Ziliqa (ZIL) has made history by joining the hoard of Layer 1 blockchain protocols spreading their tentacles, especially into the Ethereum (ETH) world. In a recent announcement, Ziliqa revealed that it has successfully launched its Ethereum Virtual Machine (EVM) protocol and is now fully live on the mainnet.

Hello Everyone, The mainnet upgrade has successfully been deployed and #EVM is now live on #Zilliqa! The network is now processing transactions normally and exchanges can resume ZIL deposits and withdrawals. pic.twitter.com/2UjkaRaAWs

— Zilliqa (@zilliqa) April 25, 2023

The EVM upgrade has helped the price of ZIL to regain its tempo after days of reeling in losses. The digital currency is now up by 1.74% over the past 24 hours to $0.03019.

EVM compatibility marked a very good omen for the Ziliqa protocol as it is being underscored by the community. As a protocol with smart contract capabilities, the ability to interoperate with other protocols remains a key springboard for growth. The switch to Ethereum has further positioned dApps on ZIL to tap massive liquidity from other EVM compatible protocols in the Web 3.0 ecosystem.

The upside potential for ZIL is innumerable as the cryptocurrency will undoubtedly be receiving additional utility that is bound to help in stabilizing its price. Ziliqa noted that active protocol activity has resumed following the EVM compatibility upgrade, an indication that it is fully ready for business.

Growing EVM compatibility build-up

Ethereum has retained its rank as the world's second largest blockchain network but the biggest in relation to smart contract functionalities. Based on its dominant position in the ecosystem, Ethereum has been seeing a lot of protocols develop EVM compatibility tools in a bid to plug in and connect to the liquidity source powering the blockchain.

Among the top standalone protocols that have launched their own EVM compatibility in recent times, as reported by U.Today, include decentralized storage service protocol Filecoin (FIL), as well as EOS protocols.

EVM compatibility growth is a positive one both for Ethereum, Ziliqa and every other relevant protocol.

#zilliqa #zil #crypto2023 #crypto #Binance

FIRST COIN: FLOW

FLOW began trading in the lower half of its range in March. The price shows no clear signs of its next direction.

Last week, the price swept bulls' stops under a swing low at $0.896. This low is near the midpoint of March 6th's weekly wick and rebalanced daily gaps from March 9th to March 12th. These factors could help this level to hold as support.

If the price does bounce from this level, bulls might take some profits between $0.976 and $1.019. This area saw consolidation before mid-April's run on bears' stops and the following crash. 

It also has confluence with the April monthly open, an unfilled daily gap, and the 40 EMA. Wednesday's upgrade may prompt a spike into this level before a possible retracement.

A break through this resistance could reach a region between $1.068 and $1.112. On the weekly chart, bears rejected bulls twice in this zone. It also contains bears' stops above the $1.080 weekly swing high and a revisited daily gap from March 3rd.

Should bulls fail to hold the current support, their stops under the $0.814 swing low might be the next downside target. 

The weekly chart shows an unfilled gap under this low, near the origin of January's rally. This gap may create a bullish setup or act as a speedbump for the price if it gravitates toward bulls' stops under December's low at $0.638.

SECOND COIN: ULTRA

UOS exploded 122% upward since March - followed by a sharp 31% retracement toward bulls' stops under April 12th's swing low at $0.28614.

The price traded below the midpoint of April 11th's accumulation, increasing the odds of a run under this low. Tuesday's launch could catalyze this run as traders "sell the news."

If this stop run occurs, the weekly gap under this low from $0.28614 to $0.25290 might pause or reverse the down-move. February 23rd's daily consolidation between $0.26748 and $0.23377 may offer more sensitivity. 

However, bulls' stops under swing lows at $0.22932 and $0.20650 offer appealing targets to bears.

Bulls could find resistance at April 19th's daily gap from $0.34421 to $0.36100. Inside this gap, bears rejected bulls at $0.35116, which might offer more sensitivity. It has confluence with August's monthly bearish rejection of bulls.

If the price breaks through this resistance, it may draw toward bears' stops over relatively equal swing highs near $0.41171. This level is near the midpoint of September 5th's broad weekly distribution and April 10th's weekly bearish rejection of bulls.

THIRD COIN: ZIL

ZIL is struggling to leave the range it has traded in since November. The price is compressing near the top of this range, creating multiple sets of relatively equal highs. Bears' stops clustered near these highs offer an appealing target to bulls. 

If the price continues grinding higher along its bullish trendline, it could find near-term support near $0.03147. Bulls accumulated on the daily chart near this level, which has confluence with the March monthly open and 18 and 40 EMAs.

