Bullish sentiment seems to be rising in crypto. Increased buying volumes have pushed Bitcoin (BTC) past the $4000 mark in less than 4 day. This could be a signal that the bear run could be coming to an end, and the market could have hit the bottom. While most top 100 cryptos will benefit from this increased bullish sentiment, one crypto looks well placed to perform well in case the market sentiment remains positive, and that’s Zilliqa.
Zilliqa has been one of the biggest losers in 2018, and now trades slightly above a cent, which is a huge dip from its all-time highs. One thing that places Zilliqa (ZIL) in a good position thanks to this improved sentiment is its upcoming news. Unlike in a bear market, when good news have shown to have no impact on prices, the scenario is quite different in a bullish market. In 2017, when bullish sentiment was prevalent, any positive news no matter how minute led to massive price increases. As such, if current positive sentiment carries all the way into 2019, Zilliqa could emerge as one of the best performers in Q1.
Zilliqa has some major news coming up in 2019 that would give it a major boost in case the market maintains this momentum. The biggest of these news is the mainnet launch.
Zilliqa will launch its mainnet towards the end of January and if it happens under current market conditions, Zilliqa (ZIL) could pump hard. That’s because the Zilliqa mainnet will usher in, one of the most efficient blockchains in the market. The Zilliqa (ZIL) blockchain will be highly scalable, and will have the potential to handle all kinds of applications and do so efficiently. This gives it an edge in terms of adoption at the enterprise level. This is a big deal, and in a market where sentiment is positive, such as the way it is right now, Zilliqa would benefit big time.
On top of that, Zilliqa is now trading at a loss of over 90% from its all-time highs. As such, now that the market is turning bullish, Zilliqa comes across as heavily undervalued. That’s because it is trading at a massive loss from its all-time highs, and has positive news coming. This creates a confluence of positive factors that makes it heavily undervalued, and prime for investment.
In essence, Zilliqa has what it takes to consistently register double-digit growth all through Q1 of 2019. It is also backed by the fact that it is popular in the Asian market. Asia is one of the biggest markets for crypto and always tends to lead crypto pumps in bull markets. As such, with its strong fundamentals, and its heavy presence in the Asian market, Zilliqa (ZIL) has what it takes to make a significant pump if crypto prices continue to pump in early 2019.
It is one of the cryptos to watch as bullish sentiment returns to the market. Besides, even if the current pump doesn’t hold, Zilliqa (ZIL) could still pump once the mainnet launches, based purely on speculative trading.