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ZIL bulls eye EVM for uplift

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  • Zilliqa prices fell to intraday lows near $0.032 after buying pressure pushed the ZIL to $0.035.
  • The Zilliqa team recently announced the long-awaited upgrade that will bring EVM compatibility to the public on April 25, 2023.
  • ZIL price has risen after the initial announcement and the bulls are looking to make more gains.

Zilliqa (ZIL) fell in price on Sunday, with the sharding network’s native token dropping nearly 9% to reach $0.032.

The drop forced ZIL to give up its recent rally gained when upward momentum pushed the price above 0.035 amid network news.

Zilliq 2.0 will be available on April 25th, 2023

Last week’s announcement of Zilliqa 2.0, which brings Ethereum Virtual Machine (EVM) compatibility to the Zilliqa mainnet, pushed the price of ZIL above $0.035.

as mentioned in blog post On April 21st, the upgrade will start on April 25th, 2023. Notable benefits are full Solidity app compatibility and seamless transfer of ZIL tokens across EVM dApps and wallets, including MetaMask.

This upgrade is set not only to improve Zilliqa’s speed and scalability, but also to make it easier for developers to build on the blockchain. Developers will find that fees are many times cheaper on his Zilliqa than on his Ethereum.

Zilliqa Price Prediction: What’s the Next ZIL?

With over $5.5 billion worth of ZIL staked, over 4.5 million unique addresses and over 47 million transactions completed, it’s clear that Zilliqa is growing. Still, new impetus may come from the developer, and the community is excited about how his EVM compatibility post-Zilliqa 2.0 will affect the price of his ZIL.

The ZIL/USD pair has traded around 4% in green over the past week as a result of the weakness seen in the last 24 hours. In terms of price predictions, a short-term rally to intraday highs sees his ZIL pressure for renewed buying that could help the bulls target $0.46 and then $0.60.

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