- The Zilliqa blockchain ranked #1 on the social and market exercise entrance as per information from LunarCrush
- At press time, ZIL was buying and selling 1.44% increased than the final 24 hours
Crypto asset intelligence platform, LunarCrush launched a listing of the highest 10 cryptocurrencies available in the market. The tweet, dated 21 April, highlighted the altcoins with excellent social and market exercise.
As per rankings from LunarCrush, Binance Coin [BNB] secured third place, whereas Polymesh [POLYX] secured second place. Apparently the altcoin that secured first place was Zilliqa [ZIL].
Present prime 10 cryptocurrencies by LunarCrush AltRank™ with main social + market exercise.
1️⃣ $zil
2️⃣ $polyx
3️⃣ $bnb
4️⃣ $oax
5️⃣ $trx
6️⃣ $bone
7️⃣ $powr
8️⃣ $usdc
9️⃣ $kas
🔟 #1inchView real-time AltRank™, social, and market metrics at https://t.co/YlhjKxpbmz $alts #altcoins pic.twitter.com/Ql1b6WIoJv
— LunarCrush (@LunarCrush) April 21, 2023
Learn Zilliqa’s [ZIL] worth prediction 2023-2024
Moreover, as per LunarCrush’s findings, the blockchain’s 24-hour exercise was value noting. Its social engagements reached a formidable variety of 17,975,812 with 4,686 social mentions. However what could possibly be the explanation for ZIL’s sudden surge?
With outperforming social + market exercise, Zilliqa has hit the #1 AltRank™ on https://t.co/Ye6YvohFao.
24-hour exercise
17,975,812 social engagements
4,686 social mentions
As much as 298 social contributors per hour
Worth +6.823% to $0.03197https://t.co/koco2fAvSX$zil #zilliqa pic.twitter.com/oY52F6HUuY— LunarCrush (@LunarCrush) April 21, 2023
What’s cooking ZIL?
CryptoBusy, a Twitter deal with geared toward crypto training, posted a tweet on 21 April that on 25 April, the Zilliqa mainnet would activate the Ethereum Digital Machine (EVM) compatibility. This might allow the native switch of tokens, thus eliminating the conversion course of.
Blockchain Revolution forward! 🚨
1/🧵 This April twenty fifth, 2023, the #Zilliqa mainnet will activate the a lot awaited Ethereum Digital Machine #EVM compatibility which can allow the native switch of tokens with out the necessity for conversion processes.$ZIL #Crypto #blockchain #Web3 pic.twitter.com/Wcqv4Crvz9
— CryptoBusy (@CryptoBusy) April 21, 2023
The Twitter thread additionally said that the EVM compatibility will make the switch of NFTs and fungible tokens between EVM and Scilla interfaces simpler. Moreover, the improve additionally goals to enhance the general velocity and scalability of the community.
Is ZIL the following large factor?
On the time of writing, information from the intelligence platform Santiment said that ZIL’s social dominance witness a pointy drop. This indicated that the market wasn’t actively speaking in regards to the altcoin on the social entrance.
Moreover, improvement exercise on 21 April did witness a small spike. Nevertheless, it didn’t strengthen a bullish notion. A slow-moving improvement exercise additionally indicated that builders weren’t contributing sufficient in direction of the event on the chain.
Supply: Santiment
ZIL’s market cap too witnessed a decline after surging on 20 April. Nevertheless, opposite to the aforementioned information, ZIL’s quantity was a lot increased as in comparison with the start of April.
However the next quantity doesn’t essentially imply increased shopping for of the token. It might additionally imply traders have been available in the market to dump their holdings. So the place does ZIL stand now?
Supply: Santiment
In ZIL we (might) imagine…
On the time of writing, ZIL flashed pink bars and was exchanging palms at $0.0310. Moreover, ZIL’s Relative Power Index (RSI) stood proper above the impartial line at 55.60. Nevertheless, the RSI did witness a steep fall from the overbought zone to land at its press time place. This was a barely bearish sign.
Is your portfolio inexperienced? Verify the Zilliqa Revenue Calculator
Nevertheless, the Superior Oscillator (AO) flashed inexperienced bars above the zero line on the time of writing. The Shifting Common Convergence Divergence (MACD) indicator confirmed that the MACD line was nonetheless above the sign line. Nevertheless, a drop within the shopping for stress would result in the MACD crossing the sign line to drop additional.
Supply: TradingView
Regardless of a skeptical view on the value entrance, as per CoinMarketCap, ZIL was buying and selling 1.44% increased within the final 24 hours. Moreover, information from coinglass additionally confirmed that at press time, ZIL’s lengthy/quick ratio was increased. This indicated that almost all traders have been keen on holding on to ZIL.
Supply: coinglass
