PRESS RELEASE. Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is thrilled to announce its strategic partnership with Gravity Team, a leading algorithmic market maker and liquidity provider in the cryptocurrency space. This collaboration is poised to significantly enhance liquidity within the Zilliqa ecosystem, particularly in global and emerging markets, providing investors with increased access […]
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Zilliqa Reappears With Over 5% Gain; Is This A Good Time To Load Your Bags?
- ZIL’s price shows strength for the first time after a long while.
- ZIL bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend.
- The price of ZIL shows bullish signs as the price cracks a 5% gain despite trading below 50 and 200 Exponential Moving Averages (EMA) with good volume.
The price of Zilliqa (ZIL) has been one of the best performances in the early part of the year as many talked so much about its metaverse project “Metapolis” with huge partnerships. The price of Zilliqa at a time complimented the hype around this crypto asset, with the price rallying from a low of .03 to a high of .2 against tether (USDT). Despite the crypto market facing a new drawback as Bitcoin (BTC) price dropped from a region of ,000 to ,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like ZIL showed some strength. (Data from Binance)
Zilliqa (ZIL) Price Analysis On The Weekly Chart
Although the crypto market fell sharply due to the CPI news, the market appeared to be manipulated, with Bitcoin (BTC) dropping from ,200 to ,200 in hours. The market quickly recovered as most altcoins began to show strength, with ZIL attempting to bounce off from its low of .028.
With the recent rise in the value of Bitcoin Dominance (BTC.D) after a long period of decline, it is unclear how long the current price bounce will last. With BTC.D rising, most altcoins will see a price drop when BTC retraces.
ZIL’s price has had a tough time after its launch of Metapolis, with the price hitting a downtrend with no sign of a recovery. The price of ZIL retraced to a low of .029; the price bounced off from this region to a high of .04 but was rejected from this region with no recovery sign on the weekly timeframe.
Weekly resistance for the price of ZIL – .04.
Weekly support for the price of ZIL – .027.
Price Analysis Of ZIL On The Daily (1D) Chart
Daily ZIL Price Chart | Source: ZILUSDT On Tradingview.com
The daily timeframe for the price of ZIL doesn’t look so good as the price has tried on several occasions to break out of the downtrend as the price has formed a downtrend line acting as resistance for ZIL’s price.
ZIL’s price needs to break out of its downtrend with good volume and reclaim the resistance at .035 for the price to have a relief rally. Zilliqa is a good project with a real use case; the current market state has affected the price, but this is a crypto asset with less attention lately.
Daily resistance for the price of ZIL – .035-.04.
Daily support for the price of ZIL – .027.
Featured Image From Cryptonomist, Charts From Tradingview
NewsBTC
What To Stake in 2022: Zilliqa Blockchain in figures
Citing the official crypto developers’ resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm.
The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 – early 2022. Now, the developers aim to implement Proof-Of-Stake between Q1 to Q2 2022. Thus, miners receive extra time to withdraw profit from their GPU, which can adversely affect the availability of GPUs in retail.
However, staking enthusiasts shouldn’t just sit around waiting for this big day. Moreover, this is not the first time Buterin’s team has postponed it. Meantime, we offer one up-and-coming project – Zilliqa.
It is one of the fastest-growing blockchains worldwide that offers its users DeFi and the simplest way to create user-friendly dApps. This is an open and transparent platform with marketplaces where users can mint items and turn them into unchangeable and tamper-proof NFTs. Zilliqa embraces Metapolis, a groundbreaking metaverse-as-a-service (MaaS) platform built on the top of Zilliqa blockchain.
The Zilliqa blockchain is safe and secure. It was developed by the brightest minds and experienced people in the industry. The platform offers lower transaction fees and developer-friendly smart contract language. Its consensus protocol was designed with sustainability in mind. As the network grows, the transaction capacity increases too.
As the Zilliqa blockchain is easy-to-handle, even a beginner can create decentralized apps on top of Zilliqa and take advantage of this blockchain’s benefits. dApps bring business to a brand new level as they open smarter options for creative industries, gaming, banking, etc.
Zilliqa Achievements
In March 2022, the ZIL token became one of the most popular cryptocurrencies, boosting from .045 to .186, which is a 300% growth. On March 31, the growth was fixed at the level of 321%. Amid such rapid growth, ZIL has become an extremely attractive token for miners, and they started to massively join Ezil Pool, which is a number one pool for Zilliqa. The Ezil Pool made it to the top 10 pools in terms of hashrate. It offers several withdrawal methods, which help ETH miners save up to 20%.
