Zilliqa receives an average short-term technical ranking of 36 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. ZIL has a superior recent technical analysis than 36% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
Trading Analysis
Zilliqa is $0.012758 (36.59%) higher than its 30-day low price of $0.034869008 while also -$0.001436 (-2.93%) lower than its high of $0.04906274 from the past month of trading. Meanwhile, ZIL’s current price of $0.047626558 is above its average price of $0.041787876 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Zilliqa suggest that traders are currently neutral on the coin.
ZIL has a average market cap compared to the majority of coins with a total market value of $626,871,492.69. The market valuation for Zilliqa is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ZIL sits underneath that mark but remains above $100 million in market capilization. Zilliqa’s average volume is average as $1,039,068,085.47 worth of the coin is typically traded over a 24 hour period. The volume for ZIL is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours ZIL’s volume is below its average with $159,659,949.38 exchanged.
Zilliqa’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Summary
Zilliqa’s price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the coin’s short-term movement.