Zilliqa Price Sees 7% Increase, Has ZIL Finally Defeated The Bears?

Since Zilliqa launched its mainnet two months ago there hasn’t been any comprehensive stress test. Hence, Ziliqa developers can’t really give a definite answer regarding how many transactions the network can handle for now. Xinshu Dong, the CEO of Ziliqa, estimates that the crypto network is capable of handling thousands of transactions in one second. Claims like this according to our Zilliqa news today has helped to push the price of Zilliqa forward. However, remember that such type of claims is common among crypto projects.

Zilliqa Price Prediction: The Price of Zilliqa Has Seen Fluctuations in Recent Months

Currently, the project is in the phase of seeking strong partners that will help with the adoption of Ziliqa. ICOs, the tokenization of assets, games and the creation of useful apps are one condition for this. If Ziliqa is really capable of handling as many tasks as it claims, it has good arguments for strong developers and businesses to build on Ziliqa.

As of May 7, the price of Zilliqa was $0.016945. It was up by 7.26% from its last closing price. The market cap of Zilliqa as of May 7, was $147,713,186, with a 24 hour volume of $22,907,113 and ROI of – 87.57%. Zilliqa is number 47 among the top cryptos. According to data given by coin market cap, the lowest level of the price of price in the last 24 hours was $0.015414. Now the price of Zilliqa is trading at $0.016754 as of press time.

As of April 7, the price of Zilliqa was $0.025303. The downward movement over the last month reached 33.03%. In 2018 the price of Zilliqa suffered during the bearish season. As a new digital asset, the price of Zilliqa is gradually going upwards with short fluctuations observed in regular breaks.

Zilliqa Price Prediction: Short-term Prediction for the Price of Zilliqa

Zilliqa has managed to hold its own against other Blockchain bigwigs. The coin has been exploring investments and partnerships with key players like Uber and SpaceX. One major partnership that has drawn attention is the deal with Majcoin. This deal has brought in many customers and investors for the Zilliqa.

The Zilliqa team has engaged in giving grants to fresh projects with potential in a bid to ensure that Zilliqa’s fortune reaches a new level. The better transaction speed and Sharding technology common to Zilliqa is a plus for the price of Zilliqa. The collaboration with major ventures will help strengthen the market position of the asset class and increase the price of Zilliqa.

Zilliqa Price Prediction: The Price of Zilliqa is Bearish in the Short-term Going Forward

The short term outlook for the price of Zilliqa looks bleak as the digital asset is in bearish territory. For the long-term, the price of Zilliqa may bounce because of its strong technology and collaborations. The price of Zilliqa is expected to reach $0.5 by year-end. The CEO of the project believes Zilliqa will reach new heights in the coming months. The news around Zilliqa in recent weeks has been positive. With this in mind, experts are hopeful that the price of Zilliqa will show promise in the long-term.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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