Price Predictions

Zilliqa Price Prediction – Why Is Zil Pumping?

3 Mins read

Welcome to bulliscoming media, Zilliqa has been trending in the crypto and blockchain space lately, thus, its native token (ZIL) has skyrocketed in price by over 100% within 24 hrs.

Hence, many crypto enthusiasts have been asking: “why is Zil pumping”, and some investors have been eager to know the Zilliqa price prediction for a long time.

In this article, I will be letting you know why ZIL Is pumping and the Zilliqa price prediction data by a leading predictions platform. Before then, I will briefly give insight into the details of the Zilliqa blockchain and its token – ZIL.

What Is Zilliqa?

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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.

Zilliqa claims to be the world’s first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. 

Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.

Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment, financial services, and payments industries. In its 2018 position paper, its team states that the platform “aims to rival traditional centralized payment methods such as VISA and MasterCard.”

Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL.

As of 2021, the Zilliqa network is an active network that runs millions of transactions each month. The blockchain has also been constantly scaling, going from averaging over 900 blocks produced a day when its main net launched to presently producing over 2500 blocks a day.

What Is ZIL?

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The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

It can be staked to earn APY on the blockchain platform, ZIL has a total supply of 15.8B ZIL – of which 12.5B are already in circulation. It has a market capitalization of $1.4B at the time of this writing.

Also read: Purchasa Token – Is PCA Token The Next 100× Gem?

Why Is ZIL Pumping?

The parabolic move on the Zil token price has kept many asking why Zil is pumping, because of the sudden significant spike in price.

So why is Zil pumping?

ZIL is pumping because of the anticipated launch of the metaverse-as-a-service platform (Metapolis) and its partnership with Agora’s that was announced according to a recent report.

So what is Metapolis and why is it gaining more attention for the Zilliqa blockchain, let’s check the details of Zilliqa Metapolis below.

Related: Tata Coin Crypto – Is Tata Coin Crypto A Good Coin To Buy?

Zilliqa Metapolis

Metapolis is the first metaverse-as-a-service (MaaS) platform powered by a leading L1 blockchain, Zilliqa, providing the infrastructure for tomorrow’s digital future. 

Unlike other metaverses, Metapolis is an immersive always-on layer of engagement built for flexibility, engagement, user experience, and MetaFi opportunities. 

Through Metapolis, brands and clients can create digital locations that suit their needs. Metapolis has already built multiple cities for clients, including top esports teams and luxury brands. Metapolis has built a completely interoperable metaverse that allows users to move to and from cities within Metapolis.

Zilliqa Price Prediction 2022 – 2031

2022Avg. Price $/Change %$0.0777$0.0584$0.11$0.1538.36%$0.1536.29%$0.1432.63%$0.1537.05%$0.1537.74%$0.1642.80%$0.1540.36%$0.1540.64%$0.1644.73%
2023Avg. Price $/Change %$0.1862.27%$0.1647.73%$0.1975.62%$0.1979.02%$0.1755.23%$0.1644.47%$0.2079.91%$0.1865.95%$0.1866.54%$0.1862.78%$0.1650.83%$0.1649.62%
2024Avg. Price $/Change %$0.2194.27%$0.1537.37%$0.2190.19%$0.22101.65%$0.22104.73%$0.1869.55%$0.2193.24%$0.23115.02%$0.1975.79%$0.1643.28%$0.22100.46%$0.2196.47%
2025Avg. Price $/Change %$0.24116.18%$0.22101.72%$0.2082.11%$0.23110.38%$0.25130.28%$0.25133.97%$0.23112.94%$0.22100.33%$0.23110.67%$0.24122.78%$0.23112.92%$0.23115.50%
2026Avg. Price $/Change %$0.2196.48%$0.23114.42%$0.1970.70%$0.2084.80%$0.23107.53%$0.2196.13%$0.2086.00%$0.1976.81%$0.1971.47%$0.23112.91%$0.22105.91%$0.2299.94%
2027Avg. Price $/Change %$0.34209.05%$0.24123.71%$0.25130.07%$0.38245.41%$0.35221.90%$0.23111.26%$0.27147.71%$0.22106.20%$0.25132.84%$0.37244.10%$0.24122.15%$0.27144.52%
2028Avg. Price $/Change %$0.33206.33%$0.35225.72%$0.34215.75%$0.40271.81%$0.38245.32%$0.43292.22%$0.43296.74%$0.37238.61%$0.40271.17%$0.36228.04%$0.39257.69%$0.35221.96%
2029Avg. Price $/Change %$0.44303.80%$0.44303.90%$0.48342.15%$0.44308.32%$0.46327.30%$0.44308.71%$0.46323.03%$0.48342.56%$0.46322.79%$0.45311.65%$0.48345.85%$0.48342.55%
2030Avg. Price $/Change %$0.51366.69%$0.50359.49%$0.50356.79%$0.53387.35%$0.49353.97%$0.51371.38%$0.52375.78%$0.49352.12%$0.52380.92%$0.51369.94%$0.53388.47%$0.50364.24%
2031Avg. Price $/Change %$0.58434.47%$0.58429.64%$0.64491.85%$0.58435.14%$0.63476.72%$0.59440.12%$0.60450.98%$0.60449.29%$0.65496.28%$0.60452.43%$0.55409.37%$0.55404.28%

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About author
Samson Olatinwo is a creative content creator, a young fellow that derives passion from creating insightful content about cryptocurrency and blockchain technology. A cryptocurrency analyst, trader & investor.
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