In 2018, when the market was dropping hard, there was nothing much to look forward to, in spite of all the good news that were coming out. That’s because, no matter how big the news were, the market was not responding. Bearish sentiment was so heavy that no amount of good news could change things. However, this year has been different.
The market has been rising steadily in 2019, and this has also led to a change in sentiment. Due to the sustained rise in the market, several altcoins have responded positively to good news, key among them being Cardano and IOTA. In essence, with all the positive news that is coming up on Zilliqa at this point, there is a high probability that it could pump this month.
One of the positive news coming up is smart contracts on the 10th of June. On this date, Zilliqa will enable smart contracts on its platform. This is a big deal, and will open up the platform for adoption by major corporations across industries. However, that is beside the point.
The key thing is that crypto FOM0 is back, and people are more optimistic about the market. This means that, once smart contracts ae enabled, FOMO could see the value of this crypto rise by a huge margin. That’s not forgetting that Zilliqa is a project that has some recent good news around it. In recent times, Zilliqa has bagged a partnership with Mindshare, one of the largest advertising companies in the world. In essence, once they launch smart contracts, this project is likely to explode in value. That’s because, it opens up the possibility of massive adoption by major corporations similar or much bigger than Mindshare. Since investors know this, they are likely to FOMO into Zilliqa, and push up the price.
The other major event is the annual Zilliqa day that is also happening this month. The result is that, it could lead to FOMO, and a surge in the value of Zilliqa (ZIL). That’s because, there are lots of expectations that some major announcements will be made during this event. Besides, investor expectation is that Bitcoin positive price action will help push up altcoins in the foreseeable future. In essence, for an altcoin like Zilliqa which investors expect some big things coming up, this event could see the value of Zilliqa rise significantly.
However, this is all short-term speculation. Nonetheless, they add to long term value of Zilliqa. In essence, whether it pumps or not, these factors pretty much assure Zilliqa of gaining big in the long run. That’s because, ultimately, it is fundamentals that will determine crypto valuations, and Zilliqa’s fundamentals are getting better. This is one crypto that has what it takes to dominate the Dapps market due to its high throughput. The future is bright for Zilliqa (ZIL).