With Bitcoin (BTC) trading at under $4000, it is quite clear that the bear market is far from over. However, like all market cycles, the bear market won’t last forever. This means that good projects that have held on strongly all through, will thrive once the bear run comes to an end.
One project that has maintained positive progress all through the bear run is Zilliqa (ZIL). In spite of dumping hard in the 2018 bear run, Zilliqa has maintained positive progress all through. For instance, the Zilliqa team has made tremendous progress as they approach the launch of the main net in Q1 of 2019. Yesterday, the Zilliqa team announced that they had started public mining on Zilliqa Testnet V3. The goal is to ensure that the miners have enough time to understand the Zilliqa mining process. Here is part of the statement from the Zilliqa team about this public mining testnet.
“…we are opening up public mining on our testnet to ensure that miners have sufficient time and opportunity to test and acclimatise to the Zilliqa mining process. Such testing is also important to help us identify improvements needed for the eventual stability and security of our mainnet. The testnet ZILs produced from mining on our testnet are for testing purposes only, and will not be tradable or usable on our mainnet.”
This is one of the many moves that the Zilliqa team has made in the last few months, in spite of the plummeting prices. The Zilliqa team has also been involved heavily involved in marketing. They have held a series of meetups in Asia, all aimed at pushing for awareness about Zilliqa. The team has also made significant in-roads in Europe with an office in London. These are moves that will continue to push Zilliqa (ZIL) forward, and drive adoption irrespective of how long the bear market sustains.
As adoption grows driven by good tech and a strategic approach to marketing, Zilliqa’s intrinsic value in the market will grow as well. It is one of the reasons why Zilliqa (ZIL) is a crypto worth keeping an eye on going into the future.
It is one of the cryptos that is well-positioned for growth going into the future. That’s because the future of blockchain technology is in adoption, and Zilliqa is right on it. The first wave of growth came from speculation, but this seems to have hit a peak in 2017. As such, going forward, it is projects like Zilliqa that have real usage, and are adapted to market needs that will thrive.
Zilliqa is particularly interesting because it is working on some of biggest issues holding back the adoption of blockchain. One such problem is that of scalability. Zilliqa has proven through tests that it can scale quite well, handling thousands of transactions a second. This makes it perfectly suited for business, and that’s the key source of value growth for Zilliqa going into the future. Once the mainnet goes live, Zilliqa could pump and announce its arrival to the big stage of business-oriented platforms blockchains.