Zilliqa (ZIL) is with no doubt one of the most powerful blockchain projects in the market today. It solves the whole issue of scalability that platform blockchains are struggling to resolve. Zilliqa does through Sharding, where transactions are broken down into small bits for faster processing. The advanced nature of Zilliqa has not gone unnoticed, as is evident in a recent vote by Nectar, on the tokens to be added next to Ethfnex, a decentralized crypto exchange created by Bitfinex. In this vote, Zilliqa received 17.9 million votes to emerge second. It only came second to WePower (WPR), which received 35 million votes. This vote means that Zilliqa will now be listed on Ethfnex and Bitfinex on the 26th of July.
Investors have taken these news quite positively and Zilliqa is up by more than 4% in the day, and looks set to make some more gains. Actually, it is one of the few major altcoins that are outperforming Bitcoin in the day. This rise in price is driven by the expectation that Zilliqa volumes will surge once it gets listed on Bitfinex. Alongside Binance, Bitfinex is one of the most liquidity crypto exchanges in the world. Therefore, once it lands a spot on Bitfinex, the sudden surge in volumes could see Zilliqa make even higher gains, both at the time of listing and shortly thereafter. It’s even more interesting that this listing is coming at a time when bitcoin is strongly bullish. This means that Zilliqa could easily turn bullish from this point on, and continue to make gains all through the year.
However, it is not just the Bitfinex listing that is giving Zilliqa (ZIL) a boost in value. Its fundamentals also give it a major boost in value. Zilliqa (ZIL)’s highly scalable nature makes it perfect for the development to Dapps that cut across industries. For instance, it can be used in the gaming industry, finance, as well as in the advertising industry. These are multi-billion industries that have the potential to grow the value of Zilliqa (ZIL) if players within them choose to adopt the Zilliqa blockchain. Zilliqa also has its own easy to use programming language known as Scilla. With Scilla, Zilliqa stands to attract more developers to its blockchain, and thereby grow its reach and capacity in the platform blockchains market.
In the near-term, Zilliqa’s value will also be supported by the upcoming main net release in September. As the main net launch date approaches, the value of Zilliqa (ZIL) will gain as investors move to take advantage of its potential pump in price. Besides, with its good fundamentals, the launch of the main net could lead to an explosion of Dapps on Zilliqa thanks to Scilla and the use of Sharding in enabling for scalability.
Therefore, Zilliqa is probably one of the best altcoins to invest in at this point. It has all the indications of a crypto about to moon!