Cryptocurrency Price Prediction

Zilliqa Price Prediction: Will ZIL Price Close 2022 At $1?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 9, 2022

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The crypto-verse has been generous for newer innovations, as the interest of marketers diverges from mainstream projects.  As a result of which, a range of crypto projects have arrived in the market with 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. The network has taken the business by storm, with its metaverse – Metapolis. Which has helped the price raise bars at an astounding rate.

Wherefore, investors and traders are keen on investments in Zilliqa. Are you keen on investing in ZIL, but doubtful of its returns? Look no further, as we decode the plausible price trajectory of ZIL for 2022 and the years to come.

Overview

CryptocurrencyZilliqa
TokenZIL
Price$ 0.0506
Market cap$ 728,444,908.0000
Circulating Supply$ 14,367,992,894.2419
Trading Volume $ 140,126,128.0000
All time high$ 0.0000 Jan 1, 1970
All time low$ 0.0024 Mar 13, 2020

Zilliqa (ZIL) Price Prediction For 2022

Potential LowAverage PricePotential High
$0.2567$0.3298$0.4275

  ZIL had initiated its business for 2022, with a trading value of $0.0748. Continuing its gradual downtrend from the past year, followed by a crash in the market. The price found support at $0.04586 on the 23rd of January. The price was seen moving sideways until the 4th of February. From when the asset gathered steam to claim $0.0580, by the 8th day of February.

However, the leg-up was short-lived as torments in the industry, pushed the numbers to a narrow bandwidth. Where the price ranged from $0.05120 to $0.03747. On the 26th of March, ZIL’s price portrayed a single-day spike of 104.56%, uplifting the price to $0.09850. Following a halt, for 3-days the altcoin boasted another massive candle of 88.98%. Following this, the quarter was closed at $0.1808.

Zilliqa’s (ZIL) Price Prediction For Q2

After ZIL’s ecstatic flight towards the end of the previous quarter. The price of ZIL has been making in-roads to the south. The asset is presently holding onto its support of $0.1188. Post an accumulation over the month, the digital coin could initiate a leg-up, above the immediate resistance at $0.1381. That could push the price to $0.1709

Rhyming its past projections, ZIL’s price could hit a maximum of $0.2058. Whilst routine trade practices could settle the price, with an average rate tag of $0.18250. Conversely, the win of the bears could chain the price to $0.1374.

ZIL’s Forecast For Q3

 If Zilliqa seeks impetus from ascending volumes, smart contract transactions, burn rate, and updates around the Metapolis. The price of the altcoin could push the digital asset beyond its ATH of $2.563. To a new all-time high of $0.2882.

That said, negative sentiments, a fall in volumes, could drag the price to its potential low at $0.1685. Collectively, considering the bullish and bearish cases, the average price could remain at $0.2027.

ZIL Prediction For Q4

Growing userbase, collaborations and adoptions could act as a catalyst in propelling the price to a maximum value of $0.4275. Whilst growing competition in the metaverse and negative criticism can push the price to $0.2567. A constant move in buying and selling pressures could settle the price at regular levels of $0.3298.

Zilliqa’s Price Forecast For 2023 

 The network would find a growing count of adopters and users in 2023. Moreover, the metaverse could also welcome major investors. As a result of which, ZIL price could trade at a maximum level of $0.7328. On the flip side, bears weighing heavier than the bulls could drag the price to $0.4684.

Price Prediction For The Next 5 Years

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 is a maximum of $2.506. The average and minimum possibilities are at $1.8 and $1.031, respectively.

YearPotential LowPotential High
2023$0.4684$0.7328
Next 5 Years$1.031$2.506

Zilliqa Market Prediction

Wallet Investor:

According to Wallet Investor, the altcoin could smash a maximum of $0.153 by the year’s end. In case of average buy and sell pressures, it could end up trading at an average price of $0.114. Zilliqa is a good investment for the long term and it could reach a maximum of  $0.241 by the end of 2025.

Digital Coin Price:

According to Digital Coin Price, the price is expected to hit a maximum of $0.17 by the end of 2022. The firm forecasts minimum and average levels at $0.15 and $0.16 respectively. The analysts from the firm expect ZIL price to surge to a maximum of $0.19 by the end of 2023. And $0.25 by the end of 2025.

Trading Beast:

Trading Beasts predicts the ZIL price may reach a maximum of $0.202 by the end of 2022. Whilst regular buying and selling pressures could settle the price at $0.162. Bears could drag the price down to $0.137. The firm has set maximum year-end targets for 2025 at $0.290.

Click here to read our price prediction on Decentraland’s MANA!

What is Zilliqa (ZIL)?

Zilliqa is a permissionless, public blockchain built to facilitate high throughput with the capability to confirm 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 enable faster transactions. While also allowing the execution of smart contracts on the platform.

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. That offers a more scalable and secure blockchain infrastructure. Zilliqa 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, and Max Kantelia, the blockchain is the home to many dApps 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.

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. That said, by the end of 2022, ZIL may hit as high as $0.29. In the interim, the minimum and average targets for the year would be at $0.17 and $0.2 respectively.

Historical Market Sentiments

2018

  Zilliqa made its existence in the crypto world on the 26th of January 2018 with a trading value of $0.18. 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 a new ATH of $0.23 on 10th May. Later the price failed to remain stable and sank to $0.02 by Mid-August. Later with price indifferences, ZIL closed the year at $0.02. 

2019

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

2020

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

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 its highest level at around $0.23. However, the price dropped due to the Chinese market crisis on May 19th taking the price to $0.08571.

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.

ZIL price has traversed in ebb and flow patterns. The altcoin had formed a double top pattern in Q4. It had faced rejection of around $0.12 for two consecutive times. However, the price attempted hard to encounter the bearish trap. Following a slide, the altcoin closed its annual trade at $0.0787.

To read our price prediction of Tron’s TRX click here!

FAQ

Q: Can Zilliqa be mined?

A: No, Zilliqa cannot be mined?

Q: What Is Sharding?

A: Sharding is a scaling solution that splits the transaction validating nodes in the blockchain, into tiny components.

Q: Is Zilliqa worth buying for higher returns on investment?

A: Yes, Zilliqa is worth buying for the long term. Considering the protocol’s move towards its metaverse, the price will eventually compound on gains.

Q: How high can ZIL price escalate by the end of 2022?

A: ZIL price could possibly claim its potential high of $0.2882 by the end of 2022.

Q: Where can I trade Zilliqa’s ZIL?

A: Zilliqa’s ZIL is available for trade across leading cryptocurrency exchange platforms such as Binance, OKEx, HitBTC, Upbit, and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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