Hi there and welcome back to Zilliqa Zebra, your YouTube channel on all things Zilliqa. Let's determine the possible price movements of Zilliqa for the next 7 days.
7 days ago, I predicted that Zilliqa price will range between 12 cents to 15 cents. At this present moment, Zilliqa's price is trading at 12.6 cents and has been hovering around this range since 22 May.
Before I continue, dont' forget to like and subscribe to Zilliqa Zebra for your weekly price prediction forecast.
Zilliqa's price is bound by the support level between 11.7 cents and 14.7 cents. As Zilliqa's price has been fluctuating between this range since 19 May, it is actually parallel to the range in February to March period as what we can see from this one-day chart.
So what happened on 10 March to create this spike? Zilliqa made a big announcement, which was ZILHive incubator with an annual investment fund of USD $5 million for 15 companies building on the Zilliqa blockchain.
Hence, in a similar manner, we are waiting for the announcement of a major Zilliqa news to influence the sentiment for Zilliqa.
Just this week, we have seen the launch of Zilliqa Football Stars, which have at present moment already sold 1.2 millions dollars worth in less than 24 hours from launch.
As mentioned previously, a sustained increased market cap reflects Zilliqa's growth potential, and it must be triggered by a real world use case, and this points to the Ethereum - Zilliqa bridge to enable the projects built on ETH to migrate over to the ZIL blockchain for cheaper fees and faster transaction times.
Hence my prediction for the next 7 days will be a flat range from 11 cents to 15 cents, unless the big announcement comes out. We have all been waiting, so the day can only draw closer.
Don't forget to subscribe to my channel for more Zilliqa-related updates. And check out my other videos which might be of interest to you.
Zilliqa Zebra provides news, updates, how-to, guides and all things related to the Zilliqa, the first public blockchain to implement sharding on its mainnet. Zilliqa Zebra also shares weekly price predictions on Zilliqa.
Zilliqa Zebra is an ardent supporter of the Zilliqa blockchain.
Twitter: https://twitter.com/zilliqazebra
Google Site: https://sites.google.com/view/zilliqazebra
