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Is Zilliqa (ZIL) One of the Best Buys of Q2?

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Zilliqa

The global crypto market is slowly making its way towards recovery and during such times, investors and traders look for new investments in better performing altcoins. Among the handful of profitable altcoins which gained entry in June with a considerable rise in their respective market is Zilliqa. Zilliqa is a rather a young cryptocurrency that finished its crowdsale at the end of previous year. Zilliqa’s markets have successfully gone through May and entered June with a green indication. Zilliqa has been gaining an increasing number of followers since Q1 and thus making constant progress. In this article, we shall discuss how profitable Zilliqa trading can be and whether it’s a risk-free investment or not.

A Little about Zilliqa Project

Zilliqa was created as an open source blockchain whose aim is to achieve high scalability levels and remain decentralized. The project challenges Ethereum and Bitcoin in terms of speed of transactions and fee. Its cutting-edge technology makes it better than some altcoins out there in the crypto space. Each and every aspect of Zilliqa was carefully made to work better than the crypto giants. Many crypto traders have joined Zilliqa in its journey of becoming the Gem of the market by holding onto it since the time it was created. Zilliqa is best known for introducing mining through sharding and also for its currently under development new programming language named Scilla. Sharding means dividing a particular mining network into smaller shards.

Reasons for Investing in Zilliqa

Zilliqa is set to revolutionize the smart contract aspect of blockchain technology through its sharding technology and its upcoming releases. Its platform is designed in such a way to scale in transaction rates as the number of shards rises. Smaller mining units which are created through sharding can process the transaction by themselves and hence solve the problem of network congestion which is frequently experienced by developers in case of Ethereum platform. The upcoming Scilla, the programming language has created much hype within the community because it’s said to be extremely developer friendly and allows the testing of smart contracts before its launch. All of this gives Zilliqa markets the traction it needs making it a profitable investment.

Risks Associated with Zilliqa

Everyone expects to make a profit while enjoying the benefits of a certain blockchain project but it’s more than just necessary to keep a watchful eye on the risks associated with each investment. Zilliqa also has its own risks such as foreshadowing regulations which threats Zilliqa’s growth or even make it inexistent. Also, being a young project, there is always a chance of some other improved platform to be better than it and coming up with a newer, better technology all because the competition between cryptocurrencies is fiercer than what it looks like. Zilliqa’s sharding technology also gives rise to some shortcomings, for example, it requires a lot of disk space. Although Zilliqa team has hinted a collaboration with bluezelle to address these problems in the future.

Zilliqa Trading and Recent Listings

Zilliqa has come a long way since it was launched on 12th January. Its now available for trading on a number of cryptocurrency exchanges and many more exchanges are now adding Zilliqa due to its hype and expanding community. As of now, Zilliqa is listed on some of the largest crypto exchanges like Binance, KuCoin, Bithumb, Upbit and Huobi etc. It’s also available for trading at EtherDelta, IDEX, Hotbit, OKEx, Bitbns, Gate.io, Kyber Network, Radar Relay, GOPAX, and Koinex etc. However, one cannot directly buy Zilliqa with dollars or any fiat currency. First, you need to buy Bitcoin or Ethereum with fiat currency from an exchange that supports dollars and then buy Zilliqa from any of the aforementioned exchanges.

Market Position

Currently, Zilliqa markets are signaling improvement and progress with its individual price close to $0.127 USD which is rising with a 7.03% indication. At the time of writing, Zilliqa holds the rank of 26th largest cryptocurrency of the world. It’s impressive to note that it has been merely six months since Zilliqa entered the global markets and in such a short span it has grown a lot. Its total market capitalization is close to $933 million USD as per the data on CoinMarketCap. It’s interesting to note that according to analysis Zilliqa market has improved more than 30% in terms of its value in less than a week. It’s presently, making its way to enter the 1 billion USD market and analysts speculate that it’s only a matter of time when Zilliqa crosses the threshold and enters into the 1 billion market capital mark.

Final Thoughts

After closely monitoring Zilliqa’s movements and doing an in-depth research on its features one question arises in the mind of every crypto enthusiast, ‘will Zilliqa maintain its current performance and for how long?’. The volatility of cryptocurrencies is evident, and nobody can guarantee whether Zilliqa will make a record-breaking profit or not. But rest assured, Zilliqa is going to be one of the best players of this game all through the Q2.

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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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