ZIL was on the rise yet again to end the week, as prices are now trading almost 300% higher than on Monday. The increase in value comes as markets gear up to the release of Zilliqa’s metaverse service platform called “Metapolis.” Many expect the official launch to come tomorrow, and anticipate it to be a game-changer in this space.
Zilliqa (ZIL)
ZIL extended this week’s gains, climbing by as much as 14% today, taking its one-week price increase to over 300%.
Surges in the price of the Zilliqa token came as markets anticipated a new product launch that would adapt a metaverse-as-a-service model.
Bulls have bought into the idea, with ZIL/USD climbing to an intraday high of $0.2281 on the news.
This is the most ZIL has traded since May 10 last year, and comes as the 14-day RSI continues to track off the charts.
As of writing this, the indicator was tracking at 92.48, which is beyond the overbought threshold of 70, however, does not look to be losing any momentum.
However, the a
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