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Zilliqa (ZIL)🔢 ZIL Analysis 🔹 Overall Status: The ZIL coin, after experiencing a downtrend within a descending channel, has now reached the channel's upper boundary. The PRZ zone (green zone), weekly resistance, and the upper boundary of the descending channel have acted as strong resistance, halting further upward movement. Currently, the coin is moving downward. 🔹 Support and Resistance Analysis: 1️⃣ Support Levels: Initial Support: Fibonacci level 0.382, which could prevent further price decline. Additional Supports: If the 0.382 level is broken, Fibonacci levels 0.5 and 0.618 will serve as subsequent support zones. 2️⃣ Resistance Zone: PRZ Zone: Strong trading volume in this area indicates the potential for breaking this resistance. 🔹 Price Movement Predictions: Bullish Scenario (if PRZ is broken): The price could move toward the blue zones, overlapping with Fibonacci levels 1.618, 2.618, and 3.618. High trading volume in this scenario would reinforce the validity of the movement. Bearish Scenario (if the correction continues): The upward wave that started from the bottom of the descending channel has now reached the 0.382 Fibonacci level. If this level fails to hold, the price correction may extend to the 0.5 and 0.618 Fibonacci support levels. 🔹 RSI and Entry Signals: Monitoring RSI behavior on daily and weekly timeframes is essential. RSI entering the Overbuy zone could serve as a positive signal for further upward movement. The midline of the ascending RSI channel may act as significant support. ✅ Conclusion and Recommendations: 1️⃣ Key Support and Resistance Levels: Supports: Fibonacci levels 0.382, 0.5, and 0.618. Resistance: PRZ zone and blue zones (Fibonacci targets). 2️⃣ Entry Strategies: Enter incrementally after a correction and near key support levels. Consider entry after breaking the PRZ zone and confirming price stability above it. 3️⃣ Risk Management: Monitor trading volume near support and resistance levels to confirm price movements. Track RSI behavior to gauge the strength of the trend. 💡 Don’t forget to manage your capital wisely and pay close attention to price action near critical levels.
Long
by alizeynali69
MultiversX (EGLD) fake bullish breakout, now seeks supportIt was a fake breakout, afterall. On September 28, I spotted a potential bullish breakout on CRYPTO:EGLDUSD - which ended up being a bull trap, sending the prices downwards. Right now, a two-month uptrend line is seeking support. It had a brief deviation in the form of a daily wick, unclosed. Again, this reflects the dominating bearish sentiment I see in my timeline, with bears getting very greedy. A breakout downward would intensify the negative sentiment and potentially fuel some panic selling. Resist, and we remain on the same page. Fundamentals are stronger than ever despite the PA, so I remain bullish in higher time frames. Lower time frames are uncertain.
CRYPTO:EGLDUSD
by vinibarbosa
MultiversX (EGLD) breaks out of a six-month downtrendMultiversX (EGLD) is breaking out of a six-month downtrend, with three subsequent lower highs since its $77.9 peak in March. The breakout occurred on September 27 and EGLDUSD now tests the R/S downtrend line in what could be a corrective move before the confirmation and bounce up. I'm looking at the daily chart here, looking for a mid-term trend shift validation. However, lower time frames, like the 4-hour chart, already hint of a successful break out, with the line holding strong after some testings. Here is what we see when zooming in: -ERROR UPLOADING IMAGE- Inside the downtrend formation, EGLD started a shortish-term uptrend, making higher lows until the higher time frame breakout. Then, it tested the downtrend line as support in four 4-hour candlesticks. Giving strength to the move. Validation here is a daily close above the line. I'll then target the S/R ZONE between $37 and $48. Play safe! - Despite the price action, MultiversX is one of the most-solid cryptocurrencies from a fundamental perspective. It has one of the most scalable infrastructures through sharding, being the first to fully implement sharding in a battle-tested environment. The chain has 100% uptime and very high security standards, like using native assets and implementing Guardian for a 2FA onchain extra security. The token, eGold (EGLD), has a fixed maximum supply of 31.4 million, with a fully dilution schedule by 2030. However, it can be even lower, as fees can replace emission if the chain is used enough. DYOR.
