The year 2018 is almost over, and any chances of a major surge in prices this year are getting slimmer by the day. Nothing big is happening in the next few weeks that could give the market any major boost in value. Bakkt futures were the big news for December, but that was postponed to next year. This pushes the focus to 2019 for any chances of a crypto resurgence.
Going into2019, there are a number of projects that stand an elevated change of growth driven by a wide array of factors both internal and external. One of these projects is Zilliqa (ZIL). Depending on how the market performs in Q1, Zilliqa has an elevated chance of outperforming the market. Here’s why.
The mainnet launch
Whether the bulls will be back at the time of this launch or not, the Zilliqa mainnet launch will have an impact on Zilliqa (ZIL) prices. If the launch happens under current market conditions, it will most likely lead to a pump that will be followed by a return to the norm. This could make for a profitable trade for short-term investors who get in just before it happens. In a prolonged bear market such as the one we are in right now, such opportunities to profit are rare and are something to look forward to.
However, if the market turns bullish before the Zilliqa mainnet, then it could mark the beginning of Zilliqa’s Bull Run, and could see it outperform the rest of the market. That’s because the Zilliqa mainnet launch is a big deal. It will be the launch of one of the fastest and most scalable blockchains in the market. In testnet results, Zilliqa has hit upwards of 1800 transactions per second, with the potential to achieve more. This means that the potential for a Dapps explosion on Zilliqa is quite high, once the mainnet goes live.
Bakkt could go live in January
While most projects have made tremendous progress in their own right, the reality is that Bitcoin (BTC) is still the biggest price mover in the market. This means that it makes sense to watch out for any major triggers to the price of bitcoin (BTC). Going into 2019, one of the factors that could trigger a bitcoin (BTC) bull run is Bakkt. Unless it is postponed again, Bakkt is one of the factors that could drive up the value of Bitcoin (BTC) significantly. That’s because Bakkt futures will be physically settled, which means it will drive up the demand for Bitcoin at the institutional level.
If it happens and it drives up the value of Bitcoin (BTC), it will by extension drive up the value of the rest of the market, including Zilliqa (ZIL). For a crypto like Zilliqa (ZIL) that has big positive news coming up, the upsidecould be higher than the other altcoins.
With such positive news coming up, Zilliqa comes off a solid bet in 2019. Depending on the market conditions, Zilliqa could easily hit 2017 prices in 2019. When other factors such as the marketing efforts of the Zilliqa team are put into consideration, this comes off as a crypto worth keeping an eye on in 2019 and into the distant future.