Zilliqa Price Soars 17.93% as Market Activity Surges

Zilliqa's price surged 17.93% to $0.00273 in the past 24 hours, outperforming the broader crypto market.

The rally appears driven by a strong rise in buying activity and a possible short squeeze after ZIL dropped below $0.00226 earlier this week.

Trading volume jumped more than 1,350% to $66.97 million, showing a major increase in market activity.

Zilliqa is a high-performance public blockchain platform designed to solve scalability and speed challenges through its use of 'sharding.'