Ziliqa ($ZIL) Crypto Forecast: Down 5.2% Today

What is Ziliqa?

Zilliqa (ZIL) is a cryptocurrency token known for its high throughput and scalability on the Zilliqa blockchain.

Why is Ziliqa going down?

ZIL crypto is down 5.2% on Sep 30, 2024 17:01

• Zilliqa witnessed a decrease in value due to significant bugs affecting block production on the blockchain, raising concerns about its reliability.
• Reports of these ongoing issues and the necessity for a long-term solution likely eroded trust in Zilliqa's technology, leading to a sell-off of the token.
• The attractiveness of other low-cap altcoins with greater growth potential may have diverted interest and investments away from ZIL, contributing to its downward trend.
• In summary, technical challenges faced by Zilliqa and positive market sentiment towards other altcoins may have influenced the recent bearish movement of ZIL.

ZIL Price Chart

ZIL Technical Analysis

ZIL News

Zilliqa blockchain malfunctions again; 'permanent fix' underway

Zilliqa faced two significant bugs, on Sept. 27 and 29, slowing and halting block production.

https://cointelegraph.com/news/zilliqa-block-production-halted-system-bugs-sept-2024

Crypto Trader Says One Low-Cap Altcoin Has ‘Way More Upside,’ Updates Outlook on Bitcoin and dogwifhat

Crypto Trader Says One Low-Cap Altcoin Has ‘Way More Upside,’ Updates Outlook on Bitcoin and dogwifhat

https://dailyhodl.com/2024/09/28/crypto-trader-says-one-low-cap-altcoin-has-way-more-upside-updates-outlook-on-bitcoin-and-dogwifhat/

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Ziliqa Price History

30.08.2024 - ZIL Crypto was down 5.2%

• Zilliqa witnessed a decrease in value due to significant bugs affecting block production on the blockchain, raising concerns about its reliability.
• Reports of these ongoing issues and the necessity for a long-term solution likely eroded trust in Zilliqa's technology, leading to a sell-off of the token.
• The attractiveness of other low-cap altcoins with greater growth potential may have diverted interest and investments away from ZIL, contributing to its downward trend.
• In summary, technical challenges faced by Zilliqa and positive market sentiment towards other altcoins may have influenced the recent bearish movement of ZIL.

22.07.2024 - ZIL Crypto was up 5.0%

• Zilliqa's price broke above a falling wedge pattern, signaling a bullish trend.
• The breakout from the pattern led to a 4.6% increase in ZIL's price over the next two days.
• This surge in Zilliqa's price could be attributed to renewed investor interest in the project's technology and potential for growth.
• The bullish movement also reflects positive sentiment in the overall cryptocurrency market, driving up prices across various digital assets.

24.03.2024 - ZIL Crypto was up 5.1%

• ZIL experienced a strong bullish movement today, possibly driven by positive market sentiment and increased demand for cryptocurrencies.
• The launch of the HRSE token presale may have created excitement and interest in the cryptocurrency space, indirectly benefiting ZIL as well.
• The news of a new token presale could have attracted more investors to the market, leading to higher trading volumes and pushing ZIL's price upwards.
• Overall, the combination of favorable market conditions and the announcement of the HRSE token presale likely contributed to ZIL's bullish movement today.

02.03.2024 - ZIL Crypto was down 10.7%

• The bearish movement in ZIL today could be attributed to profit-taking by investors after a recent price surge.
• The focus on Web3 technology in the horse racing industry may have diverted some attention and investment away from ZIL, impacting its price negatively.
• The lack of significant positive news or developments specific to ZIL might have contributed to the downward trend in its price today.

07.00.2024 - ZIL Crypto was down 5.0%

• The bearish movement of ZIL could be attributed to profit-taking by investors who had previously bought the token at lower prices.
• The market sentiment may have been influenced by the news of a new play-to-earn memecoin presale, which could have diverted attention and investment away from ZIL.
• Binance's backing of Zilliqa and the upgrades by Sei may have initially created positive sentiment, but the overall market conditions and the influence of other factors led to the bearish movement of ZIL.

