Zil Crypto: Smart Investment Or Risky Gamble?

Zilliqa (ZIL) is a blockchain network based in Singapore that aims to catalyse and transform digital infrastructure across global industries and communities. ZIL is currently trading at $0.057 with a 24-hour trading volume of $74,259,153. It has a circulating supply of 12.37 billion ZIL and is available on major exchanges such as Binance, OKEx, FTX, Upbit, Bithumb, and Huobi Global. ZIL has shown a bullish trend in the past few days, and some predictions place its price at $15 by 2026. However, it is important to note that cryptocurrency investments are subject to high market volatility and regulatory risks. Before investing in ZIL or any other cryptocurrency, be sure to do your own research and carefully consider the risks involved.

Zilliqa (ZIL) price prediction for 2025

Zilliqa (ZIL) is a public blockchain network that aims to address scalability issues and increase the number of transactions per second. It is currently trading at $0.0162, with a market cap of $328,821,122, and a circulating supply of 18,703,953,859 ZIL.

According to Wallet Investor, ZIL is a bad long-term (1-year) investment. They predict that the price of ZIL may drop to $0.00224, with a negative outlook for the currency. However, other sources suggest that ZIL has the potential to reach $1.338 by the end of 2025, making it one of the top-performing cryptocurrencies. This prediction is based on the expectation that the adoption rate of ZIL will grow significantly, and that the cryptocurrency market will continue to mature and gain traction.

It is worth noting that ZIL is a small-cap cryptocurrency, which means it is a riskier investment compared to large-cap or mid-cap cryptocurrencies. Small-cap cryptocurrencies are more vulnerable to flash crashes and are highly volatile. Therefore, investors considering ZIL should carefully assess their risk tolerance and conduct thorough research before investing.

In summary, while ZIL has the potential for significant growth by 2025, it is also a risky investment due to its small market cap and the inherent volatility of the cryptocurrency market. Investors should approach ZIL with caution and consider diversifying their portfolio to mitigate risks.

ZIL's unique features

Zilliqa (ZIL) is a unique cryptocurrency with several standout features. Firstly, it is a public blockchain designed to address the issues of scalability and throughput that many other cryptocurrencies face. To achieve this, Zilliqa uses sharding technology, which involves dividing the network into multiple clusters of nodes, or shards, allowing for parallel transaction processing and improved speed. Zilliqa claims to be the first blockchain to rely entirely on sharding, achieving transaction speeds up to a thousand times faster than the Ethereum network.

Another key feature of Zilliqa is its permissionless nature, allowing developers to host decentralised apps and execute smart contracts without the congestion and high gas fees associated with older blockchain platforms. The decentralised nature of the platform also provides users with a censorship-resistant space to conduct transactions. Additionally, Zilliqa's transaction fees are significantly lower than those of PoW networks like Bitcoin due to its ability to avoid congestion.

Zilliqa also stands out for its security features. It employs a practical Byzantine Fault Tolerant consensus mechanism with two layers of verification, making it resistant to Sybil attacks and hard forks. Furthermore, it uses elliptic-curve cryptography to secure transaction records and a Proof-of-Work algorithm for node identity generation and sharding. Zilliqa also introduced its own coding language, Scilla, which automatically improves network security by detecting and eradicating security threats.

The flexibility of Zilliqa is also noteworthy, thanks to the introduction of a new scripting language. This smart contract language was designed to be more secure and robust, providing developers with a more responsive programming environment. Finally, Zilliqa offers staking opportunities, allowing users to stake ZIL and earn annual returns of 6% or more, while also gaining a say in the Zilliqa ecosystem's governance.

ZIL's historical price movement

Zilliqa (ZIL) is a token developed in 2017 that is based on the concept of sharding, which improves the scalability of cryptocurrency networks such as Bitcoin or Ethereum. ZIL's historical price movement has been variable, with the highest price of ZIL being recorded on 6 May 2021 at BTC0.00002489. This is 93.90% higher than its price as of 24 September 2024. The lowest price for ZIL was recorded on 13 March 2020 at BTC0.062151, which is 552.20% lower than its price as of 24 September 2024.

