Zilliqa declares the establishment of the Zilliqa Group.

Zilliqa Research Pte. Ltd. has formed the Zilliqa Group, a conglomerate focusing on Web3 and blockchain-based products, including gaming and decentralized finance, with a restructured board overseeing the transition.

Timeline of Zilliqa

The ZIL token has seen a jump in its price over the last day in anticipation of the latest Zilliqa network upgrade. According to data by CoinMarketCap, ZIL has now gained 10.13% in the last 24 hours, emerging as the top gainer of the day.

Ziliqa (ZIL) has made history by joining the hoard of Layer 1 blockchain protocols spreading their tentacles, especially into the Ethereum (ETH) world. In a recent announcement, Ziliqa revealed that it has successfully launched its Ethereum Virtual Machine (EVM) protocol and is now fully live on the mainnet.

Zilliqa (ZIL/USD) has recorded significant price fluctuations over the past year, trading at $0.044 on 1 March 2022, $0.016 on 1 January 2023, and $0.0315 on 1 March 2023. At press time, ZIL/USD was valued at $0.0275 after a 2.34% drop in the last 24 hours.

Zilliqa users will be able to transfer original ZILs using wallets such as MetaMask and deploy Solidity smart contracts via developer tools like Truffle and Hardhat as of April 25.

The crypto verse has been generous for newer innovations, as the interst of marketers diverses from mainstream projects. As a result of which, a range of crypto projects have arrived in the market with groundbreaking technologies. One among such projects, which has become the first public blockchain to implement sharding on its mainnet, was Zilliqa.

For nearly eight months, the Zilliqa coin price was falling under the influence of a falling wedge pattern. During the pattern formation, the prices resonated between two converging trendlines, carrying an established downtrend.

Zilliqa (ZIL/USD) is up more than 49% in the past 24 hours. According to data from CoinGecko, the digital token is currently the best gainer among the top 100 cryptocurrencies by market cap, gaining more than Cardano's 13% and Solana, whose SOL is up 21%.

The Zilliqa (ZIL) price has been consolidating above a descending support line over the past month and could soon initiate a short-term upward movement. The post Zililqa (ZIL) Price Prediction: Why Collapse Below $0.028 Seems Imminent appeared first on BeInCrypto.

ZIL's price shows strength for the first time after a long while. ZIL bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend.

Zilliqa announced the launch of its own Web3 gaming console, the company seems ready to jump into a sector led by PlayStation, Microsoft, and Nintendo. The upcoming console will have multiple capabilities allowing players to enjoy gaming while mining the network native token, ZIL.