when

April

Zilliqa

<div class="coinjournal">
 <ul>
 <li>Zilliqa (ZIL) recently hit 66 million network transactions.</li>
 <li>However, ZIL price was down 2.5% at the time of writing, trading near $0.024.</li>
 </ul>
 Zilliqa (ZIL) <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has traded in the $0.021-$0.026 range. Indeed, the downside pressure on the coin has hindered bulls since the sharp decline witnessed on April 12 and 13 when ZIL <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> fell more than 30% in two days.
 But what’s the outlook for Zilliqa price as the network hits a key transaction milestone? Is Zilliqa 2.0 a potential catalyst for ZIL?
 Here’s a look at this coin’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> performance.&nbsp;
 <h2 id="span-style-font-weight-400-zilliqa-recently-hit-66-million-transactions-span">Zilliqa recently hit 66 million transactions</h2>
 Zilliqa is one of the crypto projects with largest communities around it. 
 The project has reached nearly 5 million addresses and on May 28, Zilliqa shared a post on X indicating network transactions had surpassed 66 million.
 Data also showed close to 110,000 delegators and over 5 million in total staked ZIL, which represents 29% of the total circulating supply. Zilliqa is recording these positive metrics ahead of Zilliqa 2.0, an upgrade aimed at enhancing <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> scalability, security and interoperability.
 A new version of Zilliqa will not only streamline transactions via state sharding, but also bring about greater EVM compatibility, native account abstraction, smart accounts and improved developer tools.
 <h2 id="span-style-font-weight-400-zil-price-outlook-span">ZIL price outlook</h2>
 Zilliqa price is down 2.5% in the past 24 hours and flat in the past 30 days as bulls struggle for momentum. 
 ZIL currently trades at $0.024 across major crypto exchanges, with these levels indicating an unimpressive 2.9% upside in the past year.
 <img decoding="async" class="alignnone size-full wp-image-206069" src="https://cdn.thebittimes.com/images/2024/05/30/a8837bafdd54bfb3c146b7edeaf30ff2.webp" alt="" width="1074" height="545">
 A look at ZIL <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> on the weekly chart shows weakness despite a green candle close this past week. Buyers are also likely to target a positive return this week, but with the RSI and MACD suggesting a bearish course, its possible Zilliqa could retreat to lows of $0.022.
 However, if <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> breaks higher alongside gains for Bitcoin and the big cap altcoins, ZIL could target $0.034 and $0.039 as the next major hurdles.
 Notably, Bitcoin and Ethereum are also struggling amid broader crypto downside.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/zilliqa-price-outlook-as-network-hits-key-milestone-tbt90409.html">https://thebittimes.com/zilliqa-price-outlook-as-network-hits-key-milestone-tbt90409.html</a>

Zilliqa price outlook as network hits key milestone

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