Zilliqa cryptocurrency (ZIL) has seen a steady rise over the last month. As of May 13th, US EST afternoon, ZIL is trading at US $ 0.17862. In terms of market cap, the coin has entered the prestigious US $ 1 billion club, and is at the 22nd spot.
Zilliqa ($ZIL) Predictions and Price Forecast for 2018
The below graph tracks the recent 1-week trend of ZIL price:
The below graph tracks the recent 1-month trend of ZIL market cap:
Zilliqa’s steady rise in price generally transcends other factors globally impacting the crypto market. Even when crypto market sees a reversal, Zilliqa isn’t affected, and seems to be relatively immune from the volatility of the crypto market.
While the recent steady rise in price can be attributed to recent positive events concerning this altcoin, an understanding of the fundamental strength of this coin is also needed, to explain the longer-term stability and upward trend in its price.
Recently, Zilliqa has been listed in 3 major exchanges:
- OKEx, which is the second largest exchange in the world;
- Upbit, which is the no.1 crypto exchange in South Korea;
- Bithumb, another major South Korean crypto exchange.
Note that Upbit has announced an offer of giving away 2 million tokens to wallets that hold over 20 coins, and that further increased the price of ZIL.
Time of Listing: May 10th – 16th
Time of Event: May 30th
— UPbit Translator (@UPbitExchange) May 10, 2018
To top it all, another major South Korean exchange, CoinBit, has announced that they will list ZIL. Naturally for an altcoin, listing in so many South Korean exchanges is a big positive, because of the importance South Korea has in the global crypto market.
Zilliqa team is also carrying out aggressive marketing, and this month they have two important public events lined up, one of which is in New York, and the other is in Romania.
Over in the long-term, Zilliqa promises to be a good bet for investors. While it’s a payment network like Bitcoin, it also allows hosting and running smart contracts, which is a key feature of Ethereum. However, the biggest promise of Zilliqa is the high throughput. It can process hundreds of thousands of transactions per second, which is significantly higher than Bitcoin or Ethereum. Bitcoin and Ethereum are plagued by scalability issues. Bitcoin development community is working on solutions like ‘Lightning Network’, which may improve scalability, but many experts consider that it will compromise the decentralized characteristics of Bitcoin. Zilliqa solves the scalability issues by using the sharding technology. Sharding is a concept widely used in databases, and it’s essentially storing different partitions of the database in different server instances.
This improves database performance. In case of blockchain, sharding means storing only a part of the data in some nodes, while storing other parts in other groups of nodes. Sharding allows the blockchain network to scale upwards seamlessly with the increasing size of the network. Experts believe Zilliqa is likely to be widely adopted in the crypto world, due to the higher scalability offered by sharding.