Since its inception, Zilliqa (ZIL), a relatively young crypto asset, has seen tremendous volatility. As the first public blockchain platform to successfully leverage sharding as a scaling solution, and with numerous research and development initiatives continuing to strengthen core infrastructure, the start-up has garnered traction in the market.
Before we look at the Zilliqa price prediction, though, let’s take a look at the coin’s historical performance.
Performances From the Past
After its introduction in 2018, Zilliqa experienced a dramatic spike in price. According to CoinMarketCap, the ZIL price rose from $0.04 in early April to $0.20 in early May before falling to a low of $0.014 in mid-December. At its lowest point of $0.004, the ZIL price remained stable throughout 2019 and the first half of 2020.
In March of 2020, ZIL hit an all-time low of $0.002. However, by May, Zilliqa’s price had begun to progressively rise, reaching $0.025 in mid-November and $0.089 towards the end of December
Midway through February 2021, despite a decrease in January, the ZIL price soared to $0.15. After a steady rise over the first four months of the year, the price peaked at $0.26 in early May. By the end of May, the ZIL price had fallen to $0.08. Despite touching lows of $0.05 at the end of July, the ZIL price rose in subsequent months, reaching $0.13 in September. During the latter part of September and the beginning of October, the price fell once more. In late October, the price rose to $0.12. In early November, Zilliqa performed well but it declined again afterwards and was priced at just under $0.09 on 3 December.
On 6 January 2022, the Coin Was Valued at $0.0638
Concluding its end-of-2021 performance, Zilliqa CEO and co-founder Dr Ben Livshits hailed the crypto as having “weathered the storms, and kept creating [its] ecosystem to welcome outstanding DApps that are sure to shift the DeFi needle shortly”.
Zilliqa opened on 1 January 2022 at $0.075 but plummeted to the lows of $0.038 on 24 January. However, there was some rebound and by 9 February, the coin was trading at $0.056, up almost 4 per cent from its previous close. The coin gradually declined throughout February hitting $0.03392 on 24 February. Despite climbing to a $0.04528 high on 1 March, the price subsequently declined to a $0.03823 low on 14 March. The ZIL token rose later on in the month, however, rising to $0.1225 high by 27 March and $0.2281 on 1 April.
As of the 13th of April, the Token’s Value Is $0.1086
ZIL has surged an astonishing 180 per cent in the 30 days leading up to the 13 April, according to CoinGecko.
Zilliqa now has a market worth of $1,373,243,303, with a maximum supply of 21 billion coins and a current circulation of 12.65 billion coins. It is now ranked number 71 by market cap on CoinMarketCap. But how do these data affect a Zilliqa pricing projection for 2022 and beyond?
The 14-page Zilliqa Technical Whitepaper was released on August 10th, 2017 and is available for download from this page. It covers the platform’s sharding architecture and motivations for developing the technology. According to the whitepaper, Zilliqa is “a revolutionary blockchain platform that is built to scale in transaction rates. As the number of miners in Zilliqa increases, its transaction rates are projected to increase as well”.
It goes on to say: “Zilliqa’s design allows its transaction rates to roughly quadruple with every few hundred nodes added to its network.
“The cornerstone of Zilliqa’s design is the idea of sharding – breaking the mining network into smaller consensus groups called shards each capable of processing transactions in parallel.”
Prediction of Zilliqa’s Price by Industry Experts
A word of caution before we get into the predictions: though they have the potential to be beneficial in the short term, projections, especially those for the longer term, can be utterly off the mark.” However, they should be taken into account when determining whether the ZIL price will rise or fall.
Instead of an absolute indicator of what will happen in the future, they should be seen as possibilities. Let’s see what the future holds for the Zilliqa coin now that we’ve established that.
Zil Price Prediction
According to WalletInvestor, Zilliqa will reach $0.134 in a year. ZIL’s price is expected to be $0.1972 in a year and $0.694 in five years, according to Gov. forecast. Capital’s
DigitalCoinPrice thinks that ZIL should be valued at $0.16 in 2023. The average price prediction for 2024 is $0.17. In 2025, Zilliqa’s predicted price is $0.21. A Zilliqa price projection for 2030 remains uncommon.
Re You Familiar With Zilliqa (Zil)?
The most talked about and highly ranked ERC20 token is Zilliqa (ZIL), even though several currencies have entered the highly sought-after crypto market. This was the advent of the year 2017 when the Chief Executive Officer of Zilliqa, Mr Xinshu Dong & his team came up with this wonderful notion of creating this asset. His proposal was supported by his dedicated troupe of advisors and blockchain algorithm professionals that brought this Zilliqa crypto to life. Let’s take a closer look at Zilliqa right now and see what the future holds for this cryptocurrency.
Zilliqa (Zil): Distinctive Traits
A notable quality that jumps out in this protocol is that it ensures liquidity and ensures lightning-fast speed of transactions on the network. This distinguishing characteristic distinguishes it from other Ethereum-based Decentralized Finance protocols and opens up a slew of new mining opportunities. As per the official website, they strive to alter digital infrastructure throughout numerous communities.
Zilliqa’s Predictions Challenged by Experts
While many Cryptogurus have shared their opinion on price prediction (Zilliqa against the US Dollar) galore, not all are alike. While some experts make a positive estimate (Zilliqa price prediction), the others show to be a little cautious in providing you generous liberties:
How Does Zilliqa Work?
Many people believe that Zilliqa’s sharding will make it a worthwhile investment in the future. In well-established blockchains, such as Bitcoin and Ethereum, miners attempt to solve the same set of transactions in a block. Things happen in a logical, sequential order. Sharding, however, breaks a blockchain network into “shards,” each of which solves a section of the block in sync with others.
To put it another way, sharding is like breaking a huge group of individuals up into smaller ones to complete a larger goal. So rather than everyone attempting to do the job all at once, separate groups complete distinct pieces to achieve the assignment. Thus, sharding makes transaction handling much speedier and more effective. A network’s capacity grows in direct proportion to its ability to handle transfers. It’s like having extra subgroups to help you crack a puzzle.
Is Zilliqa a Good Investment 2022?
The ZIL price is currently oscillating around the $0.2 price level. According to our Zilliqa price estimate, its average price in 2022 may wind up being $0.25 — its current ATH.
What Is the Purpose of Zilliqa?
Crypto aficionados have taken notice of Zilliqa’s promise of scalability and adaptability. In the end, this is why so many people think Zilliqa is a wise purchase. Since its initial coin offering (ICO) in 2018, the crypto community has been waiting to see how the Zilliqa network will deliver on the services it has promised.
So, who stands to gain the most from the implementation of Zilliqa? Zilliqa is the first blockchain to support sharding in its manner, leading to scalability, rapid transaction times and minimal fees.
In the middle of the DeFi boom, developers of DApps and smart contracts are growing interested in Zilliqa. By leveraging Scilla — a smart contract intermediate-level language — to develop smart contracts, Zilliqa provides a smart contract language that’s easier to grasp and safer overall, remedying the security weaknesses of other prevalent languages.
Jonathan Herrod is a content writer who enjoys writing about technology, video games, and other topics. The author of informative articles that are well-researched and written with attention to detail has been writing professionally for nearly three years and specializes in the creation of well-researched and written attention to detail articles.