platform. The coin announced some days back that it had successfully transferred funds from a Ledger Nano S to the Zilliqa testnet.

This news was received warmly by the crypto community as it takes Zilliqa a step closer to achieving Ledger support for its native token (ZIL).

There have been speculations about the recent rise in the coin with many attributing it to the positive movement of premier coin Bitcoin.  Bitcoin rise in the past two months has revived the market which was bearish for more than five months.

Zilliqa has also been one of the frontrunners in terms of technical developments within the blockchain ecosystem. this was highlighted in the recent Consensus 2019 meet where Investors were impressed with the number of solutions presented by developers on its blockchain.

Also READ  Few Days To Mainnet, Zilliqa (ZIL) Sees Opportunity To Link Up With SpaceX, Uber, AirBnb

Zilliqa Sharding technology has also seen increased attention towards the blockchain project as it has been hailed as the future of blockchain technology.  These developments have contributed to the recent rise in the value of the coin.

Zilliqa current price analysis

  • Zilliqa (ZIL) ranks 44 on the list of largest coins based on Market Cap
  • As at press time, the price of ZIL was $0.021848 USD
  • Total market value of ZIL is $189,803,627 USD
  • 24-hour trading volume is $123,664,637 USD
  • Total coins in circulation 8,687,360,058 ZIL

Zilliqa (ZIL) Price: weekly Comparison Statistics/Prediction

Zilliqa (ZIL) has experienced an increase in value in the past week with the coin trading at $0.019628 USD on 15-May-2019 with a market cap of $169 million.

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Its current market cap has increased by 8.39% compared to yesterday’s figures alongside the price of the coin. When compared to the price a week back, the current price of Zilliqa shows an increase of 11%.

Also READ  Zilliqa (ZIL) News: Zilliqa (Zil) Set To Launch Full Smart Contract Functionality Ahead Of Its 2nd Anniversary

This shows that the coin is making steady price gains if the current trend continues Zilliqa could hit the $0.03 mark by the end of the month.

 

 

Writer, editor and digital space observer with 5 years experience in the blockchain industry.

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