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One of the top-100 cryptocurrencies in the world, Zilliqa has promising perspectives. Is it a good investment? Check out Zilliqa price forecast for 2019.
What is Zilliqa?
What is Zilliqa? This blockchain is based on sharding technology – that’s the most outstanding feature. It means that transactions are divided into small parts and distributed among several miners who perform parallel transaction verifications. That allows for boosting speed considerably: according to Zilliqa whitepaper, the network can reach up to 1000x speed of Ethereum’s network. Thus, users don’t have to worry about network congestion – they can focus on development instead.
Here’s the official video from Zilliqa team that explains the principle of its work:
The Zilliqa digital currency is another platform that is often compared with Ethereum. A distinctive feature of the new platform is its high network bandwidth, increasing along with an increase in its volume. Zilliqa can be used by every user to develop new applications that use smart contracts. Also, one cannot fail to mention that sharding is the cornerstone of the functioning of the network, according to which the network is divided into a large number of subnets. Due to this method, Zilliqa is significantly lighter than other networks that do not use the sharding method.
Zilliqa (ZIL) coin value
Services on the Zilliqa site are bought using the ZIL cryptocurrency. The creators of the platform plan to issue 21 billion coins, but initially, only 60 percent of the total volume was generated. Other tokens can be obtained over the next 10 years. In the 2nd quarter of 2018, ZIL coins were be added to the network.
During one year of its existence, ZIL price fell seriously (ROI -94%) – the coin couldn’t withstand a massive bearish trend on the crypto market. However, it’s not all lost: the technologies underlying Zilliqa platform and promotion can make this cryptocurrency outperform competitors.
Current ZIL price: $0,007225
Market Cap: $62 764 360
Circulating supply: 8 687 360 058 ZIL
All-time high: $0,231489 (May 10, 2018)
All-time low: $0,006943 (Aug 21, 2019)
Why Ziliqa coin price prediction 2019 is mostly optimistic?
In addition to the technical advantages described above, there is another very important factor for potential growth. These are the active actions of the Zilliqa team, which is working tirelessly on the development of its brainchild. Here are some of the latest achievements:
- HG Exchange Partnership with Maicoin. At the end of January, news came of the beginning of a collaboration between Zilliqa and Maicoin to create the Hg Exchange security token exchange. The new trading platform is designed to become a universal solution for token issuers, sellers, buyers, market makers, giving them access to tokenized securities and shares of major companies (Uber, Airbnb, etc.).
This agreement did not accidentally cause a wide resonance in the crypto community, because it can be an important step towards combining the traditional financial sector with the young crypto-economics. Many regarded the Zil/Maicoin partnership as a powerful marketing move that could lead to increased online activity and increased coin value.
- Launch of the mainnet. On January 31, Xillxi Dong, CEO, and co-owner of Zilliqa, proudly announced the launch of his own Zilliqa network (the project previously operated on the Ethereum platform).
Zilliqa was the first public blockchain to successfully implement sharding technology to increase network scalability. Its own platform is endowed with a number of useful features and is one of the few public blockchains like PBFT. Among other improvements: increased security of smart contracts, secure nodes, green mining, etc.
- The Zil team includes people who have previously proved their high professionalism in working on other well-known projects.
Those are not only technical specialists, but also professionals in the field of finance, cybersecurity, trading in various types of digital assets, data management and many other areas of knowledge are involved in the development of ZIL.
- The team plans to launch an exchange of ERC-20 ZIL tokens on the Binance, Huobi, Upbit, Coinone, Korbit, Gate.io, Gopax, Coinbas, Koinex, and other exchanges. Dates for each trading platform will be individual.
Due to the fact that today most cryptocurrency projects are experiencing serious bandwidth problems, after the introduction of sharding, the Zilliqa network has a chance to expect an increase in the number of decentralized applications. With an increase in network nodes, the speed of work will increase in parallel, and in the future, Zilliqa can outperform Visa speed.
- A great media campaign. The Zilliqa team is actively working on promoting its project. The immediate goal is to go beyond the Asian market and increase the user base. At the same time, the entire marketing strategy is not built on hype, but exclusively on new technologies that can bring real benefits, and their popularization in the community.
Yet, there are some factors decelerating ZIL development. For example, there is a large number of new projects like Ethereum that develop at a crazy rate, and there’s a slight lag behind the development schedule presented in the roadmap (by 2-3 months).
Zilliqa price prediction 2019
If we analyze Zilliqa prediction for 2019, there are different opinions on different sources. Zilliqa price prediction Trading Beasts is one of the most positive forecasts: they have stated that by 2019 end, ZIL might grow up to $0.16, and by 2020 even reach $1.15. By 2022 ZIL can touch $5 level.
Other Zilliqa forecast variations are as follows:
- Bein In Crypto, a popular price prediction website, states that Zilliqa might reach $0.09 by the end of 2019, which is the most optimistic scenario, while $0.02 would be the worst scenario. In five years, ZIL might even reach $0.19.
- According to Global Coin Report, ZIL might get to $1 mark by the end of 2019 which seems to be very unlikely.
- Wallet Investor is quite pessimistic: according to their Zilliqa future prediction, ZIL might go down to $0.00373.
- Coin Predictor states that ZIL will cost $0.013624 by the end of the year.
Zilliqa price prediction 2020 heavily depends on technological development. Zilliqa may grow exponentially as it moves in the direction of expanding more exchanges and may even offer a challenge to the real digital forms of money. Moving from Ethereum blockchain to their own is a serious step, too. In 2020, ZIL may reach $0.776, which will be a noteworthy advance.
Zilliqa price prediction 2025 is $1.338. It will be possible thanks to the wide adoption of cryptocurrency. If the company manages to take and hold their spot under the sun, ROI on investment might reach 1000% and more. Anyway, it’s hard to predict what’s going to happen within a 7-year span – Zilliqa team can surprise us.
To sum it up, Zilliqa price prediction 2019 is mostly optimistic, but we shouldn’t expect anything outstanding. Despite all the claims about ZIL touching the $0,4 mark, the coin has a chance to emerge from the bottom only in case of the overall market uptrend. As practice has shown the hype around ZIL did not contribute to any significant growth.
Thus, Zilliqa would be a good investment for patient, long-term traders. It can restore the price level of 2018 not earlier than by the middle of 2020. ZIL is not a good idea for playing on shorts or getting 200%+ ROI.