Since last week, Zilliqa’s price went down by -0.61%. It is below its 20 day moving average by 16.13%, 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. In terms of volatility, Zilliqa exhibits greater price volatility than approximately 82% of coins in our index, so bear that in mind if you decide to trade it. 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 $0.008455501 and $0.0188025.
In the span of the preceding 7 days, Zilliqa’s daily volume, in terms of its own unit of currency, has fluctuated between 22,398,575 and 234,832,249. In the three weeks prior, both price and volume have been declining. Over the past week, Zilliqa saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 1.48%. Its trading turnover percentage is higher than about 54% of the coins we’re tracking, 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.
Over the past week, Zilliqa saw its holders go from 34,101 to 34,051, an increase of -0.15%. And in regards to cumulative transactions logged on the blockchain, they went from 418,163 to 418,603, which amounts to a change of 0.11%. This translates to a combined engagement growth rate of -0.04% for Zilliqa — which is higher than 4.23% of the cryptocurrencies we’re reporting on. This growth rate suggests the coin’s usage is not growing much at all.
Technology Development Status
At the moment, Zilliqa has 17 repositories open to the public on GitHub, with the oldest one now being 1.79 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Zilliqa’s public repositories collectively have a total of 1162 watchers, which is pretty good, relatively speaking; specifically, that’s more than 70 % of the top 100 coins we’re looking at. The coin has 202 total outstanding issues across all 17 of its public repositories on GitHub. In comparison 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 38% of the coins we group Zilliqa in.
Zilliqa News and Commentary
We found one link over the past week about Zilliqa that we thought was especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
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Article by SixJupiter