Price Analysis

Will Team Zilliqa’s (ZIL) Efforts To Engage The Grassroot Level Yield Good Results For The Coin?

Zilliqa is based on the principle of Sharding which enables multiple transactions to run simultaneously increasing the speed and overall throughput. The blockchain based crypto was introduced in 2017 and currently comprises of some significant members in the core team including Xinshu Dong, co-founder, and CEO of the company, co-founders Amrit Kumar, Max Kantelia, Prateek Saxena, Head of Technology & co-founder Jia Yaogi and Head of Business Development, En Hui Ong. In a very short span of time, the coin has made it to the top 50 cryptocurrencies list and has been relied upon by many traders to show sudden price surge. The platform claims to have the scalability of over 2800 transactions per second and uses Scilla as the smart contract language guaranteeing high-end security. This makes it immune to the attacks from hackers and increases reliability among investors.

Current Statistics:

Zilliqa Price Chart (05.04.2019 - 02.05.2019)As on May 2, 2019, at 07:19:02 UTC, the market cap of the coin is recorded at 150,194,778 USD, the price is trading at 0.017 USD and 0.00000320 BTC. The 24 h volume is 6,646,202 USD. The circulating supply is $8,687,360,058 ZIL and the total supply is $12,533,042 ZIL. The ROI is recorded at -87.32%. Zilliqa (ZIL) is ranked at 46th position in the top 100 cryptocurrencies list.

Comparison:

In the past 30 days, the highest price reached over 0.026 USD & lowest was recorded at 0.016 USD. The last 7 days, the highest price has fallen to over 0.019 USD & lowest to 0.016 USD. As on April 05, 2019 at 05:34:04 UTC, the market was recorded at 199,106,856 USD, the price was 0.022 USD & 0.00000462 BTC & 24h volume was 23,763,730 USD. The downtrend of over -22% has been noticed in the past one month.

Prediction:

Zilliqa is relatively new in the world of cryptocurrencies but has been brought to speed by the founders and is all set to offer solutions currently paralyzing this market. Recently, the team partnered with the student society of King’s College London to organize an educational series around blockchain and its applications in the businesses. This has brought it in direct contact with the next generation of engineers and business leaders & is a positive step to increase popularity. The team of Zilliqa is also seeking partnerships from companies like Airbnb, Uber to increase its popularity quotient resulting in a demand surge. The coin ZIL has also been listed on major exchanges providing easy accessibility & transactions to the users. From a 5 year perspective, the crypto can be expected to reach somewhere between 5USD – 10USD. By the end of 2019, the price can be as high as 0.09 USD.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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