Zilliqa Price Prediction 2020 | 2025 | 2030 – Future Forecast For ZIL Price

2019-12-15 22:37

Zilliqa Intro

A Singapore-based project called Zilliqa is strong contender for tackling the problem of scalability, and has quickly established itself as one of the hottest coins of 2018. Then they went under the radar, mostly due to their own fault and missed deadlines.

The primary strength that Zilliqa brings to the table is that it is one of the first projects to successfully harness the power of sharding as a scaling solution. While other projects (including Ethereum) are planning to implement sharding, Zilliqa was among the first to demonstrate that it can really work.

Zilliqa is not just some generic fork like many other altcoins; this is a team that tries to really build something: Scilla programming language and sharding are best proofs for that. For this reason, Zilliqa deserves props up from the whole crypto community.

Year in Review

In 2018 Zilliqa completed the major building blocks of a sharding blockchain, including launching the Mao Shan Wang public testnet with external miners. They also designed and implemented Scilla, a new secure-by-design smart contract language.

Beyond the technology, Zilliqa team has also actively been engaging with industry partners and the wider blockchain ecosystem. They have been working with Mindshare on Project Proton, to demonstrate how Zilliqa’s blockchain protocol can address some of the challenges in programmatic advertising, such as settlements and transparency. They also launched the #BuildonZIL Ecosystem Grant Programme this year to support developers in growing our ecosystem.

The second part of the year was marked with the long-awaited mainnet launch that finally happened on January 31st of 2019.

Zilliqa (ZIL) Roadmap for 2019

The Zilliqa Mainnet is currently in bootstrap phase, whereby no transactions of value can be processed, so that ZIL can increase the hashing power necessary to properly secure the network.

Mining on Zilliqa is now open to the public and is showing a healthy geographic distribution around the world. One of the features of Zilliqa is that you can dual-mine on our network alongside Ethereum.

As the mainnet reaches full power stage Zilliqa will begin testing some of the flagship applications that will run on their network, namely Project Proton and the recently announced Hg Exchange.

Our ZIL Price Prediction for 2019

ZIL, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ZIL can hope for one as well. Since that is very unlikely, don’t expect much to change for ZIL price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.

Read our updated review of Binance here.

In general:

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

When Bitcoin goes up swiftly, it will likely:

Suppress or depress altcoins as money flows into Bitcoin;Or, take altcoins along for the ride

In cases when Bitcoin plunges, it will likely:

Depress altcoins as money flows into fiat;Or, cause altcoins  to boom as money flows into them, but this is rarely the case.

When Bitcoin moves sideways, it will likely:

Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.

To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ZIL be among those 5%?

It is more than plausible. But Zilliqa will live and die by the sharding.

Sharding technology is of high importance, not only for Zilliqa, but for the whole cryptocurrency industry. Should this scaling solution proves its value on Zilliqa’s blockchain, it can be implemented on other networks which would lead to a huge breakthrough on one of the biggest painpoints of the whole crypto world.

Why will Zilliqa succeed?

Why will Zilliqa go up and rise is a very common question among the holders or potential buyers.

There is one main reason, one main avenue for ZIL to reach its goal and that is their scalability solution the so called sharding. If they manage to pull it off and implement it on a large scale, that will surely launch the project and its token to a new level.

Zilliqa is the worlds first public, permission-less blockchain that has successfully implemented sharding to scale to thousands of transactions per second. If a blockchain can, in fact, handle 2500 TPS to 10,000 TPS, we can see actual real-world use cases tested on blockchains. If Zilliqa can prove it’s technology with some real word enterprise applications, Zilliqa could become the de facto backbone for enterprise blockchain use.

Why will Zilliqa fail?

Small warchest to fund their roadmap, team fatigue or infights or rogue member that could disrupt the development are all possibilities that could lead to Zilliqa failure. There are no signs of any of these threats to materialize at the present time, however, other crypto projects taught us that anything that could go wrong with them, went wrong.

Can Zilliqa reach $1 or even $10?

That is highly doubtful, at least for the foreseeable future, because of the unfavorable tokenomics. Zilliqa has only issued 41% of its token supply and has a yearly inflation of 27% which puts it among the more inflationary projects at the moment. If Zilliqa were to reach $1, that would mean it has a $9 billion market cap under the current supply, that still has 2.5x to grow to reach total supply. Meaning, Zilliqa would have a total market cap of $23.5 billion if it were to reach $1. To talk about $10 per Zil is nonsensical.

Is Zilliqa dead?

No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that ZIL is far from a dead project.

All of this summed up means one thing: ZIL might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market. 

Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect ZIL will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.

Read our updated guide on what to mine these days.

Market prediction for Zilliqa price 2019

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Zilliqa (ZIL) price, which will give us another point of view to consider:

Bein In Crypto

Bein in crypto is a crypto blog that predicts Zilliqa might reach $0.09 in 2019, which is the best case scenario and $0.02 as the worst case scenario. They even mentioned that in 5 years, ZIL might even reach $0.19.

Global Coin Report

Global Coin Report, another crypto news and opinion website, is very bullish on Zilliqa because of its technological mastery and predicts that by the end of 2019, it might touch even 1 USD.

Trading Beasts

Trading Beasts is a machine powered algorithm that predicted the price of Zilliqa for 5 years time frame. They have mentioned that by 2019 end, ZIL might reach $0.16, by 2020, they might reach $1.15 and by 2022, it might even touch 5 USD mark.

Wallet Investor

Wallet Investor is traditionally taking conservative predictions and believes that ZIL might go down to $0.00373.

Zilliqa (ZIL) Future: 2020, 2023, 2025Zilliqa (ZIL) Price Prediction 2020So much of Zilliqa’s destiny is pinned on sharding’s success of failure. Should sharding work like advertised, in 2020 Zilliqa could potentially eclipse its all time high of $0.23Zilliqa (ZIL) Price Prediction 2023If ZIL maintains its relevance in the industry and manages to keep up the pace with their competition, it might be worth 10-100x than its hitherto all time high.Zilliqa (ZIL) Price Prediction 2025Again, If ZIL maintains its relevance in the industry and manages to keep up the pace with their competition, it will surely be 100x+ more worth than now.Realistic Zilliqa (ZIL) Price Prediction Predicting prices of novel, highly volatile and risky asset classes is a thankless task – best answer is no one knows. Educated guess is that realistic ZIL price for the foreseeable future is somewhere between its current price and its all time high.

The post Zilliqa Price Prediction 2020 | 2025 | 2030 – Future Forecast For ZIL Price appeared first on CaptainAltcoin.

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