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Zilliqa: From 42% intra-day rally to dizzying volumes – what’s going on in ZIL

May 7, 2022

Additionally, the project joined the Blockchain Gaming Alliance (BGA) and announced Metapolis. Zilliqa recently launched its own Metapolis metaverse. The VIP launch took place at the start of April, but ordinary users couldn’t enter it yet. Nonetheless, the anticipation, indeed, helped garner interest across the industry. Thanks to you This enthusiasm did showcase on the on-chain volume metric and there has been incredible activity there too. Look at the single massive uptick on 7 May – this itself incorporated 7.7 billion in volume. This just showcases that investors or traders had faith for the long run and would continue to hold it despite market volatility. Source: Santiment In addition, the development activity painted a similar picture, even though the rise didn’t showcase the same sentiment. But, the metric did record a significant surge. The development activity and interrelation with its token price and capitalization growth could further trigger ZIL’s price. Source: Santiment Moreover, the flagship ecosystem achieved several different milestones over the year as highlighted in the tweet below. Zilliqa is built differently. — The Blockchain Media | We are hiring! (@thechainmedia) May 5, 2022 Zilliqa, at press time, surged by more than 4% over the past 24 hours. According to CoinMarketCap, ZIL traded at the $0.08 mark. Despite a slow price growth, ZIL had given a staggering rally in the past. It gained over 400% in a month when other cryptos struggled to get any momentum. However, Zilliqa couldn’t sustain those gains. It fell almost 60% in April as seen above. Nonetheless, could ZIL repeat a similar rally considering the aforementioned factors? Read the best crypto stories of the day in less than 5 minutes Subscribe to get it daily in your inbox. Please select your Email Preferences. The Daily Digest

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