For Zilliqa to reach $100, it would need to increase by a factor of 5000. At $100, Zilliqa’s Market Cap will be $1.7 Trillion. If Zilliqa were to grow at a rate of 25% each year, it would take about 39 years to reach $100. Let us evaluate this data
Considering the criteria Quality of Investment, growth required, and time required, Zilliqa has very little chance to reach $100.
Last 7 Days | -11.4% |
Last 1 Month | -24.4% |
Last 12 Months | -27.6% |
Yes, Zilliqa can reach $10 if 75-90% of the Tokens are Destroyed
For Zilliqa to reach $10, it would need to increase by a factor of 500. At $10, Zilliqa’s Market Cap will be $173.6 billion. If Zilliqa were to grow at a rate of 25% each year, it would take about 28 years to reach $10. Let us evaluate this data
Considering the criteria Quality of Investment, growth required, and time required, Zilliqa has no chance of reaching $10.
UTC: Feb 26th, 2024 06:07 AM
UTC: Feb 26th, 2024 03:43 AM
Overall Outlook | Partially Bullish |
1. Market’s Wisdom | Bullish |
1a. Market Data | Partially Bullish |
1b. Technical Recommendation | Buy |
2. Crowd’s Wisdom | Neutral |
2a. Social Media Buzz | Steady |
2b. Social Media Sentiment | Steady |
Will Zilliqa reach $1?
Zilliqa, also known as ZIL, is a blockchain platform that seeks to improve scalability through sharding. Zilliqa uses a sharding process that splits its infrastructure into several interconnected blockchains to support more transactions. Zilliqa uses a combination of practical Byzantine fault tolerance (pBFT) and proof of work. To differentiate itself, Zilliqa launched Scilla, a native programming language that enables developers to write and launch customizable Dapps. Zilliqa can handle 2,828 transactions per second.
Zilliqa’s ecosystem boasts impressive statistics. With over 6.4 million transactions and a network of 2,400 nodes, it demonstrates high activity and decentralization. Additionally, $132.18 million is locked in staking, representing 33.04% of the circulating supply. With a competitive APR of 13.03%, Zilliqa offers a compelling ecosystem for users and stakers alike.
Zilliqa Ecosystem
Notable projects include Pillar Protocol, a collateral-backed stablecoin soft pegged to USD, and Cerchia, a decentralized marketplace for parametric event risk payouts using smart contracts and oracles. Other DeFi applications on Zilliqa include Carbon, a suite of dApps, Chainlink, an open-source oracle network, and Depos, a USD-pegged stablecoin. Others Include
Google Cloud and Zilliqa Group have announced a strategic alliance, with Google Cloud becoming a Staked Seed Node (SSN) operator on the Zilliqa network. This partnership aims to bolster the Zilliqa network’s resilience and enhance its platform for Web3 services and decentralized applications. In addition, Zilliqa will leverage Google Cloud’s advanced tools and services, such as the Google Kubernetes Engine (GKE) and BigQuery, to improve its blockchain efficiency, scalability, and data accessibility.
Zilliqa’s native cryptocurrency is the ZIL token
Given the intense competition, ZIL has been a moderate case for Investment. This could change if upgrades help ZIL gain customers and partners.
Zilliqa can be very easily bought on crypto exchanges such as Indodax, Binance US, Bibox and ApolloX.
Zilliqa is a platform and software that incentivizes a network of computers for the purpose of increasing scalability through sharding. The platform is used by the developers to execute smart contracts and host dApps.
Zilliqa coin (ZIL) is the native cryptocurrency of the Zilliqa blockchain which is used for executing smart contracts and as a reward for staking.
Zilliqa needs to grow by 4,761 times to reach $100, keeping in mind its current market price of $0.021.
It took ZIL 29 months to reach its all-time high price of $0.22 in May 2021, where it grew by 12.94 times. Therefore, it at least 889 years to reach the $100 mark, meaning that it is practically impossible for Zilliqa to reach $100.
Read about AVAX Price Prediction and Trust Wallet Token Price Prediction
Investing in cryptos is a long-term game. Zilliqa will not make you rich if you are thinking of a short-term investment. To make a fortune out of ZIL coin investment, an investor needs to have a long-term plan.
Also Read | SOL Solana Price Prediction And Forecast
Note: collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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