Check out the comparison below:
Ethermine | Ezil | |
Fee | 1% | 1% |
Coins | ETH/ETC | ETH/ETC+ZIL |
Reward method | PPLNS | PPLNS, PPS+ |
Payment method | ETH, Polygon | ETH, Polygon, BSC, OEC, HECO, Arbitrum |
Detailed reports | No | Yes |
The pool has a user-friendly interface and 24/7 customer support. 2.1% of the world’s ETH and 20.51% of ZIL are mined with ezil.me every day.
Wrapping up
As the Ezil Pool has become one of the top mining pools, Zilliqa is an up-and-coming project with one of the fastest blockchains and the most convenient platform for creating dApps, it’s safe to say that mining ZIL is a reasonably good choice.
Zilliqa is Proving Itself to be 2020’s Dark Horse
Perhaps you’re fed up with hearing the phrase “Ethereum killer.” After all, any project that labels itself as such has a real fight on its hands. But Zilliqa, as a third-generation blockchain, is in with a shout.
The Singapore-based platform launched at the end of 2017, initially as an ERC-20 token running on the Ethereum blockchain. However, since February 2020, the platform has transitioned to its own blockchain.
When designing Zilliqa, Co-founder Prateek Saxena, along with Xinshu Dong and Amrit Kumar, focused on tackling crypto’s most pressing problem, scalability.
Zilliqa is the first public blockchain to implement sharding, meaning it can scale to meet a burgeoning ecosystem’s demands.
Sharding refers to dividing the Zilliqa network into groups of nodes called shards. Each shard comprises 600 nodes, which operate like mini-blockchain networks processing transactions separately rather than as a group.
As the network grows, so too does the number of shards. Based on the current capacity of six shards, or 3,600 nodes, Zilliqa’s can reach 2,828 transactions per second.
Add into the mix staking, smart contracts, and a decentralized exchange in Zilswap, and it’s easy to see why Zilliqa is within touching distance of breaking the top 20.
In fact, 2020 has proven to be a special year for the project. Since January, investors are up 1,700%, while last week saw the price hit a year-to-date high of .10.
Source: ZILUSDT on TradingView.com
Zilliqa End of Year Report Shows Amazing Growth
The firm posted their end of year report on Boxing Day, which details the amazing growth experienced over the last twelve months.
“Zilliqa has shown a spectacular rate of progress, which has culminated in some record-breaking milestones in 2020. This is entirely a testament to our accomplished team, our dedicated community and the burgeoning and brilliant businesses which cement our ecosystem.”
📢We’ve DONE IT AGAIN, demonstrating staggering growth across ALL FRONTS in 2020.📢
🔖Details in our ecosystem report! https://t.co/GZ3cXDaKdY
📈Growth =Multiplied
🔄Ecosystem =Enriched
💻Tech =TremendousThe numbers speak for themselves & YOU are a big part of this! – AN pic.twitter.com/27M6Za1X84
— Zilliqa (@zilliqa) December 26, 2020
In particular, social media marketing efforts, including SocialPay, have paid dividends in building a strong userbase. SocialPay pays out Zilliqa as a reward for participating in social media, such as posting retweets.
The report shows wallet addresses had reached over a million in December. That’s a seven-fold increase compared to a year ago.
With that, monthly transactions are also on the rise. The latest figures show the number of monthly transactions hit an all-time high in October, with a monthly volume of just under 12 million. A 300% increase compared to October 2019.
“These statistics prove that it’s an extremely active chain and that real world applications are leveraging the Zilliqa blockchain at scale, which as the market knows is a leading indicator of a chain becoming established in the market.”
Source: zilliqa.com
And while Ethereum eventually managed to launch staking, Zilliqa investors had the option to stake since October, with far lower barriers to entry to boot. Namely a minimum staking requirement of 10 ZIL, or .80 in today’s money.
Plus, stakers also get to earn one gZIL governance token for every 1,000 ZIL paid out as a staking reward.
Currently, 4.2 billion ZIL is staked, which accounts for 30% of the circulating supply.
Ethereum faces the monumental task of implementing sharding on a live blockchain. With that in mind, it’s worth knowing that other projects, including Zilliqa, are scalable and cheap to use right now.
