After 300% Boost, Where Is Zilliqa (ZIL) Headed?
Zilliqa’s token ZIL benefited from a 300% price point boost on March 26th. The ZIL rate shot up from $0.045 (ZIL/USD) to $0.186. What’s amazing is that Zilliqua has managed to retain its gains and could go even higher than these record-setting numbers.
The Outlook for ZIL
Today, Zilliqa is up 23.57%, which brings the price to $0.1889 this morning. Trade volume is up 52.45%, with a trade volume of $7,185,534,169.78 over the last 24 hours. There is a lot of activity going on with this crypto at the moment, and it is one of the top trending cryptocurrencies on the market today. Zilliqa is currently ranked at #54 out of all crypto tokens.
Zilliqa has been out since 2018, and it has seen some price spikes in that time. It actually moved higher last year when it spiked around the same time, peaking at an all-time high of $0.2376. However, this crypto’s rate has not seen much action since late last year. It spent most of this year falling until last week’s price spike.
There is good reason to believe that the rate will increase further from where it is right now. When this crypto spikes, it tends to stay up for a while and then decrease over time rather than drop off drastically. If Zilliqa does not climb higher than it is now, investors should have a little time to watch the price decrease before they see a sharp decline and have to bail out.
Even so, with all the movement happening with this cryptocurrency token, there is the potential for a lot of instability and quick, drastic fluctuations. Investors should watch out for that, as top trending cryptos tend to move around quickly. Even though the market seems to be recovering, with Bitcoin (BTC) pressing forward towards $48,000 (BTC/USD) for the first time since the beginning of the year, lower ranked cryptos like Zilliqa could lose their footing unexpectedly.
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