The crypto world has gone from being just a hobby or vocation for one or two tech-oriented people to being a globally known digital asset acknowledged by many governments and financial authorities all over the world in just a short time. This short growth span has made relatively new coins like Zilliqa (ZIL) get awareness among crypto traders and investors.
In a bid to make the ZIL coin a little bit more popular, we will look at the Zilliqa crypto network, the current performance of the ZIL coin in the market, and how it is likely to perform in the market in the coming years. We will also look at some questions that potential and current investors and traders are likely to ask.
Today’s Zilliqa price today is $0.039432 with a 24-hour trading volume of $132,983,443. We update our ZIL to USD price in real-time. Zilliqa is up 0.69% in the last 24 hours. The current CoinMarketCap ranking is #73, with a live market cap of $513,130,750. It has a circulating supply of 13,012,913,729 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.
What is Zilliqa (ZIL)?
Zilliqa (ZIL) is the native token/cryptocurrency of the Zilliqa blockchain. It serves several roles within the blockchain network, with the primary role being used as a digital currency within the network.
Zilliqa Price Prediction Overview, Current Price Today
What is the Zilliqa blockchain network?
Zilliqa is a decentralized blockchain network that enables developers to develop decentralized applications (DApps) for enterprises using smart contracts and sharding technologies. It is based in Singapore and was launched in 2017 co-founded by Amrit Kumar, the current president; Yaoqi Jia, its current chief scientific officer; Xinshu Dong, who is currently a board member; and Max Kantelia, who is a board member and an adviser.
Zilliqa was the first public blockchain network around the world to use sharding, which refers to the use of side chains (or smaller blockchain networks attached to the mainnet) to perform certain tasks instead of burdening the mainnet everything.
In a nutshell, sharding makes a blockchain network more scalable as it avoids congestion in the mainnet. Besides the side chains responsible for processing transactions within the blockchain network, a Zilliqa user can develop a decentralized application and attach it to Zilliqa’s mainnet as a side chain.
By integrating sharding, Zilliqa blockchain has remained highly scalable as its user base continues to grow.
How does Zilliqa Network work?
Zilliqa was developed to solve scalability concerns, one of the biggest concerns among legendary blockchains like Bitcoin and Ethereum. By using Sharding, Zilliqa has achieved high scalability.
There are multiple shards (side chains) attached to Zilliqa’a mainnet responsible for processing a very high throughput of transactions in a cost-effective, speedy and efficient manner. Zilliqa can process thousands of transactions within a second compared to Bitcoin, where transactions can take up to 10 minutes to be processed.
Because of its scalability, Zilliqa is an ideal blockchain for processing complex computational tasks like financial modeling and data mining, making it a perfect choice for data-based academic research, internet of things (IoT) applications, training neural network training, and machine learning applications.
What are the benefits of using Zilliqa (ZIL)?
Though a relatively new blockchain technology compared to Bitcoin and Ethereum, Zilliqa blockchain offers a wide range of benefits to its Zilliqa (ZIL) users. These benefits include:
Zilliqa is a public decentralized blockchain network meaning it has no central coordinator(s), and users do not have to worry about their transactions being handled by middlemen or a central authority since there are none.
Anyone can purchase the Zilliqa (ZIL) cryptocurrency on a cryptocurrency exchange like Binance, OKEX, Huobi, TRANSAK, UPbit, Changelly, SimpleSwap, BitFinex, or KuCoin, among others, and use it for staking, buying merchandise from Zilliqa Merchadize store, covering smart contract execution fees, and covering transaction fees.
- High scalability
By using sharding, Zilliqa can handle large transfers within minutes without becoming congested.
- Smart contracts
Zilliqa provides developers with a smart contract-enabled programming language called Smart Contract Intermediate-Level Language (Scilla).
They allow developers to develop DApps and allow parties to execute agreements efficiently without third parties.
Zilliqa integrated enterprise-grade security features that have gone a long way in ensuring that hackers cannot access its transactions or the DApps developed on the blockchain. It has never been hacked since it was invented, and developers have been developing exciting DApps that run on the blockchain.
- Low fees
By using sharding, Zilliqa has avoided congestion, which is a major contributor to rising miner fees and gas prices on other blockchains.
Zilliqa (ZIL) transaction fees source
The fees are currently above 34,738.778 Tx, as shown in the image above.
