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Chukwuemeka Raphael
May 17, 2022
by Chukwuemeka Raphael

Zilliqa (ZIL) Maintains its 90 Days Gain

Zilliqa (ZIL)
Zilliqa is among the few cryptocurrencies that had maintained a bullish record in the past 90 days after the market entered into a short period of crypto winter. It is presently trading at $0.05352. Zilliqa native token ZIL has a 24 hours increase of 22.08% at the time of writing.

Despite losing 29.93% and 50.40% of its price in the past 7 and 30 days, respectively, ZIL managed to gain 11.46% in the past 90 days. Zilliqa (ZIL) presently stands in position 73rd.

Some factors that ensured most of its previous gains during the crypto winter include:

  • Increased trading volume

  • Moderate volume in circulation

  • Increased activities within its blockchain.

    • Increased Trading Volume

    Trading volume is one of the major factors to consider when evaluating the present and future stability of a cryptocurrency. The trading volume of Zilliqa (ZIL) moved from $29,997,324 on February 12, 2022 to $642,752,158 on May 12th, 2022. This change represents an increase in trading volume by 2042.69% in the past 90 days. This high surge in trading volume enabled ZIL to maintain some parts of its previous gains.

    Moderate Volume in Circulation

    One of the factors that can reduce the effect of crypto winter on a coin or token is its volume in circulation. Zilliqa has a circulating volume of about 61% out of its maximum supply of 21 billion. The optimistic predictions about its future performance have made it difficult to discard.

    Increased Activities Within its Blockchain

    Zilliqa blockchain is one of the most secured blockchains to conduct transactions at low cost and high scalability. It has attracted developers and project creators. With this inflow of new decentralized applications launched on its blockchain, Zilliqa (ZIL) native token used in the blockchain has been in demand. More adoption of the blockchain will ensure that ZIL maintains less volatility amid the crypto winter.

    Conclusion

    Long-term investors could use ZIL as a potential asset to limit losses due to unstable market conditions.

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    Zilliqa (ZIL) Maintains its 90 Days Gain
    Chukwuemeka Raphael
    Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

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