ZIL's price has seen a recent increase, with a 3.00% rise in price in the 24 hours up to 21 September 2024, and a 16.90% price increase in the week up to that date. In the week prior, ZIL's price had increased by 17.00%, outperforming the global cryptocurrency market, which rose by 7.50% in the same period.

ZIL's price movement since its inception has been variable. Its all-time high was recorded on 6 May 2021, with a price of BTC0.00002489. This is over 93% higher than its price as of 24 September 2024. In the period between its all-time high and 24 September 2024, ZIL's price decreased. However, its price has increased in the week prior to 21 September 2024, and in the week before that, outperforming the global cryptocurrency market.

ZIL's price movement has been influenced by its unique features as a cryptocurrency. It is the first platform to use sharding technology, which allows it to process a high number of transactions per second. This has likely contributed to its price increases, as it offers improved scalability compared to other blockchains.

Overall, ZIL's historical price movement has been variable, with periods of increases and decreases. Its price has seen recent increases, and it has outperformed the global cryptocurrency market in recent weeks. Its unique features as a cryptocurrency, such as its use of sharding technology, have likely influenced its price movement.

Zilliqa forecast: expert opinion

Zilliqa (ZIL) has been making waves in the crypto world with its recent announcements, including the launch of its new metaverse project, Metapolis, and the testnet launch of Zilliqa 2.0, a significant upgrade to its blockchain platform. These developments have investors eyeing the native utility token, ZIL, and its future price behaviour.

ZIL Price Predictions

ZIL's price is expected to increase by 5% and reach $0.013659 by the end of this week. By October 14, 2024, ZIL's price is predicted to rise by 28.18% and reach $0.017516. The ZIL price prediction for 2025 is between $0.012793 and $0.044593, while for 2030, it is between $0.010571 and $0.07153.

Market Sentiment

The current market sentiment for ZIL is neutral, with 16 technical analysis indicators signalling bullish signals and 15 signalling bearish signals. The Relative Strength Index (RSI) value is at 52.39, indicating a neutral market position. The Fear & Greed Index, which combines market and investment indicators, currently stands at 50, indicating a neutral zone.

ZIL's Moving Averages

ZIL's 50-day moving average is rising, suggesting a strong short-term trend. The 200-day moving average has been rising since 10/09/2024, indicating a strong longer-term trend. However, in the daily and weekly charts, the 50-day moving average is above the price and falling, which might resist future price movements and act as resistance.

ZIL has shown strong potential lately, with a 7.88% increase in its price over the last month. The recent announcements and upgrades to the Zilliqa platform could further boost its prospects. However, it is important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making any investment decisions.

Is ZIL a good investment?

Zilliqa (ZIL) is a blockchain network based in Singapore. It initially used the Ethereum blockchain before developing its own. ZIL is the native cryptocurrency in the Zilliqa network. Zilliqa is the first of its kind of public blockchain built with sharding technology, which aims to improve the scalability of the blockchain. It also implements practical Byzantine Fault Tolerance (pBFT) and a programming language called Scilla.

ZIL has a current circulating supply of 12.37 billion and is currently trading at $0.057 with a 24-hour trading volume of $74,259,153. It is currently ranked 104th on CoinMarketCap. ZIL has increased by 11.3% in the last 24 hours and has shown a bullish trend in the past few days.

ZIL's bullish price predictions range from $0.11 to $0.15 by the end of 2022. Some sources suggest that ZIL will reach $1.5 by the end of 2022 if the bullish trend continues. By 2023, ZIL is expected to reach $2, and by 2024, it is expected to reach $5. ZIL's price is predicted to reach $10 by 2025 and $15 by 2026.

ZIL has a bright future ahead of it in 2022 and beyond. With the ongoing developments within the ZIL ecosystem and the overall crypto market, ZIL may reach new heights. Based on this information, ZIL could be a good investment, especially for long-term investors. However, it is important to note that the cryptocurrency market is highly volatile, and there are risks associated with investing in any cryptocurrency.

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