The development of the Zilliqa software aims to use incentives to encourage a globally distributed network of computers to operate a blockchain platform. Particularly, a blockchain platform with ambitions to increase scalability through sharding. Let’s see in detail some aspects that investors consider important, for example, is Zilliqa a good investment? Let’s look at Zilliqa price predictions such as Zilliqa price prediction 2022, Zilliqa price prediction 2025, and Zilliqa price prediction 2030. We’ll also guide you where to buy Zilliqa with crypto if you decide it’s a worthwhile investment for you.
Table of contents
What is Zilliqa Cryptocurrency?
Zilliqa is a unique project renowned because of its sharding process, which aims to provide solutions to blockchain scalability and speed problems (as a second-layer scaling solution). Zilliqa as a public permissionless blockchain is developed to provide users with high throughput, capable of processing thousands of transactions per second.
Ever since its launch, Zilliqa is known to host many DApps. It further introduced staking and yield farming in October 2021. Prior to its test net launch in March 2018, Zilliqa development had been initiated officially earlier in June 2017.
Finally, in June 2019, Zilliqa officially launched its main net with its native utility token ZIL coin into operation. ZIL coin is used to process transactions on the network and execute smart contracts.
The way the Zilliqa network works
Zilliqa’s ecosystem possesses features common to most blockchains such as smart contracting, transaction settlement, and token issuance. At the same time, the Developers can utilize its proprietary language “Scilla”. Its function is to execute custom Smart contracts and design DApps with a variety of products and services.
In comparison to other prominent projects like Ethereum and Tron, Zilliqa aims to promote and grow an ecosystem of DApps and cryptocurrencies. However, Zilliqa utilizes the sharding process to categorize its infrastructures and ecosystem into several interconnected blockchains to support more transactions.
Sharding
Sharding operates by splitting the network into various pieces called Shards, which allows the nodes to solely process a fraction of the network’s transactions. Individually, a sharded blockchain provides their allocated nodes permission to store data, process transactions, and add new blocks to their individual shard chain (Microblocks).
Specific shard chains (Microblocks) are arranged into a transaction block by Directory Service Nodes, which are further added to the Zilliqa blockchain. Furthermore, shard nodes are known to contain a specific subset of the Zilliqa blockchain, which doesn’t store Zilliqa’s entire history.
Practical Byzantine Fault Tolerance (pBFT)
Practical Byzantine Fault Tolerance (pBFT) is central to the governance mechanism of the Zilliqa network. In the sense that it is what keeps the distributed network of computers in sync.
ZIL holders can operate the blockchain and vote on changes via ZIL staking. In short, anyone that possesses ZIL can help run the network.
By utilizing pBFT, it is essential for all nodes assigned to specific shards to finalize an agreement before the completion of a microblock into a transaction block. For every transaction validated, each node is subsequently rewarded with a portion of the block reward.
What was Zilliqa Price Prediction 2021?
According to the news crypto website, their Zilliqa price prediction 2021 shows that the ZIL coin in a bearish market should have ended up with a price of $0.048. However, if the bulls had taken over, they expected the Zilliqa price prediction to break its resistance level of $0.2. Zilliqa did reach $0.07 by the end of 2021, which shows that the price falls within the range predicted for 2021.
Zilliqa Future Price
Talking about the future of Zilliqa, let’s take a quick look at Zilliqa future price. This will give an insight into where the ZIL token goes in the future. Something investors and users will be keen to know.
Zilliqa Price Prediction 2022
Going by the Tech news leader’s analysis, the Zilliqa price prediction 2022 shows that Zilliqa could reach a maximum price of $0.071.
According to Walletinvestor, the ZIL coin could reach a maximum price of $0.132 at the end of 2022. Another site that has a similar prediction to Walletinvestor is GOV Capital, their Zilliqa price prediction for 2022 is a maximum price of $0.102 at the end of the year.
Digital coin price is predicting Zilliqa future price for 2022 to be $0.0595. This is the lowest prediction on the list for Zilliqa price prediction.
Zilliqa Price Prediction 2025
In 2025, GOV Capital is predicting Zilliqa to reach as high as $0.48 by the end of December.
Walletinvestor follows suit with a Zilliqa price prediction 2025 that is as high as $0.364. Meanwhile, according to Pricepredicition.net, their ZIL coin price prediction for 2025 has a maximum price of $0.23.
Digital coin price Zilliqa price prediction 2025 foresees a price of $0.095, which is the least prominent of the forecasts we have seen so far for Zilliqa token in 2025.
Zilliqa price prediction 2030
Going by the analysis done by Tech News Leader, the Zilliqa price prediction 2030 shows that the ZIL coin could reach a maximum price of $1.28 by the end of 2030.
According to Priceprediction.net, the Zilliqa price prediction 2030 indicates that the token could reach a maximum price of $1.45. So, both websites are predicting the ZIL token to cross the 1-dollar mark in 2030 but it will fall short of the two-dollar mark.
Zilliqa price prediction Reddit
Zilliqa price prediction is a popular discussion topic on Reddit. Various users are also dropping their prediction for the ZIL token in 2022. One user called Temporary_Mushroom_8 believes the future of Zilliqa price hinges on the price of BTC. If BTC hits $200,000 to $400,000 then we could easily see ZIL crypto coins reach a price between $3 and $5. However, even other users in the Reddit group see this prediction as way too optimistic.
Another user on Zilliqa price prediction Reddit group, SafeMoonJeff believes the ZIL coin could reach $0.5 by the end of 2022.
Is Zilliqa a good investment?
Bearing the various predictions we have seen so far, it looks like the Zilliqa future price will come out good. This fact tips it to be a sound investment. So is Zilliqa a good investment indeed?
According to Walletinvestor, the ZIL coin represents a profitable investment choice as they see the token as an awesome investment over 1-year. According to their analysis, $100 will get about 2296.812 ZIL going by the current price of $0.0435 as of February 3, 2022. Therefore, by 2027, your $100 investment could be worth $779.31 giving you an expected revenue of +679.31%.
BTC to ZIL or ZIL to BTC: you decide
As far as the future of Zilliqa goes, you can decide to stick to ZIL coin, exchange ZIL to BTC or convert BTC to ZIL coin. That is entirely up to you and what the market says at the moment in time. Here’s how you can exchange your Zilliqa on Swapzone:
- Open the Swapzone website.
- Head on to the select pair tab and choose the type of cryptocurrency and amount you wish to exchange.
- In the “Get Up To” section, select Zilliqa (ZIL).
- Once you enter all the correct details in the tabs, you should now see the exchange rate and the different offers displayed on Swapzone.
- At this point, you can sort out the different offers such as transaction time or price.
- Once you have gone through the offers and found one that you fancy, simply choose it and click on “Exchange”.
- From here, enter your relevant wallet details and click on “Proceed to Exchange”. This will complete the transaction.
- At this point, just wait for the deposit to be processed and the exchange service to complete.
- Once the transaction is complete, rate the exchange partner and leave an honest review. Viola! Your Zilliqa token exchange is complete.
Video guide on Zilliqa exchange
Although we don’t have a video about ZIL to BTC exchange, we have a guide on ETH to ZIL conversion. It works precisely the same way. If you’re a visual learner, this should be of use for you:
