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👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On!

What is Zilliqa (ZIL)?

Zilliqa is a new public blockchain platform for high-throughput applications. It brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The latest experimental results demonstrate a throughput of more than 2,400 transactions per second, which is over 200 times higher than that of today’s popular blockchains. The platform is tailored towards enabling high-throughput data-driven decentralized apps, designed to meet the scaling requirements of applications in areas such as digital marketing, payment, shared economy and rights management.

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📅Event

Zilliqa is today’s Coin of the Day on lunarCRUSH along with they have staking being spread across many platforms.

📈Analysis

It’s been a euphoric Q2 for ZIL bulls as the price pumped almost 450% from its eight-month-long accumulation.

Buying into prolonged pumps is a risky strategy, but the current retracement might offer an entry to target the highs at 0.00000331, just above the monthly level at 0.00000324.

Equal lows at 0.00000229 and 0.00000214 make a tempting target for bears or entry points for bulls, with the swing high just below at 0.00000197 providing potential support if the current monthly level fails to hold.

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👀www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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