Crypto analyst Chen Wen has claimed that popular cryptocurrency Zilliqa could make it to top 50 coin rankings by the end of May. Zilliqa has experienced a surge in price in the last 48 hours with its native token ZIL currently gaining about 14% on the USD during this period.
The spike in price has seen the token move to within the top 60 cryptos in the coin rankings and Chen Wen also known as the Oracle of Singapore, believes that this bullish run could propel the coin into the top 50 coins.
Zilliqa Intraday Trading
Zilliqa (ZIL) is among the few coins in the market respected for its smart contracts with continuous introduction of new developments. Looking at the 7-days market chart of the cryptocurrency, it is clear that Zilliqa (ZIL) had a significant short spikes in value in the last few days, and it has been consolidated with alternate upwards and downward rally.
With respect to the price of ZIL, the coin has been exhibiting bullish momentum since the Coronavirus crash of mid-March. During the pandemic event, ZIL bottomed at around $0.00225. However, the coin is currently trading at $0.012302 thus indicating a 331% percentage increment in a span of approximately two months.
In the last 24 hours, Zilliqa has added about 14.97 % to its value to be priced $0.012902 with a market cap that is just over $124 million which makes it’s the 54th largest coin in the market. Against BTC, Zilliqa gained 20.06%% in value according to Coinmarketcap.
Zilliqa Has Added Great Developments to its Ecosystem
Earlier in April, the Zilliqa team released Zeeves, the project’s revolutionary tipping bot on the Telegram messaging platform. The tipping bot opened a world of endless possibilities for Zilliqa for it now provides Telegram’s over 400 Million users, quick access to ZIL.
Additionally, in the early days of May this year, the team also launched a pilot twitter campaign on SocialPay that rewarded Twitter users for sharing Zilliqa updates or announcements on the social media platform.
All users had to do, was link their Twitter accounts to https://social.zilliqa.com/ and share tweets featuring the #Zilliqa hashtag. The campaign ran successfully from the 9th to the 11th of May with over 5,297 rewards claimed. The SocialPay feature is still active at the time of publication.