Price Prediction

Zilliqa Price Prediction, Will ZIL Price Hit $1 By 2021?

Zilliqa is a cryptocurrency project designed to scale securely in a permission-less and open distributed network. It serves as an alternative and scalable solution for decentralized applications. It is the first public blockchain to implement sharding on its mainnet. 

Do you know? The transaction volume of Zilliqa is 2,488 transactions per second.

ZIL may be a good investment in the coming days and in this article, you will get a clear picture of the upcoming price movements and predictions. By the end of this article, one can decide how best to allocate ZIL in the portfolio.

Overview

CryptocurrencyZilliqa
TokenZIL
Price(At the Press time)$0.2165
Market Capitalization$2,440,279,539
Circulating Supply11.27 billion ZIL
All Time High$0.2583 (MAy 06, 2021)
All Time Low$0.002477 (March 13, 2020)

Zilliqa Fundamental Analysis

Zilliqa is a smart contract platform that authorizes innovators to build a new digital economy. It is the first public blockchain to implement the concept of sharding. It offers more scalable and secured blockchain infrastructure. It is a permissionless blockchain sketched to offer high throughput with the eligibility to process and complete thousands of transactions per second. 

Founded by Prateek Saxena, Amrit Kumar, Max Kantelia, the blockchain is the home to many decentralized applications and allows staking and yield farming.

Also Read: Decentraland Price Prediction 2021 : MANA Price Hits $1 , What’s next?

Zilliqa Price Prediction 2021

Zilliqa traded at $0.08 during the start of January 2021. Later the price started to escalate as it acquired the attention of the investors and reached the highest levels around $0.23. However, the price dropped a little yet showcasing a strong momentum to head towards $1.

The coin is anticipated to rise further with certain developments and software upgrades. Zilliqa might decline if the bears drag the prices down. At the end of 2021, ZIL is assumed to hit $0.3 to $0.35

Zilliqa Price Prediction 2022

ZIL might resume the year 2022 with a price of $0.25. The price might accumulate further if it concentrates on attaining more investors as well as the users. By the end of 2022, Zilliqa might reach a higher price at $0.4 to $0.45.

Price Prediction For The Next 5 Years

In the next 5 years, Zilliqa is anticipated to be ranked among the top 35 currencies. The price may intensify if the bulls acquire the market and push the prices up. ZIL might concentrate on enhancing the protocol and the platform. By the end of 5 years, the highest ZIL’s price could hit $1 to $3.5.

Market Prediction For ZIL

WalletInvestor

According to WalletInvestor, Zilliqa is a good investment for the long term and it could reach $0.442 at the end of 2021 and anticipated to hit $1.249 by the end of 2026.

Cryptonewz

Cryptonewz analyst predicts that the ZIL price may reach $0.3 by the end of 2021 and may reach the peak above $1 by the end of 2025.

Digitalcoinprice

According to digitalcoinprice, the price is expected to hit $0.3299 by the end of 2021 and $0.6558 by the end of 2025.

Trading Beast

Tradingbeasts predicts the ZIL price may reach $0.35 by the end of 2021 and $0.42 by the end of 2024.

Our Zilliqa Price Prediction

ZIL intends to offer more scalability and security, the coin may soar and hit new highs. The coin might gain more momentum if it works effectively on certain collaborations with other projects. By the end of 2021, ZIL may hit as high as $0.355 to $0.4.

Also Read: UMA Price Prediction, Will The Price Hit $100 by 2021?

Historical Market Sentiments

2018

Zilliqa made its existence in the crypto world on 26 January 2018 with a trading value of $0.18 according to Coinmarketcap. The coin dramatically plunged to $0.04 within a few days and again slid to $0.03 by mid March. 

Further, with certain recovery, the coin drastically spiked to $0.23 on 10 May to hit an All-Time-High. Later the price failed to be stable and shockingly sank to $0.02 by Mid August. Later with certain price indifferences the currency reached $0.02 to end the year 2018.

2019

On a bearish note, ZIL entered the year 2019 with a cost of $0.01. The price remained stable until it recovered to $0.02 by April. Further, the price again swang to $0.01 and reclaimed its resistance at $0.02 by June. Terribly, the coin started a downtrend and declined to $0.004 by the end of September. However, ZIL closed the year 2019 with a trading price of $0.004.

2020

With a bearish cycle, Zilliqa started the year 2020 at a trading value of $0.004. With certain price inequalities, ZIL declined to $0.003 by mid March as the fall of the cryptocurrency market due to Covid-19 outbreak. Progressively, Zilliqa recovered to $0.02 by mid June and further started to variate and declined to $0.01 by September. Later with certain price indifferences, ZIL moved to $0.08 by December to end the year 2020.

FAQ

Can Zilliqa be mined?

No, Zilliqa cannot be mined.

What is Sharding?

It is a scaling solution that splits the transaction validating nodes in the blockchain into tiny components. 

Is it worth buying Zilliqa?

Yes, it is worth buying ZIL for a long term as its price is expected to accumulate.

Where to trade Zilliqa?

Zilliqa can be traded at the exchange platforms like Binance, OKEx, HitBTC, Upbit and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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