Price Predictions

Zilliqa (ZIL) Price Prediction Weekly (June 2022): Is INR 10 Achievable This Week?

Zilliqa Price

Key Takeaways: 

  • The Zilliqa (ZIL) price closed the previous day’s trade at INR 3.99 with a market capitalization of INR 51.09 billion and a circulating supply of 12.87 billion ZIL
  • The ZIL price after the recent crash is unable to regain the bullish momentum required to regain the lost levels
  • Therefore, the asset may continue swinging within the accumulation phase for some more time until the market conditions ease

Zilliqa Price Analysis:  Will ZIL Price Hit INR 10 This Week of June?

Zilliqa’s price had reached the double-digit figure in the last week of April, but the price collapsed hard in the last few days. However, the price did attempt to recover but eventually dropped extremely hard to reach the lowermost levels around INR 3.5. Since then the asset is consolidating and unable to range above INR 4.55 but has not dropped below INR 3.57 either. 

The volume since the beginning of the week has dropped significantly and hence it has largely impacted the price which is hardly displaying any movement. As the star crypto Bitcoin is just jumping on and below INR 23.5 lakhs, it is pretty hard for the markets to gain some momentum. Therefore, the ZIL prices may continue hovering within the narrow braces until the market conditions remain shaky.

Additional Read: How to prepare for a Crypto Market Crash

Zilliqa Price Prediction: ZIL Price Trend Comparison with SOL (Last 30 Days)

Source: Tradingview

  • Zilliqa and Solana are 2 popular blockchains in the market possessing their own unique features.
  • The ZIL & SOL prices maintained their own trend until the market collapsed at the beginning of May. 
  • Since then both the tokens are maintaining a similar consolidated trend in between the same levels, awaiting a notable breakout ahead
  • The SOL/USDT price maintained is a trend between -12% to -15% before the crash and currently trading at -58.96%
  • On the other hand, ZIL/BTC displayed some strength as it is currently hovering at -45.57% after falling from average levels

Correlation of ZIL/USDT and ZIL/BTC (Last 30 Days)

Source: Tradingview

  • Zilliqa price with both the trading pairs is consolidating within their respective margins and hence seems to be waiting for the right time to leap long
  • Both the pair were trading within the same margin until they decoupled just before the recent market slash fueled by the LUNA-UST crisis
  • The BTC pair withstood the bearish trend much stronger compared to that of the USDT pair and hence consolidated a little higher 
  • The ZIL/BTC dropped hard from around -2% to -32% and is maintaining a narrow trade since a fortnight and could continue for some more time
  • On the other hand, ZIL/USDT price dropped extremely hard from the same levels around 2% to as low as -52% but currently recovered slightly and is trading at -45.58%

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Internet Computer (ICP) INR 753.14 +22.1%
Phoniex Global (PHB) INR 12.79 +18.2%
STP Network (STPT) INR 4.29 +20.1%
Moonbeam(GLMR) INR 109.12 +16.9%

Top Losers

Crypto Price* 7-Day Percentage Change
Wax (WAXP)  INR 10.83 +13.5%
1Inch (1INCH) INR 74.34 -0.7%
Kava(KAVA) INR 211.92 +4.7%
JasmyCoin (JASMY) INR 3.18 +5.0%

*Prices are of 06 June 2022 at 12 pm

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Moonbeam (GLMR) INR 109.11
Livepeer (LPT) INR 994.95
Kava (KAVA) INR 212.36
STEPN(GMT)  INR 86.50

*Prices are of 06 June 2022 at 12 pm

Download CoinDCX App, India’s safest and simplest crypto investment app. 


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

Share this Story

Check Also

Celo Network Price Prediction & Forecast 2022, 2023, 2024, & 2025

Celo Network price appears to have gained significant pressure and hence may lay down a frum upswing hereafter.

GET ALL LATEST UPDATES ON YOUR EMAIL





    Categories

    Invest in Bitcoin, Ethereum, & other 200+ crypto assets.
    Download the app now, register & start with as low as Rs.100
    ios download link
    android download link
    qr code for download