Zilliqa (ZIL) Price Prediction 2021 to 2025 | What is Zilliqa | How to Buy & Store Zilliqa
If you are into altcoins like Zilliqa for long term, it is important to learn about the project and know Zilliqa price prediction for 2021 to 2030. Learning will boost your confidence in holding the project for longer duration. First let us learn, what is Zilliqa?
Zilliqa is a public blockchain network that is decentralized with a code base that is open sourced. It is a distributed network that utilizes sharding where scalability on the network is grown organically as the user base increases steadily.
The blockchain was launched in late 2017, through an Initial Coin Offering (ICO) and a public offering in January 2018 for its native digital tokens, the ZIL tokens. It was found by a group in the Computer Science Lab belonging to the National University of Singapore. It was developed based on a paper created by Lui Loo, the cofounder of Kyber Network.
Zilliqa Website, Ticker, Current and Total Supply
|Type||Platform, Smart Contract|
|Where to Stake?||CEX|
Zilliqa Team: Who are they?
The core team of Zilliqa consists of Xinshu Dong, the Chief Executive Officer (CEO), Prateek Saxena, the Chief Scientific Advisor and Amrit Kumar, the crypto lead.
The advisory board of the blockchain includes Lui Loo, Alexander Lipton and Stuart Prior.
Zilliqa claims to be “The world’s first high-throughput public blockchain platform”.
It is the only blockchain network that relies entirely on sharding where the network is divided into smaller groups of consensus known as shards, each shard has the capacity to perform parallel tasks.
Zilliqa can provide a platform that supports smart contracts which is scalable linearly with zero need to compromise on the typical core values of blockchains like high levels of security or decentralization.
What are ZIL Tokens and its uses?
The native crypto token of the Zilliqa blockchain network is ZIL tokens. It is an utility token which can be utilized for:
- carriage of value across several networks as a form of currency for payments.
- ZIL tokens are used for the network’s gas fees and for the execution of smart contracts.
- ZIL tokens serve as incentives for miners who mine Proof of Work (PoW) blocks for the blockchain network.
ZIL token holders can stake their tokens within the ecosystem to earn passive income. The tokens are also essential for the blockchain network’s governance.
How to purchase Zilliqa?
Some of the popular crypto exchanges to purchase ZIL tokens from are:
|Trade ZIL with INR||WazirX|
|Trade ZIL with BTC/USDT||Binance|
|Trade ZIL with BNB, BUSD||PanCakeSwap|
Where to Store ZIL tokens safely?
Coinomi, MetaMask, MyEtherWallet are a few online crypto wallets and Trezor, Nano Ledger are hardware wallets which support ZIL tokens. The network has plans to release its native wallet as well that is currently under development.
ZIL Tokens Supply, Circulation and MarketCap, ATH Price
The maximum supply of ZIL tokens are 21,000,000,000 tokens and the current total supply is 14,828,523,186 tokens.
At the time of writing this article, a total of 11.54 billion ZIL tokens was in circulation.
The market cap is $866,377,739 USD and 1 ZIL token is equivalent to $0.0751 USD at the time of writing this article.
ZIL tokens were initially created as ERC-20 tokens which run on the Ethereum blockchain, however it was later converted to native tokens and a Token Swap took place to ensure that the ERC-20 tokens of Zilliqa are no longer in circulation.
ZIL ATH Price in USD: 0.25 USD (April 16, 2021)
ZIL ATH Price in INR: 17.76 INR (April 16, 2021)
Zilliqa Price History
The ZIL token has fell and rose up many times like any other crypto in the market. Ever since its inception in January 2018, it’s value steadily increased and reached an all time high of $0.231489 USD on May 10, 2018. However, it quickly fell in to bear market and remained low for the rest of the year.
In the year 2019, on August 21, it’s value hit an all time low of $0.006943 USD. ZIL token holders were happier as it was nearly twice the price of its ICO (Initial Coin Offering) price in January 2018. It unfortunately sunk lower through 2019 till the end.
