Zilliqa price view: Network reaches important milestone

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• Zilliqa (ZIL) recently achieved 66 million network transactions.
• At the time of writing this article, however, the ZIL price fell by 2.5 % and was around $ 0.024

The price for Zilliqa (zil) was in the range of 0.021 to 0.026 USD. In fact, the downward pressure on the coin has slowed down the bulls since the severe decline on April 12th and 13th when the ZIL price fell by more than 30 % within two days.

But what does the forecast for the Zilliqa Prize look like when the network reaches an important transaction milestone? Is Zilliqa 2.0 a potential catalyst for Zil?

Here is a look at the price development of this coin.

Zilliqa recently reached 66 million transactions

Zilliqa is one of the crypto projects with the largest community.

The project reached almost 5 million addresses and on May 28th Zilliqa On X, which points out that the number of network transactions has exceeded 66 million

The data also showed almost 110,000 delegates and over 5 million zil inserts, which corresponds to 29 % of the total offer in circulation. Zilliqa lists these positive values ​​before Zilliqa 2.0, an upgrade that is intended to improve the scalability, security and interoperability of the network.

A look at the zil price on the weekly chart shows weakness in the past week despite a closing course with a green candle. Buyers will probably also target a positive return this week, but since RSI and MACD indicate a declining course, it is possible that Zilliqa will fall back to lows of USD 0.022.

However, if the price increases in parallel to the winning of Bitcoin and the old coins with great market capitalization, Zil could target 0.034 USD and 0.039 USD.

in particular Bitcoin and Ethereum also have to struggle in view of the general downward movement of the cryptocurrencies.