Price Analysis

Zilliqa (ZIL) Price Analysis: Will Recent Developments Work Wonders For Zilliqa?

  • Innovative platform with its Mainnet.
  • Recent tie-ups with Mindshare and King’s College London student society has opened up new avenues for the coin.

The launch of the Mainnet was a noteworthy event for the platform and garnered a wholesome, positive response. The recent tie-ups, with Mindshare on Project Proton, will help in revamping the advertising industry and digital supply chain and with student society of King’s College, London has paved the way for its contact with next-generation engineers and leaders, thereby leading to it increasing popularity.

Zilliqa (ZIL), launched in 2017 is a next-generation blockchain, which is a decentralized platform that works on Sharding technology to bring in more scalable operations.

Current Statistics:

Zilliqa Price Chart

On May 9, 2019, at 10:24:04 UTC, the market price of Zilliqa is 0.016766 USD. Price has gone up 0.85 % from the last close. Currently, the market cap is around 0.14 USD billion, 24 h volume is at 0.013 USD billion and ROI is at a negative 87.92%. Zilliqa is ranked number forty-six in the cryptocurrency market.  52 Week High/Low 0.231489 USD/ 0.012491 USD. As on April 9, 2019, at 10:29:03 UTC, the price was 0.022799 USD. The price has lowered to the extent of 26.53% over the past month. There has been a lot of fluctuations in the coin for the past few months, but now it is slowly gaining inroads in the market.

ZIL Price Prediction:

Zil is slowly establishing its prominence in the market despite being launched only in 2017. The launch of mainnet was welcomed with a huge positive response in the crypto market. The collaborations with major players like Mindshare and King’s College London are raising investors hopes about the potential of the coin. The Sharding technology used is another factor which works in its favor. Looking at the positive developments, investors are seriously considering this platform as a great investment opportunity.

Analysts are predicting a bullish trend for Zilliqa in the long run, though the coin has been continually fluctuating in the short-run. Due to the positive developments taking place in and around Zilliqa, they predict a bullish price between 0.5 USD -1 USD by the year-end. The major tie-ups and growing interest of investors will aid in the upward movement of prices. Investors should look at investing in the coin from a long term perspective.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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