Quick take:
Zilliqa (ZIL) staking has come a long way since it was launched in late June this year. According to the official Zilliqa website, 27.475% of ZIL’s circulating supply is currently locked in staking. Additionally, Zilliqa investors participating in ZIL staking
are currently earning an estimated APY of 17.72%. The screenshot below, courtesy of Zilliqa provides additional stats regarding the staking of ZIL. From the screenshot, it can be observed that there are 20,320 Zilliqa delegators and 11 staked seed nodes.As earlier mentioned, the staking of Zilliqa was launched in late June. Prior to the availability of staking, ZIL had tested the $0.030 price level
only for its value to be rejected at this resistance level. However, Zilliqa managed to break past this resistance area in late November and is currently trading at $0.034 as can be seen in the daily ZIL/USDT chart below courtesy of Tradingview.com.Also from the daily ZIL/USDT chart, the following can be observed.
The digital asset of Zilliqa has benefited positively as a result of the staking of ZIL. According to stats from the Zilliqa website, 27.475% of ZIL’s circulating supply is locked in staking. This high percentage locked in staking is one reason the digital asset managed to break past the $0.030 resistance area in late November.
However, the bullishness by ZIL is yet to result in Zilliqa rejoining the top 50 digital assets on Coinmarketcap.com. Zilliqa is currently ranked 52nd amidst a general bearish crypto environment that could see ZIL drop down to $0.030 from a 2-year peak value of $0.0364.