Zilliqa is a new blockchain platform capable of processing thousands of transactions per second. This allows it to compete with centralized payment systems. Its goal is to make decentralized blockchains the building block of future enterprises and applications.
The Zilliqa platform uses sharding to solve the scalability problem. Sharding involves splitting the Zilliqa network into groups of nodes called shards. Each shard consists of 600 nodes. Shards form a mini blockchain. Shards process transactions separately from each other, not as a group. Thus, it allows a lot more transactions to be processed.
The main feature of Zilliqa is its high bandwidth, which grows with the size of the network. Zilliqa’s own coin is ZIL. It is used to pay for services provided by nodes. Initially, the ZIL coin was issued on the Ethereum blockchain, but with the launch of the mainnet in 2019, Zilliqa became an independent cryptocurrency.
ZIL coin statistics
Since this platform was the first to use sharding, it has attracted a lot of attention. The excitement of the crypto community led to an unplanned Zilliqa ICO in 2017. A huge number of people wanted to participate in the project and it yielded results.
Nowadays, Zilliqa also seems to be a very forward-looking project. Let’s take a look at ZIL in detail:
According to data on CoinMarketCap (as of 17/03/2021):
- ZIL price: $0.1899
- Market capitalization: $2,100,529,795
- Volume (24h): $629,876,926
- Circulating supply: 11,059,789,211 ZIL
- Total supply: 14,351,256,364 ZIL
- 24 Hour High: $0.1902
- 24 Hour Low: $0.1515
The history of Zilliqa dates back to 2017. The creators of the platform are software scientists, mainly from Singapore. The President and Chief Scientific Officer is Amrit Kumar.
The developers published a roadmap of the project in 2017 as part of the official presentation of the platform. Since then, most of the tasks have been successfully completed, and the implementation has reached the final stage. Users can access the source code for the alpha version of Zilliqa, as well as the complete technical documentation that describes the methodology for creating smart documents that the program can recognize.
Now the following data for 2020 has been published on the platform’s official website:
But the developers were not going to stop there.
Crypto community about ZIL
Here we invite you to take a look at what crypto experts are writing on Twitter about the ZIL coin.
People really follow the movement of the coin rate and mostly make optimistic predictions about the ZIL price 2021.
Many crypto enthusiasts believe that ZIL is one of the best altcoins and is worth the investment.
ZIL price prediction 2021
Now you have already learned a lot about the Zilliqa project and the ZIL coin. And so, we suggest that you consider ZIL price predictions for 2021 according to various crypto services.
Trading Beasts shows us the following ZIL price prediction 2021 (as of 17/03/2021):
Minimum ZIL price for 2021: $0.1854744
Maximum ZIL price for 2021: $0.2868288
Average ZIL price for 2021: $0.22350224
Year-end ZIL price predictions 2021:
Minimum expected: $0.1950436
Maximum expected: $0.2868288
Average expected: $0.2294630
According to WalletInvestor ZIL price prediction is following (as of 17/03/2021):
Minimum ZIL price for 2021: $0.149
Maximum ZIL price for 2021: $0.290
Average ZIL price for 2021: $0.223
Year-end ZIL price predictions 2021:
Minimum expected: $0.216
Maximum expected: $0.290
Average expected: $0.251
Based on the information from DigitalCoinPrice.com (as of 17/03/2021) ZIL price prediction is reflected below:
Average ZIL price 2021: $0.27791673
Average year-end ZIL price expected: $0.25167640
Zilliqa price prediction 2025
As one of the top 100 cryptocurrencies in the world, Zilliqa has a promising future.
Different sources show different opinions about the Zilliqa price 2025 .
WalletInvestor has one of the most positive forecasts: they said that by the end of 2021, ZIL could rise to $ 0.290. By 2023, ZIL may touch the level of $ 0.611, and in 2025 the target price is $ 0.983.
According to analysts of the Trading Beasts service, the price prediction is not as optimistic as that of WalletInvestor. They estimate that by the end of 2024 the maximum ZIL price will be $ 0.379.
Of course, it is very difficult to predict the price of any cryptocurrency for the long term, since there are a number of factors that can affect the rise and fall of the price in a given period of time.
Historical price analysis
All Time High: $0.2315 (May 10, 2018)
All Time Low: $0.002477 (Mar 13, 2020)
Due to the constant problems around Ethereum, crypto investors began to look closely at other altcoins. The attention of many was immediately attracted by Zilliqa, a relatively young cryptocurrency, which in just six months gained great popularity in Southeast Asia and is now showing a rapid rise in prices.
Just 20 days after the completion of the ICO, ZIL was added to one of the largest crypto exchanges Huobi. But the most interesting thing is that already in February 2018, the Zilliqa team published the public code of the Zilliqa v0.1 (Durian) platform where users have the ability to make P2P payments through a web wallet.
In May 2018, ZIL showed significant growth ($ 0.200). Then it plummeted in price and until January 2021 it stayed at the level of $ 0.016 – $ 0.022. We have seen steady growth since January 2021. And as of 17/03/2021, the price of the ZIL coin is $ 0.1899.
At the moment, by the Coinmarketcap rating, the ZIL coin is ranked 53rd in terms of capitalization.
Most crypto fans believe it is worth investing in Zilliqa. Many of them even call the cryptocurrency one of the most promising today. Due to successful management decisions, the popularity of Zilliqa is constantly growing, and due to this, the price of the coin also rises. Zilliqa’s sharding architecture maintains a good balance between security, decentralization, and scalability.
A large number of professionals are working on Zilliqa. They have created a really promising project that has every chance of becoming a competitor to leading cryptocurrencies.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.