When it comes to cryptocurrency trading, price predictions can mean everything. An investor needs to know what to expect of the coin, which is why they often search for all the information about it that they can gather.
The trouble comes when the investors get interested in a relatively new coin. It is never easy to predict what will happen to a crypto, but it is much easier to predict the future of Bitcoin or Ethereum than that of a coin launched only months ago. Zilliqa (ZIL) is one of the younger coins that have been gaining popularity, with its ICO being held at the beginning of the year.
If you’ve noticed this coin before, or you are interested to see what to expect from it in the future, you’re at the right place. Let’s take a look at what we can expect in terms of this coin’s price in the future, according to current predictions.
ZIL price prediction
ZIL is a coin belonging to a new generation of the blockchain. It was designed to scale by using the sharding technology to increase the rate of transactions. As its network expands, the project will be able to follow, instead of losing control due to high demand. In fact, the project is bringing this technology and its use to a new level, in an attempt to show the better way.
So, what can we expect from it? Well, at the moment, ZIL’s value is $0.033396 per coin. It has a market cap of nearly $260 million, which puts it to the 35th place on CoinMarketCap’s list. The coin has a circulating supply of 7,780,347,516 ZIL, and a total supply of 12,600,000,000 ZIL.
When it comes to ZIL price prediction for the rest of 2018, it is difficult to tell what might happen due to this year’s constantly bearish market. However, ZIL plans a $5 million developer grant program which is expected to speed up its ecosystem’s growth. The program is to allow teams and individuals alike to work on creating tools, libraries, and dApps in numerous different areas. By the end of the year, some analysts expect for the coin to reach $0.20 if another price surge occurs. Other predictions are a bit less optimistic, and they include the coin being at only $0.08 by the end of December.
The further growth of the coin is also expected to come from the project’s MainNet launch. Unfortunately, it would seem that the launch, previously planned for Q3 of this year, will eventually come in January 2019, if it doesn’t get rescheduled again.
As for the future, determining the coin’s price gets even more difficult, but the most realistic expectations claim that Zilliqa is not the coin that will make you rich overnight. This is a coin that can be a valuable long-term investment, meaning 5 years or more. Some analysts believe that the coin will go up and down with the market’s trends, but that its true price will hit around $0.2133 in about five years from now.
While this is nowhere near the Bitcoin level, keep in mind that calculating the price over such a long period of time, and without any insight regarding what awaits along the way is not easy, nor especially accurate. While the predictions may come true just as easily, it is also possible that the coin will advance faster, and reach new heights much sooner. Still, it is better to play it smart, especially when it comes to the long-term investments.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pexels
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
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…