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Zilliqa Price Prediction 2023-2031: What’s the future for ZIL?

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Zilliqa Price Predictions 2023-2031

The short growth span has made relatively new coins like Zilliqa (ZIL) more interesting among crypto traders and investors. Will this growth be cut short by doubts about the safety of crypto exchanges? Are Zilliqa Price Predictions affected by crypto exchanges’ fiasco?

Noticeable are two immediate market responses that can affect crypto prices after the FTX fiasco:

  • Roughly $3.7 billion in BTC and $2.5 billion in ETH withdrawn
  • Over $2 billion in stablecoins was also taken off exchanges

From one perspective, less Bitcoin in circulation could be good as the prices rise with the scarcity of the coin, and when the BTC price goes up, prices of altcoins are pulled up with it, simple demand-and-supply economics. Ranting about BTC and the need for crypto regulation is tantamount to barking up the wrong tree because FTX is the extreme opposite of Bitcoin and decentralization.

The crypto community should pull in together to make their coins more popular and make others know how the crypto network is special. For one, users should rally around ZIL in the coming years. Some questions need answers and founders should strive to complete the roadmap for their startups.

Today’s Zilliqa price is $0.023154 with a 24-hour trading volume of $21,232,915. Zilliqa is up 0.97% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $314,373,637. It has a circulating supply of 13,577,730,482 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.

Also Read:

What is Zilliqa (ZIL)?

Zilliqa (ZIL) is the native token/cryptocurrency of the Zilliqa blockchain. It serves several roles within the blockchain network, with the primary role being used as a digital currency within the network.

What is the Zilliqa blockchain network?

Zilliqa is a decentralized blockchain network that enables developers to develop decentralized applications (DApps) for enterprises using smart contracts and sharding technologies. It is based in Singapore and was launched in 2017, co-founded by Amrit Kumar, the current president; Yaoqi Jia, its current chief scientific officer; Xinshu Dong, who is currently a board member; and Max Kantelia, who is a board member and an adviser.

Zilliqa was the first public blockchain network around the world to use sharding, which refers to the use of side chains (or smaller blockchain networks attached to the mainnet) to perform certain tasks instead of burdening the mainnet with everything.

In a nutshell, sharding makes a blockchain network more scalable as it avoids congestion in the mainnet. Besides the side chains responsible for processing transactions within the blockchain network, a Zilliqa user can develop a decentralized application and attach it to Zilliqa’s mainnet as a side chain.  

By integrating sharding, the Zilliqa blockchain has remained highly scalable as its user base continues to grow.

How does Zilliqa Network work?

Zilliqa was developed to solve scalability concerns, one of the biggest concerns among legendary blockchains like Bitcoin and Ethereum. By using Sharding, Zilliqa has achieved high scalability.

There are multiple shards (side chains) attached to Zilliqa’a mainnet responsible for processing a very high throughput of transactions in a cost-effective, speedy and efficient manner. Zilliqa can process thousands of transactions within a second compared to Bitcoin, where transactions can take up to 10 minutes to be processed.

Because of its scalability, Zilliqa is an ideal blockchain for processing complex computational tasks like financial modeling and data mining, making it a perfect choice for data-based academic research, internet of things (IoT) applications, training neural network training, and machine learning applications. 

What are the benefits of using Zilliqa (ZIL)?

Though a relatively new blockchain technology compared to Bitcoin and Ethereum, Zilliqa blockchain offers a wide range of benefits to its Zilliqa (ZIL) users. These benefits include:

  • Decentralization

Zilliqa is a public decentralized blockchain network meaning it has no central coordinator(s), and users do not have to worry about their transactions being handled by middlemen or a central authority since there are none. 

Anyone can purchase the Zilliqa (ZIL) cryptocurrency on a cryptocurrency exchange like Binance, OKEX, Huobi, TRANSAK, UPbit, Changelly, SimpleSwap, BitFinex, or KuCoin, among others, and use it for staking, buying merchandise from Zilliqa Merchadize store, covering smart contract execution fees, and covering transaction fees.

