Zilliqa is a permissionless, public blockchain that aims to provide fast throughput by processing thousands of transactions per second.
Zilliqa is primarily built on the notion of sharding and aims to improve the scalability of cryptocurrency networks such as Bitcoin and Ethereum. The transaction speed would be a thousand times faster than the Ethereum network, according to the white paper. It employs the Sharding idea, in which transactions are broken into smaller pieces and distributed among miners for parallel transactional verification. It is a decentralized, quick, and secure platform. Because of Zilliqa’s high throughput, you can concentrate on creating your ideas rather than worrying about network congestion, excessive transaction fees, or security. Let us review the ZIL price
ZIL Price Prediction
Bullish Scenario: ZIL might retrace back to support levels $0.10 since it has gained 400+% in price since last few months. After retracements, if ZIL manages to break above the resistance level at $0.14 then it would be bullish. Breaking above the $0.17 price level with significant buying volume will lead to a move towards $0.20 and above.
Bearish Scenario: ZIL has been in an uptrend since the last few months so we don’t have a strong bearish bias for mid-term yet. However, If the support level $0.08 doesn’t hold then it will drop further towards $0.05 and below sooner or later.
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