Price Action
Since last week, Zilliqa’s price went down by -9.58%. It is below its 20 day moving average by 19.08%, so it’s very far 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 87% of coins in our index, so bear that in mind if you decide to trade it. If volatility over the past three weeks is any indication of what’s to come, we can expect Zilliqa to bounce between 0.01391471 and $0.02318229 US dollars per coin.
Where to trade Zilliqa (symbol: ZIL): Gate, Yobit, Binance, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Zilliqa’s daily volume, in terms of its own unit of currency, has fluctuated between 65,445,197 and 250,528,021. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Zilliqa’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.87%. Its turnover rate is more than approximately 59.38% of the cryptocurrencies in our index, 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.
Engagement Update
Over the past week, Zilliqa saw its holders go from 37,144 to 36,608, an increase of -1.44%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 391,299 to 396,438, which translates to growth of 1.31% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Zilliqa is thus at -0.13% which, relatively speaking, is ahead of 0.00% of the cryptocurrencies we’re tracking. This growth rate suggests 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 1.58 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 1096 watchers — specifically, that’s more than 70 % of the top 100 coins we’re looking at. The coin has 166 total outstanding issues across all 17 of its public repositories on GitHub. Relative 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. Where available, we included a snippet of the article that we thought might be interesting.
Introducing the ZIL Cashflow Smart Contract
Excerpt:
The assumption behind cashflow analysis is that if a local variable or a field, is used to represent an amount of ZILs in a certain way in one part of the contract, then that is how that variable should represent an amount of ZILs in all parts of the contract….As _amount is an implicit money variable, c gets the tag Money which eventually flows up to counter, tagging it as Money too….The result of the analysis is a set of tags for different parts of the contract, whereby each tag indicates in what way this particular part of the contract handles ZILs. If the tag indicates inconsistent use, or if the tag does not correspond to what the developer intended, the contract probably contains a bug and should not be deployed in its current form.
BOLT on Binance Chain – Bolt Global
Where to Buy
You can trade Zilliqa, listed under the symbol ZIL, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
