Zilliqa (ZIL) Price Analysis: It Is Not A Good Time To Invest In Zilliqa

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Zilliqa’s daily chart gives nothing but hopelessness as its bearish trend is so persistent that it is reaching its all-time lows in BTC in every passing day. Its intermediate trend is definitely bearish, and until unless there is a strong upsurge in its value, there is no possibility of ZIL to regain its value back. According to majority crypto analysts, this is a very unlike scenario to happen as of now. The main reason behind this is that the market’s attention is solely focused on the stability or fluctuations of BTC’s price. The crypto enthusiasts also claimed that ZIL definitely needs a strong up thrust for a continuous week or two to sustain its value otherwise, the way it is advancing towards a descending line, is questioning its sustenance in future. Therefore, it will be very unlikely to predict anything regarding ZIL and investing on this today can be a disastrous idea.

Current status:

  • Market cap: 138,559,848 USD
  • Trading value: 0.015950 USD
  • Circulating supply: 8,687,360,058 ZIL
  • Market rank: 50

Price analysis and future price predictions:

Zilliqa (ZIL) Price Chart

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The above chart shows that at present ZIL is getting traded at 0.016061 USD or 0.00000228 BTC (UTC time 09:49). Its present 24h volume is worth of 16,755,679 USD. The same chart shows that approx. 1 month earlier, ZIL had a trading value of 0.021897 USD with a market cap of 191,691,488 USD. So, within this duration, the value of ZIL has been reduced by -26.65%.

Considering its current trend, we assume that ZIL can have a trading value of $0.25 by the end of this year.

Conclusion:

ZIL is in a highly fluctuating state. It’s uncertain to give positive hopes regarding it. So, it will be better to wait to invest until it regains its value back.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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