If you would have approached this author a few months ago and suggested to him that Zilliqa (ZIL) had the potential of being the most likely Ethereum (ETH) killer, I’d have smiled and asked that we bet 1 ETH on such a comment. Now that the Zilliqa project has constantly proven itself this year, this author is glad that no such bet was made. 1 ETH is a cool $607 gone and using current crypto market values.
The numerous price predictions of the token were highlighted by GlobalCoinReport only a few days ago. These were not the predictions of GlobalCoinReport, but those of numerous outlets online that claim to have done their own analysis of the token and also factored in the final product of ZIL’s MainNet that is to be released in the third quarter of this year.
The price predictions were of $0.50, $0.60, $2.87 and $4.45. More on the summary of how these values were reached can be found in the previously mentioned article. As is with all investment choices, personal research is always advised before following that which is found in the numerous online resources.
All these four price predictions share one common denominator: they are all greater than the current values of ZIL in the crypto-markets. ZIL is currently valued at $0.127 and up 0.70% in 24 hours. The token has seen bigger days when it peaked at $0.23 earlier in May. This is quite impressive when you consider two factors that are against the token.
The first one is that the token was only available for trading in the crypto-markets late in January. It has come a long way in such a short time. The second being that the token has a high circulating supply of 7.355 Billion and a total supply of 12.6 Billion. These two factors might seem like disadvantages, but ZIL has proven that they are not due to a solid concept backed by the Scilla programming language and Sharding. There is also the excitement of the Zilliqa community; and a solid academic team behind the project.
The Zilliqa project is the brainchild of experienced researchers from the National University of Singapore and the University of London. Therefore, it has the backing of knowledgeable men and women. It also has a currently running Testnet version. The second iteration of the Testnet should be released anytime from now and in anticipation of the MainNet in Q3.
In summary, Zilliqa has a bright future ahead in terms of providing a solid blockchain platform and a well-valued token in the crypto-markets. One need only decide when is the right time to purchase and HODL the token.
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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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