- Zilliqa’s token price dropped to a low of $0.032 when buyers had previously pushed its value to over $0.035.
- The Zilliqa team declared the launch of their highly anticipated upgrade that brings in EVM compatibility scheduled for the 25 April 2023.
- Bulls are now looking to capitalize on the news to create further gains.
The Zilliqa (ZIL) token price experienced a dip on Sunday, falling by about 9% to hit $0.032. This was after an earlier push that temporarily took ZIL to a high of $0.035.
The recent surge in ZIL’s price had been attributed to the news of the Zilliqa 2.0 upgrade, which brings Ethereum Virtual Machine (EVM) compatibility with the mainnet going live on 25 April 2023.
#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
In a blog post released on the 21 April, the upgrade is expected to provide developers with an improved blockchain platform and cheaper transaction fees, apart from supporting Solidity apps, and allowing for seamless transfer of ZIL tokens across EVM dApps and wallets, including MetaMask.
What’s Next for ZIL Price?
With more than $5.5 billion worth of ZIL staked and over 47 million transactions completed, Zilliqa has seen considerable growth. The community is now excited to see what the EVM compatibility could do for the token price.
The ZIL/USD pair was trading around 4% higher in the past week, despite the recent dip. Looking ahead, a break above the intraday highs could lead to more buying of ZIL, with a possible target of $0.46, followed by $0.60.