Market Stats and Forecasts
Zilliqa Description
Zilliqa, also known as ZIL, is a popular cryptocurrency and blockchain platform that is designed to resolve the issues of scalability that are usually associated with other blockchain networks. With the help of sharding mechanism, Zilliqa aims to process thousands of transactions per second and wants to make it a probable superpower for decentralized applications(dApps). Now the question is, what is sharding mechanism? Let’s understand in detail. Sharding is the core technology of Zilliqa and this process usually involves distributing the blockchain into smaller shards or subsets, which normally process transactions self-sufficiently. This is a significant approach that improves the capacity of the network to handle more numbers of transactions without negotiating decentralization or security.
When it comes to utility of the ZIL token, it works for multiple purposes within the ecosystem, such as it is used to pay transaction fees on the Zilliqa network. Users can stake their ZIL to participate in network governance and earn rewards. ZIL holders can vote for the development of the network. ZIL is crucial for the development and growth of the Zilliqa ecosystem and supports the creation of dApps and other associate projects. This network is frequently working towards making it one of the best and well-capable ecosystems to handle large-scale applications.
By achieving high transaction speed and lower transaction fees, this platform aims to attract users and developers to adopt it as an efficient blockchain solution. When it comes to trading, you can buy or sell this token on several major exchanges like Huobi, Bitfinex, Bithumb and Binance. Overall, ZIL is a future-proof token that can become a game-changer in the crypto industry. If you are an investor, then this token can add value to your portfolio. We suggest you understand the risk of cryptocurrency and invest in ZIL tokens.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Zilliqa, Our analysis, guided by the machine learning experts, yields forecasts for Zilliqa price trajectory up to 2024. With a comprehensive understanding of Zilliqa historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 2 and an error value of 0.51%.
For the year 2024, our analysis indicates a projected yearly low of $0.0222, with the high anticipated to reach $0.03. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 0.0234 | 0.0239 | 0.0246 | -0.02 |
| 2024-09-16 | 0.0229 | 0.0236 | 0.0246 | -1.12 |
| 2024-09-17 | 0.0231 | 0.0239 | 0.0248 | -0.04 |
| 2024-09-18 | 0.0239 | 0.0247 | 0.0254 | 1.06 |
| 2024-09-19 | 0.0244 | 0.0252 | 0.0259 | 3.29 |
| 2024-09-20 | 0.0239 | 0.0247 | 0.0257 | 3.29 |
| 2024-09-21 | 0.0247 | 0.0249 | 0.0254 | 4.42 |
| 2024-09-22 | 0.0244 | 0.0252 | 0.0262 | 4.42 |
| 2024-09-23 | 0.0247 | 0.0255 | 0.0262 | 5.57 |
| 2024-09-24 | 0.0247 | 0.0255 | 0.0262 | 4.41 |
| 2024-09-25 | 0.0244 | 0.0252 | 0.0259 | 4.41 |
| 2024-09-26 | 0.0252 | 0.026 | 0.0268 | 6.71 |
| 2024-09-27 | 0.025 | 0.0255 | 0.0262 | 5.53 |
| 2024-09-28 | 0.0247 | 0.0255 | 0.0265 | 6.69 |
| 2024-09-29 | 0.0252 | 0.0255 | 0.026 | 6.69 |
| 2024-09-30 | 0.025 | 0.0261 | 0.0271 | 7.87 |
| 2024-10-01 | 0.0255 | 0.0264 | 0.0274 | 10.24 |
| 2024-10-02 | 0.0258 | 0.0263 | 0.0269 | 10.24 |
| 2024-10-03 | 0.0255 | 0.0264 | 0.0274 | 10.24 |
| 2024-10-04 | 0.0261 | 0.0263 | 0.0269 | 10.24 |
| 2024-10-05 | 0.0258 | 0.0266 | 0.0274 | 11.45 |
| 2024-10-06 | 0.0264 | 0.0275 | 0.0286 | 13.91 |
| 2024-10-07 | 0.0261 | 0.0272 | 0.0283 | 12.65 |
| 2024-10-08 | 0.0269 | 0.0275 | 0.0283 | 13.89 |
| 2024-10-09 | 0.0272 | 0.0278 | 0.0287 | 16.40 |
| 2024-10-10 | 0.0276 | 0.0284 | 0.0293 | 18.96 |
| 2024-10-11 | 0.0288 | 0.0294 | 0.0302 | 21.58 |
| 2024-10-12 | 0.0285 | 0.0291 | 0.03 | 22.91 |
Zilliqa Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Zilliqa is forecasted to achieve its peak value in 2025 at approximately $0.0454, while potentially dipping to a low of $0.0238. The average trading value during this period is projected to hover around $0.0412.Zilliqa Price Prediction 2026
In 2026, Zilliqa is anticipated to potentially reach its peak value of $0.0654, with a possible lower value of $0.0354. The average trading value for this period is estimated to be approximately $0.0584.Zilliqa Price Prediction 2027
As we look ahead to 2027, the trajectory of the Zilliqa coin may offer investors unexpected turns. Projections suggest peaks hitting $0.106 and lows stabilizing around $0.0504, with an average trading value resting near $0.0947.Zilliqa Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Zilliqa coin. Projections point towards a maximum value of $0.154, a minimum of $0.0833, and an average value of approximately $0.139.Zilliqa Price Prediction 2029
Our market analysis indicates optimistic prospects for the Zilliqa crypto in 2029, with projected peaks at $0.212 and floors at $0.117. Moreover, the average trading value of this coin is anticipated to hover around $0.189.Zilliqa Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Zilliqa token. Projections indicate highs near $0.301, potential lows around $0.151, with an average value of about $0.267.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.015 by the Aug 23, 2024. The Relative Strength Index (RSI) stands at 0.4583, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About zil
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Zilliqa is predicted to surge by 2.96% to $0.0239 by Sep 17, 2024, though current indicators show a Bearish sentiment with 10 out of 30(33%) green days and a notable -32.33% price volatility over the past month.
