Zilliqa ($ZIL )

In recent days, ZIL has lost 20% and at the time of writing this analysis, it is trading at $0.0100, facing resistance. Despite the decline, the altcoin has every chance to reverse the trend — on Monday, Zilliqa began the migration to Zilliqa 2.0.

The main change in the transition to Zilliqa 2.0 is the shift in consensus from Proof of Work (PoW) to Proof of Stake (PoS). This upgrade promises to increase speed, efficiency, and compatibility between blockchains.

If the price of ZIL recovers, a rise to the resistance level of $0.0108 is possible. This will help offset the 20% losses this month and lead to further growth if market conditions are favorable after the migration to Zilliqa 2.0.$BANANAS31 $SEI