One of the most anticipated events in 2019 is the launch of the Zilliqa mainnet. The Zilliqa mainnet is expected to go live towards the end of January 2019 and from Zilliqa’s price action, there is good reason to believe that it is a big deal. That’s because, Zilliqa has been gaining strength not just in price, but has also moved up a few spots up market cap rankings. Today, the entire market is showing signs of weakness, but Zilliqa has pushed into the top 30 and is one of the few cryptos still in the green. There is are a number of fundamental reasons why Zilliqa (ZIL) is showing upside momentum ahead of the mainnet.
The most important one is that, Zilliqa is one of the few platforms that have solved the ever persistent problem of scalability that most platform blockchains are struggling with today. The Zilliqa team has invested so much time and resources in ensuring that they get Zilliqa scalability right. So much so that they postponed the launch of the mainnet in Q3 of 2018 just to make sure that they get everything right, before going live. As such, now that they are finally ready to go live, it means that Zilliqa can handle all sorts of applications with ease, including enterprise level applications.
From an investor perspective, Zilliqa makes a lot of sense both as a short and a long-term investment. As a short-term investment, Zilliqa (ZIL) stands out as one of the cryptos that could give superior returns in January 2019. That’s because, as the mainnet launch approaches and the price starts to rise, FOMO could kick in. In a market that is still in bear territory, any good news that has the chance to drive up price is likely to be taken up by investors looking for positive returns on their investments.
This buying pressure could see Zilliqa close the 1st month of 2019 in a very strong position. Its FOMO driven rise could gain a boost, if the entire market enters into positive territory in January. All the recent bitcoin pumps have seen most altcoins gain by over 10%. In essence, if Bitcoin pumps just close to the Zilliqa (ZIL) mainnet launch, Zilliqa could easily see gains of over 50% in January.
As a long-term hold, Zilliqa still makes sense to have in a crypto portfolio. That’s because by launching its mainnet, and having a solution to the problem of scalability, Zilliqa will draw in lots of Dapps both those aimed at the consumer market, as well as the enterprise market. Zilliqa already has partnerships with major corporations across the world. This means that an inflow of enterprise level applications on the Zilliqa blockchain is highly probable. As Dapps increase on the Zilliqa blockchain, so will the value of Zilliqa (ZIL) since it is the native token to the Zilliqa blockchain.
In essence, even as the market struggles to find direction, Zilliqa could emerge as one of the safest investments as we start the New Year. It could be the best New Year’s gift that an investor can give to themselves.