IS ZILLIQA (ZIL) READY FOR A PULLBACK AND RETRACEMENT!? Cryptocurrency Analysis 2020

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Zilliqa (ZIL) has seen a LOT of upsides and bullish sentiment come in recently. There's been a lot of new partnerships, DeFi usage, and speculation, and also the new mainnet. But, with all of this upside and bullish hype and price action, are we looking at a prediction where we'll pull back and test some lower price targets to the downside?

A lot of the ZILLIQA (ZIL) news has been extremely bullish. The strength of this cryptocurrency and blockchain project has been showing through as price predictions and announcements for ZILLIQA (ZIL) have some price predictions and targets hitting the $1 mark. Let me just say, this is definitely NOT out of the question. With that said, that's not a direct prediction. However, I would not be surprised in the least to see ZIL reach the $1 mark in 2021!!

Zilliqa is one of the new projects that does utilize a new proof-of-stake, so you can definitely stake it with a Zilliqa wallet. It's great how the blockchain world is getting off of a proof-of-work consensus mechanism. The Zilliqa coin price will likely see the influx of the new staked rewards, but overall, the new supply won't have that much of an impact. The Zilliqa cryptocurrency and token is still looking for a demand increase to shoot prices up.

What are your thoughts and predictions about ZILLIQA (ZIL)??? Post your thoughts, predictions, and all in the comments below!!!

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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.

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