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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
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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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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

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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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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