Zilliqa is a public blockchain with no permissions that aims to provide high throughput by processing thousands of transactions per second.

Zilliqa is based on the sharding concept and promises to improve the scalability of cryptocurrency networks like Bitcoin and Ethereum. According to the white paper, transaction speeds would be 1,000 times faster than the Ethereum network. It uses the Sharding concept, which divides transactions into smaller chunks and distributes them among miners for parallel transactional verification. It’s a platform that’s decentralized, fast, and secure. Because Zilliqa has such a high throughput, you can focus on developing your ideas rather than worrying about network congestion, costly transaction costs, or security. Let us review the ZIL price

ZIL Price Prediction

ZIL Price

Bullish Scenario: The price of ZIL has dropped over 70% from its all-time high of $0.230 this year. This decline follows a 400% increase in late March. ZIL might retrace back to support levels $0.07. After retracements, if ZIL manages to break above the resistance level at $0.1 then it would be bullish. Breaking above the $0.13 price level with significant buying volume will lead to a move towards $0.16 and above.

Bearish Scenario: Since last month, the price of ZIL has been declining, although it has remained at the critical support level of $.07. On a shorter time scale, the price is still under bearish pressure. So far, we don’t have a significant short-term bullish leaning. If the $0.07 support level holds, the price will drop to $0.05, $0.03, and even lower.

Join us on Telegram to receive free trading signals.

For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.

Images courtesy of TradingView.


The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.