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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Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…