Based on Zilliqa’s growth this year, this is a fact that hasn’t escaped the attention of investors.
Elliptic Brings AML Compliance to the Zilliqa Blockchain
Elliptic will provide transaction monitoring services on the Zilliqa blockchain.
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Zilliqa Offers $5M Fund to Oxford DLT Students to Support Diversity
n The Oxford Women in Computer Science Society collaborates with Zilliqa for blockchain workshops to encourage diversity in the industryn
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Coinbase Gets Aggressive With Crypto Listing: Lists MakerDao, Golem, Zilliqa
Amid an extended bear market, Coinbase has surprised Bitcoin maximalists and crypto asset diehards alike, recently listing a series of crypto assets seemingly out of left field. However, many pundits and commentators have deemed that the San Francisco-based company’s shift in strategy is illogical, as it goes against formerly-established principles. Yet, the firm has only doubled-down on its growing penchant for alternative cryptocurrencies, listing a number of Ethereum-based tokens on Tuesday.
Coinbase Pro Incessantly Lists More Cryptocurrencies
On Tuesday, amid a flurried market rally, Coinbase Pro suddenly revealed that it would be listing DAI and Maker (MKR), the two assets of the Andreessen Horowitz-backed MakerDao project, Golem (GNT), and Zilliqa (ZIL). All the aforementioned assets are situated on the Ethereum Network, with Coinbase’s decision to list these crypto assets likely stemming from the technical ease of implementation. This recent sequence of listings come just weeks after the same platform unveiled support for Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA).
DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE
— Coinbase Pro (@CoinbasePro) December 18, 2018
Starting Tuesday, users of Pro will be allowed to deposit DAI, GNT, MKR, and ZIL onto the platform. Pro intends to keep support for these assets in deposit-only for a minimum of 12 hours, ensuring that sufficient liquidity for the crypto assets is established to avoid market debacles. For now, the assets listed on Pro will remain on the professional trading platform, with support on Coinbase’s other platforms likely arriving within the next few weeks.
While it seems that the world-renowned platform has added each and every crypto asset in recent months, there remain over 20 crypto assets on the startup’s chopping block. This extensive list, as reported by NewsBTC previously, includes community favorite XRP, prediction platform Augur (REP), and smart contract platform Cardano (ADA).
Related Reading: Crypto Community Reacts to New Coinbase Listings: Reception Generally Negative
Coinbase Shifts Business Strategy To Be Pro-Crypto Asset
Although Coinbase’s intention to list an array of crypto assets seems innocuous enough, many pundits have seen this move as a hint that the startup’s business practices are enduring a radical underlying shift. Speaking to Linda Shin, the showrunner at the highly-acclaimed Unchained podcast, Dan Romero, one of the billion firm’s multiple vice presidents, confirmed these rumors. In the one-hour-long installment of Unchained, Romero explained that his firm’s clientele has begun to clamor for crypto asset support, presumably catalyzing the recent listings.
Romero, who has headed Coinbase’s pro-crypto asset movement, noted that in a bid to keep customers safe within Coinbase’s gated community, so to speak, his firm has embarked on a mission to support as many assets as legally viable.
And, as seen by Tuesday’s announcement, Coinbase’s alteration in its fundamental game plan has already manifested. Yet, the upstart’s thirst for innovation hasn’t only culminated in assets supported, but with its already-expansive, yet rapidly-growing product roster as well. Just a day prior to Tuesday’s listing debacle, Coinbase revealed that its consumer-centric platform would be offering in-house crypto-to-crypto trading support.
This addition, which was the focus of the fintech giant’s 8th “12 Days of Coinbase” announcement, has been dubbed “Convert.” As its name implies, Convert will allow users of Coinbase’s iOS or Android apps and Coinbase.com to instantaneously one cryptocurrency to another at a “lower than if done via two separate transactions.” The long-standing cryptocurrency exchange will be charging a 1% spread per “Digital Asset Conversion” request, but the actual fee incurred may vary, due to “market fluctuations.”
While Coinbase’s newfound enamorment for crypto assests could be classified as an overt power play, the firm’s cardinal mission is, of course, to create an open financial system for the world. Its recent offerings are likely only a byproduct of its ambitions to accomplish this arduous mission.
