Nillion Price Prediction: NIL Surges 239% as Ethereum Mainnet Launch Nears

• NIL’s breakout above $0.1417 could trigger a new price discovery phase if momentum holds.
• Open interest surged to $59.9M, signaling stronger participation and leverage risk.
• Nillion’s encrypted Covenants launch on Ethereum could add a fresh fundamental catalyst.

Nillion (NIL) has entered a powerful rally as traders respond to stronger market activity and fresh protocol developments. NIL reached about $0.1465 after gaining 43.20% over 24 hours. The token has also climbed 239% during the past seven days. Trading volume has reached roughly $189 million, highlighting the scale of the latest move. Consequently, NIL now carries a market capitalization near $73.6 million. 

The rally follows a recovery from the $0.03864 swing low on the four-hour chart. Price has since formed higher highs and higher lows, strengthening the short-term structure. 

Additionally, NIL no…

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