Zilliqa price fell to an intraday low near $0.032 after buying pressure had pushed ZIL to $0.035.
The Zilliqa team recently announced the highly anticipated upgrade that brings EVM compatibility will go live on 25 April 2023.
ZIL price rose after the initial announcement and bulls are looking to reap even more gains.
Zilliqa (ZIL) price dipped on Sunday, with the native token of the Sharding network recording declines of nearly 9% to reach $0.032.
The dip saw ZIL give up recent gains accrued when upside momentum amid network news pushed prices to above 0.035.
Zilliq 2.0 goes live on 25 April 2023
The announcement last week of Zilliqa 2.0, which brings Ethereum Virtual Machine (EVM) compatibility on the Zilliqa mainnet saw the price of ZIL rise above $0.035.
#EVM compatibility is coming to the Zilliqa mainnet on April 25th!Find out more about the details of the EVM launch and the features coming in Zilliqa 2.0 in our interview with Zilliqa CTO Richard Watts:https://t.co/jnq4EHWmoC #Blockchain #Zilliqa
— Zilliqa (@zilliqa) April 21, 2023
As noted in a blog post on 21 April, the upgrade will go live on 25 April 2023, with notable benefits being full compatibility of Solidity apps and seamless transfer of ZIL tokens across EVM dApps and wallets, including MetaMask.
The upgrade is also set to improve Zilliqa’s speed, scalability as well make it easy for developers to build on the blockchain. Developers will note that fees are multiple times cheaper on Zilliqa than on Ethereum.
Zilliqa price prediction: What next ZIL?
With over $5.5 billion worth of ZIL staked, more than 4.5 million unique addresses and more than 47 million transactions completed, it is clear there has been growth for Zilliqa. Yet there could be new impetus from developers and the community is excited about what EVM compatibility after Zilliqa 2.0 could mean for ZIL price.
The ZIL/USD pair was trading roughly 4% in the green over the past week as a result of the weakness seen over the past 24 hours. In terms of price prediction, breaking higher to the intraday highs in the short term will see fresh buy ZIL pressure that could help bulls target $0.46 and then $0.60.