Zilliqa taking U turn to the moon has left several investors hopeful about ZIL. Bullish cues in trading pattern also triggers an apprehension of whether the wild move up of Zilliqa is fake or real and on whether it is sustainable. The expectation is that if the bullish move is real it will continue for a few weeks from now. Whether ZIL will continue its upside momentum is something we will come to know in a few weeks from now.
When anything happens there is a criticism and here is a thought from a ZIL investor on Twitter: “Why is it that on 13 December the market cap shot up by a lot and the price of Zilliqa was held back? Did someone just release tons of ZIL coins at will? Why are the common investors being held back from profiting? Where is this money going? Someone Explain – Everyone needs to see!”
ZIL bulls sent the price up by 46% This price resurgence is due to market demand. The market price went up followed by increased buying of ZIL. The price took its way up when it found support at $0.01741, and the price is continuing to climb past $0.02702. From among the top 100 projects ZIL is performing well now. The price is long way down from its all-time high though.
The reasons for the price decline have been due to poor market conditions. Previously, ZIL holders were leaving ZIL when the market was worse and now, they are making their way back the ZIL ecosystem.
Zilliqa (ZIL) provides highly-performant, scalable, and secure blockchain solutions for enterprises and decentralised applications. Zilliqa are set to permit Ethereum Virtual Machine (EVM) compatibility soon. EVM defines the rules for computing new valid state from block to block.
Matt D Dyer, Zilliqa CEO will be front and centre at WEF23 in Davos. The focus will be about Web3 and there will be lot of talking about gaming. So, it looks like the focus will be on Zilliqa games. This is expected to be an excellent marketing event.
Some hope that if Zilliqa did get chosen as the platform for the WEF to mint a token then all would be rich.
It was previously known that Zilliqa will launch the Web3 Games console in early 2023, where the gaming prototype will hide the complexity of Web3 from the end-user.
Web3 aspects like crypto wallet, mining software, blockchain tech might all come into a recognizable gaming experience.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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