Price Predictions

Crypto Price Prediction of Zilliqa(ZIL), Gala(GALA), STEPN(GMT) for 03 May 2022

Key Takeaways:

  • The ZIL, GALA & GMT prices closed the previous day’s trade at INR 5.35, INR 10.37 & INR 248.27 resp with a market cap of INR 8.62 Lakh, INR 9.42 Lakh & INR 191 Cr and circulating supply of  12.73B ZIL, 6.98B ZIL & 600M GMT
  • Gala and GMT prices show a strong tendency to rise towards the local resistance but the ZIL price appears to have been trapped in a notable bearish trend

Zilliqa Price Analysis:  Will ZIL Price May Hit INR 10 This Week of May?

The ZIL price currently does not display any possibility of a rebound from the descending trend and hence may discover lower support levels constantly. The price is heavily consolidating just above the support at INR 5.15 and could face an interim rebound but may fail to achieve the local resistance at INR 7. 

Therefore, the asset may hover in between the support and resistance throughout the week and only a strong buying pressure may uplift the price from the bearish well. And in such a case, the ZIL price could seal the weekly trade above INR 8 but may remain a little distinct from INR 10.

Check out the Latest Prices, Charts, and Data of  ZIL/USDT.

Zilliqa Price Prediction: ZIL Price Trend Comparison with ONE (Last 30 Days)

Source: Tradingview

Zilliqa and Harmony both are considered as one tough competitors using shredding to improve scalability. Both the native tokens, ZIL & ONE are depleting hard but the ONE price failed to be volatile and avoided larger price variations. 

Therefore, ZIL price after slashing from above 80% slashed heavily to hit levels below 20% and later maintained a steady descending trend achieved -35.48%. Whereas, the ONE price ever since lost its levels along the average zones, slid to hit -48.35% at the press time.

Correlation of ZIL/USDT and ZIL/BTC (Last 30 Days)

Source: Tradingview

Like many other crypto-assets, ZIL price too faced a heavy drop with both the trading pairs since the beginning of April’s trade. Both USDT & BTC pairs have shed a huge amount of their value, while no possibility of a flip is witnessed as of now.

The ZIL/USDT pair after igniting a deep descending trend from around 90% dropped to hit -35.44% in a month. On the other hand, the ZIL/BTC pair which also began depleting from the same levels are hovering around -25.91% at the press time.

Gala Price Analysis:  Will GALA Price May Hit INR 20 This Week of May?

The GALA price is currently hovering around INR 10 and attempting to maintain a significant ascending trend from now. Interestingly, the uptrend may be validated soon as with just a 6% push, the price could hover at the neckline of the bullish double-bottom pattern. 

With a strong breakout from the neckline, the price may ignite a 20% upswing to achieve levels around INR 14. Here the asset may face some minor rejections but it may quickly rebound and pull the next leg up towards INR 15. 

Check out the Latest Prices, Charts, and Data of  GALA/USDT.

Gala Price Prediction: GALA Price Trend Comparison with AXS (Last 30 Days)

Source: Tradingview

Gala & Axie Infinity, both are popular Play-2-Earn gaming platforms in the crypto space and interestingly display a very similar price trend too. Both the asset which ignited a deep bearish trend around the average levels have dropped significantly below -50%. No doubt both are attempting very hard to halt the trend, but may not do so.

The GALA/USDT after dropping from the average levels is currently hovering around 47.81%. Whereas AXS/USDT pair after slipping from nearly 15% is currently trading at around -52.30% at the press time.

Correlation of GALA/USDT and GALA/BTC (Last 30 Days)

Source: Tradingview

Gala price with both the trading pairs is drowning in a deep bearish well for the past month. No particular rebound or buying pressure can flip it from the bearish trend. No doubt the asset is attempting a flip from the descending trend, but may not be validated until the prices reach the average levels.

The GALA/USDT price after slipping from the average levels has dropped heavily to hit -46.18%. On the other hand, the GMT/BTC price which dropped from the same levels is trading at -36.52%.

STEPN Price Analysis:  Will GMT Price May Hit INR 350 This Week of May?

The GMT price maintained a strong uptrend by forming constant higher highs and lows. Currently, the asset is consolidating negatively but could rebound strongly very soon. The price appears to have been accomplished with the selling and very soon a flip may ignite a rally towards INR 260.

With a flip, the price is expected to secure levels above INR 270 which may assist the uptrend to reach INR 300 by the end of the week. However, INR 350 currently appears to be a little tedious job but a larger influx of buying volume may make the path easy and smooth.

Check out the Latest Prices, Charts, and Data of  GMT/USDT.

STEPN Price Prediction: GMT Price Trend Comparison with SOL (Last 30 Days)

Source: Tradingview

Stepn (GMT) is a Web3 platform built on the Solana blockchain. Both the asset have showcased their diversified trend. While GMT price managed to test consecutive higher highs and lows, SOL price maintained a steady descending trend. And hence GMT price appears to undergo a strong uptrend while Solana price may test constant lower lows.

The GMT/USDT rose high to hit levels close to 140% and quickly dropped to 92.38% after a strong flip from the bearish trend. On the other hand, the SOL/USDT appears to have followed a waterfall model by testing lower levels constantly. And hence currently trading at -20% from the average levels.

Correlation of GMT/USDT and GMT/BTC (Last 30 Days)

Source: Tradingview

STEPN (GMT) price despite the bearish market trend throughout April, maintained a significant uptrend. Moreover, the BTC pair also displayed acute strength and hovered close to the USDT pair. And hence, both the trading pair underwent a similar upswing, downswing and consolidation. 

The GMT/USDT pair after hitting the highs at around 100% plunged slightly to around 69.54% at the press time. Whereas the GMT/BTC pair rose magnificently to hit 140% and currently appears to have settled around 101.81%.

TOP GAINERS & LOSERS OF THE WEEK

TOP GAINERS

Crypto Price* 7-Day Percentage Change
Algorand (ALGO) INR 58.27 +20.13%
Helium (HNT) INR 1,179.29 +7.72%
Alpaca Finance (ALPACA) INR 35.05 +5.16%
1Inch(1INCH) INR 98.70 +4.97%

TOP LOSERS

Crypto Price* 7-Day Percentage Change
Kyber Network(KNC) INR 316.31 -12.97%
ApeCoin(APE) INR 1,186.50 -11.77%
0x(ZRX) INR 57.05 -6.16%
Waves(WAVES) INR 1,014.01 -4.38%

*Prices are of 03 May 2022 at the time of writing the article

WHAT’S NEW ON COINDCX? NEW COIN LISTINGS ON COINDCX APP

Crypto Price*
JasmyCoin(JASMY) INR 1.46
Audius(AUDIO) INR 69.88
Waves(WAVES) INR 1,015.63
Mina (MINA) INR 151.31

*Prices are of 03 May 2022 at the time of writing the article

Read recent price predictions on:

  1. Shiba Inu Price Prediction Weekly
  2. JASMY Price Prediction Weekly

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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