The cryptocurrency market has been sending mixed messages since the beginning of the week. Most digital assets, top coins included have had a ride on a high-speed roller coaster first sliding to test key support areas, then on Tuesday, a bullish wave swept across the market leading to upside corrections. However, we will look at the most promising coins to invest in as the month of June begins. Both Zilliqa (ZIL) and Ontology (ONT) assets have had a fruitful first quarter, but they still have more to achieve in Q2 as we head towards the end of the year.
Why Should You Buy Zilliqa (ZIL)?
Zilliqa (ZIL) is a digital asset that was introduced through a crowdsale that was carried out at the end of 2017. The altcoin has been gaining traction in the Q1 of 2018 and has managed to catch the attention of investors for its cutting-edge technology. Its open source blockchain has been developed to achieve high scalability levels while still remaining decentralized. It also focuses on ensuring high-speed transactions (1389 transactions per second). It aims to beat Ethereum on every aspect to become the sort after protocol for dApps.
The network is currently working on the launch of its mainnet, although its testnet went live in April this year. The blockchain will be released in the Q3 of this year and ZIL/USD is expected to skyrocket as we approach this event. The network has already started working on groundbreaking partnerships, for instance, Mindshare is set to test the working of their advertising application on Zilliqa. Rumor has it that NASDAQ and NYSE will also participate in the pilot, Furthermore, Zilliqa is courting a partnership with a Japanese firm that specializes in blockchain, Infoteria.
At the time of writing Zilliqa (ZIL) price is trading at $0.11 although it traded above $0.2 in mid-May. The price is eyeing $0.15 as the bullish trend return to the market. Zilliqa has a market capitalization of $808 million while its trading volume in the last 24 hours is $35 million. This cryptocurrency has massive potential for growth and is definitely the best buy at this time.
Ontology (ONT) is simply among the best performing digital assets in 2018. The project has its focus on providing high-performance open source blockchain coupled with Distributed Ledgers as well as smart contract systems. It aims at customizing blockchains to run different types of decentralized applications.
The network too, is currently developing its blockchain and we expect it to be released on June 30. The Ontology distributed identity frameworks (ONT ID) along with the Verifiable Claim Protocol are still in development. Besides, the network is working on new partnerships including the connections to NEO blockchain.
Furthermore, Ontology announced on May 28 that it had partnered with COT (Chain of Things). COT offers services in the Internet of Things (IoT) sector, moreover, they have a team that has extensive experience in (IoT). The two companies will utilize their technologies to strategically position themselves in the industry.
Ontology (ONT) price is exchanging at $7.11 at the time of writing and is up 3.62% in the last 24 hours. The crypto traded above $10 at the beginning of May, but it corrected lower towards the end of May. However, ONT/USD has been supported above $5.00, besides, there is a bullish trend in progress on the chart. Ontology has a market capitalization of $874 million while its trading volume stands at $111 million. Ontology is the best buying the dip asset in the market at this time.