When we jump into the market, bitcoin continues to do its crazy and amazing thing and its hitting new ATH. It is also consolidating as well it on the surface level right now testing those new highs and that capital flowing in bitcoin might be put into the rest of the Altcoin which thereby brought in some amazing investment returns.
Do you sense XRP, Ethereum, Litecoin and others will also hit more ATH? I feel we are going to see some amazing price action in the next few weeks from now if we see that capital flow from bitcoin into the Altcoin and there is possibility ETH might hit $800 by the end of this year.
Recently, I fell in love with a coin called Zilliqa. Do you asked what about it?
Zilliqa is an interesting project and seeing through the tokenization through fundamental and technical analysis, it will interest you to follow this short analysis for your consideration.
The tokenomics of Zilliqa is trading above 0.049$ and its marketcap is above half a billion and the volume is looking healthy when considering the circulating supply and its total supply of about 14 billion with over 10 billion in circulation already it revealed a great potential within the tokenomics of Zilliqa . The maximum supply of the coin is 21 billion.
One key area Zilliqa aim to solve is a thing called bloating using Sharding method.
Knowing that a lot of people are transacting on blockchain and the idea of transferring of money from one place to other becomes obsolete so quickly since crypto aim to solve that issue of moving money from A to B very quickly if a lot of people are transacting from a blockchain, it will definitely cause so many pending transactions
Now, think of a lot of people using bitcoin or the Ethereum blockchain itself and with the popularity the truth of the matter is, there is huge volume that causes pending transactions and this makes people think of using Zilliqa blockchain which aim is to solve the problem by splitting up its blockchain into infinite amounts and can allow the system run essentially in theory of an infinite amount of transactions that allows many people transacting on the blockchain without any downtime. When you look at the maximum supply of the ZIL has a great scalability and great opportunity to grow and that's why I'm now a fan of this coin as its going into different things originated from Singapore, if you get the fundamental behind the project, you look at the team, whitepaper, roadmap, and where and who they are partnered with, these are the key things that I like looking at for before a proceed with any project and where I think a project could go.
An article about the DeFi hype and upcoming mainnet upgrade backs Zillqa 69% rally, and with big hype around DeFi this year have seen, sharks are taking advantage of the hype and we've seen a lot as well with many scammers out there trying to take advantage of that also, you need to separate the good from the bad and Zilliqa is one of the good and they are trying to be the forefront of making sure DeFi is implemented correctly and properly and its done well which is really interesting. When you check out this article Singapore's regulated digital asset custodian propine develops asset tokenization, compliance solutions on Zilliqa, it revealed there are a lot of companies in Singapore getting involve in Zilliqa to see what they can offer them. Also in gaming industries, they are getting involved also tokenizing potentially country currencies, which Singapore currency might be run on Zillqa blockchain itself. Considering Singapore dollar transaction on Zillqa blockchain, it will be an interesting thing, and the more adoption it has, the more people are using Zilliqa and its blockchain, this will convert Zilliqa price into positive price action in the future (My opinion). Again, Zilliqa staking goes live on Frontier.. What an amazing thing!
In my next article I will analyze $1 price action
Take a moment to study the project and the token!
https://www.zilliqa.com/
I am not a financial advisor, so every information here is a personal view based on news around the project.
