Zilliqa Price Prediction-Will ZIL price Hit $0.5 Soon?

This Zilliqa (ZIL) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ZIL price analysis and prediction.

Among the cryptocurrencies that are rallying this year, Zilliqa is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. It had a bearish run that made its investors lost over 25% of the ZIL investment, while investors in Bitcoin, Ethereum, and some other altcoins are able to count good gains in 2021.

But for those that are aware, Zilliqa has been around since 2017. It recently made headlines Brokoli Network bridged to Zilliqa blockchain and YouHodler added it as one of the assets in its platform. This is no accident, as ZIL is very cordial toward the Decentralized Finance (DeFi) community.

Can Zilliqa reach $0.5 in 2022? We will find out shortly. But before we proceed to our Zilliqa price analysis, let us first answer the question “What is Zilliqa?” in this ZIL price prediction 2022 article.

What Is Zilliqa (ZIL)?

Zilliqa is a blockchain network based in Singapore. It initially used the Ethereum blockchain before developing its own. According to its website, they aim to catalyze and transform digital infrastructure across global industries and communities. This they plan to accomplish by leveraging on their “silicon-smooth, speedy, and cost-effective” blockchain.

One of Zilliqa’s main features is sharding, a technology that aims to improve the scalability of blockchain. It also implements practical Byzantine Fault Tolerance (pBFT) and a programming language called Scilla. Finally, it has a non-custodial staking feature, as well as its governance token gZIL.

Now that we have answered the question “What is Zilliqa?”, let us find out if Zilliqa is a good investment in 2022?

Zilliqa (ZIL) Current Market Status

As of the time of writing this Zilliqa price analysis, ZIL trades at $0.057 with a 24-hour trading volume of $74,259,153. As a result, the price of ZIL has increased by 11.3% in the last 24 hours.

Furthermore, ZIL has a current circulating supply of 12.37 billion ZIL. Currently, the top cryptocurrency exchanges for ZIL are Binance, OKEx, FTX, Upbit, Bithumb, and Huobi Global.

Now, let’s proceed to the next part of this ZIL technical analysis for 2022.

Zilliqa (ZIL) Price Analysis

Currently, ZIL holds 104th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ZIL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ZIL price prediction article.

The Relative Strength Index (RSI) is an indicator that shows whether an asset is overbought, showing a strong trend or is oversold. It ranges from 0 to 100. Since, the RSI of ZIL is 57.90 which mean that it lies in the region of strong trend (between 50 and 70), we can deduce that the present gain in the price of ZIlliqa (ZIL) could continue.

From the 90 days and 30 days moving averages for Zilliqa (ZIL), it could be seen that ZIL would go bullish in the long-term since the 90-day moving average is above the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.

Zilliqa (ZIL) Price Prediction

The chart below shows that Zilliqa (ZIL) has shown a bullish trend in the past few days. Moreover, the ZIL price has dropped 9.6% in the last 30 days. If there is a reversal, ZIL might plummet to $0.04861 in support1 level and drop even lower.

Conversely, if the buyers continue to have their way by increasing the buying pressure, the bulls will have the way, thereby breaking the $0.06712 at resistance1 and move higher.

Meanwhile, our long-term ZIL price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.2563 that was attained on May 6^th, 2022 this year. However, ZIL can hit ATH only if it breaks many previous psychological resistances.

Zilliqa (ZIL) Price Prediction 2022

If this bullish trend continues, ZIL will reach $1.5 by the end of 2022. Moreover, the first half of 2022 is going to show If this bullish trend continues, ZIL will reach between $0.11 and $0.15 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $0.09. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Zilliqa (ZIL) Price Prediction 2023

IIf ZIL holds the support level around 90-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $2, making it not plummet but play consistently.

Zilliqa (ZIL) Price Prediction 2024

As per the latest upgrades, developments, ZIL price prediction, and new project forecasts of the platform, ZIL investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ZIL in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Zilliqa (ZIL) Price Prediction 2025

In the next four years, ZIL prices could race up to $10. However, reaching this level could not be so difficult for ZIL as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ZIL has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Zilliqa (ZIL) Price Prediction 2026

By 2026, the price of ZIl would reach $15 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.

Conclusion

ZIL has a bright future ahead of it in 2022. With the ongoing developments happening within the ZIL ecosystem, as well as in the overall crypto market, we may see ZIL reach new heights.

Bullish ZIL price prediction 2022 is $0.11 to $0.15. As said above, it may even reach $0.5 if investors have decided that ZIL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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