Just above, the price is finding resistance near $0.03283. A daily gap at $0.03351 provides more sensitivity. Bears rejected bulls on the weekly chart at this level during the week of February 20th. 

If this resistance breaks, the price might run bears' stops above the relative equal swing highs. If so, a weekly gap at $0.04143 may see profit taking.

Although relatively equal highs above offer a strong bullish draw for the price, bulls' stops along the clean trendline below also create a strong draw lower for at least a stop run. 

Tuesday's release could provide a catalyst for a stop run either way. There are no clear hints yet as to which direction.

If bears take control, the price might aim for bulls' stops under weekly swing lows at $0.02826, $0.02521, and possibly as low as $0.02128. 

Higher-odds support may exist in a broad area between $0.02497 and $0.02015. Consolidation took place here before January's rally. It holds a revisited weekly gap from January 9th, January's monthly gap, and December's accumulation.

#zilliqa #ultra #flow #dyor #Altcoin

Zilliqa price edges closer to a massive upswing to $0.0974.

This rally is contingent on ZIL bulls defending the $0.0279 support floor.

A decisive flip of the $0.0279 foothold will invalidate the bullish thesis.

Zilliqa price looks primed for an explosive move, similar to the one seen in March 2023. The recent recovery of ZIL above a crucial hurdle indicates the resurgence of bulls and adds credence to the bullish narrative.

Additionally, Zilliqa plans to establish EVM (Ethereum Virtual Machine) compatibility on April 25.

The implementation of EVM compatibility is the first step in a number of major technical changes coming to Zilliqa in the near future. Moreover, this update will allow ZIL users to transfer the blockchain’s native tokens to EVM dApps and wallets without hassle.

This upgrade will be the start of a new era for Zilliqa price and ZIL holders. The technicals are also hinting that the token is preparing for a massive rally.

Also read: Zilliqa Price Prediction: ZIL primed for 55% breakout

Zilliqa price ends its accumulation and manipulation phase

Zilliqa price, on the weekly chart, shows an interesting pattern that forecasts humoungous gains for its users. This setup is termed ‘Power of 3’ (PO3), and it contains three phases with one key requirement to be fulfilled:

The asset needs to consolidate above a significant support level, which denotes the accumulation phase.

Following this tightening, the asset drops lower to collect liquidity below a key swing low. This is the manipulation phase. 

A recovery above the recently broken level will confirm the start of the next phase - Distribution.

Zilliqa price has completed two phases, i.e., accumulation and manipulation and recently recovered above the $0.0291 support level, confirming the start of the distribution phase. As ZIL climbs higher, smart money that accumulated the token in the manipulation phase will distribute their holdings to book profits. 

As seen in the chart below, Zilliqa price should technically slowdown its bullish momentum after tagging the $0.09744 hurdle, which would be a 217% ascent. Beyond this level rests the lower limit of a weekly bearish breaker at $0.1175, a retest of which would indicate total gains of 283%. 

Additionally, investors need to note that the Relative Strength Index (RSI) has recently flipped above the 50-line after spending 343 days below it. The Awesome Oscillator (AO) has also climbed above the zero line after spending nearly 330 days below it. 

The recent move in both the momentum indicators suggest that the long-term narrative is shaping up to support an upward thrust in Zilliqa price.

While the outlook for Zilliqa price certainly looks optimistic, this forecast is a long-term one. Investors need to pay attention to the change in macroeconomic standings as it could negatively impact Bitcoin price, the effects of which could ripple out to altcoins, including ZIL.

If this outlook does come to pass and there is a massive spike in selling pressure that pushes Zilliqa price to produce a three-day candlestick close below the $0.02791, it will invalidate the bullish thesis.

In such a case, Zilliqa price could revisit the $0.02272 support structure.

#Binance #BTC #zil #zilliqa #BullRun

Amid the bearish trend that suppressed several coin prices, including Bitcoin, the Zilliqa token emerged among the gainers. Zilliqa secured first place among top-gaining coins in the bearish cryptocurrency market with a 9% uptrend over the past 24 hours.

This price move follows a network performance statistics update shared by a Twitter community member @inna_everstake. According to stats, Zilliqa reached a new milestone in network addresses and daily transactions.

Zilliqa Hits Milestone In Network Activity

Zilliqa is a permissionless public blockchain that offers high transaction throughput. It aims to improve blockchain scalability and speed using sharding as a layer2 scaling solution. 

The Zilliqa network relies on shards to solve scalability issues. Each shard processes transactions independently. The number of transactions increases as the Zilliqa network grows and the number of shards increases.

