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Zilliqa

Ziliqa Sitting PrettyZilliqa (ZIL) was developed in the year 2017. It is a high-throughput public blockchain platform designed to scale to thousands of transactions per second and the project was created to deliver performance, scalability, and security. Zilliqa is mainly based on the concept of Sharding and aims to enhance the scalability of other cryptocurrency networks. It is extremely fast, secured and decentralized. Zilliqa’s high throughput aims to solve the problems of network congestion, high transaction fees and security which are the key issues with legacy blockchain platforms. The project has established partnerships in digital advertising (Mindshare), financial services, payments, gaming, as well as digital entertainment. Scilla, short for Smart Contract Intermediate-Level Language is an intermediate-level smart contract language developed for Zilliqa. This language was developed in order to improve security and offer a robust environment for the deployment of smart contracts and dapps. In August 2019, Scilla was peer-reviewed and accepted at one of the most prestigious programming languages conferences - OOPSLA 2019. Ziliqa is currently awaiting approval with the Monetary Authority of Singapore (MAS) to partner with Hg Exchange, Southeast Asia's private exchange formed by an alliance of leading financial intermediaries and individually licensed and regulated by the Monetary Authority of Singapore (MAS). Hg Exchange will make equities trading more efficient and transparent. This will be Zilliqa's first enterprise-ready project to use smart contracts to represent digital assets. This could be big! Ziliqa has a circulating supply of 12 Billion ZIL coins and a max supply of 21 Billion. The market cap is currently $2.1 billion. HitBTC is the current most active market trading it but the token trades on many exchanges including Binance. Non-custodial staking of $ZIL in wallets is now available in Phase 1. The APY for non-custodial staking will depend on the total amount of $ZIL in circulation being staked. According to their website 'if 80% of the total amount of $ZIL in circulation is staked, users can expect an APY of approximately 6%'. I went long ZIL/USD on 08 March at $0.12. ZIL/USD reached an all-time high of $0.25 on 17 April 2021 (5 days ago). The price has pulled back -28.7% yet ZIL/USD is still in a clear uptrend. ZIL has found support on a rising 50 SMA . Both the 50 SMA and the 100 SMA are on the rise since late November 2020. Here is an opportunity to go long ZIL/USD after this recent cool off. www.zilliqa.com
ZLong
by rzinho
1
ZIL/USD: The MOST BULLISH COIN in the Crypto MarketFUNDAMENTALLY: Zilliqa's blockchain was born in Singapore the finance hub of Asia. This hypes the possibility of it being the most likely coin to be adopted regionally. It's blockchain uses a SHARDING technique very similar to the concept of DIVIDE AND CONQUER when mining, any time ANY investor sees the words divide and conquer to solve millions of problems (mining) they will bet on it over most other methods. TECHNICALLY: 4 bullish patterns indicate an upcoming breakout. 1)Adam and Eve double bottoms; 2) 1st Bullish Gartley pattern and then 2nd currently half formed; 3) Pennant; 4) The Big Ws, consistently.
ZLong
by StefanoViacava
8
Downward pressure to continue for now - but bullish overallAlthough we are experiencing a period of downward pressure in the near term group, the overall sentiment remains bullish. We could see another move to begin the formation of the next higher high during the next 2d candle or the following one. Mid Term group of timeframes (5d, 6d, 9d, 12d), the Green is also higher than the Energy indicating bullish sentiment throughout the group. In the short term group of timeframes ( 90m, 3h, 6h, 12h) the Energy is higher than the Green EMA in the 3h and 6h indicating bearish sentiment. In the 90m the Red RSI has closed making contact with the Green EMA as it falls also indicating bearish sentiment. We are also at the risk in the 90m of the Blue LSMA crossing below 50, it has already turned down and if continuing we can expect the Bollinger Bands to expand and the price action continue down between the Aqua/Orange lower BBs, particularly if the Red RSI also continues down below 50. We also see a similar position in the 3h with the Red RSI and the Blue LSMA both currently below 50 and the Red RSI making contact with the Green EMA as it falls. If we close like this in 3m the Energy will drop below 50 and the price action will continue between the Aqua/Orange lower BBs potentially wicking down to the Red lower BB. The Red RSI and Blue LSMA have both crossed below 50 in concert in the 12h with the Red RSI simultaneously making a bearish cross below the Blue LSMA. We also have a downward pressure race between the Energy in the 12h and the Red RSI in the daily. When the Red RSI fell below 50 in the 12h a downward pressure race was triggered. In order for upward pressure to resume, we first need to see the Energy in the daily CLOSE above 50 in the 12h before the Red RSI in the daily CROSSES below 50. If the Energy does win the race, we need to see the Green MA higher than the Energy in at least the three preceding halved timeframes from the timeframe in which the race was triggered. If the Red RSI wins we then have a race between the Energy in the daily and the Red RSI in the 2d etc. This downward pressure race has cascaded up from lower TFs. Until the Energy decisively wins the race, we do not have a chance for reversal to upward pressure in the relevant timeframes. It looks like the Red RSI in the daily is favourite to win the race meaning a continuation of downward pressure for now. I'm going to mark this neutral for now as even though we are in a local period of downward pressure and bearish sentiment in the short term timeframes, we are bullish in the near term and mid term timeframes. Just to point out that downward pressure does not necessarily mean significant downward price action, but sideways at best, downwards at worst (depending on your perspective) As mentioned in previous publications, these markets can change with very little notice. These changes initially manifest themselves in the lower timeframes and propagate up through the timeframes. Nothing is set in stone. Unless you are day trading, you cannot benefit from these early warning signals. As always - this is not financial advice but just my view of current market dynamics. One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there. If you got value from this analysis, please hit the like button Trade safe aBL Short term group of timeframes
by aBitLong