When will ZIL coin return to normal (continuous surge in ZIL coin)

When will ZIL coin return to normal? Starting from yesterday, the price of ZIL coin has dropped to its lowest point in history. The current price of ZIL is 0.005 USDT per coin, with a market cap of nearly 20 million US dollars. However, as time goes on, the market situation seems to be gradually improving. But if it returns to normal earlier today, it would be bad news for some users.

What is Zilliqa? Zilliqa is a cryptocurrency project initiated by Russian developers, aiming to provide a digital asset (non-fungible token) on an economy known for privacy. It is a virtual world platform based on blockchain technology. Its total supply is constant at 21 million coins, and new coins are issued and destroyed every day. This new digital currency is completely different from before, only because it uses a “dual mining” mechanism to protect network security. And now this system is called zero fee, which means you cannot exchange your money for others’ money and you need to pay a certain premium or other fees to complete the transaction, thus avoiding losses caused by intermediaries. So when will it return to normal? What’s the specific situation? When will it return to normal? The following chart shows the trend of Zilliqa:

Image source: Tradingview.com

According to the information released by Zilliqa official, as of 17:00 on November 18th, Bitcoin price has dropped more than 50%, and as of 9:00 on December 19th, Zilliqa has risen nearly 5% in 24 hours, reaching a historical high of $0.016. (Market data shows that within 10 minutes, the price reached a peak of around $0.052)

Continuous surge in ZIL coin

Since July 10th, ZIL coin (Zild) has been rising continuously. According to CoinMarketCap data calculated as of 12:30 today, ZIL is priced at $0.013, with a market cap of approximately 500 million dollars, and a 24-hour rise of over 15%. Currently, the coin ranks third on the Binance Smart Chain, with a 24-hour increase of 11.6%.

It is reported that recently, multiple platforms have launched similar project tokens, such as the decentralized exchange Uniswap, the liquidity mining protocol Aave, and applications developed based on Ethereum, such as the Solana ecosystem aggregation platform Synthetix, etc.