Zilliqa Price Prediction: Will ZIL Reach $0.1 Soon?

• Bullish Zilliqa (ZIL) price prediction ranges from $0.02 to $0.06.
• Analysis suggests that the ZIL price might reach above $0.1 soon.
• The ZIL bearish market price prediction for 2022 is $0.01478.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Zilliqa (ZIL) is one of them.

Zilliqa investors are bullish on the token since it has had a return on investment (ROI) of over 13 times in the past two years. The crypto bubble of 2021 led to an increase in the price of ZIL to its present all-time high (ATH) of $0.2563, which was attained in May 2021. Irrespective of the recent crypto winter, ZIL investors are confident that the future of ZIL is bullish.

If you are interested in the future of ZIL and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Zilliqa (ZIL) Market Overview

What is Zilliqa (ZIL)?

Zilliqa is a permissionless blockchain platform that supports the mining its native token, ZIL. It was launched in 2017, but its mainnet went live in 2019. The co-founders of Zilliqa are Amrit Kumar and Xinshu Don. Zilliqa is multi-chained and can be traded on the Binance Smart Chain. Zilliqa reached a milestone in January by becoming the first blockchain project to implement Sharding technology. Prateek Saxena first conceived it, but Xinshu Dong was its first CEO when it was registered in June 2017.

Long-term investors can use the private wallets supported on the Zilliqa blockchain to stake their ZIL tokens. This will allow them to earn staking rewards for their investments. This was attained in October 2020 when gambling and yield farming was enabled.

Zilliqa blockchain also supports the creation of adaptable decentralized applications. Creators of non-fungible tokens (NFTs) can also use the platform to create, build and launch their NFT collectibles in the NFT marketplace.

It has good scalability since it can complete 2828 transactions per second. A minimal fee of 0.1 ZIL is charged for transfers within the ZIL platform. This is about $0.0036 from ZIL’s current price of $0.03667.

Analysts’ View on Zilliqa (ZIL)

Crypto Educators and investors on Twitter, CryptoBusy, tweeted that Zilliqa has more room for improvement in the future since a layer- 1 solution, and the first sharding-based blockchain in the world.

Everyone is shocked by the strong performance of $ZIL #Zilliqa

Don’t forget that Zilliqa is a layer- 1 solution, and the first sharding-based blockchain in the world! 🔥#BULLISH pic.twitter.com/nIpUbPfmUp

— CryptoBusy (@CryptoBusy) January 9, 2023

Another tweet by an analyst showing that Zilliqa has a lot of potentials to pump.

Every time $ern touched this tl pumped 2x 4x 2x

Hoping for a huge pump from #ern soon

Money will soon rotate from high cap gaming nft metaverse coins $gala $zil $gmt $bnx

To low caps like $ern $cocos $voxel $burger etc

A like will be appreciated ❤️ pic.twitter.com/QMeJ5wWmvm

— Cryptobull ( Free Premuim Calls ) (@Cryptobullmaker) January 9, 2023

Also, we can even see that Ran Neuner, founder of Crypto Banter made a Youtube live on why the altcoin, Zilliqa was pumping over the few days.

Altcoins are PUMPING!!

Why is $SOL, $GALA, $ZIL and many other exploding? The most important question is WHICH altcoins are next??? Big show on spotting the next narratives today – it’s staring you in the face!!

LIVE NOW: https://t.co/i9S70A2n1w pic.twitter.com/AEFeYoNGRy

— Ran Neuner (@cryptomanran) January 9, 2023

Zilliqa (ZIL) Current Market Status

The maximum supply of ZIL is 21 billion ZIL while its circulating supply is 15.867 billion ZIL, according to CoinMarketCap. At the time of writing, ZIL is trading for $0.0249, representing 24 hours increase of 9%. The trading volume of ZIL in the past 24 hours is $470,539,581, which represents a 146.34% increase.

Some top cryptocurrency exchanges for trading Zilliqa (ZIL) are Binance, Kucoin, Huobi Global, Gate.io, and others.

Now that you know what Zilliqa is and its current market status, we shall discuss the price analysis of Zilliqa (ZIL) for 2023.