The ZIL token faced an increase in the year 2020 but that was cut short due to the COVID-19 pandemic and faced an extreme drop in March 2020, like almost every other asset in the market. Its value hit another new all time low at $0.002477 USD on March 13, 2020. Fortunately, two months later the token bounced back on May 11, 2020, with $0.006975 USD for a gain of around 180%. The token fell steadily thereafter, but is trying to pick up the pace from July 2021 (priced at $0.07687 USD at the time of writing this article).
Key Features & Technology behind Zilliqa
ZIL and Sharding
Zilliqa, the blockchain network utilizes solely the sharding architecture where continuity in terms of network growth and utilization of the network in real time results in linear scaling of Zilliqa’s processing capabilities.
The entire blockchain is divided into separate, single shards where each shard processes only a small part of the transactions conducted over the network.
Sharding helps avoid congestion of the network, preventing long period for processing transactions and high fees as well. The architecture is utilized for fueling parallel processing of the transactions.
Dual Blockchain Design
Zilliqa employs a dual layer approach for its design. The first layer is known as the DS, or Directory Service which serves as an elected shard for supervision and management of underlying shards and nodes, it also serves as an aggregator of shards as well as transaction data.
The second layer is known as the TX blockchain where the transactions are processed, validated and the stored transaction data is secured.
Hybrid Proof of Work (PoW) and pBFT
Zilliqa implements a hybrid structure that is a combination of Proof-of-Work (PoW) mining and a Practical Byzantine Fault Tolerance (pBFT) consensus. PoW is highly energy consuming but on this blockchain, it is necessary only for mining and identification of the shards.
The consensus employed is the pBFT (Practical Byzantine Fault Tolerance) algorithm through which the nodes are grouped together with a leading, elected shard that executes transactions and governing decisions.
This is changed on a regular basis to avoid breach of security.
Scilla Smart Contracts Language
Scilla or Smart Contract Intermediate-Level Language is a unique language designed specially for smart contracts by Zilliqa. This provides for better optimization of the blockchain network and improved scalability as well, especially for transactions that require a huge amount of smart contracts such as automated financial processes.
Scilla also offers security through processing and executing smart contracts securely with lesser chances of risks by eliminating potential or identified vulnerabilities at the base language level. Each smart contract is verified by mathematical proofs provided and reviewed by peers.
Zilliqa has also obtained partnerships with several companies such as FBG Capital, a digital asset management firm in the capital market based in blockchain, Global Brain, one of the biggest venture capital (VC) firms in Japan and many more.
Two partnerships resulted in the creation of decentralized applications (dApps) built on the Ziiliqa blockchain network by Unstoppable Domains and Krypton.
Services like digital advertising, customer management, Advertisement solutions and more are offered by Mindshares and Aqilliz (a sister company of Zilliqa) through the blockchain network. Partnerships with Xfers and Hg Exchange has resulted in introduction of new fin-tech solutions in South-East Asia.
ZIL Technical Analysis: Buy, Hold or Sell?
ZIL/BTC Weekly Chart
On the ZIL/BTC Weekly (1W) chart, ZIL looks to be on the sidelines, waiting to be burst. It is just a matter of time before the ZIL stars performing better than BTC.
ZIL/BTC Daily Chart
Like the weekly chart, on ZIL/BTC daily (1D) chart, ZIL also looks to be very close to stable area. And a reversal can be expected soon.
ZIL/USDT Weekly (1W) Chart
On ZIL/USDT (1W) chart, ZIL looks to be on a falling spree. The price fell from 0.25 USD to 0.076 USD. Though it is close to a reversal, I will wait till the reversal is confirmed.
ZIL/USDT Daily Chart
On ZIL/USDT 1D (daily) chart, ZIL looks like there might be a little more fall before it starts going up once again.
ZIL: Should you Buy, Hold or Sell?
ZIL is a good coin to buy and hold. At the current price, I might consider to buy a little and more if the price of ZIL falls. It is a good coin to DCA. I would DCA ZIL only if it drops by 40 percent each time from my buying price. I would only sell ZIL once it goes 3X from my buying price. And, repeat.
Zil Price History: How has ZIL been performing till date?