Zilliqa (ZIL) Price History
Zilliqa conducted an Initial Coin Offering (ICO) that ended in January 2018, raising ether (ETH) worth $22 million. At the time of the ICO, one ZIL coin was going for 1 ZIL = 0.0000084656 ETH, and only 30% of the ZIL’s total supply of 21 million ZIL coins was up for the ICO sale.
Originally the ZIL cryptocurrency was an ERC20 token since the Zilliqa blockchain had been launched on the Ethereum blockchain. However, the Zilliqa blockchain introduced its mainnet in 2019, and the ERC20 was swapped with Zilliqa (ZIL) tokens.
The current circulating supply is about 11,670,142,875 ZIL tokens out of the total 21,000,000,000 ZIL tokens generating a market capitalization of $1.2 billion.
Zilliqa price forecast Market Cap chart from coinmarketcap
The coin hit its all-time high market price of $0.2563 on May 06, 2021.
Its all-time low of $0.002477 was recorded on March 13, 2020, when most cryptocurrencies were struggling with a persistent bearish trend.
However, the Zilliqa price predictions are based on our proprietary algorithms and technical analysis. The actual prices may differ slightly from our predictions. Although we are confident in our forecasts, investing in digital assets is very risky. Always do your own research before making any investment decisions.
ZIL Price Technical Analysis
Recent Zilliqa technical analysis shows the prices have been folding above $0.029 in the last month and they have stepped into the new month with a trading price of $0.03918.
ZIL prices started the month on a high, but they lost some steam in the middle of the month. However, they picked up again and are currently trading close to $0.032 and the current resistance level is $0.05354.The closest support levels are $0.02797 and $0.02411.
The bullish momentum may continue in the near future.ZIL prices have been on a tear lately, and technical analysis shows that there may be more upside potential in the near future. The next key resistance level to watch out for is $0.055, and if prices can break above this level, it could signal further bullish momentum.
The 200-day moving average is a key support level to watch, and if prices can stay above this level, it would be a bullish sign. The RSI is currently in bullish territory, and if it can stay above 50, it would signal that the bulls are in control. The RSI may continue to move up in the near future, which would be a bullish sign and the prices may test the $0.055 resistance level.
The Moving Average Convergence Divergence (MACD) is a momentum indicator that shows the relationship between two moving averages. The MACD is currently in bullish territory, and if the MACD line can stay above the signal line, it would be a bullish sign.
The market volatility for ZIL/USD pair is currently low, which is indicated by the contracting Bollinger bands. The market may see some consolidation in the near future, but the bulls are in control and they may push prices higher. Also, the ATR(14) for the pair is currently at $0.0030 and the last candlesticks have closed well below the upper Bollinger Band which is a bullish signal.
Zilliqa Price Predictions by Authority Sites
Wallet Investor’s Zilliqa price predictions are bearish in the long term. They believe that ZIL prices will reach $0.0718 by the end of 2022. The website goes on to state that the prices are not expected to reach $0.10 by 2023.
Technewsleader says that ZIL’s price might reach a maximum price of $0.100 in 2022. The average price projection for 2025 is $0.30.The platform adds that Zilliqa’s price could hit a maximum price of $1.83 in 2030. Their predictions are based on the data gathered from various sources including white papers and deep technical analyses.
Price Prediction net
Price Prediction net gives a more bullish ZIL price prediction for the year 2022 and they believe that ZIL might reach $0.069 by then. They also give a price prediction for 2025 and they say that ZIL could reach $0.22 by then. Zilliqa’s price is projected to hit a maximum price of $1.46 in 2031.
Zilliqa Price Prediction 2022
At Cryptopolitan, we expect Zilliqa’s price in 2022 to end the year on a high note and reach $0.069. The prices may fall in the second quarter and reach an average trading price of $0.063. The prices may then drop slightly and the minimum price is expected to be $0.061.
Zilliqa Price Prediction 2023
In the year 2023, Zilliqa is anticipated to reach an average price of $0.91. The prices are expected to surge in the first quarter and hit a maximum price of $1.02.The prices may then consolidate and reach a minimum price of $0.089.
Zilliqa Price Prediction 2024
In the year 2024, we predict that Zilliqa prices will start to rise and reach a maximum price of $0.15. The prices may then fall and reach a minimum price of $0.12.An average trading value of $0.13 is expected for the year.
Zilliqa Price Prediction 2025
As per the forecast price and technical analysis, In 2024 the price of Zilliqa is predicted to reach a minimum level of $0.12. The ZIL price can reach a maximum level of $0.15 with the average trading price of $0.13.