Zilliqa (ZIL) Price Analysis 2023

Currently, ZIL is ranked in the 77th position on CoinMarketCap. Will developments and upgrades within the Zilliqa community increase the price of Zilliqa (ZIL)? We shall see this in this CoinEdition price analysis 2023 article.

Zilliqa (ZIL) Price Analysis – Keltner Channel

By measuring the volatility above and below candlesticks, Keltner Channel can determine trend directions. It can be seen from the Keltner Channel signals that for Zilliqa (ZIL), it can be seen that the present bullish run could continue since the recent candlesticks in the chart are within the first half of the chart from the bottom, which indicates that the current bullish run could continue. Since the last candlestick is bullish, the current increase in ZIL’s price might last for some time before reversing.

Zilliqa (ZIL) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Zilliqa (ZIL) 1-day chart of ZIL/USDT is at 78.50.  This shows that ZIL is now trading in the overbought region and we can expect a reversal or a price retrace to happen in the near future. It is best to wait for a few reversals and then take the entry to achieve a better risk-to-reward ratio.

Zilliqa (ZIL) Price Analysis – Moving Averages

The chart above shows the 1-day chart of ZIL 200-day and 50-day Moving Average (MA). As indicated in the recent bearish trend, ZIL has been relatively up within the past few days. However, since the 200-MA is above the 50-MA, we can deduce that the price is still bearish for long-term hodlers.

If ZIL is able to cross over 200MA and when the 50-day MA rises over and crosses over 200MA, we can expect a bull run for Zilliqa (ZIL). Moreover, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Zilliqa (ZIL) might experience a surge soon before it dips in the future.

Zilliqa (ZIL) Price Prediction 2023

Looking at the daily chart of ZIL/USDT, the ZIL price was swinging from $0.01541 to $0.03426 within the past 30 days after going to its lowest of the month at $0.01541. Bouncing back from the support level, ZIL is trading in the previous order block formed on 08 November 2022. If ZIL is able to break out of the order block and rises higher, we can expect ZIL to reach $0.05.

Meanwhile, our long-term ZIL price prediction for 2023 is bullish if it cannot break the support level. We can expect ZIL to reach $0.06 this year. 

Zilliqa (ZIL) Price – Resistance and Support Levels

The chart above shows that the price of ZIL has been rising back to the November 2022 price level. ZIL has been down by 7.4% in the past 24 hours. Suppose this price decrease is a retrace during the bull run, it might be breaking its $0.02752 resistance 1 level and increasing to $0.03047.

If ZIL cannot break the $0.03047 resistance 1 level, the bears may seize control and dethrone ZIL to a downtrend stance. In simple terms, the price of ZIL might fall to almost $0.01621, indicating a negative signal from the previous support level.

Zilliqa (ZIL) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect ZIL to trade at a price not below $0.09 by the end of 2024.

Zilliqa (ZIL) Price Prediction 2025

We should expect the price of ZIL to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, ZIL could end 2025 by trading at around $0.137.

Zilliqa (ZIL) Price Prediction 2026

Since the maximum supply of ZIL is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of ZIL could break the usual trend and trade at $0.195 by the end of 2026.

Zilliqa (ZIL) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of ZIL could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, ZIL could trade at $2.861 by the end of 2027.

Zilliqa (ZIL) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Zilliqa (ZIL) could hit $0.317 by the end of 2028.

Zilliqa (ZIL) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of ZIL to $0.379 by the end of 2029.

Zilliqa (ZIL) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Zilliqa (ZIL) to trade at around $0.438 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Zilliqa (ZIL) Price Prediction 2040

According to our long-term ZIL price estimate, ZIL prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $1.2 by 2040. If the market turns bullish, the price of ZIL could go up beyond what we predicted for 2040.

Zilliqa (ZIL) Price Prediction 2050

According to our ZIL forecast, the average price of ZIL in 2050 might be above $2.8. If more investors are drawn to ZIL between these years, the price of ZIL in 2050 could be far higher than our projection.

Conclusion

ZIL might reach $0.061 in 2023 and $0.438 by 2030 if investors decide that ZIL is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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