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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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