$ZIL

Zilliqa (ZIL) Price Analysis

Current Market Overview

Last Price: $0.02248 (Spot), $0.02246 (Contract)

24h Price Change: +19.89% (Spot), +19.98% (Contract)

24h High/Low: $0.0234/$0.01784 (Spot), $0.02337/$0.01782 (Contract)

24h Trading Volume: 101,966,394.2 ZIL (Spot), 572,777,310.0 ZIL (Contract)

Market Cap: $286,359,637

Circulating Supply: 19,074,810,630 ZIL

Support and Resistance Levels

Resistance Price: $0.02332

Support Price: $0.02074

Fundamental Information

Description: Zilliqa is a public blockchain network

designed with a sharded architecture to address scalability issues found in other blockchains. This sharded design allows multiple chains to process transactions simultaneously, enhancing the network's capacity. Zilliqa also supports smart contracts through its native programming language, Scilla, and utilizes a hybrid Proof-of-Work-BFT consensus mechanism for transaction validation.

Conclusion

Zilliqa (ZIL) has experienced a significant price increase of nearly 20% over the last 24 hours, indicating strong bullish momentum. The price is currently testing the resistance level at $0.02332, and if it breaks through, further gains could be expected. Conversely, the support level at $0.02074 will be crucial for maintaining upward momentum. Investors should monitor these levels closely to manage their positions effectively.