Zilliqa is a cryptocurrency project designed to scale securely in a permissionless 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.
This article provides an in-depth analysis and Zilliqa price predictions for 2021 and beyond. Let’s see Will the ZIL price increase in the future?
Table of contents
|Circulating Supply||10,98,05,00,822 ZIL|
|All Time High||$0.2315 ( May 10, 2018)|
|All Time Low||$0.002477 ( March 13, 2020)|
What is Zilliqa?
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. The platform offers a more scalable and secure blockchain infrastructure. It is a permissionless blockchain sketched to offer high throughput with the eligibility to process and complete thousands of transactions per second.
Prateek Saxena, Amrit Kumar, Max Kantelia are the founders of Zilliqa.
Zilliqa Technical Analysis
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.
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.
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.
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. 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 $1.
ZIL Price Prediction 2022
ZIL might resume the year 2022 with a price of $1.5. 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 the higher price at $2.5.
5 Years ZIL Price Prediction
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 $4.5.
Zilliqa Market Prediction
According to WalletInvestor, Zilliqa is a good investment for the long term and it could reach $0.234 at the end of 2021 and anticipated to hit $0.756 by the end of 2025.
According to TradingBeasts, Zilliqa would trade around $0.2171925 at the end of 2021 and could reach $0.3100542 by 2024.
Our Zilliqa Price Prediction
Zilliqa opened the year 2021 with a cost of $0.08. On a bullish note, the coin started to rise further. As 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 $1.2.
No, Zilliqa cannot be mined.
It is a scaling solution that splits the transaction validating nodes in the blockchain into tiny components.
Yes, it is worth buying ZIL for a long term as its price is expected to accumulate.
Zilliqa can be traded at the exchange platforms like Binance, OKEx, HitBTC, Upbit and many more.