ZILLIQA Token Report – 21st Apr’23

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and from October 2020, it also allows for staking and yield farming.

ZIL token is ranked #86 with a market capitalization of nearly $518million. The current market price of the token is $0.032 USDT

The ZIL/USDT chart has broken out of the descending trendline with good volume on a daily time frame, immediate support is expected at 0.029 USDT and next resistance is expected at 0.038 USDT.

MintingM Rating – 3.75/5