Will Zilliqa reach $1? Zilliqa Price Performance Zilliqa is partnering with Racing League UK to enhance the horse racing fan experience. Racing League is a prominent horse racing competition with extensive reach. The partnership aims to leverage Web3 technology to engage fans in new ways, including fan ownership of horses and voting on league matters. This collaboration also provides Zilliqa with an opportunity to create virtual racing experiences featuring real-life jockeys and horses. The Zilliqa network has 2,400 nodes and a total value locked in the staking of $109.28 million, representing 32.04% of the circulating supply. The APR for staking is 12.93%. There are 4,664,678 total addresses. The Pace of growth has diminished over the last 48 hours Will Zilliqa hit $1? To reach $1, Zilliqa will have to rise 60 times. Performance Track Record: In 2023, despite the overall improvement in the cryptocurrency market, Zil failed to capitalize and is underperforming. While ZIL is differentiated to some extent, it does not have the early mover advantage. Market Cap requirement: At $1, Zilliqa will have a market cap of $16 Billion. That is the combined market cap of Solana and Cardano. If Zilliqa were to rise at 25% every year, it would take 19 years to reach $1. The most optimistic prediction of Zillqa is to reach $0.4 in 7 years’ time. Overall, nothing in the data indicates Zilliqa will reach $1. If the ecosystem rises faster and there is a burn of say about 50% of the Token, $1 is more likely than not. What is Zilliqa? Zilliqa is a unique blockchain platform emphasizing scalability through sharding, which divides its infrastructure into multiple interconnected blockchains. Its proprietary programming language, Scilla, facilitates the creation and deployment of customizable Dapps. The platform can process 2,828 transactions per second and boasts over 6.4 million transactions across 2,400 nodes. Within its ecosystem, Zilliqa supports numerous projects in DeFi, NFTs, gaming, and more. Furthermore, the recent strategic alliance with Google Cloud, which will act as a Staked Seed Node operator, will enhance Zilliqa’s infrastructure and Web3 capabilities. The ZIL token, Zilliqa’s native cryptocurrency, is crucial for executing smart contracts, processing transactions, and incentivizing network supporters. It can also be staked to secure the network and earn rewards. Although ZIL faces stiff competition in the crypto market, its potential for growth may increase with continued platform upgrades and strategic partnerships. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
Will Zilliqa reach $1?
