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Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO

Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO

To begin with, the digital asset of Zilliqa has had a meteoritic rise this month gaining value by almost 400%.

Secondly, Zilliqa is diving deep into the Metaverse with the launch of Metapolis.

The latter is a Metaverse-as-a-service (MaaS) platform that will be launched on April 2nd during a VIP event in Miami, Florida.

Furthermore, Metapolis has already gathered interest from major creator-focused and eSports brands. The project has also gathered over $2 million in pre-launch revenues.

To note is that the Metapolis launch event is roughly 48 hours away. Therefore, consulting the daily ZIL/USDT chart is recommended to gauge if ZIL’s bullish momentum will be maintained before, during, and after the event on April 2nd.

From the daily ZIL/USDT chart, it can be observed that the price of Zilliqa has taken a parabolic trajectory. Furthermore, its price has very much deviated above the 50-day (white), 100-day (yellow) and 200-day (green) moving averages, pointing towards a possible pullback in the next few days.

Additionally, ZIL’s daily MFI, MACD and RSI are in overbought territory further providing hints of a possible retracement.

Consequently, caution is advised when going long on Zilliqa (ZIL) on the various leverage trading platforms. A wait-and-see approach, till after the Metapolis launch, could also be an option for anyone who did not catch the ride up.

[Feature image courtesy of Zilliqa on Twitter]


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