(ZIL) Zilliqa Prediction & Forecast
[Updated 20 November 2018]
Thinking of investing in Zilliqa (ZIL) in November 2018? Here is our honest Zilliqa price prediction and future forecast.
- Fundamental Analysis
- Technical Analysis
- Specialists’ Perspective
- Zilliqa Price Prediction 2018
- Zilliqa Price Prediction 2019
- Zilliqa Price Prediction 202
- Zilliqa 5 Year Price Prediction (Long-Term)
- Our Zilliqa (ZIL) Price Prediction
Zilliqa is a public blockchain created to solve issues of scalability and throughput, potentially scaling to thousands of transactions per second. The network is powered by a native Zilling (ZIL) token (not a Zilliqa coin), a unit of digital currency similar to a bitcoin (BTC). ZIL tokens are used to transfer funds and execute smart contracts. The ZIL token is mineable through the Zilliqa consensus protocol.
Zilliqa (ZIL) has maintained a strong presence through the past year’s bear market due to a robust sharding-based solution to ongoing speed constraints within blockchain Dapps and smart contracts.
Concurrent with the mainnet launch, currently on track for Jan 31, 2019, Zilliqa is planning to release the first version of Scilla, its proprietary development language. Why is this a big deal? Because Scilla, an acronym for Smart Contract Intermediate-Level Language, was designed specifically to improve smart contract safety. Additionally, because Scilla was written as an intermediate-level language, the possibility for simple adoption as well as increased interactivity is tremendous.
Zilliqa’s token swap is scheduled for the end of Q1 2019. Several well-known exchanges will participate over a period of several months.
Due to the strong business proposition offered by Zilliqa, including its sharding-based scalability solution and the Scilla programming language — barring extended bear conditions — this altcoin is expected to show its full potential upon release of the mainnet launch in Q1 of 2019.
From a fundamental perspective, Zilliqa (ZIL) offers a strong value proposition. Zilliqa’s sharding concepts, as well as the Scilla language, could both drive and revolutionize other blockchain projects. It offers a potential solution to a central blockchain pain point: low transaction speeds.
Between the number of transactions Zilliqa (ZIL) purports to be capable of, and the versatility of the Scilla language, there is a chance that Zilliqa will recover and thrive in the coming months and years.
Designed as a high-throughput public blockchain, poised to solve scalability and speed issues notorious among blockchain DApps, Zilliqa has potential. We are cautiously optimistic for a longer-term recovery.
Zilliqa (ZIL) has remained relatively stable over the past 24 hours, at $0.0166 USD as of this writing, and is predicted to hover at this price through the mainnet launch as well as the first three quarters of 2019. Although these numbers are unimpressive, they are consistent with predictions throughout the cryptocurrency market over the next 12-18 months.
Current market cap and value, however, is below both BTC and ETH averages. Coming from a stronger position in May 2018, where ZIL coins hit nearly $0.03, before beginning a slow dip that culminated in this week’s steep crash, ZIL is awaiting market results following its Q1 2019 mainnet launch.
Over the past several months, as it approaches its mainnet launch, Zilliqa (ZIL) has attracted the attention of blockchain enthusiasts. There is much support for pushing back the launch date in order to complete thorough security audits, prepare for and deliver the token swap, integrate with various wallets, develop tool-chains, and align with additional DApps to bring onboard.
Experts have appreciated roadmap updates over the past 12 months since the ZIL ICO closed, including things like sharding-friendly smart contract support and large-scale testing.
The Zilliqa team has shown a strong commitment to technical performance improvement. Because of this, long-term Zilliqa predictions from various analysts are fairly positive.
Zilliqa Price Prediction 2018
As Q4 2018 winds to a close, ZIL prices have dropped to record lows of $0.0166 USD. As noted in the chart below, ZIL followed the general trajectory of the wider cryptocurrency market by experiencing highs in May 2018, but dropped heavily during the end of Q3. This price drop has continued during Q4 2018.
ZIL’s poor performance is the result of three main factors.
- First, the overall bear market cryptocurrency has experienced in 2018 puts most start-ups like Zilliqa in a tough position right off the bat.
- Second, Zilliqa has seen delays as they strive to deliver a top quality product that aligns with their original premise.
- Finally, while it is possible that ZIL could jump back up to $0.02 in 2018, with the mainnet launch scheduled for next year, Q1 2019, any significant value improvement will not be seen until that time.
Zilliqa Price Prediction 2019
Zillaqa (ZIL) is forecasted to potentially reach $0.03 USD by the start of Q1 2019. Between its mainnet launch, a strong focus on DApp availability, and the Scilla programming language becoming available early in the year, this prediction is in line with Zilliqa’s roadmap.
However, the ongoing bear market, causing huge dips in price and changes in market cap, will undoubtedly play a role in ZIL prices in 2019. It is unclear what the market will do over the next twelve months, which makes the accuracy of any sort of price prediction a challenge.
As evidenced by the numbers in the chart above, most experts predict ZIL to hover around $0.02 – $0.03 throughout the year — with prices potentially reaching $0.06 – $0.12 USD in Q4 2019. The fact that Zilliqa is a strong blockchain project with the likelihood of delivering on their promises in 2019 supports these numbers.
Zilliqa Price Prediction 2020
While overall Zilliqa (ZIL) price forecasts for 2020 exhibit an upward trend, they are still only about $0.09 USD. This coin is a good investment through 2020 — as it is still low cost — but expected to continue to gain in the future.
Hopefully, in two years time, the overall trajectory of crypto will be on the upswing, with projects such as Zilliqa seeing market cap stabilization and increases in value. Regardless, the 2020 forecast for ZIL is an approximately 400 percent increase from its current price. Overall, this is a good investment proposition, as ZIL continues to gain.
By 2020, other blockchain projects will have perhaps caught up to the ZIL concept, whether through sharding or other concepts designed to increase transactional speed. However, currently, Zilliqa is a frontrunner in developing innovative new solutions to these issues, and is poised to be a go to for smart contracts and other blockchain solutions.
Zilliqa 5 Year Price Prediction (Long-Term)
Keeping in mind that cryptocurrency markets fall lower and rise higher than most investors expectations, the Zilliqa 5 year price prediction is strong. ZIL could rise to as high as $0.1952 USD within 5 years. This makes Zilliqa (ZIL) a profitable long-term investment, with a strong probability of continuing to grow over the next decade.
Additionally, the focus on sharding, ease of use of their programming language, Scilla, and Zilliqa’s commitment to improving DApp functionality across their platform provides a strong value proposition. This also decreases the likelihood of a ZIL token crash.
Investing in a token like ZIL ensures an investment focus on tools and blockchain use for everyday needs. This is the direction distributed ledger technology needs to go in order to maintain relevance and an increased global presence.
Our Zilliqa (ZIL) Price Prediction
At BeinCrypto, our current forecast for the price of Zilliqa (ZIL) is based on its fundamentally solid concept, while taking into account the extreme fluctuations and overall instability of cryptocurrency as a whole in the today’s market. ZIL has demonstrated average performance over its first year, never reaching below $0.06 USD as of this writing. Because of the pending mainnet launch, happening early next year, and the overall strength of the Zilliqa project, BeinCrypto considers Zilliqa (ZIL) a solid investment in the long term — with the potential to reach $0.19 or higher over the next five years.
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What do you think about our Zilliqa price forecasts? Let us know your thoughts in the comments below!
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Disclaimer: This article is not meant to be used as personal investment advice, nor is it information from a qualified investment advisor. Both the author and BeInCrypto are not responsible for any investment decisions. Please conduct your own research and investigation prior to investing in cryptocurrency.