Over the past week, Zilliqa saw its price go up by 0.14%. It is above its 20 day moving average by 0.78%, so it’s fairly close. Zilliqa’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Zilliqa is more volatile than roughly 29% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Zilliqa to experience a price range in US dollars between 0.006440225 and $0.007498875.
Over the past week, Zilliqa saw its daily volume range between 6,518,144 and 178,961,471 units of its own currency. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Zilliqa’s trading turnover — meaning the percentage of its available supply that was traded — come in at 0.93%. Its trading turnover percentage is higher than about 58.14% of the coins we’re tracking, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
The number of wallets holding Zilliqa went from 33,786 to 33,775 in the past week, marking a change of -0.03%. And in regards to cumulative transactions logged on the blockchain, they went from 420,120 to 420,281, which amounts to a change of 0.04%. Zilliqa’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 0.01% which puts it ahead of 40.03% of the coins in our index. One interpretation of this may be that the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
Zilliqa currently has 20 public repos on GitHub, with the oldest one clocking in at 1.95 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Zilliqa’s repos that are visible to the public collectively have 1185 watchers — specifically, that’s more than 69 % of the top 100 coins we’re looking at. The coin has 216 total outstanding issues across all 20 of its public repositories on GitHub. In comparison to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on Zilliqa’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Zilliqa we see that it fares better than only 35% of the coins we group Zilliqa in.
Zilliqa News and Commentary
Over the past week, we found one link about Zilliqa that we thought was particularly interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Article by SixJupiter