Zilliqa #zil — is an innovative blockchain platform that first introduced sharding technology for scaling decentralized networks. Launched in 2017, the project continues to evolve, offering solutions for DeFi, metaverses, gaming, and Web3.

Key features of Zilliqa:

  • Sharding: a technology that divides the network into parts (shards), allowing for parallel transaction processing and significantly increasing throughput.

  • Security: a combination of the PBFT consensus algorithm and cryptography ensures the reliability of the network.

  • Ease of entry: integration with Web3Auth simplifies interaction with dApps, especially for newcomers.

  • Zilliqa 2.0: an upcoming major update that includes EVM support and improved compatibility with other blockchains.

Zilliqa Ecosystem

Zilliqa is actively developing its ecosystem by supporting:

  • Gaming projects and metaverses (e.g., Metapolis portal);

  • DeFi platforms like ZilSwap;

  • NFTs and art with unique token creation and selling opportunities;

  • Bridges: ZilBridge and X-Bridge connect ZIL with other networks.


Forecast and potential

Despite the current price of around $0.011, long-term forecasts show potential growth to $1 if all technological and market opportunities are realized. The success of Zilliqa depends on the adoption of updates, developer interest, and the overall state of the crypto market.




📈 While everyone is guessing whether ZIL will reach $1, let's take a look at the market through the lens of technical analysis and the Wyckoff accumulation model. For more than 900 days, Zilliqa has been moving in a wide horizontal range, which can be nothing but a prolonged accumulation phase.



What are we seeing on the chart?

Preliminary Support (PS) — noted back in 2022;

Selling Climax (SC) and Automatic Rally (AR) set the boundaries of the range;

Secondary Tests (ST) confirmed support;

And now the possible Spring — the final drop that may precede the growth phase.


Similar things happened with Chainlink (#LINK ): prolonged accumulation, a drop on negative news, and a powerful exit through consolidation to $30.


Targets for ZIL:
I do not set a target of $1 — too aggressive. But I consider the following levels realistic and achievable under favorable market conditions:


$0.26–$0.67 — the zone where it converges:

  • Historical volumes and levels;

  • Fibonacci correction;

  • Realistic capitalization ($2.5–6.5 billion).


    Output

ZIL might turn out to be the gem that has been accumulating for a long time and is now ready for a growth phase.