Zilliqa (ZIL) Price Prediction 2023-2030: Will ZIL Price Hit $1 Soon?

Bits Logics Team . 13th Sep 2023

• Bullish Zilliqa (ZIL) price prediction ranges from $0.03 to $0.06
• Analysis suggests that the ZIL price might reach above $0.05.
• The ZIL bearish market price prediction for 2023 is $0.004.

Zilliqa (ZIL) Price Prediction 2023-2030 Overview

What is Zilliqa?

Zilliqa is a public, permissionless blockchain designed to address blockchain scalability and speed issues by utilizing sharding as a second-layer scaling solution. This enables it to process thousands of transactions per second. It also serves as a platform for numerous decentralized applications and introduced staking and yield farming options as of October 2020.

Development work on Zilliqa commenced in June 2017, and the test net became operational in March 2018. Just over a year later, in June 2019, the platform successfully launched its mainnet.

The native utility token of Zilliqa, known as ZIL, plays a pivotal role in processing transactions on the network and executing smart contracts.

The initial concept for Zilliqa originated from the collaboration of Prateek Saxena, an assistant professor at the National University of Singapore School of Computing, and his students. They published a paper in 2016 outlining the advantages of a sharding-focused blockchain for enhancing network efficiency and speed.

Simultaneously, Prateek Saxena co-founded Anquan Capital alongside Max Kantelia, a seasoned finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. In June 2017, the company established Zilliqa Research to spearhead the development of the Zilliqa network. 

The leadership team included Dong Xinshu as CEO, Yaoqi Jia as CTO, and Amrit Kumar as CSO, all of whom had previously served as research fellows at the NUS School of Computing.

Zilliqa (ZIL) Market Overview

Zilliqa (ZIL) Current Market Status

The maximum supply of Zilliqa (ZIL) is 21,000,000,000 ZIL, while its circulating supply is 15,867,699,447 ZIL, according to CoinMarketCap. At the time of writing, Zilliqa is trading at $0.01582 representing 24 hours increase of 1.75%. The trading volume of Zilliqa in the past 24 hours is $31,417,437 which represents a 124.96% increase.

Some top cryptocurrency exchanges for trading Zilliqa are  Binance, Huobi, Bitfinex and Bithumb. 

Now that you know Zilliqa and its current market status, we shall discuss the price analysis of  Zilliqa for 2023.

Zilliqa (ZIL) Price Analysis 2023

The above chart shows how ZIL has been making lower highs and lower lows since April 2023. However, once the token reached $0.017, there was a consolidation phase for ZIL, as it started to move sideways. Currently, ZIL is rising after touching the lower Bollinger band. There is a high chance that ZIL could move towards the SMA and reach the upper Bollinger band. The above statement is based on the sighting of buyers entering the market. 

Moreover, the RSI which is at 39.90 is rising. This denotes that buyers are present in the market and if more buyers enter, then, the RSI value could go even higher. Since the RSI value is neither overbought nor oversold, we can consider that ZIL is on a strong trend. The Elder Force Index (EFI) records a value of 12.628K and rising. This too signifies that the direction of price change is positive and that more buyers could be entering the market. 

Zilliqa (ZIL) Price Prediction 2023

When looking at the chart above, we can see that ZIL has been fluctuating inside a falling wedge. As per the breakout of a conventional wedge, ZIL has the potential to break the $0.036 resistance level and reach the $0.05 level by the end of 2023. However, if the bulls take over the market this could happen sooner than later. 

In the event that ZIL crashes and falls below the lower trendline, it may first test the $0.013 support level and if this is breached it will test the $0.007 support level. 

Zilliqa (ZIL) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, ZIL also could trade at a price, not below $0.085 by the end of 2024.

Zilliqa (ZIL) Price Prediction 2025

Zilliqa may harvest the after-effects of the Zilliqa halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, ZIL will continue to rise in 2025 forming new resistance levels. It is expected that ZIL will trade beyond the $0.34 level.

Zilliqa (ZIL) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, ZIL could lose momentum and be way below its 2025 price. As such, it could be trading at $0.275 by 2026. 

Zilliqa (ZIL) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Zilliqa halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in ZIL’s prices and we could expect Zilliqa to trade at around $0.25 by the end of 2027. 

Zilliqa (ZIL) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Zilliqa halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, ZIL would be trading at $0.3 after experiencing a considerable surge by the end of 2028. 

Zilliqa (ZIL) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, ZIL could be trading at $0.665 by the end of 2029.

Zilliqa (ZIL) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ZIL could be trading at $0.6.

Zilliqa (ZIL) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating ZIL. Hence, the price of ZIL could be trading at $1.38. 

Zilliqa (ZIL) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such ZIL could reach $2.15.

Conclusion

If investors continue showing their interest in ZIL and add these tokens to their portfolio, it could continue to rise. ZIL’s bullish price prediction shows that it could reach the $0.65 level. 

FAQs

Disclaimer: The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.