Zilliqa (ZIL) started the week with a bullish stance after breaking above a descending wedge pattern on Monday. Consequently, the altcoin saw a notable uptrend to trade at $0.01440 during this publication – a nearly 5% jump. ZIL to extend upsurges The altcoin exhibits a bullish outlook after a 3.50% increase over the past day.

ZIL, the utility token of the permissionless blockchain Zilliqa, has seen its price decrease by 37.29% this year. While holders may be hoping for a recovery, analysis suggests that decline may continue for some time.

The battle for the best blockchain for developers and users has been won by the likes of Ethereum, Solana, BNB Chain, Arbitrum, and Base. Many contenders who were hoping to take on Ethereum have faced substantial challenges and evolved into ghost chains.

According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie's Tron and Zilliqa trusts, was reportedly concluded before Abra reached a settlement with state regulators.

Abra, the digital assets and wealth management platform, purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto trusts from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private trusts just before its settlement with 25 U.S.

TL;DR Zilliqa has released its highly anticipated version 2.0, highlighting improvements in speed and compatibility with other blockchains. The x-shards sharding architecture allows for the creation of customized blockchain experiences for businesses and developers. A new proof-of-stake consensus mechanism has been introduced to enhance network efficiency and security.

Block times can also be adjusted as desired. The root mainnet shard features an average block time of just 2 seconds.

Zilliqa (ZIL) notes sideways momentum that has continued for the past few weeks, which may not be easy to break.

Zilliqa (ZIL) remains under bearish pressure after its price fell sharply amid recent network disruptions. While the ZIL token's current price saw a slight bounce to $0.022, a look at the performance over the past month indicates a downtrend. The slight recovery from the April lows of $0.

Zilliqa developers announced the complete restoration of network functionality after problems with block generation.

Following a series of network disruptions, Zilliqa has restored network functionality and is focused on debugging amid its v9.3.4 network upgrade.

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Zilliqa price continued bouncing back this week as the crypto bull run gained steam. ZIL has now risen for six straight weeks, moving to its highest point since August 2022. It was the first time for this consecutive rally to happen since 2018.

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Bitcoin and other altcoins had a strong performance in 2023 as the industry went through numerous headwinds and tailwinds. The biggest tailwinds were the legal victories by Ripple Labs and Grayscale against the Securities and Exchange Commission (SEC).

Story Highlights The live price of Zilliqa is . ZIL price could possibly claim its potential high of $0.0465 by the end of 2024. Zilliqa price may reach a high of $0.158 by the end of 2030. The crypto verse has been generous for newer innovations, as the interest of marketers diverse from mainstream projects.

"We are still investigating & we should be able to share an update soon," wrote a Zilliqa community moderator.

On Dec. 18, the Zilliqa core team announced a critical technical issue affecting block production in their network. The team announced the development on social media and said that it is investigating the issue as a top priority.

The Zilliqa blockchain network today encountered a significant technical disruption, impacting its block production.

Zilliqa is currently working diligently to rectify the situation. So, they strongly recommend all their partners temporarily refrain from initiating any deposits or withdrawals.

These cryptos to buy have the potential to breakout in Q4 for multiple reasons, including the overall resurgence of the sector of late.

In a Nov. 6 post on X, Zilliqa, a layer-1 blockchain with almost half a million followers, shares the news of the Ionise Protocol, built on Zilliqa EVM, going live on mainnet.

Cryptocurrency prices joined American stocks in a major rally as traders waited for the important Federal Open Market Committee (FOMC) decision. The Dow Jones jumped by more than 250 points while the S&P 500 and Nasdaq 100 soared by over 0.80%.

Zilliqa (ZIL) price has moved sideways in the past two months as the crypto winter continues. The token was trading at $0.017 on Tuesday, a few points above the year-to-date low of $0.0144. It has dropped by more than 54% from its highest point this year and by 93% from its record high in 2021.

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Zilliqa, a layer-1 blockchain, and GMEX Group have launched ZERO13, a carbon offset platform

The Zilliqa (ZIL) price saved a breakdown from the $0.0165 horizontal support area and is now in the process of breaking out from a descending resistance line.

Story Highlights The current price of Zilliqa is . ZIL price could possibly claim its potential high of $0.0341 by the end of 2023. Zilliqa price may reach a high of $0.158 by the end of 2030. The crypto verse has been generous for newer innovations, as the interest of marketers diverse from mainstream projects.

Zilliqa (ZIL), one of the first sharded decentralized networks, invites all holders of governance asset gZIL to take part in two referendums on potential upgrades to the blockchain's design. With the proposed upgrades, Zilliqa (ZIL) will distribute rewards in a fairer manner and save resources on processing transactions via shards.

Google Cloud is set to collaborate with Zilliqa on delivering improvements to the base layer protocol.

In the name of diversifying portfolios to include a small share of the next big thing, investors should consider these cryptos to buy.

Bitcoin (BTC/USD) price rose for the second straight day as investors cheered the recent Franklin Templeton spot ETF application. The coin is sitting at $26,308, a few points above this week's low of $24,910. Why is Bitcoin price falling? Bitcoin and other cryptocurrencies have struggled recently amid rising headwinds in the industry.

Zilliqa, a high-performance L1 blockchain, is going to advance its performance, accessibility, transparency and bandwidth with a collaboration scored today with Google Cloud.

Zilliqa just announced a multi-year strategic relationship with Google Cloud today at TOKEN2049. The collaboration will improve the Zilliqa layer 1 blockchain protocol's scalability, resilience, and data availability.

Google Cloud joins the Zilliqa (ZIL) network as a staked seed node operator to scale the blockchain's resilience and data availability.

Zilliqa Group has entered into a multi-year strategic partnership with Google Cloud to enhance the Zilliqa Layer 1 blockchain protocol. This collaboration aims to bolster the scalability, resilience, and data availability of the blockchain, thereby benefiting ventures within the Zilliqa ecosystem and the broader Web3 landscape.

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Zilliqa Research Pte. Ltd. has formed the Zilliqa Group, a conglomerate focusing on Web3 and blockchain-based products, including gaming and decentralized finance, with a restructured board overseeing the transition.

Cryptocurrency prices were in the red on Friday morning as concerns as a sense of fear spread in the market. Bitcoin plunged below the important support at $28,000 and reached a multi-month low of $26,000. Most altcoins, including ApeCoin, Zilliqa, Bitcoin Cash, Sui, and Solana also plunged.

Zilliqa (ZIL) and Cardano (ADA) have emerged as notable smart contract-oriented public blockchains. With Zilliqa boasting a market capitalization of approximately $345 million and a reported daily traded volume of around $18 million, and Cardano not far behind, both networks have caught the attention of DeFi developers.

Cryptocurrency prices remained in a consolidation mode during the weekend as volume dropped. Bitcoin was oscillating at the important level of $30,000 while Ethereum held strong at $1,800. As a result, the fear and greed index has remained steady at 50 while the total market cap has dropped to ~$1.19 trillion.