Will ZIL pump again?

By BreakdownFab | DecryptLab | 3 Jan 2021


From a technical point of view, Zilliqa has strong fundamentals, especially w.r.t. sharding.

ZIL recently doubled in value & then dumped. Is it dumping or consolidating?

An explanation could be the withdrawal issues on some exchanges like Binance. If these issues are shortly fixed, ZIL will pump again.

In the meantime, it offers a good trading opportunity vs BTC since it is oscillating around 200 Satoshis. Furthermore, once BTC hodlers have sold their coins, they will search for coins offering good staking rewards and ZIL is one of the best staking options.

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BreakdownFab
BreakdownFab

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