  • High scalability

By using sharding, Zilliqa can handle large transfers within minutes without becoming congested.

  • Smart contracts

Zilliqa provides developers with a smart contract-enabled programming language called Smart Contract Intermediate-Level Language (Scilla).

They allow developers to develop DApps and allow parties to execute agreements efficiently without third parties. 

  • Security

Zilliqa integrated enterprise-grade security features that have gone a long way in ensuring that hackers cannot access its transactions or the DApps developed on the blockchain. It has never been hacked since it was invented, and developers have been developing exciting DApps that run on the blockchain. 

  • Low fees

By using sharding, Zilliqa has avoided congestion, which is a major contributor to rising miner fees and gas prices on other blockchains. 

Zilliqa (ZIL) Price History

Zilliqa conducted an Initial Coin Offering (ICO) that ended in January 2018, raising ether (ETH) worth $22 million. At the time of the ICO, one ZIL coin was going for 1 ZIL = 0.0000084656 ETH, and only 30% of the ZIL’s total supply of 21 million ZIL coins was up for the ICO sale.

Originally the ZIL cryptocurrency was an ERC20 token since the Zilliqa blockchain had been launched on the Ethereum blockchain. However, the Zilliqa blockchain introduced its mainnet in 2019, and the ERC20 was swapped with Zilliqa (ZIL) tokens. 

The current circulating supply is about 11,670,142,875 ZIL tokens out of the total 21,000,000,000 ZIL tokens generating a market capitalization of $1.2 billion.

Zilliqa Price Prediction 2023-2031: What's the future for ZIL? 1
Zilliqa price forecast Market Cap chart from coinmarketcap

The coin hit its all-time high market price of $0.2563 on May 06, 2021.

Its all-time low of $0.002477 was recorded on March 13, 2020, when most cryptocurrencies were struggling with a persistent bearish trend.

However, the Zilliqa price predictions are based on our proprietary algorithms and technical analysis. The actual prices may differ slightly from our predictions. Although we are confident in our forecasts, investing in digital assets is very risky. Always do your own research before making any investment decisions.

Zilliqa Latest Developments

Zilliqa is building its gaming console!

6 months in, and our gaming team already developed the Unity SDK, WEB3WAR, and the gaming hub. But the one thing that brings everything together — is hardware. That’s right. Zilliqa is building its very own gaming console! Hear them talk about it!

@Zilliqa

The ZIL/JPY trading pair went live on OKCoinJapan on 10 November 2022 at 5 pm JST (GMT +9), with customers able to buy, sell, trade, and hold ZIL on the platform. ZIL is the 20th digital asset to be listed on the exchange and offers the first direct on-and-off ramp to the Zilliqa ecosystem for Japan’s user base. This means that the Asian crypto market is making brisk business despite the collapse of FTX.

Zilliqa Technical Analysis

The price of Zilliqa over the past few months has been fluctuating due to the high volatility experienced in the crypto market. The Zilliqa price demonstrates a potential positive growth rate in the short-term and long-term price predictions. Based on the chart analysis below, the Zilliqa price could record possible higher prices in the subsequent years. The Chart indicates that the Zilliqa price remains bullish until the fundamentals begin to play a part. Currently, the price of Zilliqa has risen by 0.24% within the past 24 hrs.

Zilliqa Price Prediction 2023-2031: What's the future for ZIL? 2

Zilliqa Price Predictions by Cryptopolitan

The price of Zilliqa has been fluctuating recently, recording a more comprehensive range of prices over the past few months due to the increase in crypto volatility. The recent bear market had several crypto coins decline in value, resulting in a shake-off of more than half the total crypto market cap. According to the price forecasts, the Zilliqa price could average $0.035 by the end of 2023. Similarly, the price projections of Zilliqa show that  Zilliqa coin value could reach $0.090 by 2025 and trade beyond $0.50 by 2030. Below is a detailed breakdown of other crypto prediction platforms’ projected prices of Zilliqa tokens.

