ZIL Price Analysis July 2022

ZIL is a token of the platform Zilliqa. Its current price is around $0.03678 by the time of writing, with a low of $0.029, and its market cap is 481 million dollars.

What is Zilliqa?

Zilliqa is a blockchain platform that incentivizes a global, distributed network of computers to run through sharding to improve consumer scalability. As a result, Zil participants can earn easy profits. The platform supports non-custodial staking utilizing a proprietary system called the Zillion portal. The platform offers annual returns of 6% or more, which is impressive given that there’s a variety of stakes available.

What is ZIL?

ZIL is the coin of the Zilliqa platform, which is around $0.03678 by the time of writing, with a low of $0.029. It reached a high of $0.228, and its current ranking is #74 according to CoinMarketCap, with a market cap of 481 million dollars. ZIL is the native cryptocurrency used on the Zilliqa blockchain. It uses sharding technology, which helps it scale to several transactions on the network. ZIL coins are used to pay for computing power on the blockchain, and in return, miners are rewarded with newly minted coins.

ZIL Coin Market Analysis 

ZIL has a total supply of 16,387,212,856 coins worth around $0.03678 with a market volume of 127 million dollars, whereas the market capitalization is 481 million dollars at writing. 

ZIL Price Prediction

Zilliqa has an Ethereum-based blockchain protocol, which makes it an interesting investment opportunity. The expected high ZIL price is $0.12, and we believe this coin will be a decent investment avenue for long-term investors. In the 2H timeframe, the price action of $ZIL/USDT breaks the strong resistance trendline. We have to wait for a successful breakout to confirm its next move.

For any time, on-demand analysis on $ZIL or any other coin can join our Telegram channel.

Zil Price Chart July 2022
ZIL Price Chart July 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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Pratyaksh

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