The price of Zilliqa is riding along with the ongoing price rally in the market. The cryptocurrency market is currently deep in the green, with many digital currencies breaking over major resistance levels. The price of Bitcoin (BTC) is soaring towards the $8,000 mark, after breaking over the $8k level a few hours ago. This is the highest level Bitcoin has tested this year, and the last time Bitcoin tested this level was more than 8 months ago.
Zilliqa (ZIL) News Today – Potential Partnership Between Facebook and Zilliqa (ZIL)
There are speculations about a potential partnership between Zilliqa (ZIL) and Facebook – a social media giant. The stories are yet to be confirmed, but they are associating the digital currency with the social media giant. According to some reports, Facebook may lend some interest in its project of stable coin. The team behind Zilliqa is pushing for the mainstream adoption of Zilliqa. If Zilliqa goes mainstream, the digital currency will see more use cases. It would also experience a significant increase in price. Zilliqa has a very strong team behind. If the team continues with its present effort and zeal, it would amass more partnership which would result in an increase in the price of Zilliqa.
According to reports, the CEO of Zilliqa is advancing agreements with top firms such as SpaceX and Uber. Recently, Zilliqa partnered with MaiCoin; this partnership attracted more digital asset investors to the digital currency. As more digital asset investors get attracted to the coin, the adoption of the coin will increase significantly.
Zilliqa Price Prediction
Zilliqa (ZIL) Price Today – ZIL / USD
Zilliqa (ZIL) is one of the most volatile digital currencies in the market. The digital currency stared this year around the $0.019 level. The price of Zilliqa tested its lowest point this year on the 4th of March, at $0.016. However, the price of Zilliqa has surged significantly over that level. The last crypto bull run in April saw the price of Zilliqa surged to a high of $0.02. At the press time, ZIL USD live price is $0.0189 after an increase of more than 3 percent over the past twenty-four hours, according to CoinMarketCap.
At the moment, Zilliqa is supported at the $0.015 level. On the upside, Zilliqa is facing resistance at the $0.020 level. The short-term Zilliqa price prediction is $0.02. However, the price of Zilliqa is expected to hit the $0.50 level by the end of this year.
Zilliqa Price Analysis – ZIL Is Still Alive and Ready to Surge
Zilliqa is one of the most promising crypto projects in the crypto space. Zilliqa came into the crypto space back in 2017. Since its emergence in the crypto space, it has created a massive impression in the crypto market. There are just a couple of digital currency projects that walk with top players and leaders in the tech industry, and Zilliqa (ZIL) is one of them.
According to the latest Zilliqa price analysis on captainaltcoin, Zilliqa’s daily ZILBTC chart still looks terrible – ZIL dropped out of the descending channel, currently ranging in the uncharted territories, reaching its all-time lows in BTC with every passing day. Intermediate trend is bearish and we would need a strong increase in volume to get back into the channel and pulse upwards towards the upper line of the channel.
That was an unlikely scenario up until yesterday as the market’s attention was taken up by bitcoin and its wobbly moves in the newly reached heights. However, bitcoin seems to be taking a breather and some altcoins flinched a bit and reclaimed solid ground today.
ZIL is approaching to the orange line, descending trendline which should act as a support and rebound zone for the freefalling Zilliqa.
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