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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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