Zilliqa (ZIL) Price Soars As Network Unveils Impressive Performance
2023年4月22日 - 12:00AM
NEWSBTC
Amid the bearish trend that suppressed several coin prices,
including Bitcoin, the Zilliqa token emerged among the gainers.
Zilliqa secured first place among top-gaining coins in the bearish
cryptocurrency market with a 9% uptrend over the past 24 hours.
This price move follows a network performance statistics update
shared by a Twitter community member @inna_everstake. According to
stats, Zilliqa reached a new milestone in network addresses and
daily transactions. Zilliqa Hits Milestone In Network Activity
Zilliqa is a permissionless public blockchain that offers high
transaction throughput. It aims to improve blockchain scalability
and speed using sharding as a layer2 scaling solution. The
Zilliqa network relies on shards to solve scalability issues. Each
shard processes transactions independently. The number of
transactions increases as the Zilliqa network grows and the number
of shards increases. Related Reading: Shiba Inu (SHIB) Price
Momentum Screeches To A Halt: What’s The Outlook? The recent
network performance statistics suggest the Zilliqa network is
rapidly growing and has gained more traction. According to the
update, Zilliqa recorded 4,582,116 addresses with 47,937,935
transactions and over 5.5 billion staked ZIL tokens. The
statistics are incredible, given Zilliqa’s position in the
cryptocurrency market compared to other Smart Contract platforms
like Cardano, Ethereum, and Solana. Another notable fact is that
the total addresses recorded participate in active daily
transactions. Zilliqa’s improved performance could be due to the
increasing number of new developers coming to build on the network.
The Zilliqa ecosystem has been active in running innovative
programs that attract new Web3 developers, which is why the network
addresses and transactions skyrocketed. ZIL Price Outlook Amid The
Boost In Network Performance Zilliqa is among the coins with the
most dynamic price movement this year. Zilliqa opened in 2023 at
$0.01585 but gradually rallied to its current price of $0.0331, a
notable increase amid slight pullbacks. Although ZIL is still
87.33% down from its all-time high price of $0.2563, recorded on
May 6, 2021, it has improved considerably since 2020. ZIL’s
price is over 1,210% higher than its all-time low of $0.002477 on
March 13, 2020. At press time, ZIL is trading at $0.331, a 9% price
increase from the April 20 closing price of $0.03015. Related
Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep
Pace – Here’s Why Even ZIL’s trading volume has increased by over
38% from $116.69 million on April 20 to $190.71 million today,
April 21. That could be a further confirmation of increased network
activity. ZIL also recorded a nearly 11% price gain over the
past seven days when coins like Bitcoin and Ethereum gave up
theirs. The token now has over 12% price increase in the last two
weeks. From the technical perspective, ZIL’s market sentiment is
bullish, with the oscillators and moving averages flagging a strong
buy signal. Featured image from Pixabay and chart from Tradingview
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