Still, an extremely long road lies ahead of Coinbase, along with its fellow platforms all across the road, as cryptocurrencies are still in their earliest phases. Travis Kling, the investment head at the recently-launched crypto hedge fund Ikigai, stated that although Bitcoin’s blockchain has been up-and-running for a decade, a majority of its history was just getting its wings off the ground.
By the same token, the former institutional investor explained that most of the publicity and development that has fallen on cryptocurrencies, came within the last 18 to 24 months, not during this ecosystem’s come up. Taking this all into account, Kling, echoing some similar sentiment from other industry leaders, noted that while it would be foolish the think that Bitcoin can overthrow centralized powers in a few years’ time, the asset has the ability to produce a global impact in due time.
Featured Image From Shutterstock
The post Coinbase Gets Aggressive With Crypto Listing: Lists MakerDao, Golem, Zilliqa appeared first on NewsBTC.
Cryptocurrency Market Update: Zilliqa (ZIL) Spurts on New Exchange Listing
FOMO Moments
Crypto land is stagnant, a few altcoins are afloat; Zilliqa, Ethereum Classic, Icon and Bytom.
Markets have remained stable today, which could be considered a good thing because they haven’t plunged any further. There has been very little momentum in the way of a recovery indicating that further losses are likely. Total market capitalization is still below 0 billion with little signs of a rebound.
Bitcoin has remained flat on the day, trading at the same level it was this time yesterday, around ,100. Trade volume for BTC has declined marginally from .4 billion to .2 billion and market cap is hovering around 5 billion. Bitcoin dipped to k suddenly a few hours ago but found support and did not slide further. Ethereum has had a tough week and has not moved in the past 24 hours, remaining at 5. Ripple, Bitcoin Cash, EOS and Litecoin are marginally up 2-3% but none are showing any real bullish sentiments.
The rest of the altcoins are a mixed bunch as markets remain stagnant for the time being. The only one showing any kind of positive movement at the moment is Zilliqa which is up 8.3% according to Coinmarketcap. ZIL is currently trading at .067, marginally up from yesterday’s level of .063. Over the past week it has lost 23% and over the month 40% as cryptos have been crushed. Against Bitcoin ZIL is up 8% on the day to 1100 satoshis. On the week however it has lost 15% against BTC falling from 1300 satoshis this time last Thursday.
The short pump has come from a Coinone listing a couple of hours ago;
질리카 (Zilliqa) 상장 안내 / Zilliqa listing announcement
코인원이 질리카 (Zilliqa)를 상장합니다.
– 입출금 가능 시기 : 2018년 06월 28일 오후 12시 (KST)
– 거래 가능 시기 : 2018년 06월 28일 오후 4시 (KST) (예정)자세한 사항은 코인원 공식홈페이지를 참고해주시기 바랍니다. pic.twitter.com/soBF19aTir
— Coinone (@coinone_info) June 28, 2018
ZIL is mostly traded on Binance with 23% of the total volume, followed by Huobi with a similar level. Korean exchanges Upbit and Bithumb share 30% in KRW. Trade volume has remained steady at around million and market cap for Zilliqa is around 0 million ranking this altcoin at 25th in the charts.
Total crypto market capitalization has not moved in the past 24 hours and remains at 6 billion, teetering on the edge of another drop by the looks of things. Daily volume is around billion which is marginally lower than this time last week. Other altcoins showing better than average gains during Asian trade this morning include Ethereum Classic up 5%, Icon with a 4.5% gain on the day, and Bytom climbing 7.6%.
More on Zilliqa can be found here: https://www.zilliqa.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Zilliqa (ZIL) Spurts on New Exchange Listing appeared first on NewsBTC.
Asian Cryptocurrency Trading Roundup: Indian Exchange Listing Lifts Zilliqa
FOMO Moments
While crypto markets are still open on weekends things predictably slow down a little. Activity has been relatively flat over the past two days and no momentum has built in either direction. Fortunately there has been no crash back down to early April levels, but on the flip-side the bulls could not push total market capitalization back over 0 billion either. Bitcoin has wallowed around ,300 for a few days with no gains or losses on yesterday’s levels. Altcoins have been a mixed bunch, some falling further while others have made small gains. Today’s coin of the moment is Zilliqa.
