- Bullish ZIL price prediction ranges from $0.053 to $0.187.
- ZIL price might also reach $0.2 this 2022.
- ZIL’s bearish market price prediction for 2022 is $0.027.
Zilliqa is a blockchain project that enables developers and creators to build decentralized applications on it. Its native token is denoted as ZIL.
Zilliqa investors are bullish on the token since it has had a return on investment (ROI) of over 13 times in the past two years. The crypto bubble 2021 led to an increase in the price of ZIL to its present all-time high (ATH) of $0.2563, which was attained in May 2021. Irrespective of the recent crypto winter, ZIL investors are confident that the future of ZIL is bullish.
If you are interested in the future of Zilliqa (ZIL) and want to know the price analysis and price prediction of ZIL for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Zilliqa (ZIL)?
Zilliqa is a permissionless blockchain platform that supports the mining of its native token, ZIL. It was launched in 2017, but its mainnet went live in 2019. The co-founders of Zilliqa are Amrit Kumar and Xinshu Don. Zilliqa is multi-chained and can be traded on the Binance Smart Chain. Zilliqa reached a milestone in January by becoming the first blockchain project to implement Sharding technology. Prateek Saxena first conceived it, but Xinshu Dong was its first CEO when it was registered in June 2017.
Long-term investors can use the private wallets supported on the Zilliqa blockchain to stake their ZIL tokens. This will allow them to earn staking rewards for their investments. This was attained in October 2020 when gambling and yield farming was enabled.
Zilliqa blockchain also supports the creation of adaptable decentralized applications. Creators of non-fungible tokens (NFTs) can also use the platform to create, build and launch their NFT collectables in the NFT marketplace.
It has good scalability since it can complete 2828 transactions per second. A minimal fee of 0.1 ZIL is charged for transfers within the ZIL platform. This is about $0.0036 from ZIL’s current price of $0.03667.
Zilliqa (ZIL) Current Market Status
The maximum supply of ZIL is 21 billion ZIL while its circulating supply is 13.26 billion ZIL, according to CoinMarketCap. At the time of writing, ZIL is trading for $0.03667, representing 24 hours increase of 2.65%. The trading volume of ZIL in the past 24 hours is $89.73 million, which represents a 50.24% increase.
Some top cryptocurrency exchanges for trading Zilliqa (ZIL) are Binance, Kucoin, Huobi Global, Gate.io and others.
Now that you know what Zilliqa is and its current market status, we shall discuss the price analysis of Zilliqa (ZIL) for 2022.
Zilliqa (ZIL) Price Analysis 2022
Currently, ZIL is ranked in the 76th position on CoinMarketCap. Will developments and upgrades within the Zilliqa community increase the price of Zilliqa (ZIL)? We shall see in this CoinEdition price analysis 2022 article.
Zilliqa (ZIL) Price Analysis – Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Zilliqa (ZIL), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of ZIL might be sustained before any reversal would be expected.
Zilliqa (ZIL) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Zilliqa (ZIL) 1day chart of ZIL/USDT is at 42.28. This shows that ZIL is showing a strong trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Zilliqa (ZIL) Price Analysis – Moving Averages
The chart above shows the 1day chart of ZIL 200-day and 100-day Moving Average (MA). As indicated in the recent uptrend, ZIL is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Zilliqa (ZIL) might experience a surge soon before it dips in the future.
Zilliqa (ZIL) Price Prediction 2022
Looking at the daily chart of ZIL/USDT, the ZIL price was swinging from $0.072 resistance2 to $0.053 resistance1 after touching the support level of $0.027. It reversed from the support level of $0.027 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term ZIL price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect ZIL to reach $0.2 in 2022.
Zilliqa (ZIL) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of ZIL has increased by 20.7% in the past 30 days. If this price decrease reverses, ZIL could break the $0.053 resistance1 level, move higher to $0.187 at the resistance7 level, and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of ZIL might be dethroned from its present uptrend position. In simpler terms, ZIL might trend below the $0.027 support level, a bearish signal even lower in 2022.
Zilliqa (ZIL) Price Prediction 2023
If the value of the relative strength index (RSI) of ZIL is above 55 by the end of 2022, it means that the bulls and investors are in change. This could spill over into the first half of the year 2023, which could make the price of Zilliqa (ZIL) trade around $0.4 by the end of 2023.
Zilliqa (ZIL) Price Prediction 2024
The positive sentiment with the news of Bitcoin halving could directly impact the price of the Zilliqa token. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the price of ZIL trade at $0.6 by the end of 2024.
Zilliqa (ZIL) Price Prediction 2025
By the end of 2025, the price of Zilliqa (ZIL) could rise to $1. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Zilliqa platform to ensure that its users are relatively increasing, this price target could be attained.
Zilliqa (ZIL) Price Prediction 2026
With the number of ZIL hodlers on the increase and the growing sentiment about cryptocurrencies, ZIL has the possibility of holding most of its recent gains and consolidating. Hence, the price of ZIL could trade around $2 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Zilliqa (ZIL) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of ZIL could surge to $3 by the end of 2027.
Zilliqa (ZIL) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Zilliqa (ZIL) could hit $5 by the end of 2028.
Zilliqa (ZIL) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some of the lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of ZIL to $12 by the end of 2029.
Zilliqa (ZIL) Price Prediction 2030
The cryptocurrency market experienced high stability due to early investors holding activities so as not to lose the future gains in the price of their assets. We could expect the price of Zilliqa (ZIL) to trade around $15 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
As said above, ZIL might reach $0.2 in 2022 and $15 by 2030 if investors have decided that ZIL is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
ZIL is the native token of the Zilliqa blockchain. Zilliqa is the first blockchain project to implement Sharding technology.
Like other cryptocurrencies, Zilliqa (ZIL) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Gate.io, and others.
ZIL has a low possibility of surpassing its present all-time high (ATH) price of $0.2563 in 2022.
It was launched in June 2017.
Zilliqa’s (ZIL) price is expected to reach $0.4 by 2023.
Zilliqa (ZIL) price is expected to reach $0.6 by 2024.
Zilliqa (ZIL) price is expected to reach $1 by 2025.
Zilliqa (ZIL) price is expected to reach $2 by 2026.
Zilliqa (ZIL) price is expected to reach $3 by 2027.
Zilliqa (ZIL) price is expected to reach $5 by 2028.
Zilliqa (ZIL) price is expected to reach $12 by 2029.
Zilliqa (ZIL) price is expected to reach $15 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.