Related Reading: Shiba Inu (SHIB) Price Momentum Screeches To A Halt: What’s The Outlook?

The recent network performance statistics suggest the Zilliqa network is rapidly growing and has gained more traction. According to the update, Zilliqa recorded 4,582,116 addresses with 47,937,935 transactions and over 5.5 billion staked ZIL tokens. 

The statistics are incredible, given Zilliqa’s position in the cryptocurrency market compared to other Smart Contract platforms like Cardano, Ethereum, and Solana. Another notable fact is that the total addresses recorded participate in active daily transactions.

Zilliqa’s improved performance could be due to the increasing number of new developers coming to build on the network. The Zilliqa ecosystem has been active in running innovative programs that attract new Web3 developers, which is why the network addresses and transactions skyrocketed.

ZIL Price Outlook Amid The Boost In Network Performance

Zilliqa is among the coins with the most dynamic price movement this year. Zilliqa opened in 2023 at $0.01585 but gradually rallied to its current price of $0.0331, a notable increase amid slight pullbacks.

Although ZIL is still 87.33% down from its all-time high price of $0.2563, recorded on May 6, 2021, it has improved considerably since 2020. 

ZIL’s price is over 1,210% higher than its all-time low of $0.002477 on March 13, 2020. At press time, ZIL is trading at $0.331, a 9% price increase from the April 20 closing price of $0.03015.

Related Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace – Here’s Why

Even ZIL’s trading volume has increased by over 38% from $116.69 million on April 20 to $190.71 million today, April 21. That could be a further confirmation of increased network activity. 

ZIL also recorded a nearly 11% price gain over the past seven days when coins like Bitcoin and Ethereum gave up theirs. The token now has over 12% price increase in the last two weeks.

From the technical perspective, ZIL’s market sentiment is bullish, with the oscillators and moving averages flagging a strong buy signal.

#Binance #crypto2023 #zilliqa #zil #ETH

Zilliqa price tanked 15% after it peaked Wednesday.

ZIL is nearing vital support that will keep this rally alive.

Expect to see a test and bounce higher for ZIL.

Zilliqa (ZIL) price sees bulls taking a step back as they show some fatigue in their rally that has been ongoing since March. Although a 15% slide looks threatening and scary, the rally is still in good health and shows no signs of ending anytime soon. With the Relative Strength Index (RSI) nosediving, the next bullish spike could be the one that takes out $0.037 and lifts profit by over 20%.

Zilliqa price has bulls taking a small pause before picking up pace again

Zilliqa price is undergoing quite a fade after price action peaked near $0.036 and did not make it up toward $0.037 for a retest of the high of February. Instead, a big fade got underway that is currently trading over 13% to the downside. With that sell-off, the RSI is taking a plunge as well and is already below 50, heading toward  oversold territory. 

ZIL sees perfect momentum being created for a new spike higher as support is set to come in at the green ascending trend line near $0.030. Even if that level does not hold, the pivotal historical level at $0.029 and the 55-day Simple Moving Average (SMA) can do the trick. The quick spike up could be proven an even bigger one on Tuesday and might take out $0.037 with a 20% gain in the pocket.

The threat of more losses could come if even that 55-day SMA does not hold the line near $0.029. That 13% loss could double to near 30% if the 200-day SMA at $0.026 fails to step in and save the day, while $0.023 would be catastrophic for bulls. In case ZIL tanks all the way toward there, that means a 40% sell-off as bulls are squeezed out of their position.

#Binance #crypto2023 #zilliqa #zil #BullRun

The first full version of EVM compatibility will be deployed to the Zilliqa mainnet on April 25.

As per the announcement, WEB3WAR v1.0 is now available and may be played without cost.

Zilliqa, a blockchain platform for layer-1 smart contracts, was created in 2017 and released to the public in 2019. It announced the release of EVM compatibility on the Zilliqa testnet in December 2022, paving the way for Solidity-based smart contracts to be implemented directly on the Zilliqa blockchain.

By supporting EVM, it can welcome more blockchain developers into the Zilliqa ecosystem and enable the widespread use of popular wallets like MetaMask.

Deployment on April 25th

When this EVM implementation goes live on the mainnet, users will be able to send and receive native ZILs using wallets like MetaMask and utilize popular development tools like Truffle and Hardhat to deploy Solidity smart contracts.

When this testnet deployment is complete, the first full version of EVM compatibility will be deployed to the Zilliqa mainnet on April 25th, 2023.

What’s more, the blockchain network revealed a prototype of its gaming console last year with the intention of hiding the complexities of Web3 from the end-user.

