Altcoin Zilliqa on Binance continues its mind-blowing run in the market, gaining 360 percent in the past seven days. According to the chart provided by TradingView, ZIL remains in an uptrend, gaining around 30 percent at the peak.
Altcoin reaches May levels
Zilliqa’s 360 percent pump, which was released in 2018, is actually not true, although it suggests that the cryptocurrency has reached a new ATH. The altcoin is currently trading around May 2021 levels, 20 percent lower than the previously observed high price point.
While not breaking records in terms of price, Zilliqa has actually reached new highs in terms of trading volume, which surpasses all previous values. According to TradingView’s volume indicator, the trading volume has reached seven billion ZIL at one point, while the average daily trading volume hovers around 100 million ZIL. The altcoin, which has withdrawn by 18 percent in the past days, has reached 6.1 billion with still a significant increase in volume in the market.
Does this pump have a future?
A similar price performance was observed for the Shiba Inu, which registered a similar 1,000 percent increase in November 2021. While SHIB rose substantially over the 25-day period, it lost more than 50 percent of its earned value 25 days after ATH. On the other hand, Zilliqa’s Metapolis launch event will take place today in Miami, days before the Bitcoin conference. The altcoin surged nearly 5x in the two weeks leading up to the Metapolis launch this month, rising from $0.041 to $0.2 on Friday. As previously reported as
Kriptokoin.com, Metapolis will be powered by the Zillqa Blockchain. Also at Zilliqa, Sandra Tlibe, Head of Metaverse and NFT, suggested that JPMorgan may have already set up a plot in Metapolis. A blog post on the project from Zillqa states:
Metapolis is conceptually rich and a part of cities that can house brands, artists, concepts, games, e-shops, real estate or other digital experiences. will allow custom designed domes.
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