The lowest levels of Bitcoin (BTC) this year were witnessed on the 29th of June. The entire Crypto market also came to its knees on this date with the total market capitalization reaching new lows of $232 Billion. These levels have been rejuvenated and are currently at $273 Billion at the moment of writing this. BTC has also gathered some steam since then and is trading at $6,808.
A good picture of how much the markets have fallen in the last six months is the fact that BTC was valued at $20,000 last December and the total market capitalization of the crypto markets, stood at $832 Billion in early January.
The reason for this brief reminder of the past crypto market performance is to highlight that Zilliqa (ZIL) is also at its most recent lows. This is the first reason to get some ZIL right now. These lows will not be around for much longer as the project continues down the second half of 2018. The token had new lows also on June 29th when it was trading at $0.060. ZIL is still undervalued at current levels of $0.080. Past performance of the token has seen it reach levels of $0.23 back in early May. This means it is only a matter of time before a similarly stellar performance of the token in the crypto markets due to the second reason below.
A second reason to get ZIL right now is the current progress showcased by the project. The team has redesigned the Zilliqa website as well as launching the second version of the TestNet that allows developers to test out the Scilla programming language. The new Testnet can currently handle 2,828 transactions per second, which is considerably higher than the transaction capability of the Tron Mainnet Network that can only handle 2,00 tps. This means once the Zilliqa MainNet is launched, it stands to have a chance at edging out TRON as the preferred platform for decentralized apps and smart contracts.
This high throughput evident on the Zilliqa platform is ideal for DApps in gaming, entertainment, digital advertising as well as finance. These are the 3 key industries for emerging applications and technologies on the blockchain.
The current roadmap indicates that the MainNet will be released in the third quarter of 2018. We are currently in the 3rd quarter which runs up until the end of September. Anything can happen between now and then including the much-anticipated crypto market recovery and a Bitcoin bull run brought about by new money from the institutional investors that want a piece of the action in the crypto markets.
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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