Price Analysis

Zilliqa (ZIL) Predictions: Can the Launch of Moonlet Wallet Push Zilliqa to Higher Value?

Finmax

Zilliqa (ZIL) was created in 2017 with an idea of ‘Sharding’ and enhancing the scalability of the cryptocurrency network. Sharding technology is dividing a small group of crypto miners verifying the transactions with a parallel. The advantage of this technology is the consensus on verification is reached quicker than the other conventional crypto coins. The transactions done on this platform has 1000x scalability, as per the claims of Zilliqa (ZIL). This has made the whole network free of congestion as the transactions done are quick and efficient.

Current Statistics-

Zilliqa (ZIL) Price Chart

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  • Zilliqa (ZIL) is the 43rd largest crypto coin in the market.
  • It has an ROI (Return on Investment) of negative 85.64 %.
  • The total coin circulation supply stands at 8,687,360,060 ZIL.
  • The current market cap as on 24th April at 02:04 UTC stands at 169,140,113 USD.
  • The value of each coin in terms of USD and BTC stands at 0.019470 USD and 0.00000351 BTC respectively.
  • The 24 h volume at the same UTC stands at 17,858,859 USD.

Comparison-

Zilliqa (ZIL) has gone through many price variations from the starting of the year. These uncertainties have cost the coin a major base of users and its value as well. The market cap on 24th March was 174,120,305 USD. The value of each coin was 0.020009 USD and 0.00000497 BTC. The current market cap and value in USD are approximately 3 % less than the market cap of the past month.

Prediction-

As mentioned earlier, the value is now roaming around 0.02 USD level. It has fallen from the highest of the year at 0.025 after the April 1st market boom. We predict the coin to be stable in the shorter term. It may reach the 0.025 level before being stable. But the medium term and long term outlook are bullish. Zilliqa (ZIL) has recently announced its own wallet for its users. The freedom and security of the transactions done through this wallet may attract many new users. The Binance coin has declared that it would back Zilliqa (ZIL) for the token swap. These stories may have a positive impact on the price of each coin. By the end of 2019, the value may reach as high as 0.5 USD to 0.8 USD. By the end of 2020, the coin will breach 2.5 USD level, as per our predictions.

Conclusion-

We advise the short term investors to stay out of the market for some time as Zilliqa is experiencing a price improvement now. Long term and medium term holders will be profited with huge dividends owing to the positive stories of the market.

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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