The market has dumped again after showing so much promise in the last few days. Nonetheless, for those with a long-term view of the market, this is simply an opportunity to accumulate. That’s because, the current volatility is due to very few players controlling the market. However, as more investors get into the market, liquidity will deepen and market manipulation will decline. In the meantime, it is a perfect opportunity to scout for good projects that are now selling very cheaply. One such project is Zilliqa (ZIL).
Zilliqa is moving really fast in terms of technical development, and is a step ahead of most crypto projects. Zilliqa’s technical advancement became apparent during the recent Consensus 2019 where it was one of the projects that impressed investors the most. Investors got to learn of its breakthrough in Sharding technology, and how it can hit upwards of 2000 transactions per second. This makes it one of the most scalable projects in the market. Investors who got to learn of Zilliqa for the first time during Consensus will be excited by this project going forward, and could a role in its short-term price action.
Besides, the larger number of international investors that got to know of Zilliqa during Consensus, the Zilliqa team also announced that they will launch smart contracts Scilla on the 10th of June. This is a big deal, and as more people get to learn about it, it could create lots of FOMO around this project. Excitement around Zilliqa could even be higher if by the time this project launches smart contracts, the market will be in a bullish rally similar to the one experienced for the last couple of days.
Besides such speculative aspects to Zilliqa (ZIL), the long term prospects of this project are pretty good. That’s because, it has tackled one of the biggest bottlenecks to blockchain adoption, and that’s scalability. The tech is good, but it still has some serious scaling issues.
Zilliqa happens to be one of the projects that has got it right on this, through Sharding. With its high throughput, Zilliqa can be adopted in any industry, and work as efficiently as centralized systems, but with the added security benefits of blockchain technology. This gives Zilliqa a huge potential upside as blockchain technology gains more adoption for business. Already the tech is gaining adoption by the corporate world. Signals of Zilliqa adoption are already there.
A good example of this is the partnership that Zilliqa has with Mindshare, one of the largest advertising platforms in the world. This project has already been tested by major global corporations like Pepsi for advertising, a signal to its success. It’s a perfect example, of the potential that Zilliqa holds in the market.
With all these factors at play, Zilliqa comes across as a project worth keeping an eye on, not just this quarter, but also in the future. In the short-term, it stands to benefit from FOMO based on news, and in the long run, it could benefit from adoption. It’s a win-win.