Zilliqa (ZIL) has joined the league of cryptocurrencies with overheen a billion dollars market capitalization.
Information for CoinMarketCap shows that Ziliiqa which moved pass the $1 billion mark te market cap is presently at $1.Three billion. This places it at no. 23 te the list of most valuable cryptocurrencies.
Zilliqa announced Tuesday that it has bot listed on another major exchange, OKEx, which according to gegevens from CoinMarketCap is the third largest cryptocurrency exchange by trade volume. Following the tweet, traders can trade the coin on OKEx, Binance, Coinspot, Huobi and other cryptocurrency exchanges.
Zilliqa is a Singapore-based project that claims to be a secure, scalable blockchain toneelpodium. Last year, the team released its whitepaper focused on solving the problem of scalability that plagues the blockchain networks. Through an emphasis on sharding technology and high throughput, the Zilliqa team hopes to achieve higher transaction rates and establish Proof of Work spil the authorizing security instead of a overeenstemming treatment ter public blockchain.
The value of Zilliqa (ZIL) coin grew remarkably from $0.042 USD ter April to $0.132 USD amidst several corrections. Spil the time of writing, the coin is worth $0.184 and looks set to keep rising, already a good investment for ICO participants who got the coin at 0.0038 USD. There’s a loterijlot of activity going on with trade volume of $390 million USD ter the last 24 hours.
The success of Zilliqa can be attributed ter part to its listings on major exchanges and strategic partnerships it the team made along the way. Partnerships with Integral Brain Blockchain labs, Kyber Network, Genaro Network and an Insurance Industry partnership te April seem to be serving the project well.
Compared to other projects launched about the same time, Zilliqa has fared well especially te the past month. It’s left to be seen how regulatory switches and other factors affects its growth and how it fares ter the coming months.