CRYPTO:EGLDUSDLong
by vinibarbosa
ziliqa weekly timeframe hello dear traders zil repeating history... Let's go back to 2019 it ‘s time for ziliqa Web3 New security model : Pow + pos Gaming Payment Supported by singapore What Is Zilliqa (ZIL)? Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming. Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.
Long
by mehdi_kb
Ethereum Dencun Upgrade (1st Q 2024)Hello friends. Today im going to explain some features of the next big Ethereum Upgrade called "Dencun" Lets Deep into it. The crypto world eagerly awaits Ethereum’s groundbreaking Dencun Upgrade, a massive undertaking by Ethereum developers that promises to reshape the course of the Ethereum network. Set to be introduced as a hard fork in the coming years, this upgrade brings a host of transformative changes that pave the way for a more scalable and efficient blockchain ecosystem. One of the highly anticipated features of the Dencun Upgrade is Proto-Dank Sharding, also known as Ethereum Improvement Proposal (EIP-4844). This innovative enhancement sets its sights on addressing one of the key challenges faced by Ethereum: scalability. Proto-Dank Sharding introduces a new transaction type that incorporates data “blobs” unlocking additional storage capacity and reducing gas fees, particularly for layer 2 rollups. In simple terms, it can be likened to organizing luggage efficiently for a holiday trip. By optimizing data storage, Proto-Dank Sharding maximizes available space and minimizes unnecessary costs. It’s important to note that the Dencun Upgrade is not a solitary effort. The term “Dencun” represents a combination of two simultaneous upgrades: “Cancun” at the execution layer and “Deneb” at the consensus layer. While Cancun focuses on executing protocol rules, Deneb ensures block validation. This comprehensive approach aims to maximize system efficiency, offering a guiding light for the future of the blockchain while considering the interests of stakeholders. The Cancun segment includes five pivotal Ethereum Improvement Proposals (EIPs) : EIP-4844 (Proto-Danksharding) : Sets the stage for the full implementation of Danksharding, enhancing scalability. EIP-1153 : Lowers the cost of on-chain data storage, optimizing block space. EIP-4788 : Improves the structure of cross-chain bridges and stake pools. EIP-5656 : Introduces minor code changes to the Ethereum Virtual Machine (EVM). EIP-6780 : Removes SELFDESTRUCT, which is code that could potentially terminate smart contracts. Key Benefits of Ethereum Cancun Boosted Scalability : The introduction of Proto-Danksharding will facilitate a higher volume of transactions, processed at a quicker pace, enhancing Layer 2 solutions which operate atop the main blockchain. Reduced Gas Fees : Through the utilization of data "blobs" and the implementation of EIP-4844, the upgrade aims to significantly cut down the gas fees, a move that will be particularly beneficial for Layer 2 solutions, making transactions more affordable. Strengthened Security : The network's security infrastructure will be fortified, safeguarding user data and investments, thanks to initiatives like EIP-6780. Efficient Data Storage : EIP-1153 is set to optimize data storage on the blockchain, fostering more efficient and cost-effective operations, which is a boon for Layer 2 solutions that rely on optimal data management. Enhanced Cross-Chain Connectivity : The upgrade, through EIP-4788, promises smoother and more secure interactions between different blockchain networks, facilitating better integration with Layer 2 solutions. Technical Innovations : With minor code modifications introduced through EIP-5656, the upgrade sets the stage for future technical advancements, potentially spurring innovation in Layer 2 solutions. I hope you enjoy this article and pay attention to ETH in the next coming Bullrun :) THANK YOU ALL Refrences : www.ethereum.org www.medium.com
BINANCE:ETHUSDEducation
by TraderAmin-KZ
