- Zilliqa joined the Blockchain Game Alliance to further gaming on its platform.
- Despite the recent pullback, analysts remain bullish on Zilliqa and consider it a healthy correction.
- Analysts remain bullish on Zilliqa, despite the recent pullback and predict a rally in the altcoin.
Zilliqa price has posted double-digit gains overnight as the project joins the Blockchain Game Alliance. Analysts believe Zilliqa’s pullback could be followed by a trend reversal.
Zilliqa price prepares to make a comeback
Zilliqa price is on track to recover with massive updates in the blockchain network. Proponents have identified two key reasons for a Zilliqa price rally. The first is Valkyrie Investments, an alternative asset management firm, announced the launch of a new trust that includes Zilliqa and layer-1 cryptocurrencies like Avalanche, Binance Coun, Terra and MATIC.
Valkyrie now covers and tracks the value of a basket of cryptocurrencies, and the move has fueled a bullish sentiment among investors.
The second reason is Zilliqa’s recent entry into the Blockchain Game Alliance (BGA). Zilliqa is set to define the future for blockchain-based gaming. Zilliqa’s e-sports partnerships and network of gaming veterans could drive the utility and adoption of the token higher.
In December 2021, Zilliqa announced its entry into the metaverse with some of the best game development tools. This update fueled a positive sentiment among holders and investors of Zilliqa and fueled a price rally in the altcoin.
Analysts have evaluated the Zilliqa price trend and predicted a rally. @DebayaSen_, a leading crypto analyst, believes Zilliqa fundamentals are good, and the cryptocurrency could witness a spike post the recent pullback. Zilliqa corrected 10% from its high and is ready to resume its uptrend.