In the Zilliqa stacking, 27.47% of the emission is blocked

From the moment of launching on the Zilliqa (ZIL) stacking block in the end of June this year, a fairly long way has been passed.

Black Square Design
2 min readDec 8, 2020

On the Zilliqa website, it is written that currently 27.475% of the ZIL issue in circulation is blocked on staking. Roughly Zilliqa investors get the profit in the ratio of 17.72 per cent.

Ha screenshots below, provided by Zilliqa, are statistics on ZIL staking. It also shows that 20 320 zilliqa delegates and 11 staking nodes now co-exist.

Before the appearance of staking, the token tested the price level of $ 0, 030, from which at the end of November Zilliqa managed to overcome this area of confrontation,and currently the cryptocurrency is trading at $ 0, 034 (see the ZIL/USDT chart).

You can also see the following on the daily ZIL/USDT chart:

. The daily MACD indicates an overbought situation with a possible zilliqa correction.

. The daily MFI and RSI are at high levels of 67 and 72, indicating that the correction has already begun.

. After several days of being in the green zone, the trading volume indicates a sale.

. The $ 0, 030 price area dreams of being of interest as a Shorthair support zone.

. The 50-day moving average also appears to be an area of interest for a possible Zilliqa rebound.

Ha currently zilliqa is interested in the 52nd place in the rating, trading at $ 0, 032, showing a negative mail dynamics of 9%.



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