Zilliqa Price Analysis and Prediction - "Will the Zilliqa team deliver on their tech and main net?"
What is Zilliqa
Zilliqa's primary focus is to solve the scalability problems that most of the current cryptocurrencies face right now or will have to face in the near future. Zilliqa managed to achieve a great scalability by introducing a feature of sharding, which refers to dividing the blockchain network into smaller "subnetworks" that can process transactions at the same time. Ideally, the developers want to provide transaction processing speeds of VISA and MasterCard, yet with much lower fees and on a decentralized network.
ZIL Price Movement Analysis
A short look at the price charts of Zilliqa in last 5 days, clearly shows that there is a positive uptrend, as the chart is confidently going in a crosswise direction. ZIL got from $0.033 on August 22nd to $0.4 on August 26th. It then dropped slightly down to $0.0386, however recovered very quickly back to the $0.4 region and used the bounce to go even further up. It seems to have found a temporarily stable ground at $0.42 as it changed into more sideways movements, trading without any significant fluctuations for a whole day.
ZIL Price Prediction
One of the reddit users has recently asked a question on Zilliqa subreddit if he should buy the coins now. The sole question is rather unanswerable, as no one can clearly say what coins should be bought, especially currently with the whole market changing growth pace and top cryptocurrencies prices very often. However, one of the answers could give a bit of an insight into what the potential Zilliqa investor should keep an eye on.
AsStroMaxim wrote: "As we all know, the market is crashing right now and some of our favorite alt-coins are reaching ATLs since launching [...] Eventually, many of these projects will emerge with products, dApps, and some form of utility for regular people and enterprises alike. Until these events unfold, the prices will likely not move up as drastically." He notices that many fresh projects are still relatively in the early stages of the development and have just finished their ICO phases. He also says that the current market lows may put an end to the speculative phase of the cryptocurrencies and the next price movements will be based on the real utility and development of the projects.
With that in mind there may be few things to take into consideration about Zilliqa, as it "has a partnership with Mindshare and is partnered with DELOITTE among other gigantic insurance companies." He also adds that: "With high throughput greater than that of traditional centralized financial competitors and drastically lower settlement fees, Zilliqa can and will emerge as the preferred method for local and cross-border B2B, consumer/vendor, and personal transactions."
AhStroMaxim then tries to answer the question, summing it up to two questions that potential investor should ask himself:
"- Will the Zilliqa team deliver on their tech and main net?
- Will the delivery of the main net be timely?"
ZIL/USD Price Chart, Monday August 27th:
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