Digital Assets Outlook 2023Digital assets have had a strong early 2023 Digital asset prices, led by Bitcoin, have had a strong 2023 so far. Bitcoin is up by over 70% this year and Ether is up by over 50%1. Together, these two assets still account for over 63% of the total market cap of the digital assets space. While the US Federal Reserve (Fed) is still raising interest rates, the market seems to expect that the recent bank failures (Silvergate Bank, Signature Bank, Silicon Valley Bank, Credit Suisse) will lead to central bank easing. Lower interest rates would benefit long-maturity assets, such as digital assets. Moreover, several traders have been caught off-guard and short-sellers expecting more downside in digital assets have had to liquidate positions leading to higher prices. We believe we could be on the cusp of the fourth major bull market in crypto, although the exact timing is uncertain. Our belief is that the next bull market will be enabled by advancements in speed and scalability of the blockchain networks, more intuitive user interfaces, and innovations in blockchain wallets, as well as developments in digital identity, which will pave the way for Web3 applications. The critical determinant, of course, will be the user applications that will take the market by storm and we will keep monitoring potential candidates on a continuous basis. Despite dismal price action last year, digital assets are supported by a healthy and vibrant software developer community. The number of monthly active developers actually rose last year by 5%2, which is significant, and confirms our view that developers remain actively engaged in their respective blockchain ecosystems. Layer 2 networks finally coming into their own, promising to solve the scalability issue The main impediment of current Bitcoin and Ethereum networks has been their inability to handle a large volume of transactions. It is estimated that, without a layer 2 solution, Bitcoin can only handle approximately 7-10 transactions per second while Ethereum can only handle approximately 15-30 transactions per second. While it is on Ethereum’s road map to be able to ultimately handle 50,000-100,000 transactions per second, this is not a reality at the moment. As a contrast, Visa is said to handle at least 1,700 transactions per second although there are some estimates that Visa could handle up to 24,000 transactions per second and Visa itself is claiming this number to be as high as 65,000 transactions per second3. One way to solve the scalability issue of blockchains is to use a layer 2 network, which is built on top of a layer 1 blockchain. Layer 2 networks move transactions off-chain, roll them up and bundle multiple transactions into a single transaction, which can then be secured on the layer 1 blockchain benefiting from underlying blockchain’s security and robustness. This bundling enables faster throughput, faster settlement, and lower prices. For Bitcoin, the most well-known layer 2 solution is the Lightning Network, while for Ethereum there are several options available, including optimistic rollups, zero-knowledge rollups (ZK rollups) and sidechains. It is also worth mentioning that the Ethereum network is expected to go through so called ‘sharding’ later this year, which is expected to split the network into separate ‘shards’ thereby increasing the capacity of the network and reducing the transaction (gas) fees in the process. Digital USD tokens emerging as a major use case Stablecoins, digital tokens issued on public blockchains and pegged to an underlying asset, such as a currency or a physical asset, were initially used in trading and interexchange settlement but have become increasingly popular in payments and remittances. Because stablecoins are global and accessible to anyone, they offer an attractive way to cheaply and securely transmit money around the world 24/7 and settle transactions (almost) instantaneously. The world’s largest stablecoin, Tether’s USDT, is particularly popular in Asia, while in the West Circle’s USDC is widely used. Stablecoins are designed to offer stability while an asset like Bitcoin is more volatile. To give an idea of the magnitude of transaction volumes, last year, Visa settled HKEX:12 trillion worth of payments, mainly related to consumer spending, while stablecoins settled HKEX:8 trillion worth of on-chain transactions, higher than the $2.2 trillion settled by Mastercard or HKEX:1 trillion settled by American Express4. This year, it is possible that the combined amount of stablecoin transactions exceeds the payments settled by Visa. These stablecoin transaction volumes, of course, are not related to consumer spending but rather to payments, trading and decentralised finance, and do not take into account trading volumes on centralised exchanges. Competition for instant payments heating up The market for instant settlement of payments seems to be in flux at the moment. Crypto regulation in both Europe and the US are focusing on stablecoins and are expected to