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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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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