ARE YOU FAMILIAR WITH ZILLIQA (ZIL)?
Though many currencies have invaded the much-sought-after crypto market, the most-talked off and high-ranked are Zilliqa (ZIL) which is an ERC20 token. This was the advent of the year 2017 when the Chief Executive Officer of Zilliqa, Mr. Xinshu Dong & his team came up with this brilliant idea of launching this asset. His idea was supported by his dedicated troupe of consultants and blockchain algorithm experts who brought this Zilliqa crypto to life.
ZILLIQA: THE LESSER KNOWN FACTS:
As a naïve entrant in the investment market around 2018, very few people were familiar with ZIL currency and were a little apprehensive about trading in ZIL crypto. A major advantage of the Zilliqa coin is that you can transact rates as the network expands contributing to a phenomenal increase in the number of miners. Zilliqa is the first of its kind of public blockchain built with sharding technology. It can solve the existing problem of scalability using its sharding method. Zilliqa can meet enterprise needs as it can manage a large volume of transactions.
Supported by a robust and high-bandwidth public blockchain platform, the issue ZIL has addressed are the accessibility issues putting in place a hybrid consensus mechanism. In this case, node operation is entirely reliant on the Proof of Work (PoS) hash. A unique feature of Zilliqa is that it can trap fraudulent or spurious transactions by peers wherein a confirmed block is capable of tracing the preceding block.
Zilliqa is based on cryptographic methods that are reliant on zero-disclosure evidence and mathematical consistency of the entire blockchain-enabled transaction which is cross-checked without revealing any data or message on the other party involved in the transaction. Hence security obstacles are arrested first. The credit goes to the development of Zyro protocol by Zilliqa which happens to be the mainstream of the entire decentralized Finance ecosystem which happens to be yet another launch in offing.
A salient characteristic that stands out in this protocol is that it ensures liquidity and ensures lightning-fast speed of transactions on the network. This perceptible trait makes it unique compared to other Ethereum-based Decentralised Finance protocols and at the same time establishes a plethora of mining avenues.
Hence it would not be an overstatement to name the function of Zilliqa tokens as catalysts in implementing smart contracts and transfer funds. Moreover, it has developed its own smart contract language called Scilla by which developers can write smart contracts from a safety point of view.
ANALYSIS OF ZIL’S HISTORICAL PRICE MOVEMENT
The price-voyage has been wrought with surprises coupled with twists and turns. The current price of Zilliqa (ZIL) is at $0.032266 and it trades under a downtrend. The market capitalization of Zilliqa is USD 346,096,817 with 10,731,040,470 ZIL being in circulation actually. The last day i.e. 24-hour price fluctuation has an altogether story to narrate. At $59,998,763, it held the promise of trading.
EXPERTS TAKE ON ZILLIQA’S FORECAST
While many Cryptogurus have stated their opinion on price prediction (Zilliqa against the US Dollar) in galore, not all are alike. While some experts give an encouraging forecast (Zilliqa price prediction), the others prove to be a little cautious in giving you generous liberties:
#1 BeInCrypto, “a price predictions website, has given a very optimistic view about the 2020 ZIL investment. As per their prediction, ZIL might cross $0.20 in the upcoming years!!”
#2Trading Beasts. com , “Zilliqa price would have transgressed the 5 USD mark by the end of 2020.”
#3 Wallet Investor, “Going by the conservative trend and a cautious approach, it seems difficult that the coin would hold its position and the ZIL price may trade as low as $0.00373.”
VERDICT ON ZILLIQA COIN PRICE PREDICTION 2020
The price predictions of various experts do not deter Zilliqa (ZIL) from outperforming the rivals by any means. The Zilliqa community has set higher benchmarks for itself notwithstanding. ZIL’s share in the crypto world shall surpass the expectations of all investors who have found this platform extremely interactive and uncomplicated. Another important launch of Zilliqa’s token exchange is set to unveil soon which would be backed by multitudes of exchanges.
It would not be an exaggeration to find that Zilliqa has scaled a peak of $0.0361 though the same can’t be called a very overstated and buoyant reach.
