I am watching the governance token of Zilliqa (gZIL) pretty closely.
gZIL is a token that has a total supply of 559,969 and it has all been mined.
Almost zero use case for now, but things should be shaking up in terms of staking.
If the Zilliqa blockchain continues to grow, gZIL could be very precious.
It does look like trading volume is suddenly low once again similar to Jul. Check out the left green box below, and compare it with the right green box.
Would we see a similar pattern? That is, a further stretch of low volume as the earlier sellers pick gZIL back quietly before FOMO sets in and bring it up once again.
P/S: Do your own research before investing. This is highly speculative.
