Crypto

Will the Coin Hit a New All-Time High After a Monthly Increase of 26.8%?

02/25/2023
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Zilliqa’s coin, ZIL, has been on a steady rally along with the broader crypto market. After a little dip in the last few days, the crypto market rebounded with a 2.21% increase in the last 24 hours, and ZIL was not left out, as the digital asset kept up its uptrend with a 26.8% increase over the past 30 days.

Zilliqa is an open-source, permissionless blockchain capable of processing thousands of transactions per second. The project claims to be the world’s first public blockchain based on a sharded network and aims to address the issues of blockchain scalability and speed-sharding issues.

Each shard processes transactions independently, and as the network and the number of shards grow, so does the number of transactions processed per second. Moreover, entries are processed and added to the Zilliqa blockchain in real-time, meaning no additional confirmation period is required.

Buy ZIL at Low Price for Long Term Gain

The general crypto market has recovered from a brief dip and is now on the rise. With its consistent uptrend in the last month, the ZIL coin has been rallying along with the market.

At press time, ZIL trades at $0.036 after an uptrend of 9.35% in the last 24 hours. On the other hand, the digital asset saw an increase of 16.8% in the last seven days and 28.6% in the last 30 days.

ZIL_1D_graph_coinmarketcap

According to ZIL’s technical analysis, the crypto asset is currently bullish. ZIL is in an uptrend and is close to the 78.6% Fibonacci retracement level of $0.036, which it reached recently. The asset, however, may encounter resistance at this level.

ZIL is also trading above the 50-hour simple moving average (SMA) indicator in the short term at $0.027. However, the long-term SMA indicator of the 200-day stands at $0.04, which is close to the current price.

screenshot-www.tradingview.com-2023.02.23-11_01_57

A sustained market rally could see the digital asset rebound and break through most of these indicators, so investors should watch out for ZIL’s performance.

The digital asset’s Relative Strength Index (RSI) is 70.81, indicating that it is trading in the overbought region. The moving average convergence and divergence (MACD) value suggests a buy signal.

Esports Organization RRQ Partners With Zilliqa

RRQ, Indonesia’s leading international esports organization, announced a partnership with Zilliqa on Wednesday to launch a blockchain-based NFT membership program for its followers.

The decision by RRQ to move its membership program to the blockchain is a first for Indonesian esports organizations. This will bring several additional advantages for its sizable international fan base under two membership tiers – RRQ King Pass and RRQ Royal Card.

Existing RRQ members have free access to the RRQ King Pass, a blockchain-based digital asset (NFT), which they can use to access special perks across all RRQ platforms.

The RRQ Royal Card is a new premium membership tier with a 1000-member cap. It will be offered as an upgrade to RRQ King Pass holders while supplies last.

Two Value-Driven Assets to Explore Alongside ZIL

The ZIL analysis outlined above explains why it’s important to consider the digital asset. However, investors should keep in mind that there are other value-driven cryptocurrencies from which they could profit. There is also the opportunity to be an early adopter, as several of these coins are currently in the presale phase.

One such coin is C+Charge – the crypto startup that leverages blockchain technology to build an efficient peer-to-peer (P2P) payment system for electric vehicle (EV) charging stations. C+Charge seeks to establish a sustainable environment. This will be done by enabling a network that will cut down on carbon emissions and their damaging environmental impacts.

The $CCHG token drives the project’s economy and has raised over $1.53 million in its presale. The token is currently in the fourth of eight planned presale phases, and investors can purchase 1 CCHG for $0.017. However, the price will increase to $0.018 once the phase elapses.

Another valuable altcoin for investors to consider is Fight Out – a new move-to-earn (M2E) blockchain and Web3-powered platform that rewards users for performing fitness-related tasks.

At the time of writing, the presale for the project token, FGHT, had brought in over $4.61 million in investment. 1 $ FGHT’s price is currently at $0.02417, and the token’s price will keep rising every twelve hours until March 31st, when it will be listed for $0.0333.

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Source: https://insidebitcoins.com/news/zil-price-prediction-will-the-coin-hit-a-new-all-time-high-after-a-monthly-increase-of-26-8