• Zilliqa (ZIL) lately reached 66 million community transactions.
• Nonetheless, on the time of writing, the worth of ZIL is down 2.5% and buying and selling round $0.024.

The value of Zilliqa (ZIL) has been buying and selling within the vary of $0.021-0.026. Actually, the downward stress on the coin has been holding again bulls since April twelfth and thirteenth, when ZIL worth dropped by over 30% in two days.

However what are the prospects for Zilliqa’s worth because the community hits key transaction milestones? May Zilliqa 2.0 be a possible catalyst for ZIL?

Let's check out the worth motion of this coin.

Zilliqa lately hit 66 million transactions

Zilliqa is without doubt one of the crypto tasks with the biggest neighborhood.

The challenge has reached practically 5 million addresses, and on Might 28, Zilliqa shared a submit indicating that community transactions on X had surpassed 66 million.

In line with the info, the variety of delegators is roughly 110,000, and the full variety of staked ZIL is over 5 million, which represents 29% of the full circulating provide. Zilliqa data these constructive indicators forward of Zilliqa 2.0, an improve geared toward enhancing the scalability, safety and interoperability of the community.

The brand new model of Zilliqa not solely brings extra environment friendly transactions by way of state sharding, but additionally improved EVM compatibility, native account abstraction, good accounts, and improved developer tooling.

ZIL Worth Outlook

Zilliqa worth has fallen 2.5% prior to now 24 hours and has been flat over the previous 30 days as bulls wrestle to keep up momentum.

ZIL is presently buying and selling at $0.024 on main cryptocurrency exchanges, a degree that represents an unremarkable improve of two.9% over the previous yr.

A have a look at ZIL worth on the weekly chart means that it’s bearish regardless of closing final week with a inexperienced candlestick. Consumers are additionally prone to be searching for constructive returns this week, however with the RSI and MACD suggesting a bearish motion, Zilliqa could retreat to a low of $0.022.

Nonetheless, if the worth rises together with the rally in Bitcoin and huge altcoins, ZIL may goal $0.034 and $0.039 as the subsequent main hurdles.

Notably, Bitcoin and Ethereum have additionally struggled amid the broader cryptocurrency selloff.