As an established project in the space that has built up a whole ecosystem around its blockchain it is safe to say Ziliqa is not going anywhere anytime soon. However my question would be can Ziliqa and its token ($ZIL) achieve the type of gains which it had from 2020 – 2021 ever again? And now with so many similar layer 1 competitors which could eat in to its gains how will the project overcome this?
I think to overcome these hurdles the project has to get its community hyped up again and make some big break throughs with the adoption of its blockchain because for a long time now there has been no new buzz around the project. The last bit of hype to the project came in 2022 when they announced Metapolis their own virtual Metaverse world. However since the metaverse narratives have all died down in hype dramatically no one really talks or cares about Metapolis anymore. So to get those buyers buying again in my opinion Ziliqa has either got to pray the Metaverse narratives all comes back to the centre of everyone’s minds and it is already 1 step ahead of other layer 1’s in this department or go out and develop a new dApp that brings some new hype and excitement to the project to get people talking and interested about it again.
It is worth nothing that from a technical analysis point of view at the time of writing this with price ~ 90% down from its all-time high I would say these are not bad levels to DCA into for long term holds (NFA). But myself, I am not currently convinced that price will go up anytime soon as the ZILBTC pair looking extremely weak right now.
If I was looking to achieve big gains by using the Ziliqa ecosystem I would not be looking to buy the native ZIL token but maybe look into new dApp tokens which are being built on top of its blockchain. They come with much more risk but also a lot more potential rewards with more room for price discovery. Show Less
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