Zilliqa (ZIL) June 10, 2019 Weekly Summary: Price Up 11.51%

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Price Action

Since last week, Zilliqa’s price went up by 11.51%. It is above its 20 day moving average by 8.78%, so it’s somewhat away. Zilliqa’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. In terms of volatility, Zilliqa exhibits greater price volatility than approximately 52% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Zilliqa to experience a price range in US dollars between 0.01812569 and $0.02462231.

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

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Volume Update

Over the past week, Zilliqa saw its daily volume range between 105,857,630 and 1,448,510,256 units of its own currency. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Over the past week, Zilliqa saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 8.33%. Its trading turnover percentage is higher than about 75.26% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.

Engagement Update

The number of wallets holding Zilliqa went from 35,803 to 35,537 in the past week, marking a change of -0.74%. And in regards to cumulative transactions logged on the blockchain, they went from 406,807 to 409,340, which amounts to a change of 0.62%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at -0.12% which, relatively speaking, is ahead of 0.00% of the cryptocurrencies we’re tracking. This could indicate 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 1.68 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 repos that are visible to the public collectively have 1138 watchers — specifically, that’s more than 75 % of the top 100 coins we’re looking at. The coin has 202 issues reported across its public repositories. 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 35% 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. Where available, we included a snippet of the article that we thought might be interesting.

Decentralization, Blockchain and Zilliqa – Good

Where to Buy

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

Article by SixJupiter

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