Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO

  • Zilliqa’s value has risen by nearly 400% within the month of March
  • The value increment is hinged on the anticipated launch of its Metapolis Metaverse
  • Metapolis shall be launched on the 2nd of April throughout a VIP occasion in Miami, Florida
  • ZIL might bear a pull-back after the launch of Metapolis

The favored Ethereum competitor of Zilliqa has had an eventful month of March when it comes to challenge developments, and value motion of its native digital asset of ZIL.

Zilliqa Positive factors by 400% within the month of March

To start with, the digital asset of Zilliqa has had a meteoritic rise this month gaining worth by nearly 400%.

Originally of the month, Zilliqa was valued at roughly $0.043. Earlier at the moment, Zilliqa hit an area peak worth of $0.2095. This interprets to a 387% value increment within the acknowledged time interval.

Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO 11
Zilliqa’s value motion within the month of March. Supply, Coinmarketcap.com

Rise of ZIL Fueled by the Metapolis Metaverse

Secondly, Zilliqa is diving deep into the Metaverse with the launch of Metapolis.

The latter is a Metaverse-as-a-service (MaaS) platform that shall be launched on April 2nd throughout a VIP occasion in Miami, Florida.

According to the crew at Zilliqa, Metapolis shall be ‘ constructed on unreal engine, unity and Nvidia Omniverse’. On this endeavor of Metapolis, Zilliqa has partnered with Agora, a world expertise awards app that enables its customers to ‘add their creations and take part in contests to win assist, visibility and recognition within the worldwide neighborhood’.

Moreover, Metapolis has already gathered curiosity from main creator-focused and eSports manufacturers. The challenge has additionally gathered over $2 million in pre-launch revenues.

What the ZIL/USDT Chart Says

To notice is that the Metapolis launch occasion is roughly 48 hours away. Subsequently, consulting the each day ZIL/USDT chart is really helpful to gauge if ZIL’s bullish momentum shall be maintained earlier than, throughout, and after the occasion on April 2nd.

Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO 12
1-day ZIL/USDT chart.

From the each day ZIL/USDT chart, it may be noticed that the value of Zilliqa has taken a parabolic trajectory. Moreover, its value has very a lot deviated above the 50-day (white), 100-day (yellow) and 200-day (inexperienced) shifting averages, pointing in direction of a attainable pullback within the subsequent few days.

Moreover, ZIL’s each day MFI, MACD and RSI are in overbought territory additional offering hints of a attainable retracement.

Consequently, warning is suggested when going lengthy on Zilliqa (ZIL) on the assorted leverage buying and selling platforms. A wait-and-see method, until after the Metapolis launch, may be an choice for anybody who didn’t catch the trip up.

[Feature image courtesy of Zilliqa on Twitter]

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