Price Action
Over the past week, Zilliqa saw its price go up by 6.32%. It is above its 20 day moving average by 12.1%, so it’s a bit of a ways off. Zilliqa’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Zilliqa is more volatile than roughly 62% 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 $0.01900832 and $0.02602368.
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 230,375,991 and 541,539,748 currency units. Over the past three weeks, 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 4.52%. Its turnover rate is more than approximately 70.41% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Over the past week, Zilliqa saw its holders go from 35,537 to 35,277, an increase of -0.73%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 409,340 to 411,859, which translates to growth of 0.62% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at -0.11% 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
At the moment, Zilliqa has 17 repositories open to the public on GitHub, with the oldest one now being 1.7 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 repositories collectively have a total of 1148 watchers, which is pretty good, relatively speaking; specifically, that’s more than 77 % of the top 100 coins we’re looking at. The coin has 205 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 36% of the coins we group Zilliqa in.
Zilliqa News and Commentary
We found 3 links over the past week about Zilliqa that we thought were especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.
This Week in Blockfolio Signal — June 14th – Blockfo
Implementing Open-Source TSS to Zilliqa Coin (ZIL) – ZenGo
Zilliqa has now successfully enabled the first-ever smart contract platform built on
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