Coinmarketcap is currently reporting an 8% gain on ZIL which has pumped and dumped over the past week or so. Trading at .146 Zilliqa is up from .135 this time yesterday. Over the week however ZIL has lost 15% from .174 the same time last Sunday. When a number of exchanges announced listings it pumped to an all-time high of .23 on May ten but has fallen back ever since. Against Bitcoin ZIL is up 8.5% on the day to 1785 satoshis from 1650 sats this time yesterday. Over the week though it has declined 14.6% against BTC from 2090 satoshis on Sunday last week.
The only announcements on their feed are about stress testing that is currently taking place on the Zilliqa network. Another exchange listing however is likely to be responsible for the current boost. India’s Unocoin listed ZIL on May 18 which has resulted in solid momentum for this altcoin over the weekend.
Zilliqa(ZIL) trading now LIVE on #Unocoin #exchange.@zilliqa #zilliqa #zil #cryptocurrency pic.twitter.com/3znuVMukYo
— Unocoin (@Unocoin) May 18, 2018
Currently Binance commands 40% of all Zilliqa trading, followed by Huobi with around 24% of the total. Total trade volume has climbed by around 57% from billion to billion over the past 24 hours. There is a total supply of 12.6 billion tokens with around 7.28 billion circulating. Zilliqa has remained just on the edge of the top 25 altcoins with a market cap of just over a billion dollars.
All crypto markets combined have climbed marginally over the past day by 1.3% to 9 billion. A breakout in either direction is expected early next week. Other altcoins having a good weekend at the moment are Bitcoin Cash, EOS, Ontology, and 0x.
More on Zilliqa can be found here: https://www.zilliqa.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Asian Cryptocurrency Trading Roundup: Indian Exchange Listing Lifts Zilliqa appeared first on NewsBTC.
Asian Cryptocurrency Trading Roundup: Double Korean Exchange Listings Lift Zilliqa
FOMO Moments
In a similar pattern to last week, crypto markets are gathering momentum as the week draws to a close. A slight recovery has been made from the profit taking and markets have climbed back over 0 billion. Bitcoin bears could not push the daddy of crypto below k and it has risen 3% on the day to ,350. As a result most of the altcoins are trading in the green on Asian markets this morning. One shooting for the moon today is the same coin we featured yesterday, Zilliqa.
Boosted by a listing on OKEx yesterday, ZIL has continued its pump for the second day. According to Coinmarketcap it has surged 31% over the past 24 hours. Currently trading at .21 this altcoin has jumped from .15 this time yesterday. Weekly gains have been even more impressive rising 75% from .12 this time last Thursday. On the month ZIL has surged an astounding 450% from .038 this time last month. Gains against Bitcoin have been solid with 30% on the day to 2290 satoshis from 1700 sats this time yesterday and over the week ZIL has made 74% on BTC rising from 1320 satoshis last Thursday.
The surge in Zilliqa price has been driven by listings on another two major exchanges. This time it is South Korean Bithumb that has made ZIL available to its customers;
Zilliqa(ZIL) and Ethos(ETHOS) will be listed on Bithumb and Bithumb PRO.
Visit Bithumb website and trade new cryptocurrencies!@zilliqa @Ethos_io
PC : https://t.co/6MRxyQeeQV
MOBILE : https://t.co/pI2HiXVd9Q
— Bithumb (@BithumbOfficial) May 10, 2018
If that wasn’t a big enough boost for the altcoin Upbit has also announced a listing along with an airdrop of ZIL tokens:
Upon $ZIL exchange listing 2,000,000 ZIL will be distributed to wallets who deposit and hold a minimum of 20 ZIL. Reward will be divided by the number of #Upbit depositors equally. @zilliqa
Time of Listing: May 10th – 16th
Time of Event: May 30th— UPbit Translator (@UPbitExchange) May 10, 2018
Currently the action is happening on Binance which has almost 70% of the total trade volume. That volume has risen over 200% from 0 million to 5 million over the past 24 hours. Zilliqa has surged into the top 25 by market cap with .5 billion which ranks it at 22nd, above Lisk, Verge, and Nano.
Market capitalization for all cryptos combine has climbed by 4% over the past day and is currently at 6 billion. Trade volume has been steady at billion combined. Other altcoins having a good morning during Asian trade include Bitcoin Cash, VeChain, Binance Coin, and Verge.
More on Zilliqa can be found here: https://www.zilliqa.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Asian Cryptocurrency Trading Roundup: Double Korean Exchange Listings Lift Zilliqa appeared first on NewsBTC.