Zilliqa Continues to Gain Momentum as Token Prices Surge
Zilliqa (ZIL) has seen a significant increase in its token prices, with gains of over 5% in the past week. As of October 18th, Zilliqa was trading at $0.01692, and it has also shown a 1% increase in the past 24 hours. This surge in price indicates a bullish trend for Zilliqa, which is now ranked among CoinMarketCap’s top 100 coins. Additionally, the 30-day moving average has surpassed the 15-day moving average, forming a golden cross on the 4-hour charts.
Bullish Indicators on Zilliqa
The RSI (Relative Strength Index) on Zilliqa is on an upward trajectory, moving above the average line. The MACD (Moving Average Convergence Divergence) is also in the green zone, further confirming the bullishness of Zilliqa. Although volatility levels are currently low, they are expected to increase due to the token’s growing attention and rising trading volume.
Staking Activity Surges on Zilliqa
Zilliqa has experienced a surge in staking activity, with over 111,000 agents collectively staking a total of 5,841,362,121 ZIL. This highlights the growing reliance on the Zilliqa network and the increasing interest in staking ZIL for potential dividends. The platform provides a comprehensive instructional manual to guide users through the staking process and ensure a seamless transition into the rewarding journey within the Zilliqa framework.
Zilliqa’s Scalability and Transaction Confirmation
Zilliqa’s impressive performance can be attributed to its scalability and transaction confirmation speed. The network can handle around 1700 transactions per second (TPS), and by utilizing additional divisions, it can further enhance its scalability. The average time for transaction finality on Zilliqa is approximately 35 seconds, ensuring swift and reliable transaction validations.
Bitcoin Minetrix Warns of Potential Scams
Bitcoin Minetrix has surpassed a funding milestone of over $1.6 million, but it is cautioning users about potential scams. As the platform gains prominence in the crypto community, it emphasizes the need for increased vigilance and awareness to avoid fraudulent activities. Users are advised to verify information from trusted sources, refrain from sharing confidential details, and report any suspicious accounts immediately.
Prioritizing User Security in Cryptocurrency Mining
Bitcoin Minetrix offers a secure and transparent mining experience through its decentralized cloud mining solution. By proactively addressing high hardware costs and prevalent fraudulent schemes, the platform aims to promote trust and confidence among users. However, it also reminds users to remain cautious and vigilant in their interactions within the crypto mining world.
Hot Take: Zilliqa’s Rising Token Prices Reflect Growing Bullishness
Zilliqa’s recent surge in token prices demonstrates its growing bullishness in the market. With impressive gains over the past week and a strong presence on CoinMarketCap’s top 100 coins list, Zilliqa is positioning itself as a leading blockchain platform. The surge in staking activity further highlights the increasing reliance on the Zilliqa network. With its scalable infrastructure and efficient transaction confirmation process, Zilliqa provides a secure and profitable environment for users to engage in decentralized finance. Meanwhile, Bitcoin Minetrix’s cautionary message about potential scams serves as a reminder for users to exercise caution while navigating the crypto landscape.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.