When this round of testing is complete, the gaming console was expected to be released in the first quarter of 2023 with the simultaneous release of two Zilliqa-native games, one of which is the first-person shooter (FPS) game WEB3WAR. The newest announcement states that WEB3WAR v1.0 is now available and may be played without cost.

Premiering during Metaverse Fashion Week is the NFT collection based on Zilliqa and influenced by the animated video Dr. Death. As a result of these events, ZIL’s price has risen by almost 15% in the last week, suggesting that buyers have the upper hand. The current Zilliqa price is $0.030830 USD, and the 24-hour trading volume is $289,624,082 USD, as reported by CMC. In the last 24 hours, Zilliqa gained 1.00%.

#ZIL #zilliqa #crypto2023 #Binance #crypto

Zilliqa price surged to the highest point since February 23rd on Wednesday as investors waited for the upcoming EVM launch. ZIL soared to a peak of $0.036, which was about 68% above the year-to-date low. This makes it one of the top-performing cryptocurrencies in the industry. Other altcoins like AltSignals (ASI), Internet Computer (ICP), and Oasis Network are doing well.

Zilliqa EVM launch

Ethereum has grown to be the biggest blockchain for smart contracts globally. This is seen in the rising number of dApps in its ecosystem. For example, in decentralized finance(DeFi), Ethereum has a total value locked (TVL) of over $70 billion and a market dominance of almost 70%.

The same is true in the non-fungible token (NFT) industry, where collections like Bored Ape Yacht Club (BAYC) dominate. On average, Ethereum NFT sales in a 24-hour period are usually above $25 million.

Therefore, there are two main trends in the blockchain industry. First, there is a general move to layer-2 networks, which are sidechains that process Ethereum transactions faster at a a lower cost. Some of the top layer-2 networks in the industry are Cartesi, Optimism, and Arbitrum.

Second, to boost interoperability, many blockchains are launching their Ethereum Virtual Machine (EVM), EVM is a piece of software that executes smart contracts on the Ethereum network. It helps to boost interoperability within different chains. Some of the most popular chains that are working on EVM are IOTA, EOS, and Zilliqa.

The next key Zilliqa news will be the launch of its EVM implementation on mainnet that will happen on April 25th of this year. The implementation will go live at 08:00 UTC time.

Integrating EVM will have numerous benefits for the Zilliqa ecosystem. For example, users will now be able to transfer their native ZILs using popular wallets like MetaMask. Also, developers will be able to deploy Solidity smart contracts.

Zilliqa price prediction

The 4H chart shows that the ZIL price has been in a relentless bull run in the past few weeks. This rally has seen it jump from the year-to-date low of $0.021 to a high of $0.036. It has managed to move above key psychological levels. Most recently, it moved above the key resistance at $0.0328, the highest point on April 2. By moving above that price, the coin invalidated the double-top pattern that was forming.

Zilliqa has moved above all moving averages while oscillators are pointing upwards. Therefore, there is a likelihood that the coin will continue surging as buyers target the next key resistance point at $0.037, the highest point in April this year.

AltSigjnals token sales continues

Another major theme in the world today is artificial intelligence. AI has been called one of the biggest discoveries, in the same lens as fire and tire. Today, AI platforms like Google’s Bard and Microsoft’s Bing have become so powerful that they can write software, compose music, and write stories.

Analysts believe that most industries will be affected by AI in the coming years. For example, it will affect the financial industry by conducting analysis and delivering recommendations. AltSignals is one of the top platforms that is working to implement AI in the industry.

AltSignals is a profitable platform that conducts analysis and sends signals on key assets like forex and cryptocurrencies to people. Now, as part of its growth, the developers are working to integrate AI in its platform in a bid to improve outcomes. AltSignals is highly beloved by its users, as you can read in its Trustpilotrating platform.

As part of this transition, AltSignals is carrying a token sale for ASI. ASI is the token that will power the platform. It will be used to make payments and encourage other participants in the ecosystem. Also, it will be used for voting purposes when the Decentralized Autonomous Organization (DAO) launches.

AltSignals token sale soars

AltSignals’ token sale has been successful. In just a few weeks, the developers have raised over $592k, which is about 54.82% of their goal. With each token going for $0.015, there is a likelihood that demand for the token will continue rising in the coming weeks. You can buy the ASI token here.

Investing in token prsales can be a highly profitable strategy. A good example of this is the recent launch of Metacade, a platform that raised about $16 million in its token sale. A few days after the token launch, the platform is valued at over $25 million, meaning that original buyers have been profitable.

Is ASI a good investment?

