Zilliqa (ZIL): Cryptocurrency markets are becoming more accessible and analysis is increasing by the day. Gone will be the days when investors jump into crypto to become overnight millionaires and it is the reason some ICOs are doing well while others have been losing value since January. Zilliqa platform is among the few projects that seem to be gaining favor from different facets in the financial services sector.
The ICO which launched in late 2017 has so far had a good Q1 in comparison to its peer coins. One would attribute this to the nature of its protocol; Zilliqa aims at maximizing scalability within the blockchain tech. The platform has been developed using the sharding tech in order interlink more networks.
For a long time the financial services sector has been stagnant with major tech developments until recently when blockchain proved to be part of the future. Zilliqa (ZIL) has taken advantage of this trillion dollar industry that is in constant need of expansion hence the preference for highly scalable platforms. Anyone that has been keen on the crypto markets would notice ZIL has been increasing in market cap and is currently in the top 30, well here is why;
It is no secret that the highly volatile crypto market is quick to react to any speculations of a partnership. Zilliqa is one of the coins that are clearly playing its cards right when it comes to strategic partnerships. The altcoin which is barely half a year old recently announced a partnership with a company in the insurance arena of a highly tech savvy economy, Singapore.
Insurance services offered by Delloite, Singapore based insurance, will be test run on Zilliqa’s blockchain platform. If the project goes well it would mean that Zilliqa could be part of the team to reengineer the insurance services sector by incorporating its blockchain network. The ZIL coins stand to largely benefit in value once proven that they will have a utility. Zilliqa is on other partnerships as well which I highlighted in my previous article. This means that the token is currently scaling its probability of adoption via strategic partnerships.
Coin Exchanges Listing ZIL tokens
ZIL tokens are currently trading in a couple of exchanges with Binance leading the pack at volume of 47% within the last 24 hours. The commonly exchange pairs for this coin are the BTC & ETH which why its most recent listing offers more flexibility. Koinex & Gopax have now listed the ZIL tokens to exchange for INR & KRW coins respectively. This is expected to increase the coin’s trading volume which can be seen with the coin hitting the $1 billion mark.
Zilliqa (ZIL): Market Overview
The growth of Zilliqa (ZIL) price has been at its peak since the beginning of Q2 having grown by 246% in the past month. Currently one would have to part with $0.1464 for a ZIL token which could vary by almost 20% within the coming week. However, this is not to say that only a bullish trend is to be expected.
Although unpopular, ZIL token has managed to move 7 places up in market cap within only two weeks joining the above $1 billion cryptos. This digital asset comprises 0.2207% of the total cryptocurrency market right now.
The new wave of research oriented investors joining crypto is a big factor in market correction. Zilliqa (ZIL) is probably one of the altcoins whose fundamental value will withstand this test and eventually rise above the current undervaluation once its utility is proved.