ZIL Price, Zilliqa 2.0 & EVM Compatibility: A New Era or False Dawn?

Zilliqa's 2.0 upgrade brings EVM compatibility and a revamped PoS. Will it boost ZIL price and adoption, or is it too late in a crowded market?

ZIL Price, Zilliqa 2.0 & EVM Compatibility: A New Era or False Dawn?

Zilliqa, once a blockchain darling, has officially launched its 2.0 version, boasting EVM compatibility. But with ZIL significantly below its all-time high, can this upgrade spark a price surge and renewed relevance?

Zilliqa 2.0: EVM Compatibility and More

Zilliqa 2.0 isn't just a facelift; it's a protocol overhaul. The big news? Full Ethereum Virtual Machine (EVM) support. This allows developers to deploy Ethereum-native smart contracts and dApps on Zilliqa with minimal fuss, opening the door to the vast Ethereum ecosystem.

Beyond EVM, Zilliqa 2.0 introduces a new Proof-of-Stake consensus mechanism. This aims to improve scalability, energy efficiency, and decentralization. Modular architecture allows for customizable shards and cross-chain communication, targeting enterprise-grade performance.

Institutional Interest and DeFi Projects

The revamped network is already attracting interest from fintech and DeFi projects. Integrations like LTIN and deBridge are paving the way for tokenized assets and regulated liquidity. DeBridge plans to bring native USDC to Zilliqa, a major step towards cross-chain liquidity.

New staking mechanics aim to simplify validator onboarding and reward early migration from version 1.0, encouraging liquidity to shift to the upgraded network. Zilliqa's interim CEO emphasizes trust and technical excellence, with a roadmap including privacy features, digital identity tools, and smart accounts.

ZIL Price Analysis: A Technical Perspective

Despite broader market pressures, ZIL has shown resilience around key Fibonacci levels. Crypto analyst Emilio Bojan noted ZIL's bounce off the 0.618 Fibonacci retracement level at $0.01042, suggesting buyer support. The next resistance level to watch is $0.01129.

#Zilliqa $ZIL is respecting the Fib levels like a textbook move 📈

Bounced clean off the 0.618 Fib ($0.01042) and holding above the 0.5 zone.

As long as bulls defend these retracements, $0.01129 remains in play.

#ZIL #ZilliqaArmy pic.twitter.com/pqK9l5Tmlk

— Emilio Crypto Bojan (@EmilioBojan) June 25, 2025

While ZIL is down significantly over the past year, recent rebounds hint at a potential bottom, especially with the fundamental upgrades.

ZIL Price Forecast and Market Position

Currently, ZIL is trading around $0.01063. It's significantly below its all-time high, highlighting its volatility and potential upside if sentiment shifts. Traders remain cautious in the short term, awaiting confirmation of a reversal with stronger volume.

The Verdict: Will Zilliqa 2.0 Revive ZIL?

Zilliqa 2.0 is a significant step forward, bringing crucial EVM compatibility and improved infrastructure. However, the crypto landscape is crowded, and Zilliqa faces stiff competition. Whether these upgrades translate into real user growth and ecosystem traction remains to be seen.

Only time will tell if Zilliqa can reclaim its former glory. But one thing's for sure: they're not going down without a fight! Now, if you'll excuse me, I'm off to find my crystal ball and predict the next crypto moonshot. Wish me luck!