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Zilliqa (ZIL) Reaches the 25th Spot on the List: Goes Above $1 Billion in Market Cap

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Zilliqa

Zilliqa makes up for a rather young coin, however, this newbie on the block managed to gain the attention of investors by promoting scalability and proving that ZIL indeed owns the solution to the general problem of scalability that many platforms are currently dealing with. That is how Zilliqa managed to get past the market cap of over 1 billion dollars while ZIL’s own sharding technology caught the attention of Vitalik Buterin, the first man of Ethereum.

Zilliqua Reaches 1 Billion Dollars in Market Capitalization: Ranked as 25th

Previously ranked as the 30th-best coin in accordance with global coin ranking list, Zilliqa wiped out 5 currencies ahead of it, moving on to taking over the 25th place on the mentioned list.

This is the case because ZIL has made it above and beyond the value of one billion dollars, with the trading volume of 100 million dollars in the course of only 8 hours, which occurred on May 19th, on the last Saturday.

In addition to going above the market cap of 1 billion dollars, Zilliqa also finished April as one of the top trading coins of the month as it managed to go up by over 100%, specifically climbing up by 120% against the dollar in the last 30 days.

The last two months also went by as pretty benevolent for ZIL, as Zilliqa collected 210% of gains during the period of the past 60 days.

To realize how well is Zilliqa doing in the market for the past two months, it is pretty important to know that Zilliqua only started with live trading 3 months ago, while it was worth around 0.05$ at the end of March.

Less than 2 months later, ZIL went from trading at the price of 0.05$ per one unit to dealing with the value of around 0.15$ at the moment.

Zilliqua and Consensus Groups: Scalability Achieved

Zilliqua was launched back in February, which is at the moment only 3 months ago. At the time of its launching, ZIL was presented as a blockchain-based solution for scalability, offering a simple and easy solution for solving scalability issues.

Making a decentralized platform scalable makes a great problem for the majority of platforms, however, Zilliqa offers a solution in form of sharding.

Sharding technology works on dividing the nodes of the ZIL network. By dividing the nodes that way making smaller portions of the ZIL blockchain platform, with sharding technology this currency is able to create consensus groups.

These consensus groups are the one thing in particular that makes a high level of scalability possible with Zilliqa.

Vitalik Buterin: Interested in Zilliqa Sharding Model

As a sort of a confirmation that Zilliqa brought something new to the blockchain technology and something valuable above all, Vitalik Buterin is planning on adopting a model of sharding that can be seen in ZIL’s system.

The first man of Ethereum, Vitalik Buterin, is planning on making Ethereum more scalable with the help of sherding technology, which would aid the ETH team in making their network more scalable.

It is already a known fact that Ethereum is occasionally having some issues with jammed traffic on their network, which demonstrates that even the top platforms have problems with scalability.

How is Zilliqa doing at the Current Moment?

Zilliqa has respectfully become the 25th-best currency on the global coin ranking list since it was previously taking the 30th spot. During the previous period of the last 60 days, ZIL made it up against the dollar by 210%.

At the same time, Zilliqa climbed up by over 100% against the dollar in the period of the last 3o days, making it one of the top trending coins in April.

During the period of the last seven days, ZIL couldn’t fight the actual trend at the time as the majority of currencies were trading in the red, so we can see it dropping against the dollar by -16%  on the weekly chart.

Following the latest change in the market, we can see that Zilliqua is rising up against the dollar by nearly 5% at the moment of this writing while going up and trading in the green.

In addition to trading up against this fiat currency, ZIL is also trading up against BTC and ETH, going up by 3.40% against Bitcoin and 3.19% against Ethereum.

After the most recent change in its value, Zilliqa can be traded at the price of 0.14$ while we could see it at the price of 0.15$ per one unit only a couple of hours before with over 8% of gains against the dollar.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

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.

Mission Statement

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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