Zilliqa Price Prediction 2026
Zilliqa price prediction 2026 expects ZIL price to reach new highs. As per our Zilliqa forecast, the price of ZIL can touch an average price $0.27 by the end of 2026. The prices are expected to rise steadily throughout the year and reach a maximum price of $0.31 while a minimum price of $0.26.
Zilliqa Price Prediction 2027
In 2027, we predict that Zilliqa prices will continue to rise and reach a maximum price of $0.49. The prices may then fall and reach a minimum price of $0.40.An average trading value of $0.41 is expected for the year.
Zilliqa Price Prediction 2028
As per our Zilliqa forecast, in 2028 the price of Zilliqa is predicted to reach at a minimum price level of $0.57. The ZIL price can reach a maximum level of $0.71 with the average trading price of $0.60.
Zilliqa Price Prediction 2029
Our long-term Zilliqa ZIL price prediction suggests that in 2029, the ZIL price can reach a maximum level of $0.98 with an average trading price of $0.86. Zilliqa Price may decline to a minimum price of $0.83 before the end of 2029.
Zilliqa Price Prediction 2030
In the year 2030, the bullish trend is expected to continue and ZIL price is expected to reach an average price of $1.32 and then later fall to a minimum of $1.29 by the end of the year while a maximum trading price is $1.29.
Zilliqa Price Prediction 2031
Crypto adoptions in the future will lead to a surge in Zilliqa prices. As per our Zilliqa forecast, the price of ZIL can touch an average price $1.92 by 2031. The prices are expected to rise steadily throughout the year and reach a maximum price of $2.18 while a minimum price of $1.85 is also possible.
Zilliqa Price Prediction by Industry Influencers
According to Paul Barron, a crypto expert, and a TV host, ZIL is likely to become twice the price if it stays true to its roadmap. Zilliqa is expected to drop their metaverse in January under the name metapolis. If they do, we will likely see a spike in price in January.
Nycjude is a Twitter crypto enthusiast and quite a fan of the Zilliqa. On 1 January 2022, he tweeted, anticipating that the year would be very productive for ZIL.
Zekromo is a crypto enthusiast that will typically give an in-depth analysis of the performance of the ZIL token. Zekromo, at the start of 2022, gave an update to the release of Metapolis bringing more awareness to the ZIL token.
Sandra is the head of metaverse and NFTs at Zilliqa. She usually gives updates on the development of metapolis. She recently announced the release of the metapolis roadmap, which brought more awareness to the ZIL token.
The ZIL network is set to join the metaverse universe by releasing metapolis; it is projected that this will create more awareness for the ZIL token, and we expect a price surge as a result. Although the popularity will still be less than coins like Bitcoin and Ethereum, we believe this is a step in the right direction, and the potential ZIL possesses will enable it to rise further in the future.
If you wonder if ZIL is a good investment, you should do your own research and compare it with other prices and explore its potential when it comes to executing smart contracts. We know there are proposed plans, developments, and partnerships. If those are put in place, there will be increased awareness. And increased awareness is sure to lead to a positive surge in prices.
Although the popularity of Zilliqa (ZIL) is below that of Bitcoin, Ethereum, and Ethereum Classic, among others, and its market price is also below that of Bitcoin price, Ethereum price, and Litecoin price, Zilliqa has a great potential for growth owing to its ability to solve scalability issues and the numerous products it has developed for its users including an NFT marketplace in an era where NFTs are taking the world by storm.
In 2022, ZIL has a bright future ahead of it. With the continuous advances in the ZIL ecosystem, as well as in the overall cryptocurrency market, ZIL may rise to new heights. Zilliqa has revolutionized numerous industries since its inception. Many authorities have approved the currency, and a team of expert developers is working diligently to raise awareness and acceptance. Zilliqa is truly a project to watch out for in the coming years.
Zilliqa price predictions are based on our proprietary algorithms and technical analysis. The actual prices may differ slightly from our predictions. Although we are confident in our forecasts, investing in digital assets is very risky. Always do your own research before making any investment decisions
Most important, seek investment advice before investing to find out whether it is a profitable investment at that time. It is also important to compare the ZIL price prediction to other cryptocurrencies and that of the US dollar. Besides the USD predictions, examples of cryptocurrency price predictions include Ethereum price prediction, Polkadot price prediction, and Bitcoin price prediction.