Zilliqa (ZIL) is in the green today, even as the rest of the market continues trading sideways. While there is nothing particularly interesting happening around Zilliqa today, this could be the beginning of positive momentum build up around Zilliqa (ZIL), in anticipation of the upcoming of the launch of the Zilliqa anchor dapps.
This will happen on the 31st of this month, and it’s a big deal for Zilliqa (ZIL). That’s because, it will open up the Zilliqa blockchain to more Dapps since it will give developers confidence that, Zilliqa (ZIL) is an ideal blockchain for launching Dapps. Given that Dapps are the main source of value for platform tokens, an explosion of Dapps on Zilliqa could see the value of ZIL rise significantly in the near-term.
However, the key thing to watch as the launch of the anchor Dapps approaches is the volumes. Increasing volumes would be a signal that investors are taking an interest in Zilliqa (ZIL) prior to the launch. For a savvy investor, this would be an indicator that a pump could be underway, and that Zilliqa could outperform the market within the next 2 weeks. The reason to keep an eye on the volumes is that, crypto is still in its infancy, which means speculation rules. As such, if the price of Zilliqa (ZIL) rises this week, it would not be so much because of the strength of the anchor Dapps, but rather the excitement around them. Nonetheless, it’s a good opportunity to make money.
Looking at Zilliqa from a more long-term perspective, this crypto still comes across as a winner. Its fundamentals are good enough to give it a huge value push for years to come. For starters, Zilliqa (ZIL) has implemented Sharding, which enables it to handle thousands of transactions per second. This makes it one of the most scalable blockchains in the market. Considering that scalability is one of the biggest challenges facing blockchain technology today, Zilliqa is almost guaranteed to be one of the blockchains that will drive adoption.
That’s because, what Dapp’s developers and consumers want are applications that work. When someone downloads an app, they don’t care much whether it is built on the blockchain or not. All they want is an application that works. That’s why blockchains such as Zilliqa that allow for the development of efficient applications are a big deal, and could dominate. If Zilliqa dominates on this front, then the value of Zilliqa (ZIL) would rise significantly too.
On top of that, Zilliqa (ZIL) is popular in one of the most receptive markets to blockchain technology, and that’s Zilliqa. Zilliqa is quite popular in Singapore and several other Asian nations. This is the region that has also made tremendous progress in creating the right regulations. This means that this region will possibly lead in blockchain adoption and fundamentally strong cryptos like Zilliqa (ZIL) will be in the middle of this revolution. With such prospects in the future, Zilliqa (ZIL) is without a doubt a viable long-term hold. It also holds amazing prospects in the short-term.