- Zilliqa price declined near $0.032 after buying pressure pushed ZIL to $0.035.
- Zilliqa team has recently announced the much awaited upgrade which brings EVM compatibility which will go live on 25th April 2023.
- ZIL price rallied after the initial announcement and bulls are looking for even more gains.
The price of Zilliqa (ZIL) plummeted on Sunday, with the sharing network recording a nearly 9% drop to $0.032.
The decline saw ZIL giving up recently earned gains when bullish momentum amid network news pushed the price above $0.035.
Zilliq 2.0 will go live on 25th April 2023
Last week’s announcement of Zilliqa 2.0, which brings Ethereum Virtual Machine (EVM) compatibility to Zilliqa mainnet, saw the ZIL price above $0.035.
#EVM Compatibility is coming to Zilliqa Mainnet on April 25th!
Find out more about the EVM launch details and the features coming to Zilliqa 2.0 in our interview with Zilliqa CTO Richard Watts:https://t.co/jnq4EHWmoC #blockchain #Zilliqa— Zilliqa (@zilliqa) April 21, 2023
as mentioned in a blog post On April 21, the upgrade will go live on April 25, 2023, with notable benefits including full compatibility of Solidity apps and seamless transfer of ZIL tokens to EVM dApps and wallets, including MetaMask.
The upgrade aims to improve Zilliqa’s speed, scalability, as well as make it easier for developers to build on the blockchain. Developers will note that the fees are several times cheaper than Zilliqa Ethereum,
Zilliqa Price Prediction: What’s Next for ZIL?
With over $5.5 billion worth of ZIL at stake, over 4.5 million unique addresses and over 47 million transactions completed, it is clear that growth is on the way for Zilliqa. Yet there may be new inspiration from developers and the community is excited about what EVM compatibility could mean for ZIL value after Zilliqa 2.0.
The ZIL/USD pair was trading in the green by about 4% over the past week as a result of the weakness observed over the past 24 hours. In terms of price prediction, a break above the intraday high in the near term would look fresh Buy ZIL The pressure that could help the bulls target $0.46 and then $0.60.