Like all other cryptos, Zilliqa (ZIL) has been trading sideways since the beginning of the year. This is largely due to the low volumes in the market, and the fact that the much-awaited institutional money has been sending mixed signals about crypto. For instance, the much awaited Bitcoin (BTC) ETFs are now in doubt. Then there is the increased negative coverage of cryptos by major news outlets, with claims like Bitcoin is going to zero. These factors could see crypto trade sideways for months.
In spite of this, there is still a good chance that bulls could return to the market, with a bang. Some indicators to this include the fact that after the Bitcoin (BTC) ETF was called off some days ago, the market didn’t react negatively.
This could be a good indicator that weak hands are already out of the market, and that only HODLERs are left, which would mean the market could have hit the bottom. If this is indeed the bottom, then bulls could slowly retake control of the market. This could see high potential cryptos like Zilliqa outperform the market by a huge margin. There are a number of factors that place Zilliqa (ZIL) in a good position to outperform the market in 2019. Here are some of them.
The HG Exchange partnership with Maicoin
Two days ago, it hit the headlines that Zilliqa was partnering with Maicoin, to launch an exchange for the trading of security tokens. This exchange will allow investors to buy private shares of companies like Uber and Airbnb. This is a big deal and could open up the Zilliqa ecosystem significantly. The excitement around it could drive in new investments into Zilliqa. Not only is it a powerful marketing tool for Zilliqa (ZIL), it also adds to the level of activity on Zilliqa (ZIL) blockchain, hence driving up its intrinsic value.
The upcoming mainnet launch
The upcoming Zilliqa mainnet launch is another factor that could drive up the level of interest in Zilliqa. That’s because, it could lead to an influx of Dapps on the Zilliqa (ZIL) blockchain, given that Zilliqa (ZIL) is highly scalable, due to its use of Sharding technology. Considering that this is the main challenge facing blockchain technology, Zilliqa could see the number of Dapps increase significantly. With Dapps growing, Zilliqa (ZIL) could easily see a massive increase in price, since it is the native token for the Zilliqa blockchain.
The Zilliqa team is getting more aggressive in marketing
The Zilliqa team has been quite aggressive in pushing for the adoption of Zilliqa (ZIL). For instance, the HG exchange is both a huge technical move, as well, as a marketing one. It has created a buzz around Zilliqa that could draw in investments in a bull market, and could see it outperform the market. On top of that, the team has been pushing Zilliqa (ZIL) outside of their Asian strongholds. This could see Zilliqa’s user-base grow, and significantly push up its value compared to other cryptos.