Zilliqa Price Prediction-Will ZIL price Hit $0.5 Soon?

This Zilliqa (ZIL) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ZIL price analysis and prediction.

Among the cryptocurrencies that are rallying this year, Zilliqa is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. It had a dip that made its investors lost over 36.8% of their ZIL investment in the past one year.

But for those that are aware, Zilliqa has been around since 2017. It recently made headlines Brokoli Network bridged to Zilliqa blockchain and YouHodler added it as one of the assets in its platform. This is no accident, as ZIL is very cordial toward the Decentralized Finance (DeFi) community.

Can Zilliqa reach $0.5 in 2022? We will find out shortly. But before we proceed to our Zilliqa price analysis, let us first answer the question “What is Zilliqa?” in this ZIL price prediction 2022 article.

What Is Zilliqa (ZIL)?

Zilliqa is a blockchain network based in Singapore. It initially used the Ethereum blockchain before developing its own. According to its website, they aim to catalyze and transform digital infrastructure across global industries and communities. This they plan to accomplish by leveraging on their “silicon-smooth, speedy, and cost-effective” blockchain.

One of Zilliqa’s main features is sharding, a technology that aims to improve the scalability of blockchain. It also implements practical Byzantine Fault Tolerance (pBFT) and a programming language called Scilla. Finally, it has a non-custodial staking feature, as well as its governance token gZIL.

Now that we have answered the question “What is Zilliqa?”, let us find out if Zilliqa is a good investment in 2022?

Zilliqa (ZIL) Current Market Status

As of the time of writing this Zilliqa price analysis, ZIL trades at $0.039 with a 24-hour trading volume of $149,098,658. As a result, the price of ZIL has increased by 2.41% in the last 24 hours.

Furthermore, ZIL has a current circulating supply of 13.06 billion ZIL according to CoinMarketCap. Currently, the top cryptocurrency exchanges for ZIL are Binance, OKEx, FTX, Upbit, Bithumb, and Huobi Global.

Now, let’s proceed to the next part of this ZIL technical analysis for 2022.

Zilliqa (ZIL) Price Analysis 2022

Currently, ZIL holds 76th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ZIL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ZIL price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Zilliqa (ZIL), it could be seen that the present uptrend could continue since the last candlestick is within the first half of curve from the bottom. This shows that the present increase in the price of ZIL might be sustained for some days before any reversal would be expected.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 51.65.  This shows that ZIL is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is not wide and both moving averages are below the recently formed candlesticks, the price of the coin might decrease soon.

Zilliqa (ZIL) Price Prediction 2022

The chart below shows that Zilliqa (ZIL) has shown a bullish trend in the past few days. Moreover, the ZIL price has increased by 17.3% in the last 30 days. If there is a reverse, ZIL might plummet to $0.027 in support level and might even drop lower.

Conversely, if the buyers continue to have their way by increasing the buying pressure, the bulls will have the way, thereby breaking the $0.053 at the resistance1 level and move higher $0.188 at the resistance7 level, the 2022 bullish signal.

Meanwhile, our long-term ZIL price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.2563 that was attained on May 6^th, 2022 this year. However, ZIL can hit ATH only if it breaks many previous psychological resistances.

If this bullish trend continues, Zilliqa will reach $0.188 by the end of 2022. Moreover, in July 2022, ZIL is going to show fast growth, up to $0.053 at resistance1. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Zilliqa (ZIL) Price Prediction 2023

If ZIL holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $2, making it not plummet but play consistently.

Zilliqa (ZIL) Price Prediction 2024

As per the latest upgrades, developments, ZIL price prediction, and new project forecasts of the platform, ZIL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ZIL in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Zilliqa (ZIL) Price Prediction 2025

In the next three years, ZIL prices could race up to $10. However, reaching this level could not be so difficult for ZIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZIL has a high possibility of reaching a new ATH soon in the next three years as per the prediction.

Zilliqa (ZIL) Price Prediction 2026

By 2026, the price of ZIl would reach $15 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Zilliqa (ZIL) Price Prediction 2027

As per the latest upgrades, developments, ZIL price prediction, and new project forecasts of the platform, ZIL investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of ZIL in the crypto market, and it will be the best investment as the price can spike and reach around $25.

Zilliqa (ZIL) Price Prediction 2028

In the next six years, ZIL prices could race up to $40. However, reaching this level could not be so difficult for ZIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZIL has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

Zilliqa (ZIL) Price Prediction 2029

As per the latest upgrades, developments, ZIL price prediction, and new project forecasts of the platform, ZIL investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of ZIL in the crypto market, and it will be the best investment as the price can spike and reach around $60.

Zilliqa (ZIL) Price Prediction 2030

In the next eight years, ZIL prices could race up to $100. However, reaching this level could not be so difficult for ZIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZIL has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

ZIL has a bright future ahead of it in 2022. With the ongoing developments happening within the ZIL ecosystem, as well as in the overall crypto market, we may see ZIL reach new heights.

Bullish ZIL price prediction 2022 is $0.053 to $0.188. As said above, it may even reach $0.5 if investors have decided that ZIL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Recommended Articles