Zilliqa (ZIL) Price Analysis: Forecasting Slump of ZIL in 2019

Zilliqa Price Analysis:

Zilliqa (ZIL) became the first Blockchain to launch its MainNet through “Sharding”. Sharding is based on idea which means” divide and rule” in which transaction are divide into smaller units for mining to perform parallel verification of transactions.

If you are many of the Zilliqa coin holder this Zilliqa Price Analysis is very important for your trading. It will let you know about the current status and about forecast prediction of coin.

Zilliqa News:

Jiayaoqa give his point on Zilliqa (ZIL) on 30 June in his Tweet

Before founding Zilliqa, I was doing a lot of work on privacy-preserving protocols and systems. Glad to know one of the papers is accepted by RAID https://www.raid-2019.org/accepted.html, “PRO-ORAM: Constant Latency Read-Only Oblivious RAM”. Hope we can bring some concepts into Blockchain space.

 

Zilliqa (ZIL) gave a proposal to all exchanges of cryptocurrency

A call to all exchanges: Please reach out to us as soon as possible if you wish to enable Zilliqa #tokenswap on your platform.

 

Statistics:

  • The total market cap of Zilliqa (ZIL) is $143,693,312 USD and 12,683 BTC.
  • The 24 hour volume is $16,788,320 USD and 1,482 BTC.
  • The total circulating supply of Zilliqa (ZIL) is 8,687,360,058 ZIL.
  • Zilliqa (ZIL) rank on Coin Market Cap is #62.

Price of Zilliqa

The current price of Zilliqa (ZIL) is $0.016541 USD and 0.00000146 BTC.

Comparison:

Trend line of Zilliqa (ZIL) is affected by continuous volatility. The bullish and bearish patterns are moving side by side making a rectangular pattern. The strong resistance level is at $0.027 USD and support level at $0.015 USD.

Zilliqa (ZIL) Price Prediction

Zilliqa (ZIL) Price Prediction:

The coming week forecast prediction about the price value of Zilliqa (ZIL) clearly telling us about the tumbling of price value to its lowest value.

Zilliqa (ZIL) Price Prediction

Source: WalletInvestor.com

The long term condition of Zilliqa is very bad. The chart showing us the gradual declining of trend line over the next year.

Zilliqa (ZIL) Price Prediction

Source: WalletInvestor.com

  • The respective resistance levels of Zilliqa (ZIL) are $0.0186 USD, $0.0180USD and 0.0173 USD.
  • The respective Support levels are $0.0159USD, $0.0153USD and $0.0146 USD

 

Conclusion:

Technical analysis coin is clearly showing that, Zilliqa (ZIL) will slump in near future. Selling pressure is dominating and bearish trend is in control.

  • Please feel free to share your prediction about price value of Zalliqa (ZIL) token. We will consider your point of view and it will motivate us to present you with price analysis of different coins.
  • If you want from us to give a detailed analysis of any coin, please leave a comment in comment box.

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Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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