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By Crypto_Dec0ded · Posted
Zilliqa (ZIL) is a cutting-edge public blockchain designed to overcome the scalability and throughput limitations that have hindered older networks like Bitcoin and Ethereum. With its innovative approach, ZIL is changing the game for decentralized applications (dApps) and smart contracts, offering faster transaction speeds and the ability to handle high volumes of transactions. Zilliqa, the pioneering layer-1 blockchain known for its groundbreaking sharding technology, has reached a significant milestone with the deployment of the Aventurine proto-mainnet.This advancement is a key step toward the highly anticipated Zilliqa 2.0, which is set to launch its mainnet with the Agate release in Q4 2024. For a deeper dive into Zilliqa's future potential, check out our Zilliqa price prediction. As per Zilliqa is currently trading at currently priced at $0.02807 (at the time of writing).On a longer time frame, the 50-day and 200-day moving averages have shown a bullish crossover, signaling the possibility of a more extended upward trend for Zilliqa. Aventurine for Zilliqa 2.0 Aventurine serves as a vital testbed for Zilliqa 2.0, introducing advanced features, dApp integrations, and improved interoperability. It bridges the current Zilliqa mainnet with the upcoming Zilliqa 2.0, ensuring a seamless transition by importing historical data. These innovations bring Zilliqa closer to its vision of a fully decentralized Web3 ecosystem How Zilliqa network works? Zilliqa operates by dividing its network into multiple shards, each capable of independently validating transactions and executing smart contracts. As the network expands, additional shards are created, boosting transaction throughput. This parallel processing mechanism allows Zilliqa to scale efficiently, supporting increased user activity and application interactions on the blockchain. Zilliqa Price Prediction 2024-2030 As Zilliqa continues to innovate and scale, the token is expected to experience steady growth. By 2030, Zilliqa could reach an all-time high of $0.19, driven by the increasing adoption of its scalable solutions and broader use cases in various industries. A well-known crypto trader predicts that Zilliqa's bull run in 2025 is set to be historic. The continued improvements and adoption of new features, including the transition to Zilliqa 2.0, highlight significant potential for recovery.With advancements in staking, dApp integration, and cross-chain functionality, Aventurine paves the way for Zilliqa 2.0 to revolutionize blockchain usability and adoption. These upcoming upgrades, especially in staking opportunities and protocol enhancements, could drive increased interest and lead to potential price surges as more developers and investors engage with the platform -
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By tradinglounge · Posted
WTI Elliott Wave Analysis Crude oil prices remain sideways below $73 as momentum shrinks. A bearish breakout is more likely toward $60, However, the commodity will have to breach the $64-62 price zone which may offer support at some point. WTI Daily Chart Analysis In the long term, the price is still correcting the impulse rally between April 2020 and March 2022 which saw the commodity reach almost $131. Thus, the decline from March 2022 is evolving into a double-zigzag corrective structure. Wave ((W)) finished at $63.5 in May 2023 with a triple zigzag structure before a sideways triangle structure ended wave ((X)) at $84.5 in July 2024. Thus, the decline from $84.5 (July 2024) is expected to be for wave ((Y)). However, it’s still in the early stage. Price completed wave W of (W) of ((Y)) in September 2024 and then the corresponding wave Y in October 2024. Price is now in wave Y of (W) which is incomplete and has the potential to reach $61-57. H4 Chart Analysis On the H4 chart, the price is currently in wave (b) of ((y)) of Y if 72.96 continues to hold. However, a breach of 72.76 will make us consider a new potential top for ((x)) if the price remains below the 78.45 invalidation level. For as much as the price stays below 78.45, the potential for more downside is higher than the upside. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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