Zilliqa (ZIL) Analysis

Market Cap

$1,901,842,745 USD

Volume (24h)

$209,277,707 USD

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4.9

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Zilliqa Markets Rank: 19/100
Volume Ratio

How actively is this asset being traded on the market?

Zilliqa Volume Ratio Rank: 11/100
Market Cap

The total cost of all coins available.

Zilliqa Market Cap Rank: 99/100
24h Change

Is the price moving up or down?

Zilliqa 24h Change Rank: 45/100
Social Following

How many users are following this coin?

Zilliqa Social Following Rank: 98/100
Google Trends

How many users are searching for the coin?

Zilliqa Google Trends Rank: 29/100
Twitter Citation

How many users are talking about this coin in Twitter?

Zilliqa Twitter Citation Rank: 77/100
User Voting

How popular is this coin among Cointobuy community?

Zilliqa User Voting Rank: 99/100

Zilliqa investment analysis

Zilliqa is a blockchain designed to solve the scalability problems presented in other chains. While many investors thought Ethereum was immune to the transaction clogging issues of Bitcoin they soon found out they were wrong after the Crypto Kitties fiasco. Their platform is capable of transmitting 2.5 ktxs/s verses Ethereum's 7-10 tx/s.

By utilizing something called "sharding" their performance aims to scale with the growth of the network, a serious pain point for cryptocurrency after its massive growth spurt. Their platform also supports Dapps, and they have a proposed fairer mining algorithm in place for miners that will allow individuals to make more money for verifying network transactions. If they succeed, your Zilliqa investment could be a valuable one.

How to buy?

$0.169797

+25.4%

$0.21292

65/4338

by Safety

3223/4338

by Profit

How to buy Zilliqa?

You can buy Zilliqa on several top-level exchanges, but it is notably missing from a few big players which can hurt the overall trading volume of the coin. This token does have the advantage of multiple trading pairs on various exchanges though so if you'd prefer to exchange your Ethereum for it instead of Bitcoin you've got options!

As this is an ERC20 token you can use pretty much any compatible Ethereum wallet to store them as most of these allow for "Ethereum assets" to be stored as well. This can include web wallets like My Ether Wallet or mobile wallets such as Coinomi, which I prefer to use for my assets.

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Those looking to invest in ZIL must ask themselves whether or not this token has the chops to play with the big boys. It's no secret that their target is Ethereum. ETH is a huge player in the cryptocurrency space, and trying to beat them out is a tall order. However, if Ethereum does not fix their scaling issues it's possible!

While ETH has plans to introduce a solution the real question is will they do it before ZIL takes off. That also leaves some wondering if and when ETH fixes their issues, what will be the value of Zilliqa? They don't seem to have much going for them outside of being a better Ethereum, which is great, but could an ETH update erase all of their progress overnight?

Maybe not. I think they're very smart to cater to the miners. These are the biggest cryptocurrency enthusiasts, and if ZIL is going to compensate them better for their work then they will switch to mining their token instead.

This chain is also more energy efficient which is not only a concern for many worried about the environment, but it's also a miner's biggest worry because it's also their biggest expense that significantly cuts into their profit.

ZIL is the first cryptocurrency to introduce sharding. This is a technology that splits the network into several smaller networks. This strategy effectively unclogs the main network to allow many more transactions to be processed per second in parallel. That means that it can potentially support a popular game such as Crypto Kitties better than the eth network can.

More and more of these games will keep popping up, and it's very possible they will move to the ZIL blockchain to avoid the high transaction fees and slow confirmations that these micro transactions are currently getting on the ETH network.

Ironically, ZIL is built on that chain itself, and have somehow upgraded what was already there offering lower fees, faster transactions, and fairer payouts for those who work to secure the network. It seems that they are ticking all the right boxes for success, and I'm pretty bullish on this token.

Zilliqa has an impressive team of developers and advisors from many important sectors such as technology and finance, and they are also constantly working on growing their reach through social media with contests and community involvement. The large circulating supply is my only peeve with this asset as it makes it hard to gain price traction.

However, unlike many tokens where you are buying the possibility of a "product", this asset is working right now. Which is surprisingly rare in cryptocurrency. That makes this little coin a valuable investment prospect for the very near future.

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