We may all wonder where the crypto market is headed next year, but one theme that’s always gaining in popularity is the metaverse. Many crypto networks are pivoting to embrace the metaverse, including Zilliqa. As Zilliqa makes its big metaverse announcement today, its token ZIL is gaining value. We explain what ZIL is and if you should buy it now in this short article.
Top places to buy ZIL now
OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
What is ZIL?
Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.
Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.
The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.
Should I buy ZIL today?
Never make any investment decisions lightly. Read analyses and price predictions and take all recommendations with a grain of salt.
ZIL price prediction
Wallet Investor is bullish on the token. They expect a long-term increase with a price prognosis of $0.45 in 5 years. If you put $100 in ZIL now, your investment may be up to $545 in 2026.
ZIL on social media
— Asasin's Crypto (@AsasinsCrypto) December 27, 2021