Bitcoin (BTC) tested its lowest value this year on the 29th of June. During this period, the total market cap of the entire digital currency market also plunged lower and tested a new low of $232 billion. However, these levels have been revived and the current market cap of the entire digital currency market is now close to $290 billion. Bitcoin has also amassed enough momentum, and it is now trading close to the $7k mark.
The reason for this briefing is that Zilliqa (ZIL) is also at its lowest levels. This is one of the major reasons why you should invest in the coin now. The digital currency will not be at this point for a long time, as it also follows the trend of Bitcoin (BTC) which is presently amassing momentum to skyrocket.
Zilliqa (ZIL) Price Today – ZIL / USD
At the time of writing, the digital currency is trading at $0.056 – which is even lower than the low it tested early last month (which is $0.060). The market cap of the digital currency has also dropped to $428.32 million and its trading volume over the past twenty-four hours is $12.62 million.
With the current value of the coin, there is no better time to invest in the coin than now, as the value of the coin will increase significantly once Bitcoin starts correcting higher.
Another reason why you should invest in the coin is the present progress showcased by the blockchain project. The team behind the project have redesigned the website of the project and launched the second version of the testnet which enables developers to test the Scilla programming language. The latest Testnet can handle about 2,828 transactions per second – and this is considerably higher than that of Tron (TRX).
This means that after the Mainnet of Zilliqa (ZIL) is launched, chances are it will edge out Tron (TRX) as the number one choice for smart contracts and Dapps. Hence, this is the best time to invest in the coin.