set stringent reserve requirements for stablecoin issuers and also forbid interest being paid to stablecoin holders. We view transparency requirements into reserve assets of stablecoin issuers important but also believe that attention should be paid into issuers’ risk management, cybersecurity, and blockchain code testing quality. In the US, the Federal Reserve is planning to launch an instant payment system called FedNow in July 2023. The network will not be based on blockchain but will be able to settle payments in seconds and can support transactions between consumers, merchants, and banks. Some believe that the closure of Silvergate’s SEN network and Signature Bank’s SigNet network in mid-March 2023, both offering instant settlement service where clients were able to move assets between fiat currencies and crypto exchanges at any time, could have had something to do with the launch of FedNow. Around the world, central bank digital currencies (CBDCs) are also being actively developed. They offer a digital form of a government-issued currency that is not pegged to any physical commodity and these digital currencies will continue to be based on the fractional reserve banking system. In Europe, the European Commission adopted a legislative proposal in late October 2022 that mandates all banks to offer instant euro payments to any individual with a bank account in the eurozone. At the moment, the EU banking sector, on average, lags behind other major international markets in instant payments, although single-country solutions have been adopted and variations between countries are large. In some European countries, instant payments cover 70% of banks but, in others, only 1% of payments are settled instantly. The European banking sector has stated that they need up to two years to make banks instant-payment ready5. Europe has its own version of an instant settlement network. BCB Group, regulated in the UK and Switzerland, offers BLINC network that links crypto companies to the banking system and enables business accounts to trade in fiat and digital assets 24/7. The company already offers fiat-to-crypto rails in sterling, euros, Swiss francs, and yen in Europe and plans to add USD fiat-to-crypto rails by early Q2 2023. BCB’s goal is to plug the gaps left by the SEN network. Unlike SEN, BLINC is multicurrency-based and is not tied to any single credit institution. It was designed as a payment institution to provide on-ramps to banks in Europe, the UK and Switzerland. The company emphasises that its funds are always 1:1 backed and are unleveraged and un-rehyphothecated6. Sources 1 Source: Coingecko.com 2 Source: Electric Capital, 2022 Developer Report 3 Source: Visa Fact Sheet, 2022 4 Source: CoinMetrics 5 Source: Euromoney 6 Source: BCB Group, Coindesk
CME:BTC1!
by aneekaguptaWTE
ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2
ETH 2 phases and why we need it?Hi friends today i want to explain ETH 2.0 phases in short. like you see in picture above it explain our need to ETH 2.0 so i will summarize phases below: Phase 0 : Beacon Chain Phase 0 is the name given to the launch of the Beacon Chain. The Beacon Chain will manage the Proof of Stake protocol for itself and all of the shard chains. Once Phase 0 is complete, there will be two active Ethereum chains. For the sake of clarity let’s call them the Eth1 chain (current, PoW main chain) and the Eth2 chain (new Beacon Chain) During this phase, users will be able to send their ETH from the Eth1 chain to the Eth2 chain and become validators. (They will NOT be able to migrate this ETH back to Eth1) Phase 1 : Shard Chains Shard chains are the key to future scalability as they allow parallel transaction throughput and there will be 64 of them deployed in Phase 1 (with the possibility of adding more over time as hardware scales). Shard validators, who are randomly selected by the Beacon Chain for each shard at each slot, merely come to agreement on each block’s content. Phase 2 : State Execution Phase 2 is where the functionality of the entire system will start to come together. Shard chains transition from simple data containers to a structured chain state and Smart Contracts will be reintroduced. Phase 2 also introduces the concept of 'Execution Environments (EEs). Every shard has access to all execution environments and has the ability to make transactions within them as well as run and interact with smart contracts hope this article is useful for you. thank you all for your supports.
