Zilliqa (ZIL) July 8, 2019 Weekly Summary: Price Up 1.44%

.

Price Action

In the week prior, the price for Zilliqa went up by 1.44%. It is below its 20 day moving average by 2.4%, so it’s fairly close. Zilliqa’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Zilliqa exhibits greater price volatility than approximately 76% 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 $0.01403178 and $0.02207622.

Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex

Volume Update

Over the past week, Zilliqa saw its daily volume range between 50,523,696 and 345,678,925 units of its own currency. In the three weeks prior, both price and volume have been declining. Zilliqa experienced a turnover rate of about 2.6% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 57.84% 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.

Engagement Update

Zilliqa saw the number of wallets holding its coin go from 34,565 to 34,384 over the past week — a change of -0.52%. And in regards to cumulative transactions logged on the blockchain, they went from 415,740 to 416,946, which amounts to a change of 0.29%. Zilliqa’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is -0.23% which puts it ahead of 0.00% of the coins in our index. This growth rate suggests 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 1.75 years young. The last recorded update to its public repositories was within the past week which is not bad, as the coin is still being updated routinely. Zilliqa’s public repos now have 1157 which is pretty good, relatively speaking; specifically, that’s more than 74 % of the top 100 coins we’re looking at. The coin has 194 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 37% of the coins we group Zilliqa in.

Zilliqa News and Commentary

Over the past week, we found 2 links about Zilliqa that we found especially interesting. If available, we added an excerpt from the article to help give a taste of what it is about.

Unstoppable Domains – The Motivation Niche

$ZIL Lies, deceit, and Dumping, The Fundamentals of

Where to Buy

You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!