With Zilliqa (ZIL) having gone through the Mainnet upgrade recently, ZIL is now the first public blockchain platform to successfully implement sharding. The current market sentiment for ZIL has been generally positive in the past weeks. At the time of writing, ZIL is seeing gains of up more than 5% from the past 2 weeks.
Based on our current technical analysis, ZIL looks like it is consolidating well and is ready to test the 0.027USD resistance before breaking and heading to 0.034–0.037USD zone. With that being said, there might potentially be space for another 40% profit to look forward to this coming month.
Stay tuned to future editions of Crypto Outlooks, as we are looking to cover more interesting topics and tokens such as stable coins such as MakerDao (MKR) and many more!
On a side note, Tokenize Xchange is still continue to support the token swap for the old ERC20 ZIL and will continue to do so until 1st July 00:00:00!
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Tokenize Xchange. Every investment and trading move involves risk, you should conduct your own research when making a decision.