The market saw a bit of a rebound over the weekend, with Zilliqa becoming one of the top gainers in the top 30 major cryptocurrencies. It climbed nearly 9% by the end of Sunday’s trading day. Here's all you need to know about the ZIL network.
About Zilliqa (ZIL)
Ranking 26 with a market cap of nearly $1 billion, Zilliqa (ZIL) is designed to meet the scaling requirements of a hot area in technology: Machine learning and financial algorithms. Their platform aims to enable secure, data-driven, decentralized apps. It also focuses on ensuring high-speed transactions. To be exact, they can make 1389 transactions per second.
Parnerships
The network has also started making advertising partnerships with the likes of Mindshare, and a Japanese firm that specializes in the blockchain technology, Infoteria. There is also a rumor that Nasdaq and NYSE will participate in Zilliqa’s pilot.
Coming up...
While their testnet went live in April, the network is currently working to release its mainnet in the Q3 of 2018.
ZIL's Price Action
If the team keep up with the work, investors could push ZIL’s price further up as its release day approaches. ZIL/USD appears to have bottomed out at 0.1, aiming towards the all-time-high level of 0.21 from Mid-May.
We have a similar chart pattern when looking at ZIL/BTC.
You can trade Zilliqa at major exchanges such as Binance, Bithumb, and Huobi.
As the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.
Don't forget to complete your risk management due-diligence before developing your investment strategy.
*This article was originally published here.