Zilliqa(ZIL) shows Dominance In The Market As It Spiked By 40%; Here’s The Reason
Zilliqa, which disrupted the whole crypto market back at the end of the March and beginning of April, surprised the market once again with a sudden 40% spike following the Fed's rate hike.
Zilliqa's unexpected move was not followed by any fundamental change or update in the coin's network, nor any news related to the project. But there are a couple of market factors that might push ZIL further up.
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Relief in the market following a rate hike
While traders did not consider the rate hike as something bullish for such a volatile type of asset like cryptocurrencies, cryptocurrencies are doing good extremely as well as the Fed is tightening monetary policy. Bitcoin and Ethereum have ga...