In this guide, we will voice our own and market’s opinion on ZIL future while discussing Zilliqa price forecast for 2021 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like ZIL.
Now, let’s head into it.
Before we delve deep into the Zilliqa price prediction and answer questions if Zilliqa is a good investment or not, why will ZIL succeed or fail or why will ZIL price rise or drop, let’s quickly throw a glance at what is Zilliqa and its to date history.
A Singapore-based project called Zilliqa is strong contender for tackling the problem of scalability, and has quickly established itself as one of the hottest coins of 2018. Then they went under the radar, mostly due to their own fault and missed deadlines.
The primary strength that Zilliqa brings to the table is that it is one of the first projects to successfully harness the power of sharding as a scaling solution. While other projects (including Ethereum) are planning to implement sharding, Zilliqa was among the first to demonstrate that it can really work.
Zilliqa is not just some generic fork like many other altcoins; this is a team that tries to really build something: Scilla programming language and sharding are best proofs for that. For this reason, Zilliqa deserves props up from the whole crypto community.
Read also: What are the best hardware wallets?
Top 3 coins for huge ROI in 2021?
If you would have bet on the right coins last year you could easily have 10xed your capital…
You could even have made as much as 100x which means you could have turned $100 into as much as 10k.
Experts believe this will happen again in 2021, the only question is which coin do you bet on?
My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in 2021.
Click here to learn what these coins are (watch till the end of the presentation).
Our ZIL Price Prediction 2021
All crypto fans and holders have been enjoying the last couple of months of 2020 and the start of 2021. Bitcoin smashed all resistance levels and kept setting new all time highs.
All altcoins followed suit and their value in dollars skyrocketed. Additionally, there were a couple of short but very profitable altcoins bull seasons that saw new and old altcoins surging, bursting through old all-time high records and setting new milestones.
Zilliqa was one of those altcoins that had its five minutes of fame where it outperformed bitcoin and the rest of the market by a lot.
Is that growth sustainable and can Zilliqa reach new all time highs in 2021 is the question on mind of every current and potential ZIL holder.
Odds are that bitcoin is not yet done with rampaging the bears, which consequently means that altcoins are set to see more bull runs in 2021.
Should this be the case (we firmly believe that), Zilliqa`s current all time high is only a temporary stop station.
Ziliqa is bound to succeed, especially if we consider Zilliqa’s fundamentals: the project has seen huge improvements on technological front, community growth was explosive, liquidity is abundant, real-world adoption (outside of crypto circles) is nearing, there were no major setbacks (no code deficiencies and exploitations, no conceptual flaws in its design, no team disputes or divisions etc).
The only dilemma is when will Zillliqa shine in full form – will it be in 2021 or will investors need to be armed with more patience. First part of 2021 was great for holders and offered us a glimpse into Zilliqa’s ability to create shockwaves through the crypto world and beyond.
Read our updated review of Binance here.
The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ZIL be among those 5%?
It is more than plausible. But Zilliqa will live and die by the sharding.
Sharding technology is of high importance, not only for Zilliqa, but for the whole cryptocurrency industry. Should this scaling solution proves its value on Zilliqa’s blockchain, it can be implemented on other networks which would lead to a huge breakthrough on one of the biggest painpoints of the whole crypto world.
Some the upgrades Ziliqa achieved more recently:
The Governance Portal launched (as expected) in January. gZil will play an important role with the launch and incorporation of Pillar Protocol. Pillar Protocol will be implemented and used for stable coin issuance and will enable lending/liquidity providing as well. That protocol is planned for release around June 2021 or thereabouts. Lets not get hung up on the month of release as it could end up taking 1-2 more months past that. Who knows, but it will be launched thereabouts. Why does Pillar Protocol matter? It will further launch the Zilliqa blockchain into the stable coin market (beyond the already launched XGSD via Xfers) in a significant way and provide that additional use case for assets to be used as collateral for lending.
Launched ZilSwap: Launched end of last year in partnership with Switcheo. ZWAP token now live as of February 2021. Decentralised Exchange (DEX) powered by Zilliqa. The native ZWAP token launched 3 February 2021, to enable community decentralisation of management of the protocol and DEX. So why does ZilSwap matter for the Zilliqa blockchain? You can use ZilSwap to trade and provide liquidity/lending for assets.
A listing on one of the major US exchanges like Coinbase or Kraken would make Ziliqa go ballistic.
Why will Zilliqa succeed?
Why will Zilliqa fail?
Can Zilliqa reach $1 or even $10?
Is Zilliqa dead?
Read our updated guide on what to mine these days.
Market prediction for Zilliqa price 2021
With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.
Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Zilliqa (ZIL) price, which will give us another point of view to consider:
Trading Beasts is a machine powered algorithm that predicted the price of Zilliqa for 5 years time frame. They have mentioned that by 2021 end, ZIL might reach $0.29, by 2021, they might reach $1.15 and by 2022, it might even touch 5 USD mark.
Wallet Investor is traditionally taking optimistic predictions and believes that ZIL might go up to $0.29.
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Realistic Zilliqa (ZIL) Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com