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A Look At Zilliqa ZIL Price Prediction

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ZIL price prediction
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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.

Long-term predictions

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.

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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