Zilliqa Price Prediction, Will ZIL Price Hit $1 By 2022?

Zilliqa Price Prediction, Will ZIL Price Hit $1 By 2022?

The post Zilliqa Price Prediction, Will ZIL Price Hit $1 By 2022? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto space is becoming a hub of new innovations as a diverse range of crypto projects arrive into the market with the adoption of groundbreaking technologies. One among such projects, which has become the first public blockchain to implement sharding on its mainnet, was Zilliqa.

Zilliqa is a cryptocurrency project designed to scale securely in a permissionless and open distributed network. It serves as an alternative and scalable solution for decentralized applications. 

ZIL may be a good investment in the coming days and in this article, you will get a clear picture of ZIL Price Prediction for 2022 and beyond. By the end of this article, one can decide how best to allocate ZIL in the portfolio.

Overview

What is Zilliqa (ZIL)?

Zilliqa is a permissionless, public blockchain built to facilitate high throughput with the capability to confirm over thousands of transactions per second. It attempts to resolve the glitches associated with blockchain scalability and transaction speed by employing sharding as a second-layer scaling solution. 

The main aim of the network is to offer a secure and scalable blockchain platform for traders and developers who wish to build professional DeFi applications. The Zilliqa platform has its own native token ZIL, which is used to strengthen secure and fast transactions on the platform and also allow execution of smart contracts.

Fundamental Analysis

Zilliqa is a smart contract platform that authorizes innovators to build a new digital economy. It is the first public blockchain to implement the concept of sharding. It offers a more scalable and secure blockchain infrastructure. It is a permissionless blockchain sketched to offer high throughput with the eligibility to process and complete thousands of transactions per second. 

Founded by Prateek Saxena, Amrit Kumar, Max Kantelia, the blockchain is the home to many decentralized applications and allows staking and yield farming. The official development of the platform started in June 2017, further testnet went live in 2018 March. 

The platform was born at the National University of Singapore. The unique practice of the blockchain enables it to scale in a linear manner. The blossoming ecosystem consists of 60 project teams from over 20 countries. 

Also Read: Decentraland Price Prediction 2021 : MANA Price Hits $1 , What’s next?

Zilliqa Price Prediction 2021

Zilliqa traded at $0.08 during the start of January 2021. Later the price started to escalate as it acquired the attention of the investors and reached the highest levels around $0.23. However, the price dropped due to the Chinese market crisis on May 19th taking the price to $0.08571 from ATH of $0.2563. 

The ZIL price continued to drop till mid-July taking the price to $0.05343. From there the altcoin started to rise to reach a decent high at $0.1328. Yet again the financial crisis coming out of the Chinese market dumped the price level to $0.07525. 

Zilliqa Price Q4: ZIL price has traversed in ebb and flow patterns. The altcoin has formed a double top pattern in Q4. It has faced rejection of around $0.12 for two consecutive times. However, the price attempts hard to encounter the current bearish trap. If it flips at current support of $0.0699 then it is essential for ZIL price to surpass $0.1074 in order to confirm the bull run. 

The coin is anticipated to rise further with certain developments and software upgrades could take the price to a potential high of $0.5. Zilliqa might decline if the bears drag the prices down, in that case, the asset could dump below $0.01. At the end of 2021, ZIL’s price is assumed to hit $0.28 to $0.35 with average buy and sell pressures. 

Zilliqa Price Prediction 2022

ZIL might resume the year 2022 with a price of $0.25. The price might accumulate further if it concentrates on attaining more investors as well as users. By the end of 2022, Zilliqa might reach a higher price at $0.65 to $0.75. The average and minimum possibilities is being $0.6 and $0.45

ZIL Price Prediction 2025

In the next 5 years, Zilliqa is anticipated to be ranked among the top 35 currencies. The price may intensify if the bulls acquire the market and push the prices up. ZIL might concentrate on enhancing the protocol and the platform. By the end of 5 years, the highest ZIL’s price could hit a maximum of $1.8 to $2.5. The average and minimum possibilities is being $1.

Zilliqa Market Prediction

WalletInvestor

According to WalletInvestor, the altcoin could smash a maximum of $0.2079 by the year’s end, in case of average buy and sell pressures, it could end up trading at an average price of $0.172. Zilliqa is a good investment for the long term and it could reach a maximum of  $0.528 and is anticipated to hit $0.413 by the end of 2025.

Digitalcoinprice

According to digital coin price, the price is expected to hit $0.1055 by the end of 2021 and $0.2098 by the end of 2025.

Trading Beast

Trading beasts predict the ZIL price may reach a maximum of $0.107 and if it falls into the bear trap then would end up trading at $0.0856 by the end of 2021. And a maximum of $0.1479 by the end of 2024.

Our Zilliqa Price Prediction

ZIL intends to offer more scalability and security, the coin may soar and hit new highs. The coin might gain more momentum if it works effectively on certain collaborations with other projects. By the end of 2021, ZIL may hit as high as $0.355 to $0.4.

Also Read: UMA Price Prediction, Will The Price Hit $100 by 2021?

Historical Market Sentiments

2018

Zilliqa made its existence in the crypto world on 26 January 2018 with a trading value of $0.18 according to Coinmarketcap. The coin dramatically plunged to $0.04 within a few days and again slid to $0.03 by mid-March. 

Further, with a certain recovery, the coin drastically spiked to $0.23 on 10 May to hit an All-Time-High. Later the price failed to be stable and shockingly sank to $0.02 by Mid August. Later with certain price indifferences, the currency reached $0.02 to end the year 2018.

2019

On a bearish note, ZIL entered the year 2019 with a cost of $0.01. The price remained stable until it recovered to $0.02 by April. Further, the price again swang to $0.01 and reclaimed its resistance at $0.02 by June. Terribly, the coin started a downtrend and declined to $0.004 by the end of September. However, ZIL closed the year 2019 with a trading price of $0.004.

2020

With a bearish cycle, Zilliqa started the year 2020 at a trading value of $0.004. With certain price inequalities, ZIL declined to $0.003 by mid-March as the fall of the cryptocurrency market due to the Covid-19 outbreak. Progressively, Zilliqa recovered to $0.02 by mid-June and further started to variate and declined to $0.01 by September. Later with certain price indifferences, ZIL moved to $0.08 by December to end the year 2020.

FAQ