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.
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
XRP Surges By 8% In A Surprise Bull Run
The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.
While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.
The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.
Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…
If Tether crashes, will that money pour into Bitcoin?
For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.
Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.
While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.
At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:
- Are all USDT coins fully backed?
- If yes, then where did that much money come from?
- If not, what will happen when the market discovers the lie?
Tether continues to keep secrets
As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…
Is Bitcoin (BTC) Better Than USD?
Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.
Bitcoin vs traditional money
Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.
However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.
Surprisingly enough, the report portraits Bitcoin in a very positive light.
The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…
The low volatility of Litecoin and Bitcoin on the spotlight
Ripple CEO set to be part of Mars Blockchain Summit alongside reps from NASDAQ, Barclays, and the likes
Tron (TRX) launches official developers network website, TronGrid
Don't Miss1 week ago
Exclusive: Ripple (XRP) to be exhibited at SWIFT’s Sibos conference
Altcoins5 days ago
TRON TRX: A Perfect Way To Bring Games To Blockchain
Altcoins1 week ago
Electroneum (ETN) on the rise, can it make to highest market cap coins?
Altcoins2 weeks ago
Ethereum killers? Think Tron (TRX) and Qtum, according to startup mentor
Don't Miss1 week ago
Exclusive: Singapore to develop Ripple (XRP)-powered invoice trading platform
Altcoins2 weeks ago
Why is xRapid not bringing XRP price up?
Altcoins1 week ago
You think Tron (TRX) looks good? It’s even better
Featured news2 weeks ago
Bank of America starts Ripple and Stellar alike service for cross-bank operations