Zilliqa (ZIL) May 27, 2019 Weekly Recap: Price Up 15.84%

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Price Action

In the week prior, the price for Zilliqa went up by 15.84%. It is above its 20 day moving average by 10.5%, so it’s somewhat away. Zilliqa’s bullish momentum, based on 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 65% of coins in our index, so traders can expect a bit more volatility than usual. Based on volatility over the past three weeks, we can expect Zilliqa to experience a price range in US dollars between 0.01409101 and $0.02230799.

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 51,156,987 and 1,690,917,164 currency units. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. The past 7 days saw Zilliqa’s trading turnover — meaning the percentage of its available supply that was traded — come in at 7.91%. Its turnover rate is more than approximately 80.81% of the cryptocurrencies in our index, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.

Engagement Update

The number of wallets holding Zilliqa went from 36,328 to 36,010 in the past week, marking a change of -0.88%. As for overall transactions, they increased from 401,639 to 404,912 — an increase of 0.81%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at -0.07% which, relatively speaking, is ahead of 2.78% 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 1.64 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 1129 watchers — specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 186 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 38% 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.

Counter Network May Update – Counter Network

Top 5 crypto coins to Buy in 2019 – Crytosonic

Zilliqa Migrates to New Address Format – Zilliqa — Offic

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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