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Zilliqa (ZIL) Price Pump May Start Altcoins Season, Analyst Michael van de Poppe

News
Sat, 06/06/2020 - 15:41
Vladislav Sopov
The native asset of Zilliqa’s high-tech project, ZIL, demonstrated the most impressive bullish rally of this turbulent year. Why it is important for every altcoin trader?
Zilliqa (ZIL) Price Pump May Start Altcoins Season, Analyst Michael van de Poppe
Cover image via www.youtube.com
Contents

Dutch cryptocurrencies analyst and trader Michael van de Poppe (@CryptoMichNL) explained why Zilliqa's splendid run is significant for the altcoins trader and what we can learn from it.

Ten Months for Accumulation

According to Mr. van de Poppe, Zilliqa (ZIL) can be studied as a textbook example of 'what accumulation and momentum can do with coin'. He is sure that the 10-month accumulation period with a plethora of lucrative 'buy' opportunities was ignored by the community.

Zilliqa 10-months periodof accumulation indicated by Crypto Michael
Image by Twitter

When the price started its splendid growth, public interest in buying ZIL evolved rapidly. As a result, the vast majority of Zilliqa (ZIL) token holders bought the token overpriced.

This situation is not unique for the modern altcoins market. Mr. van de Poppe admits that several other coins may pump to follow Zilliqa (ZIL).

So, the traders should search for better opportunities to buy altcoins before they becomes overhyped.

Rally Must Go On

Even for Zilliqa (ZIL), the bullish run for the altcoin may be nowhere near its end. According to Mr. van de Poppe's posted chart tweet, ZIL's performance looks amazing.

ZIL peroformance looks amazing for seasoned trader
Image via Twitter

Mr. van de Poppe particularly emphasized the zone between 158 and 165 satoshis as the crucial resistance level. The fact that the price of ZIL would break above this level comfortably would act as a good indicator of continued growth.

Zilliqa (ZIL) is a project of researchers from National University of Singapore. It built a high-speed and extremely secure blockchain, which was in mainnet in 2019.

Zilliqa (ZIL) was among the first protocols to implement sharding. This feature allows this blockchain to be extremely scalable.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)