Why You Should Buy And Hold Zilliqa (ZIL) Ahead Of Its MainNet Launch?
Zilliqa (ZIL) is arguably one of the fastest growing decentralized platforms, allowing linear scaling and its revolutionary sharding technology which easy wins over parallel cryptocurrencies.
Zilliqa’s revolutionary technology and decentralization are some of the reasons the project has become endeared by many in the crypto space.
Zilliqa has achieved a lot as it aims to transform how smart contracts are written with its Scilla programming, which will allow developers to write and test their smart contracts before deploying them.
Zilliqa is already able to achieve 2,500 transactions per second with its sharding technology, with ambitions to hit 4,000 in the near future.
However, Zilliqa (ZIL) will be looking to hit the big stage as it launches its MainNet. In Q3, Zilliqa will be migrating from its Ethereum based blockchain to its own blockchain.Zilliqa has not scheduled a date for the MainNet launch, but it will happen in Q3.
Prior to the MainNet launch, Zilliqa is planning a testnet 2.0 with Smart contracts alpha before the end of Q2.
Zilliqa (ZIL) lists on more exchange platforms
After achieving a market cap of $1 billion USD, Zilliqa showed the world a glimpse of what will be possible with its coming MainNet in an event held in Singapore.
Zilliqa demonstrated the Scilla programming language, allowing a developer to create and test his Smart contract before deploying them.
Zilliqa’s testnet was also subjected to tests on linear scalability. The tests results were remarkable, 1 shard produced 481 Transactions Per Second (TPS), 2 shards doubled to 995 TPS, 4 shards 1967 TPS and 6 shards gave 2,828 TPS.
The testnet 2.0 is still to be launched, and it looks like Zilliqa has delivered big on its promise to provide working solutions to problems.
Market performance and price predictions for Zilliqa (ZIL)
2018 has been a very active year for cryptocurrencies. In this year we have seen most cryptocurrencies hit an all-time high and also decline so badly that concerns have been raised about the future of some assets. In May alone, the entire crypto market lost over $83 Billion USD in market capitalization.
Zilliqa (ZIL) may have not recorded its greatest growth this month, but it has reacted relatively well to the faltering crypto market. ZIL grew by almost 10% earlier this week when the crypto market started a comeback to cover up for the lost value of the previous week.
As at the time of this writing, the market downtrend has caught up with Zilliqa. ZIL is down by 0.53% over the last 24 hours and is currently trading at $0.128.
Zilliqa maintains its place as the 25th largest cryptocurrency with an estimated market capitalization of $943 million USD.
Zilliqa (ZIL) has been predicted to be valued somewhere around $1-4 USD by the end of the year. It may be miles away from this value at the moment, but it looks plausible.
Zilliqa will be launching its blockchain 3.0 soon which could project the altcoin above its contemporaries in the market, add that to Zilliqa’s high transaction performance per second, and Zilliqa comes out a certain winner.