Metaverse is the most hyped topic of 2022 and Metapolis is one of the most anticipated projects of this spring. After the announcement of its official launch, the price of the ZIL token quadrupled in just a week. The market analysts believe the token might gain even more value in the nearby future. Read our Zilliqa coin price prediction to stay aware of the market changes.
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Zilliqa Price Prediction: Is It the Right Time to Buy Zilliqa?
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Table of Contents
Zilliqa Fundamental Analysis
Project name
Zilliqa
Stock Symbol
ZIL
Current Price
0.02712
Current Supply
17340495399.180645
Launch Date
2019
Official Website
Zilliqa is a smart-contract blockchain platform initially designed to scale thousands of transactions per second. To improve blockchains' scalability and speed Zilliqa utilizes sharding as a second layer scaling solution. With the development of the technological stack, the vision of the project moved towards Web3.
The project started in 2017 when the development team started to work on the platform. Zilliqa's testnet went live in March 2018 and in June 2019 the mainnet was launched. The project calls itself the first in the world public blockchain that entirely relies on the sharding network. Zilliqa aims to become a number-one choice for the big enterprise companies including the ones in gaming, entertainment, finances, and advertising.
Elliptic-curved cryptography is used to secure Zilliqa’s consensus protocol and allow the multi signatures. The network utilizes the proof-of-work mechanism to assign node identities and generate shards.
The platform has its own programming language called Scilla, which helps guarantee the safety of smart contracts. It was the first peer-reviewed smart contract programming language that entered the production platform.
Currently, the network runs millions of transactions each month and continues to scale, with the number of blocks produced daily reaching 2500. Zilliqa is also about to release its Metaverse called Metapolis on April 2. The company promises to offer new ways of engagement for both the virtual and digital worlds.
ZIL is a native token of the Zilliqa blockchain. First, it was launched as an ERC-20 token, but in 2019 when Zilliqa went live on the mainnet all the tokens were transferred there during the token swap event that concluded in February 2020.
Zilliqa Live Price Chart
2021 wasn’t a very successful year for the Zilliqa coin. After the bull run during the spring of 2021, when ZIL price managed to reach $0.23, the token price started to fall into the downtrend. First, it was pulled off to a level of $0.13 at the beginning of May and later continued to fall.
By the middle of June ZIL was traded for $0.09 and then dropped even more, going deeper to $0.06. Later that month the coin recovered and fell again, this time trading for $0.05.
At the end of July, the asset started to show the first signs of recovery, and the ZIL token started to grow again together with the rest of the crypto market. The coin was on the uptrend till the beginning of September when it reached $0.13. After that, the price started to shrink again. And by the end of September ZIL was pulled off back to $0.07.
When the crypto market went into a significant uptrend in October ZIL stayed relatively stable bouncing between $0.09-$0.11, but at the end of autumn, the ZIL crypto price chart went bearish again. By December 20 the price reached $0.05, then went up to $0.07 at the beginning of 2022 but then continued collapsing.
At the end of February ZIL was trading for $0.04 and wasn’t showing any signs of going bullish. But as soon as the launch of Metapolis was announced the prices of the Zilliqa coin skyrocketed. In a matter of a week, the asset gained over 350%, reaching $0.18. The experts think that that’s just the beginning of ZIL’s bull rally and expect the token price to go up when the Metaverse is finally out.
Zilliqa Technical Analysis
Despite the fact that 100% accurate technical analysis for Zilliqa cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ZIL buy-and-sell rating for selected timeframe. The summary for ZIL/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Zilliqa Price Prediction
Below we have collected the most reliable price projections for Zilliqa (ZIL) from popular forecast platforms.
Zilliqa Price Prediction for 2023
As for Zilliqa price predictions for 2023, there are divergent opinions. WalletInvestor expects a downturn towards $0.004068, and TradingBeast echoes with ~$0 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Zilliqa’s future price, citing upwards of $0.030374 in December.
Potential ROI:
-58%
Sell
Zilliqa Price Prediction for 2024
In their Zilliqa price predictions for 2024, PricePrediction.net’s forecasts the coin’s price to go above $0.028747 by December. Forecasting Zilliqa's future, WalletInvestor expects further growth, too, saying the Zilliqa price will reach ~$0.050172 by that time. On the contrary, TradingBeast keeps predicting Zilliqa price decline, quoting prices around ~$0 in 2024.
Potential ROI:
-3%
Sell
Zilliqa Price Prediction for 2025
Zilliqa price predictions for 2025 are still predominantly negative, with some analysts promising prices in the $0–$0.016814 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.030374 in December 2025.
Potential ROI:
-42%
Sell
Zilliqa Price Prediction for 2026
PricePrediction.net has only pessimism in store for the 2026 Zilliqa price prediction, valuing Zilliqa at $0.026035 by the end of 2026. TradingBeast agrees with a negative forecast and predicts, in turn, $0 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Zilliqa price prediction for December of this year is just $0.04746.
Potential ROI:
-10%
Sell
Zilliqa Price Prediction for 2030
Speaking of long-term Zilliqa price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that Zilliqa price won’t grow further and, opposedly, will decline to $0.01356. TradingBeast’s price prediction for Zilliqa echoes with the projection of a downtrend to $0. Despite this, WalletInvestor’s vision remains positive, promising growth up to $0.04529.
Potential ROI:
-28%
Sell
Summary
As it can be clear from the analysis cited above, Zilliqa (ZIL) projections are rather contradictory. There is no universal consensus either about positive or negative future ZIL price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Zilliqa projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer:
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
