Zilliqa (ZIL) Technical Analysis: Why ZIL is the Quiet Coin to Watch in Q4
Cryptovest
Published Sep 20, 2018 01:45PM ET
Updated Sep 20, 2018 03:00PM ET
Zilliqa (ZIL) Technical Analysis: Why ZIL is the Quiet Coin to Watch in Q4
Zilliqa is a highly scalable dApp platform that hasn’t made an awful lot of noise in the market lately, but could become a solid performer in Q4 and early 2019. Zilliqa is ranked #35 on the CMC leaderboard and boasts some impressive features, including high network throughput capabilities that can process over 2,828 t/ps. The project landed a strategic partnership with Japanese software company, Infoteria, in early August which will help drive the mainstream adoption of the Zilliqa blockchain across wider industries once Zilliqa migrates on to its own mainnet.
The project’s native token, ZIL, surged quickly off the back of a speculative short-term trading frenzy and became grossly over-inflated not long after it arrived on the Binance exchange in March this year. Once the speculation had reached fever pitch, short-term traders began exiting in droves and the asset has since struggled to recover composure. To add further injury to this decline, the project last month announced the postponement of their eagerly anticipated mainnet launch until late December/ early January after identifying further work that needed to be done prior to the migration.
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