10.04.2024 - ZIL Crypto was down 5.3%

• The downward movement in ZIL today seems linked to a sequence of network interruptions experienced during the most recent upgrade implementation.
• Concerns may arise among investors regarding the potential impact of these interruptions on the overall performance and safety of the Zilliqa network, prompting a sale of the token.
• Zilliqa's current priority on resolving bugs and reinstating network operations post-disruptions could aid in rebuilding investor trust in the project, possibly prompting a reversal of the bearish trajectory in the near term.

30.04.2024 - ZIL Crypto was down 5.2%

• Today's bearish movement in ZIL could be due to profit-taking by short-term traders post a price surge.
• The Zilliqa network's recent key milestone may not have met market expectations, resulting in a token sell-off.
• External market factors or negative sentiment towards the overall cryptocurrency market could have influenced investors, impacting ZIL's price negatively.
• Traders may be adjusting their positions based on technical indicators or market sentiment, contributing to ZIL's bearish movement today.

07.05.2024 - ZIL Crypto was down 7.8%

• The bearish movement of ZIL today could be attributed to concerns raised about the token's ability to break out of consolidation, despite the recent upgrade to Zilliqa 2.0 enhancing speed and cross-chain compatibility.
• Investors may have reacted negatively to the perceived difficulty ZIL could face in escaping consolidation, leading to selling pressure on the token.
• The market sentiment towards ZIL might have been influenced by the contrasting views presented, causing uncertainty among traders and contributing to the bearish movement observed today.

24.11.2023 - ZIL Crypto was up 7.2%

• The bullish movement of ZIL today can be attributed to the following factors:
• The announcement of Web3War's 'Skill-to-Earn' rewards model in crypto gaming may have generated excitement and increased demand for ZIL, as it is a prominent token in the gaming industry.
• Despite facing technical issues and network disruptions, the Zilliqa team's commitment to resolving the problems and providing updates reassured investors, leading to a positive sentiment and upward movement in the market.
• The crash of another altcoin after the Arbitrum incident may have prompted investors to seek alternative cryptocurrencies, including ZIL, resulting in increased buying pressure and a bullish market movement.
• The critical technical snag that interrupted Zilliqa block production could have created a sense of urgency among investors, leading to increased buying activity and a bullish market movement as they anticipate a resolution to the issue.
• Overall, the combination of positive developments in the gaming sector, the Zilliqa team's proactive approach in addressing technical issues, and market dynamics influenced by external events contributed to the bullish movement of ZIL today.

13.06.2024 - ZIL Crypto was up 5.2%

• ZIL experienced notable bullish movement following the announcement of Abra's acquisition of Valkyrie's Tron and Zilliqa Trusts, indicating a growing interest in the Zilliqa ecosystem.
• The acquisition by Abra reflects a vote of confidence in ZIL's potential for future growth and development, leading to heightened investor optimism and driving up the token's price.
• This development underscores the significance of strategic partnerships and acquisitions in the cryptocurrency sector, as they can have a substantial impact on market sentiment and price fluctuations of digital assets like ZIL.

13.06.2024 - ZIL Crypto was up 5.3%

• ZIL's upward trend could be linked to a rise in investor enthusiasm for the cryptocurrency market, possibly influenced by recent news of Abra's expansion and acquisition of Valkyrie Crypto Trusts.
• The acquisition might have buoyed trader sentiment, resulting in increased demand for ZIL and pushing its price upwards.
• This favorable development within the cryptocurrency sector, alongside expanding adoption and institutional interest, likely played a part in ZIL's significant bullish movement today.

01.07.2024 - ZIL Crypto was down 9.3%

• ZIL's price dipping below a critical zone indicates a lack of investor confidence in the token.
• The ongoing struggles of Zilliqa could be attributed to overall market uncertainty and profit-taking behavior among traders.
• The bearish movement of ZIL may also be influenced by external factors such as regulatory concerns or negative sentiment in the broader cryptocurrency space.
• Investors are closely monitoring ZIL's performance to assess whether it can regain momentum and break out of its current downward trend.