Zilliqa Price Prediction - Why Sharding Pioneer Is on Fire and Should You Buy Today?

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Zilliqa’s ZIL token has been on an impressive roll this week, with its price rising considerably as more investors jump to catch its hot wave. However, why is its price on the rise, and what should investors know about it? 

At press time, the ZIL token trades at $0.02413, indicating an uptrend of an impressive 2.72% in the past 24 hours, handily outperforming the broader market, which is up by 0.08% in the same period. 

Still, this isn’t enough to capture ZIL’s impressive price surge. ZIL has been on a 41.65 price surge in the past two days. It has been arguably the best-performing major altcoin in the market within that time frame, benefiting from improved market dynamics and strong fundamentals. 

Interestingly, ZIL’s strong price action hasn’t been enough to lift its technicals. The coin still trails all of its major moving average (MA) indicators, ranging from the 10-day MA of $0.02417 to the 200-day MA of $0.02441. Nevertheless, ZIL should be able to break several of its bounds as its price continues to rise. 

A negative moving average convergence divergence (MACD) shows that ZIL still shows a sell signal, although the asset’s relative strength index (RSI) of 48.33 shows that it is not yet overbought.

An official blog post from the Zilliqa developers recently confirmed that the platform will now support the Ethereum Virtual Machine (EVM). 

Thanks to EVM compatibility, everyone within the Zilliqa ecosystem will be able to communicate seamlessly with other EVM-compatible chains on different networks. The Zilliqa blockchain is set to become more open and functional, with massive