Crypto

Zilliqa (ZIL) Price Prediction as Crypto Market Bounces

01/09/2023
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As we enter 2023, Zilliqa has started off strong, closing six consecutive green daily candles for an impressive 10.93% jump while retesting the 20-day EMA. ZIL hasn’t stopped there, however. Yesterday saw a 24.15% surge that demolished both the 20-day and 50-day EMAs. Today, prices have continued to climb with another impressive 18.67% rise thus far as of writing. What’s next for ZIL and how high can ZIL’s price go? This Zilliqa price prediction will give you the low down on where this crypto sits in the current market.

ZIL Price Prediction and Technical Analysis

Zilliqa / ZIL price prediction chart

Exponential Moving Average (EMA)

Current trends suggest a bullish sentiment across the short, medium, and long-term. For this to be reinforced further, the 20 day, 50 day, and 100 day EMAs must arrange themselves in ascending order; the shorter duration of EMA should be above its longer-term counterparts.

Relative Strength Index (RSI): ZIL price prediction

The RSI is currently in oversold territory at 80.44. With the cryptocurrency moving parabolic for the past two days, traders must anticipate a possible retracement and a consolidation before moving up further.

Moving Average Convergence Divergence (MACD)

The MACD is in a bullish crossover position with the MACD line breaking out from the zero line due to the recent strong upward trend. Observing the histogram reveals that the MACD is healthy with a steady and gradual increase in separation between the MACD and the signal line.

Price Action, Support, and Resistances

The price has surpassed the resistance levels of the 20-day, 50-day, and 100-day EMAs pretty convincingly for the past two days as well as the key resistance levels of $0.02000 and $0.02500.

ZIL’s price is at $0.02587 as of writing–up by 18.75% for the day.

With the price looking to move higher, the next significant resistance level is the previous support now potentially turned resistance level of $0.02900. If the price fails to move higher due to buyer exhaustion, $0.02500 is the immediate support in confluence with the 100-day EMA.

Alternative Cryptocurrencies to Invest In

As the cryptocurrency market prepares for a potential comeback in 2023, investors should look into a range of altcoins beyond high caps such as ZIL, which may have more potential for growth–particularly those with promising fundamentals such as FGHT, D2T, CCHG, TARO, and RIA.

Fight Out (FGHT) Set to Pack a Punch

Fight Out is looking to disrupt the fitness industry with its revolutionary move-to-earn (M2E) platform and gym chain. Featuring smart technology in its gyms, users will be able to earn rewards for their effort while engaging in challenges against other players to rack up REPS tokens. These tokens grant access to memberships, subscriptions and merchandise like apparel, supplements, or training equipment. Fight Out will also provide a supportive community where members can support each other in reaching their potential.

Fight Out will encourage users to reach their health and fitness objectives by incorporating the unique reward system as well as an NFT-based avatar, where each physical achievement will level up this digital version of members. The combination of tangible incentives with social motivation from other users will provide a powerful framework that is sure to inspire people on their journey towards becoming healthier versions of themselves.

The physical gyms, the first of which is set to open in Q4 2023, will be equipped with the latest Web3-connected technology such as “mirrors” that feature users’ digital fitness profiles. Sensors will also track workouts and give out helpful advice to boost a user’s workout while also recording their progress for rewards and bonuses. Fight Out is also launching an ambassador program featuring esteemed boxers and athletes who will host masterclasses along with other exclusive events.

It’s not surprising that there is a high demand for the Fight Out token given the huge potential of the industry combined with the very promising app and interactive technologies, and world-class athletes the company already has lined up to get involved. The project has already raised $2.8 million in just a few weeks and is quickly approaching the end of stage 1 of the presale before the token’s price will rise.

Visit Fight Out Now

Dash 2 Trade (D2T)

Dash 2 Trade is about to launch in February, and it’s sure to change the crypto trading game. Boasting a comprehensive suite of tools that will offer traders immense visibility and control over tehir investments as well as an encouraging community full of resources for assessing projects prior to investing–Dash 2 Trade seeks to put all essential data necessary for decision making regarding your portfolio within easy reach.

