Zilliqa (ZIL) just surged +35.78% to $0.005554 (24h high $0.00623), with massive volume of 3.25B ZIL huge spike in interest.
Main driver Upcoming mainnet hard fork (Cancun upgrade) expected around February 5, 2026 (block 19,486,411).
Already live on testnet.
Improves communication speed, finer-grained control, scalability, and smart contract efficiency.
Validators urged to update nodes before the block this creates strong anticipation and FOMO among holders traders.
Zilliqa team announced this on Jan 27, 2026, and it's gaining traction as a major upgrade.
Other factors
Broader altcoin momentum (AI narrative spillover, general market recovery).
High volume confirms real buying pressure (not just bots).
Upbit and other exchanges sometimes halt trading around forks for security, adding to hype.
Technical view
Price broke above all EMAs (bullish signal).
Massive candle from low $0.0039 to high $0.0062 momentum strong.
Risk Overbought after pump possible pullback or "sell the news" right after fork if upgrade goes smoothly but no immediate follow through.
Is this sustainable? Hard forks often bring short-term hype (FOMO buy in), but real gains come from post upgrade adoption and utility increase. Watch for volatility around Feb 5.
What do you think hold through the fork or take profits early? Drop your thoughts below.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.
