Price Action
In the week prior, the price for Zilliqa went up by 2.66%. It is above its 20 day moving average by 5.3%, so it’s slightly away. Zilliqa’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, Zilliqa is more prone to sizable price moves than 54% 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 0.01676885 and $0.02279515.
Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
Over the past week, Zilliqa saw its daily volume range between 125,804,871 and 538,978,422 units of its own currency. In the three weeks prior, 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 4.15%. This turnover rate is higher than approximately 56.84% of the cryptocurrencies we monitor, which means 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
Over the past week, Zilliqa saw its holders go from 36,010 to 35,803, an increase of -0.57%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 404,912 to 406,807, which translates to growth of 0.47% for the week. Zilliqa’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is -0.10% which puts it ahead of 0.00% of the coins in our index. 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 1.66 years young. Its last public update to any of its 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 repos that are visible to the public collectively have 1133 watchers — specifically, that’s more than 75 % of the top 100 coins we’re looking at. The coin has 192 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 36% of the coins we group Zilliqa in.
Zilliqa News and Commentary
We found 2 links over the past week about Zilliqa that we thought were especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
Why has Zilliqa’s token underperformed, despite the successful mainnet
Ref·or·ma·tion of Blocks – J.G.
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
