Connect with us

Altcoins

Reasons For A $1 Zilliqa ZIL Price Prediction

Published

on

$1 Zil price prediction
READ LATER - DOWNLOAD THIS POST AS PDF

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.

Bakkt Factor

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite