Price Action
In the week prior, the price for Zilliqa went down by -15.02%. It is below its 20 day moving average by 16.41%, so it’s a bit of a ways off. Zilliqa’s bullish momentum, if assessed by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, Zilliqa is more prone to sizable price moves than 79% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Zilliqa in US dollars is expected to be between $0.01526889 and $0.02602811.
Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Zilliqa saw its daily volume range between 62,892,527 and 631,898,298 units of its own currency. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Zilliqa experienced a turnover rate of about 3.57% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 60.78% of the cryptocurrencies we monitor, which means it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Zilliqa saw the number of wallets holding its coin go from 34,909 to 34,503 over the past week — a change of -1.16%. As for overall transactions, they increased from 414,210 to 416,246 — an increase of 0.49%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at -0.67% which, relatively speaking, is ahead of 0.00% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s usage is not growing much at all.
Technology Development Status
Zilliqa currently has 17 public repositories on GitHub, with the oldest one now 1.73 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Zilliqa’s public repos now have 1156 which is pretty good, relatively speaking; specifically, that’s more than 80 % of the top 100 coins we’re looking at. The coin has 199 total outstanding issues across all 17 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on Zilliqa’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Zilliqa we see that it fares better than only 36% of the coins we group Zilliqa in.
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
