In the week prior, the price for Zilliqa went up by 3.98%. It is above its 20 day moving average by 0.79%, which is quite close. Zilliqa’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Zilliqa is more prone to sizable price moves than 28% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect Zilliqa to bounce between 0.01427502 and $0.01939798 US dollars per coin.
In the span of the preceding 7 days, Zilliqa’s daily volume, in terms of its own unit of currency, has fluctuated between 47,998,084 and 446,136,881. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Zilliqa experienced a turnover rate of about 2.78% 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 51.55% 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.
Over the past week, Zilliqa saw its holders go from 36,549 to 36,328, an increase of -0.60%. And in regards to cumulative transactions logged on the blockchain, they went from 398,475 to 401,639, which amounts to a change of 0.79%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at 0.19% which, relatively speaking, is ahead of 11.43% 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
Zilliqa currently has 17 public repos on GitHub, with the oldest one clocking in at 1.62 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 1120 watchers — specifically, that’s more than 72 % of the top 100 coins we’re looking at. The coin has 174 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 fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for Zilliqa we see that its issue/watcher ratio looks healthier than 41% of similar coins in our index.
Zilliqa News and Commentary
We found 2 links over the past week about Zilliqa that we thought were especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
So, the best way to do this is to make an offline paper wallet.
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Article by SixJupiter