Price Action
Since last week, Zilliqa’s price went down by -20.35%. It is below its 20 day moving average by 11.39%, so it’s somewhat away. Zilliqa’s bullish momentum, determined by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Now when considering volatility, Zilliqa is more prone to sizable price moves than 52% 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 0.01956433 and $0.02575667 US dollars per coin.
Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Zilliqa saw its daily volume range between 39,269,334 and 787,249,230 units of its own currency. Looking back over past 21 days, both price and volume have been declining. Zilliqa experienced a turnover rate of about 4.96% 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 70% of the coins we’re tracking, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Zilliqa saw the number of wallets holding its coin go from 35,305 to 34,909 over the past week — a change of -1.12%. And in regards to cumulative transactions logged on the blockchain, they went from 411,350 to 414,210, which amounts to a change of 0.70%. This translates to a combined engagement growth rate of -0.42% for Zilliqa — which is higher than 0.00% of the cryptocurrencies we’re reporting on. 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 1.72 years young. Its last public update to any of its repositories was within the past week which is not bad, as the coin is still being updated routinely. Zilliqa’s public repos now have 1151 which is pretty good, relatively speaking; specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 199 outstanding issues in the backlog awaiting to be addressed by the core development team. 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 35% 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.
Native token of sharding pioneers Zilliqa (ZIL) now eligible as collateral for Constant loans
BOLT has officially joined Binance Info’s transparency initiative,
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