The AltSignals white paperhas described how the platform works and what it wants to achieve. And based on the fact that AltSignals is already profitable, I believe that ASI is a good buy. However, as with other cryptocurrencies, there are risks involved, meaning you should work to limit your downside. For example, you should not allocate all your money on ASI or any other coin for that matter.

#zilliqa #zil #crypto2023 #crypto #Binance

Zilliqa mainnet activates its long-awaited Ethereum Virtual Machine compatibility upgrade on Tuesday, April 25. 

Features include faster transactions, native transfer of tokens without conversion and better scalability. 

ZIL price nosedived to $0.029, bulls are closely watching the EVM event to trigger likely recovery in the token. 

Zilliqa, a high-throughput blockchain is set to activate its Ethereum Virtual Machine (EVM) compatibility on Tuesday. Through this update, the project will enable several key features like faster transaction processing, native transfer of tokens without conversion and higher decentralization. 

ZIL price yielded nearly 5% losses for holders overnight, it remains to be seen whether the EVM upgrade acts as a catalyst for the token’s recovery. 

Zilliqa development team has announced the arrival of Zilliqa 2.0 with the upcoming EVM upgrade on Tuesday. The upgrade will activate the blockchain’s compatibility with EVM and this will allow traders to transfer tokens without converting them, cutting out complex processes. 

According to ZIL’s official blog post, EVM compatibility will make it easier for traders transferring Non Fungible Tokens (NFTs) between the EVM and Scilla interfaces. Currently, transactions on Zilliqa take up to two minutes and the upgrade could cut waiting time from two to five seconds. 

The team is looking at reducing downtime for network upgrades and boosting the user experience for both developers and users. 

ZIL price wiped out its recent gains from the past two weeks. The token has yielded nearly 5% losses for holders overnight. ZIL holders are closely watching the EVM compatibility upgrade to determine whether it can act as a bullish catalyst for the token’s price. 

Interestingly, there was a notable decline in the social dominance of ZIL, implying that the token is not a “topic of interest” or being actively discussed on social media platforms. 

If social dominance nosedives lower, the EVM upgrade could turn out to be a non-event for ZIL and the token could continue to bleed. Crypto experts at World of Charts believe ZIL is prepared to break out of its multi-month downtrend and the asset is set to hit a bullish target of $0.085, as seen in the chart below. 

ZIL price needs to close above the trendline on the one-day price chart, to validate the expert’s bullish thesis. 

Failure to breach the trendline could invalidate the bullish thesis and result in further consolidation in ZIL. The bullish target of $0.085 was previously breached between April and May 2022. For evidence, traders could identify a breakout bar to confirm the thesis. Three green bars in succession could help affirm the bullish breakout theory for ZIL price. 

#Binance #BTC #crypto2023 #zil #zilliqa

Cryptocurrencies are gaining more attention every day, and the week of April 6 is no exception. Several coins are worth keeping an eye on as they make moves in the market. Here are some of the top cryptocurrencies to watch this week:

Stellar (XLM) Stellar is a blockchain platform that aims to facilitate cross-border payments and remittances. Its cryptocurrency, XLM, has been on the rise lately, with a market capitalization of over $8 billion. Stellar's partnerships with companies like IBM and Deloitte make it a promising project to watch.

Hedera (HBAR) Hedera Hashgraph is a decentralized public network that aims to provide fast and secure transactions. Its cryptocurrency, HBAR, has seen a surge in price recently, reaching an all-time high of $0.44. With partnerships with companies like Google Cloud and IBM, Hedera's potential for growth is worth watching.

Frax Share (FXS) Frax Share is a cryptocurrency that aims to maintain a stable value through a combination of algorithmic and collateralized methods. Its unique approach to stability has caught the attention of investors, leading to a market capitalization of over $150 million.

Zilliqa (ZIL) Zilliqa is a blockchain platform that aims to provide a high-throughput, scalable network. Its cryptocurrency, ZIL, has seen a surge in price recently, reaching an all-time high of $0.25. With partnerships with companies like Binance and Mindshare, Zilliqa's potential for growth is worth watching.

Cardano (ADA) Cardano is a blockchain platform that aims to provide a more efficient and secure network for decentralized applications. Its cryptocurrency, ADA, has a market capitalization of over $39 billion, making it one of the top cryptocurrencies in the market. With its recent updates and partnerships with companies like PwC, Cardano's potential for growth is worth watching.

As always, it's important to conduct your own research before investing in any cryptocurrency. These are just a few of the coins worth keeping an eye on during the week of April 6.

#xlm #ada #zilliqa #FXS #HBARUSDT