Price Action
In the week prior, the price for Zilliqa went down by -31.75%. It is below its 20 day moving average by 28.21%, so it’s a bit of a ways off. Zilliqa’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Zilliqa is more prone to sizable price moves than 53% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Zilliqa to bounce between 0.01269495 and $0.01934505 US dollars per coin.
Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Zilliqa has ranged between 31,893,737 and 322,774,701 currency units. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. Zilliqa experienced a turnover rate of about 2.2% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 58.82% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
The number of wallets holding Zilliqa went from 34,403 to 34,101 in the past week, marking a change of -0.88%. As for overall transactions, they increased from 416,834 to 418,163 — an increase of 0.32%. Zilliqa’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is -0.56% which puts it ahead of 2.64% of the coins in our index. This could indicate that the coin’s usage is not growing much at all.
Technology Development Status
Zilliqa currently has 17 public repos on GitHub, with the oldest one clocking in at 1.77 years young. Its most recent public update 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 1161 which is pretty good, relatively speaking; specifically, that’s more than 75 % of the top 100 coins we’re looking at. The coin has 202 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, 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 39% of the coins we group Zilliqa in.
Zilliqa News and Commentary
The top theme being discussed about Zilliqa in the past week is listed below. If available, we added an excerpt from the article to help give a taste of what it is about.
Zilliqa Unstoppable Weirdness – Thomas Scott Mckaughan
Snippet:
Supposedly Unstoppable Domains were gonna let us know if the domains we bought were already subject to confiscation by the corporations that own the brand names…….This was the big .com boom we were all waiting for.
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