Recently an unknown Crypto called Zilliqa has been Trending in the crypto market. The ZIL coin has witnessed immense growth over the past years going from $0.01 to $0.10.
Zilliqa is a Blockchain network based in Singapore which aims at transforming digital infrastructure across the world. ZIL is the native token of the platform which is believed to be highly undervalued.
In April 2021, the crypto sphere saw a bullish rise in the price of ZIL which hiked up to $0.23. In the past one year, Zilliqa has given 10X returns to the platform. But, when people got hooked up to this new crypto in April, the prices started going downhill. Within a month, it was recorded at $0.10.
The crypto analysts believe that ZIL could be valued at $0.29 by the end of this year. It is a coin to be bullish on, considering its initial start at $0.01 and then its growth in the market which might soon cross the $0.5 limit.
Is Zil a good investment 2021?
Zilliqa is certainly a good investment, but it is important to buy the bottom, or somewhere near the bottom. Patience is needed. You need to think like a whale. Zilliqa is a good coin to buy and hold patiently. If history is to be believed, we have seen ZIL giving better returns for any patient investors. ZIL is one of the top 100 coins by marketcap and a coin you should have in your portfolio.
Does Zilliqa have a future?
Zilliqa according to me should have a future, unlike shitcoins. The team is very experienced, and they have some great partnerships. They have been into this industry since 2017. ZIL has been coming with a lot of new updates time and again. I like the Zilliqa community. It is said to be one of the true competitors of ETH.
Can Zilliqa reach 1 USD?
Zilliqa can definitely reach 1 USD. But for that to happen, BTC needs to either stay stable or go up from where we are. Zil at the time of writing, is priced at 0.07 USD. It needs to do a little more than 14x to reach 1 USD. It may not happen by 2021 end, but I am hopeful that by 2022 end, we could definitely reach there.
What is Zilliqa Worth in 2025?
Though is just a prediction, ZIL could be worth close to 1.5 USD by the end of 2025, which means Zil could do a 20x from the current price of 0.07 USD.
Forecast: Zilliqa Price Prediction: 2021
I am very positive with the ZIL price for 2021. I think Zilliqa will definitely do good in next 4 to 5 years. Let’s have a look at the possible price action of ZIL from August 2021 to December 2021.
|ZIL Price Prediction
Zilliqa short term price prediction
Zilliqa is expected to touch 0.14 USD by August end, and 0.35 USD by December, 2021. Min expected price for Zilliqa by the end of December, 2021 is expected to be 0.25 USD.
Zilliqa Price Prediction 2021 to 2025
Let us have a look at the ZIL price forecast for year 2021, 2022, 2023, 2024 and 2025.
|ZIL Price Prediction
Zilliqa long term price prediction
Zilliqa is expected to be touch 1.5 USD by 2025, 15x from the current price of 0.11 USD.
Zilliqa is expected to be touch 5 USD by 2028, and 6.5 USD by 2030.
Zilliqa Price Prediction in INR: 2021 to 2025
|ZIL Price Prediction In INR
ZIL Price Prediction 2021: 28 INR max, 3.2 INR min.
Zilliqa Price Forecast for 2022: 36 INR max, 4.8 INR min
Zilliqa price prediction in INR for 2023: 40 INR max, 8 INR min
Zil price in 2024: 80 INR max, 12 INR min
Zilliqa price prediction for 2025: 120 INR max, 40 INR min
ZIL price prediction for 2030: 500 INR max, 250 INR min.
Should You Buy ZIL tokens in 2021?
Future plans of the blockchain network includes non-custodial staking on Zilliqa, as well as ZIL staking rewards, improvisation of the Scilla language, increased support for dApp developers and more.
Governance token farming with the issuance of new gZIL is already live. Zilliqa is moving ahead in the right direction and is establishing itself as a strong network on blockchain. Looking at their plans and how strong ZIL is, I think ZIL is definitely a good buy in 2021.
Disclaimer: This article on ZIlliqa Price Prediction 2021, 2022, 2023, 2024, 2025 has been predicted by our system. This, by any means is not to be considered while trading. This is only for education. Please do your own research before investing in ZIL.