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$4.45 By End Year and Other Zilliqa (ZIL) Price Predictions

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Zilliqa

The Zilliqa (ZIL) project has been defined by some, as the revolutionary new kid on the block that shall introduce sharding and transaction scaling on a level that has not been seen before. The Zilliqa MainNet that is scheduled for launch later on in the third quarter of this year, will be able to muscle it out with heavyweights such as Ethereum (ETH) and other new blockchains such as Tron (TRX) and EOS (EOS).

Therefore, and amidst such expectations of what Zilliqa can achieve, do we find numerous price predictions on the world wide web. As a benchmark for this conversation, let us look at the current market value of the ZIL token at the moment of writing this. Referencing coinmarketcap.com, we find that ZIL is currently valued at $0.127 and up 1.07% in 24 hours.

So what are the price predictions available?

The first price prediction is from Reddit and puts ZIL at $0.50 in a year’s time from when the post was made. Looking at the date on the Reddit post, we see that this estimate was made in April. Therefore, the Reddit contributor expects ZIL to be worth $0.50 by next April.

A second price prediction puts ZIL at $0.60 by the end of the year. This price prediction available online is based on historical data and using a combination of linear and polynomial regressions. The authors of the price prediction go-ahead to issue a disclaimer that they cannot predict prices with total certainty and their input should not be used as investment advice.

The third and most interesting price prediction puts ZIL at an amazing $4.45 by the end of the year. This price prediction is based on a custom algorithm that has detected that ZIL is a fantastic investment. They too seem to share the notion that ZIL is the true Ethereum killer and not Tron or EOS.

The fourth price prediction that also reiterates that Zilliqa is a worthy investment, puts ZIL at a value of $2.87 by the end of the year. The price prediction is also based on historical data and that ZIL has a solid product that has allowed the value of the token to persevere through hard times in the crypto-market.

One general theme can be seen from all the four price predictions shared above is that Zilliqa is headed places in terms of market performance and delivering on the goals outlined on the project’s road-map. The question now is, is it worth taking the risk investing in ZIL? Or should you hold on to your current coins in your HODL portfolio?

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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