The crypto-markets have gone against the grain after the SEC made the announcement that they will need more time to consider the rule change on the CBOE sponsored Bitcoin ETF. Many crypto traders and enthusiasts, had expected the worst which included BTC falling to levels of $5,800. But the opposite happened and the King of Crypto is now testing new levels of $6,700. XRP has also ridden the wave of glory and peaked briefly at $0.80 from levels of $0.27 only a few days ago.
$1 ZIL Price Prediction Due to A Market Recovery
It is therefore with the market events of the past few days that we can conclude that a market recovery is slowly becoming a reality. Ex-hedge fund manager and Billionaire, Michael Novogratz, confidently stated on the 12th of September, that Bitcoin had reached a bottom when it touched $6,200 on that day.
At first, his words were received with a lot of skepticism in the crypto-verse, but the market action witnessed in the last few days is enough evidence to agree with Mr. Novogratz and perhaps even call him a soothsayer.
As soon as this market recovery is confirmed in the next few weeks, the $1 ZIL price prediction can slowly become a reality.
Before we get to the technical developments that would lead to Zilliqa getting to $1, there is the additional groundbreaking Wall Street firm of Bakkt that aims at making Bitcoin and other digital assets mainstream investment instruments. The firm intends on doing this by using already existing regulations and infrastructure to make this possible.
The firm clarified on their vision via twitter as follows, “Bakkt uses the existing, time-tested, regulated futures market infrastructure to introduce physically delivered Bitcoin and warehousing to global markets. All aspects of the existing futures market will, for the first time, be part of physical delivery and warehousing of Bitcoin.”
ZIL Technical Developments
With an existing Testnet, the Zilliqa team is carrying out final touches for the Mainnet launch that has been scheduled for somewhere between the end of this year and early next year. Once live, the team at Zilliqa has promised the following:
- Running on a scalable system that can support a high number of transactions per second (high throughput) without network clogging
- More secure platform by using Scilla, our safe-by-design smart contract language
- Low transaction fees
- To maintain decentralization
The existing testnet has showcased that it can handle a throughput of 2,828 transactions per minute with only 6 active shards. Therefore, it is exciting imagining what the Mainnet will accomplish in terms of throughput once fully functional.
DApps and Initiative With Mindshare
The team at ZIL recently updated on their joint initiative with Mindshare which is a global media and marketing services company. The firm has over 7,000 employees and $34.5 Billion in annual revenue. Through project Proton, both Mindshare and Zilliqa will work together to evaluate the ZIL protocol and how best it solves major issues in the advertising industry.
The Zilliqa team also plans on hitting the ground running once the Mainnet is launched. They have a running grant program that is meant to cater to start-ups that want to create DApps on the platform. They are constantly looking for great ideas and developers to bring them to fruition.
In conclusion, the Zilliqa project is a very promising project in terms of giving a fresh new platform for secure smart contracts and decentralized apps. Once the Mainnet goes live and with a crypto market recovers, the $1 ZIL price prediction can become a reality.
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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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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.
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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.
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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%.
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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.
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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.”
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