All indicators point to a possible continuation of the crypto bear run in 2019. For instance, volumes are low, an indicator that enthusiasm in crypto is still low. However, these market conditions present an opportunity to invest in good cryptos. Prices are at their lowest and in all markets, money is always made from buying low and selling high.
While this may sound easy, it is actually the hardest thing to do. That’s because, the time when prices are at their lowest is also the time of highest uncertainty. It’s the point at which, prices look like they might never recover, and most people are usually afraid to buy. The trick to buying low is to understand the fundamentals and have faith in them.
Using this approach, it is quite clear that Zilliqa (ZIL) is a crypto that is highly undervalued, and one that could be rewarding in the future. In spite of the low volumes and heightened uncertainty, Zilliqa (ZIL) has a number of fundamentals that makes it a potentially good buy.
One of them is its potential to dominate the Dapps market. The biggest challenge for blockchain projects in applications development is scalability. Their inability to scale makes it hard for them to compete effectively with centralized systems. That’s in spite of all the advantages of blockchain technology such as security and data privacy. At the end of the day, what users want are applications that work.
The technical intricacies of a project don’t matter that much to the end user. This gives projects like Zilliqa good prospects for growth in the future. Zilliqa is designed to hit over 1000 TPS, and can handle even higher TPS, as its tests have shown. This ability to scale means that, as blockchain technology becomes more widely used, and Dapps reshape the internet, projects like Zilliqa will grow exponentially.
This is a good reason to buy into Zilliqa regardless of what happens to the price in the short-term. Short–term prices are only a reflection of sentiment, since most people got into crypto at a market high. In the long-run, when decentralization becomes the norm, Zilliqa’s fortunes will get brighter.
Another strength to Zilliqa is its high levels of acceptance in the Asian markets, especially in Singapore. Asia seems to be leading the blockchain revolution, and any project that makes it big in this market stands in a good position to grow in the long-run. Zilliqa has its roots in Singapore and is quite popular in several other Asian nations too. For instance, Zilliqa already has major partnership in Asia, key among them being with DMM (A Japanese Internet Company) and LayerX. With the prospects of making it big in Asia, which also happens to be one of the fastest growing regions in the world, Zilliqa (ZIL) has what it takes to gain in value in the long-run. Besides, Zilliqa has also made in-roads in other regions of the world as well, which raises its prospects of growth even higher.
Clearly, Zilliqa’s long-term prospects are good. It may not be performing well now, but the odds are stack in its favor.