Zilliqa Price Prediction 2020
Zilliqa forecast & price prediction chart has truly somersaulted in the year 2020 totally transforming the trend from beginning towards the end of the year. The coin has had a historic journey throughout 2020. ZIL coin’s trend has been quite aggressive leading to a very optimistic path. The coin may grow in leaps and bounds, especially for alliances. New Partnerships and development would bring Zilliqa to the limelight making it the center stage for investments and a socially esteemed cryptocurrency. In the process, more transactions shall be executed with every passing second which may prove a tough challenge for crypto rivals.
Based on 1-year historical data and market cap development, there is even a Zilliqa forecast that the currency may come up with its own blockchain platform transitioning itself from Ethereum base getting enlisted in the major cryptocurrency exchanges of the world by end of 2020.
Zilliqa price prediction 2020 could bid a bye to all negative and pessimistic trends for the world of cryptocurrencies, especially for ZIL/USD, it could mean the start of an era of hopes and promises full of optimism.
Zilliqa Price Prediction 2021
The price of Zilliqa is predicted to trade around $0.040 by the beginning of 2021. The expected high of Zilliqa price is $0.048 while the low might be around its crucial support level of $0.033. And hence, as per the Zilliqa forecast, short-term investors or traders can buy Zilliqa on dips. In this way, they can earn considerable profits from their investment. The Zilliqa (ZIL) price prediction for the end of the year is around $0.039.
Zilliqa Price Prediction 2022
The Zilliqa price is predicted to trade around $0.045 in the year 2022. The expected high of Zilliqa price is $0.056 while the low is $0.039. The Zilliqa (ZIL) price prediction for the end of the year is around $0.046.
Zilliqa Price Prediction 2023
The price of Zilliqa is predicted to trade around $0.058 in the year 2023. The expected high of ZIL price is $0.068 while the low is $0.048. The Zilliqa price forecast part for the end of the year target is around $0.046.
Zilliqa Price Prediction 2024
For the year 2024, the predicted average price of ZIL might trade around $0.066. The expected high of ZIL price is $0.075 while the low is $0.054. For long-term investors, Zilliqa will be a decent investment avenue. Investors can earn more than 100% return in the next 2-3 years if they follow the popular way, buy on dips.
Zilliqa Price Prediction 2025
In the world of cryptocurrencies, there could be forecasts of miracles, there could be magic in the short term too. Five years is a long time. With a pandemic vaccine coming to the fore, as per experts’ reports, it may mean a boom time for ZIL. Zilliqa might reflect a tremendous price increase and might touch previous all-time high value. Expert investors of cryptocurrencies always plan for a longer period.
It would not be an exaggeration that this priced cryptocurrency might break all the barriers and withstand the test of time scaling a peak of $1.339. With fiat currencies unable to sustain themselves in the wake of the pandemic this might come as a reprieve for all investors leading them to the path of high hopes and aspirations to transact in Zilliqa. For informational purposes, one may read the stock watch report and keep a tracking forecast of Zilliqa (ZIL) every 24 hours.
With a bit of patience and keeping the hopes high in the long term, investors can expect a turnaround by the end of 2025, as the adoption of ZIL might grow exponentially, by when it might no more a naïve entrant in the world of cryptocurrencies, but a seasoned player.
CONCLUSION: HAVE YOU BAGGED YOUR ZIL YET?
Their high volatility leads to the great potential of high profit if intelligent inventing strategies are taken while transacting via Zilliqa. So stay tuned to read the Zilliqa coin market report.
FIRMLY ENCOURAGED ANSWERS FOR ZILLIQA
What is new in Phase 1 of Zilliqa staking?
As per the latest news, Phase one would allow ZIL currency users to benefit from the staking portal, Zillion, and wallets such as BTC, Moonlet to transfer their funds to the staking smart contract. This can be done by mentioning the address of the seed node operator as per their choice. For any assistance, you may take the assistance of the team 24 hrs a day or write to them sharing your email address.
What will be the expected annual yield?
It depends on the marketcap, circulating supply, volume, and other significant factors in the market. On average, one can expect a 6% ROI as an annual yield.
What is the minimum & maximum amount of $ZIL I can stake?
While there is no upper limit on staking, the minimum required for staking is $10 for ZIL crypto.