Analyzing The Zilliqa (ZIL) Price Outlook For 2020

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Analyzing The Zilliqa (ZIL) Price Outlook For 2020
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Zilliqa is rightfully considered one of the most strategic and future-oriented cryptocurrencies now in 2020. It has a strong potential of becoming a true rival of Ethereum or Litecoin, which is why it draws so much attention lately.

It has already demonstrated excellent solutions to address scalability issues as its sharding methods allow multiple quick and stable transactions within seconds. This is the first case of a public blockchain that works at such a scale. The Zilliqa price growth is extremely promising since it might reach $0.3 by the end of this year.

Another tactical currency on the market is IOTA. Its Tangle solutions ensure faster and smoother transactions. As the number of members increases, the transactions are processed much quicker. The possibility of IOTA exchange is widely available – virtually any other cryptocurrency can be exchanged for IOTA and vice versa.

The Advantages of Zilliqa (ZIL)

This currency is becoming increasingly popular due to being highly scalable. Because of sharding, all data is being processed instantly. Similarly to IOTA, the number of members in blockchain directly influences the speed of transactions and operations processing. The higher the number, the faster the processing.

Zilliqa is a new and very promising cryptocurrency. It will surely gain more recognition all around the world and attract new partners in the nearest future. There is plenty of room for its growth regarding the speed of transactions, and we could definitely see even more efficiency as the scaling increases.

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Some of the biggest currencies might receive a strong competitor if Zilliqa continues to develop. While Bitcoin shows strong performance this year, ZIL is also expected to demonstrate some exceptional growth. Specialists predict that Zilliqa might grow twice its price in 2020 as opposed to the rates in 2019. However, its further performance due to successful scaling might increase even higher.


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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.