Is Choosing to Invest in Zilliqa (ZIL) A Good Choice?
These days, some crypto enthusiasts are considering the idea to invest in Zilliqa (ZIL), and that is not a bad idea. Many reports suggest that investing your digital assets in Zilliqa (ZIL) offers many potentials and good benefits.
However, as how other cryptocurrency investments work in the market, choosing to invest in Zilliqa (ZIL) still requires caution and consideration. One thing you have to prepare, surely to learn all information about Zilliqa (ZIL), from what it is, the way to acquire it, to its benefits and risks that may be involved.
So, let’s start with the basic.
What is Zilliqa?
Zilliqa (ZIL) is an open-source blockchain project designed to scale easily and securely while keeping your network always open, distributed, and permission-free. To achieve the scalability it aims to offer, it focuses on fragmentation. Your network is divided into several networks of smaller components called fragments. These chunks are capable of processing transactions in parallel. Furthermore, the platform is geared towards enabling secure and data-driven dApps, while meeting scaling requirements for financial algorithms and machine learning.
The platform allows 2,500 transactions per second in a completely secure way. And this number will increase as the number of nodes in the network increases. Despite being faster than other projects, it will use a protocol somewhat similar to that of others such as Bitcoin. Instead of the Proof-of-Work (PoW) consensus of how Bitcoin will use a hybrid Proof-of-Work.
The platform’s native token is called ZIL and similar to other dApps platforms (such as Ethereum or NEO) the ZIL token serves as a mining, gas incentive for contract execution, and to pay transaction fees. It was initially launched as an ERC-20 token pending the launch of its mainnet.
An Initial Coin Offering (ICO) was carried out in December 27, 2017, and concluded on January 4, 2018, with a total supply of 21,000,000,000 tokens. 30% of the total supply was sold during the ICO, with which they managed to raise $22,000,000 in ETH. Another 30% was set aside for the development team and the remaining 40% was earmarked for mining rewards. Investing in Zilliqa was a wise choice for all who took part in its ICO.
A short history of Zilliqa (ZIL)
Like the other tokens in the crypto ecosystem, ZIL is part of the cryptocurrency market and is listed in different currencies. ZIL has been traded in AUD since 2018, the year in which it curiously reached its highest point, reaching AUD 0.2599 in May. At this point, the uptrend that Bitcoin had started along with other cryptocurrencies such as ETH, LTC and BCH had already come to an end and prices were already plummeting, so investors considered investing in other tokens as a method of relief.
After reaching its highest peak, ZIL began to slowly decline in a downtrend that would last for a year, until its price lateralization in 2019 when a range was established between $0.0133 and $0.007. The price of ZIL remained stable at these levels until the beginning of 2020, when the price began to fluctuate again and rise in value from $0.015 in April to $0.03 today.
In perfect accordance with the latest trends in the crypto market (which have been bullish), the price of ZIL is increasing and will seek higher resistance levels in an attempt to visit price zones already experienced in the past. This makes an excellent time to acquire ZIL tokens because we have already received confirmation of upward movements. If someone invested AUD 1000 in ZIL right now, they would get about 33,333 tokens, which would be worth $8,663 if the price reaches the levels already experienced in 2018 ($0.2599).
One of the reasons why choosing to invest in Zilliqa is promising at this time is because it is protected by a market trend that leads investors to buy multiple cryptocurrencies and by a level of support that will hardly be exceeded, especially since it is part of a ZIL price minimum. Furthermore, considering that today crypto adoption has increased notably and new blockchain-based projects are emerging, a lot of capital has entered the cryptocurrency market and will continue to enter.
Why we should invest in Zilliqa (ZIL)
- The blockchain through which Zilliqa operates is undoubtedly one of the most advanced and scalable in the crypto ecosystem, and it is that the team responsible for its development made sure that this was the case. In fact, this cryptocurrency has flowed so well within this space that it was launched without delay and meeting all the expectations of its ICO. It is a very decent project, simply put.
- The Zilliqa work team is solid and they have known how to work wisely through an organizational structure that manages to provide confidence to potential investors. If a project is well done it will be attractive to the public, especially if it is as innovative as the Zilliqa platform and its ZIL token have been.
- Zilliqa came up with one of the most innovative proposals in the entire world for blockchain technology and crypto. The sharding and the possibility of a language of its own to develop the project makes this cryptocurrency one of the jewels of the market, thus giving it an excellent futuristic panorama with possible new integrations and adoptions. In addition, we must emphasize that Zilliqa is still in its initial stages, since it is just over a couple of years since its creation, so it still has a long way to go to continue growing.
How to buy Zilliqa (ZIL) in Australia
Investing in Zilliqa and other cryptocurrencies is extremely easy in Australia, although it depends on how you want to use it. For example, if you want to use Zilliqa for trading purposes, you will have to look for a platform that supports ZIL as part of its trading pairs, which is not very common as ZIL is not volatile enough to form large profit margins. with perpetual contracts.
However, if you want to buy ZIL as an investment, you can use a local exchange platform where you can purchase the tokens you want and store them in a personal wallet. In this way, you will be able to make transactions with your ZIL tokens and take advantage of its technology or simply save them to wait for their value to increase.
Easy Crypto Australia (AU) is one of the best options to buy ZIL and other cryptocurrencies in Australia, as it allows trading a considerable list of tokens and direct purchases with AUD. After registering you will have to verify your account with a KYC process and you can proceed to make bank wire transfers and deposits in BTC (or another cryptocurrency) for your future purchases.