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

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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