Dash 2 Trade’s platform is looking to become an ideal environment for both novice and experienced traders to hone their strategies while taking advantage of automated trading via exchange APIs. Its token presale scoring system will also provide users a chance to invest in potentially lucrative tokens before they become popular on the market.

With its advanced analytics and real-time sentiment tracking, Dash 2 Trade has the potential to become a market leader in trading platforms. Moreover, their parent company already boasts an impressive 70K international traders from Learn 2 Trade –forming a strong community around the platform. These features together will undoubtedly place this platform at the forefront of modern trading solutions.

YouTube video

The presale launch of D2T has been exceptionally successful, with all the tokens being sold out initially. However, to raise an additional $2 million for extra exchange listings as well as faster product rollouts, 36 million additional tokens were released at $0.0556 each. So far, the presale has earned nearly $15–giving the team plenty of resources to successfully launch their platform and improve on it in the future.

The development team was able to make a lot of progress already and surpassed their goals, releasing the beta version of their trading dashboard on January 4. Four crypto exchanges will now be listing their token: Gate.io, Changelly Pro, LBank and BitMart.

Visit Dash2Trade Now

C+Charge (CCHG)

C+Charge is the perfect example of how blockchain technology can be used to solve real-world problems. Its peer-to-peer payment system and secure smart contracts allow EV owners to find available charging stations quickly, allowing them to pay for it directly from their crypto wallets with no additional fees or delays compared to conventional payment methods.

EV owners can face expensive fees, difficulty finding charging stations nearby, lack of transparency, insecurity when making payments, and no real-time information. C+Charge helps with these problems by allowing people to pay for the charging station directly from their wallets with no extra fees, providing a searchable database to find available stations easily, showing data about all chargers and prices in an open way, being secure with blockchain technology and giving real-time updates on the status of charging stations.

C+Charge’s presale is presently selling its CCHG tokens for $0.013 USDT. The price of tokens will rise over three additional stages, reaching $0.02350 in stage 4.

Visit C+Charge Now

RobotEra (TARO)

Dive into the post-apocalyptic world of Tarot with your robotic companion in RobotEra, an interesting metaverse building game that takes minecraft like world building to the next level. Users don’t require any coding skills to participate either – as they will have access to tools that let them construct NFT-based robots and assets without any programming knowledge. Additionally, users can make money by taking part in quests or community events, staking tokens, advertising on billboards and structures inside the virtual universe, as well as charging an entry fee for custom-created events and activities.

The launch of RobotEra’s augmented and virtual reality (AR/VR) integrations in 2023 will afford players a variety of additional money-making and world-building tools within the game. RobotEra’s presale has already generated an astounding $694K as it powers towards the $1 million mark.

Visit RobotEra Now

Calvaria (RIA)

PvP and play-to-earn aficionados can sharpen their tactical strategies with Calvaria: Duels of Eternity. Utilizing special NFT trading cards to plan maneuvers, gamers will get the chance to fight against opponents in a simulated afterlife. Not only do token holders have authority over the decentralized autonomous organization (DAO) responsible for game decisions, but they can also benefit from staking rewards with the RIA token.

The presale for the game’s token has been a phenomenal success, with total funds raised so far close to $2.8 million and rapidly moving towards the goal of $3 million.

Visit Calvaria Now

With the above Zilliqa price prediction showing there is still potential for ZIL to grow, but with a fair amount of downside risk, it might be a good idea to consider diversifying into lower cap gems like the coins above.

Related:

Dash 2 Trade – Presale Ends Soon

Dash 2 Trade
  • Active Presale Live Now – dash2trade.com
  • Featured in Cointelegraph – $13M Raised
  • KYC Verified & Audited
  • Native Token of Crypto Signals Ecosystem
  • Upcoming Listings Jan 11 – Gate.io, Bitmart, LBank, Changelly

Dash 2 Trade


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Source: https://insidebitcoins.com/news/zilliqa-zil-price-prediction-as-crypto-market-bounces