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
56
$NEAR/USDT 3h (Binance Futures) Ascending channel on supportNEAR Protocol is up-trending and successfully retested 200MA, another leg-up is likely. Current Price= 10.0721 Buy Entry= 9.8603 - 9.0601 Take Profit= 12.6445 | 15.2421 | 18.9276 Stop Loss= 7.6354 Risk/Reward= 1:1.75 | 1:3.17 | 1:5.19 Expected Profit= +33.66% | +61.12% | +100.08% Possible Loss= -19.29% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 1x Estimated Gain-time= 2 weeks Website: near.org Contracts: #Mainnet #BEP20 0x1fa4a73a3f0133f0025378af00236f3abdee5d63
Long
by TradingOn
Mega Bullish On Harmony One - Proposal To Deploy CRVI have been mega mega bullish on harmony one, there is some news today that harmony is proposing a deployment of curve finance on harmony one. You can read through here - gov.curve.fi In addition to this there are several upcoming projects along with the potential for coinbase to list them and the btc bridge bugs getting worked out. We have broken the .10 area and from here there isn’t a lot of resistance overhead, because harmony is such a new project they are still being priced in by traders. We are still early, only 1 billion market cap and what better way to add more value then to add another project like CRV to harmonys ecosystem. There will be many more in the future, just based on the current ETH Fees, and sentiment toward more centralized networks like matic, harmony $one is a NO BRAINER!
OLong
by WalrusFat
1
Harmony (ONE) Update: The last time this happened, 5705% Gain Harmony (ONE) Update: The last time this happened, Harmony gained 5705% in 3 months (80 Days). The swing call script signalled a strong buy signal on 07/01/21 @ $0.002, over the 3 months from Jan to end of March ONE gained 5705% hitting a new ATH @ $0.23. The swing call script was triggered on the 29th July and is a very strong indicator for a reversal from the previous downtrend, bottoming out @ $0.046 on 22nd June. Now is the time to Buy in confidence, we expect Harmony to recover 191% back to the ATH price level experienced during March over the next 2-3 months period. This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are gifted another opportunity (Swing Script gains are different)! Whats your eoy targets? Personally I think $1 and we might even reach higher price levels before EOY. Will update EOY Targets and critical Buy Zones for entry. See previous analysis below. Happy Trading :) Harmony Update 25/03/21 After this Huge parabolic move from the 28th February Harmony has finally taken a small breather, not this move is not showing any signs of exhaustion just yet, our next price target at the 127.20% Fibonacci level @ $0.23. Be patient from the current price level if you are not yet invested, the last 2 dips have been very weak retracements and we still have a bullish outlook on ONE . Great news for your portfolio if you have been riding this wave with us, if not be patient, use current DCA zone to map your entries from here. A sniper entry at the 78.60% Fibonacci is the perfect area to Buy in. 52% Gain from our DCA Zone to the 127.20% Fibonacci level which is our current next target on this continuation pattern. Happy Trading :) Understanding Harmony ONE Harmony ONE protocol implements cutting edge solutions to combat blockchain scalability challenges without giving up security and privacy instead, reinforcing them. The protocol is focusing on community participation as they intend to increase the adoption of blockchain technology. Harmony took blockchain sharding up a notch to make the blockchain faster without sacrificing its security and makes onboarding of new nodes easier for any accepted node. Sharding from Harmony ONE Protocol Harmony protocol uses beacon nodes to randomise validating nodes to different shards after each epoch. Though being a validator themselves, Beacon nodes accept stakes from all validating nodes. Harmony protocol contains four shards with the capacity for 1000 validating nodes of which there are currently 640 nodes from the community. When nodes in each shard find a block, the block header is sent to the beacon nodes which in turn broadcast them to the whole network. The block header contains the identifier for each block such as the blockchain version number, previous block hash, timestamp of the block, etc. Apart from the fact that the randomised sharding increases the security of the blockchain, the implementation of beacon nodes and saving block header further improves security, speed, and lowers the storage size for each node. Update from March 21st Harmony ( ONE ) Parabolic after the 13 EMA Crossed up 50 SMA , will update this chart with some key Buy Zones, for now lets enjoy this ride up to next key resistance. #ONE $ONE This blockchain has given our portfolio 30x Gains since purchasing in early January. What a journey so far and we are not even in Alt season yet! Whats your eoy targets? Personally I think $1 is very conservative at this rate and we might even reach higher price levels before EOY. Will update EOY Targets and critical Buy Zones for entry. Happy Trading :)
BINANCE:ONEUSDLong
by CryptocurrencyMagnet
2
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