Nowadays, there are plenty of cryptocurrencies on the market with different values and volatility degrees. Some of them erupt and then quickly dissolve, while others slowly become popular and keep having the attention of the majority of smart investors. A special rating is created so people can track how the situation changes: there are a hundred top coins on the list, and it updates to show the current statistics.
One cryptocurrency from that rating that is worth considering is Zilliqa (or ZIL).
How It Started
Zilliqa as a company was established rather recently, in the year 2017, by a group of researchers based in Singapore. They all have met at the local National University. As the chief scientific officer Amrit Kumar says, Zilliqa employees and developers together are “a great mix of individuals with expertise in computer science, business, and Marcom.”
Zilliqa boasts its features, saying that it is the world’s first public blockchain platform that has a sharding architecture as a basis. As a blockchain platform, the Zilliqa network demonstrates a high throughput at crypto markets. Besides, Zilliqa (ZIL) is a cryptocurrency with a rather stable rate, and the Zilliqa market cap is going up.
There was a moment in 2019 when Zilliqa demonstrated negative results. At the same time, its co-founder and chief technology officer, Yaoqi Jia, quit the job. The coin value has dropped down, and the future of this public blockchain platform and the Zilliqa (ZIL) coin was unclear. However, in 2020, the Anquan Capital company with the CEO Max Kantelia (who is also a Zilliqa cofounder) partnered with Binance, which is considered the largest crypto exchange, and things have significantly changed since then, including the Zilliqa price and market cap, because Anquan Capital manages ZIL and all associated assets.
What about Today?
Nowadays, the trading Zilliqa price is around 20 cents for one coin. A couple of years ago the Zilliqa price was just 5 cents, which demonstrates that there is a general interest and this currency will probably exist for a while in the future.
The market cap of Zilliqa (ZIL) has significantly grown throughout the last year. It has increased from 450,000,000 US dollars to 2,500,000,000 US dollars.
In 2019, Zilliqa mainnet was launched to improve the users` experience. The Zilliqa blockchain platform is widely used by lots of users who create new apps with the participation of smart contracts. The above-mentioned high throughput is ensured by the seed nodes and blockchain scaling solution that lets to process transactions efficiently and quickly and keep data and smart contracts secure in its network. The Zilliqa team has developed a unique secure network and ecosystem and is the first group to do it.
To pay for services provided by the Zilliqa blockchain platform, every user has to pay for transactions from their account with the Zilliqa (ZIL) crypto coins. You can visit the Zilliqa site to check the data about the project.
It is worth mentioning that besides the smart Zilliqa (ZIL) ecosystem in general, the ability to process transactions rather fast, and other attractive trading opportunities, the company aims for eco-friendly dual mining.
The Future of ZIL Cryptocurrency
It is rather hard to predict what will happen to ZIL cryptocurrency and its ecosystem in the future because currently, the whole world is under pressure due to the COVID-19 pandemic. The scale of pandemic’s affection is significant, and the situation touches all spheres, including the world’s economy, virtual money, and the crypto field, regardless of the users’ location.
Apart from that, the crypto market develops literally every day. More and more currencies and blockchain platforms join ZIL in this wonderful journey. Investors shall accept all the changes and solve the problem of selection: sometimes it is difficult to decide where you must invest and what potential assets should be ignored by your account because you can fail to earn something.
All in all, you always should remember that there is a risk of one scale or another when you invest in cryptocurrencies and complete transactions with them. While currently, the ZIL price is quite stable, things may change extremely fast in the crypto sphere. Any currency, whether fiat or digital, depends on various factors, and its price can be very volatile because of different events that no one can control. So, be careful when you make decisions about your next investments, and check the price statistics and experts’ analysis before buying anything.
FAQs
What is Zilliqa used for?
Zilliqa serves multiple purposes. On the one hand, ZIL is one of the hundreds of cryptocurrencies that exist today. On the other hand, it is a platform that has a goal to speed up various blockchain operations. The sharding technologies on which the ZIL project is based allow users to complete transactions quickly and with great efficiency.
How much will Zilliqa be worth?
The price is a thing that is especially hard to predict, regardless of the surrounding circumstances. So far, the cap and the rate of ZIL are stable and, if nothing dramatic occurs, it will probably not change significantly. However, anything can happen that will affect digital currencies, so we will not try speculating on numbers.
Is Zilliqa a good investment?
Considering the historical facts we have described above, ZIL is a rather good investment. However, we always recommend investors be careful and not put everything at stake when purchasing the ZIL coins and sign for the investments in the company.
Why is Zilliqa going up?
One of the reasons is the sharing technologies usage because they make ZIL attractive for lots of investors and clients who are interested in the digital money topic. The platform is tailored towards satisfying all the customers’ needs at a fair price.
Another reason for the business growth is the partnership with Binance that started in 2020. Before that, investors could see the company rate going down; however, since the parties have agreed, there was a massive improvement in the ZIL price and company capitalization.