Zilliqa Price Prediction 2023-2031: What's the future for ZIL? 3
YearMinimum PriceAverage PriceMaximum Price
20230.0340.0350.040
20240.0510.0520.059
20250.0780.0800.090
20260.1100.1200.130
20270.1600.1700.200
20280.2400.2500.280
20290.3500.3600.420
20300.5000.5100.590
2031$0.74$0.76$0.88

Zilliqa Price Prediction 2023

Our Zilliqa price prediction for 2023 is a maximum price of $0.040. We can expect the Zilliqa price to be around an average of $0.035 and a low of $0.034 for the same year.

Zilliqa Price Prediction 2024

Our Zilliqa price prediction for 2024 is a maximum of $0.059. We can expect the Zilliqa price to be around an average of $0.052 and a low of $0.051 for the same year.

Zilliqa Price Prediction 2025

Our Zilliqa price prediction for 2025 is a maximum of $0.090. We can expect the Zilliqa price to be around an average of $0.080 and a minimum price of $0.078 for the same year.

Zilliqa Price Prediction 2026

Our Zilliqa price prediction for 2026 is a maximum of $0.13. We can expect the Zilliqa price to be around an average of $0.12 and a low of $0.11 for the same year.

Zilliqa Price Prediction 2027

Our Zilliqa price prediction for 2027 is a maximum of $0.20. We can expect the Zilliqa price to be around an average of $0.17 and a minimum value of $0.16 for the same year.

Zilliqa Price Prediction 2028

Our Zilliqa price prediction for 2028 is a maximum value of $0.28. We can expect the Zilliqa price to be around an average trading price of $0.25 and a low of $0.24 for the same year.

Zilliqa Price Prediction 2029

Our Zilliqa price prediction for 2029 is a maximum of $0.42. We can expect the Zilliqa price to be around an average of $0.36 and a low of $0.35 for the same year.

Zilliqa Price Prediction 2030

Our Zilliqa price prediction for 2030 is a maximum of $0.59. We can expect the Zilliqa price to be around an average price of $0.51 and a low of $0.50 for the same year.

Zilliqa Price Prediction 2031

Our Zilliqa price prediction for 2031 is a maximum of $0.88. We can expect the Zilliqa price to be around an average market value of $0.76 and a low of $0.74 for the same year.

Zilliqa Price Prediction by Walletinvestor

The Wallet Investor platform is bearish on the price of Zilliqa. The cryptocurrency is expected to record price drops throughout the year. According to their smart technical analysis, the Zilliqa coin could trade at an average market price of $0.00272 within a one-year forecast. The predicted price declines make Zilliqa a bad investment for the short term and potentially for the long term. According to WalletInvestor, the future price of Zilliqa makes it a bad long-term investment that could lead to losses in the future. 

Zilliqa price prediction by TradingBeasts

The Trading Beast platform gives a bullish prediction for the Zilliqa coin. According to their figures, the price of Zilliqa will fluctuate over the years but will record a relatively bullish trend. The forecasts show the token price could increase overall, making it a good token to invest in for the long term. The predicted price of Zilliqa by 2025 is $0.0703880, translating to a 139% increase from the current price. The projected increase makes Zilliqa token a good investment option for crypto enthusiasts.

Zilliqa Price Predictions by Industry Influencers

Zilliqa price predictions have taken several directions with some industry experts predicting a much slower growth rate than others. Essentially, individual industry experts make predictions based on the different aspects of the digital coins including the virtual currency’s platform, the perceived market acceptance, the founders, the community, and even the general appeal of the cryptocurrency to them and the overall market. Generally, crypto industry experts and influencers have an optimistic view of the coin, and most predictions involving the analysis of the trend line show positive outcomes.

Below is an optimistic tweet predicting the future of the Zilliqa token’s average price over the years.

@HODL ALERT, a YouTube crypto channel, provides some insight into why purchasing Zilliqa (ZIL) tokens at the moment could be a good buy for the future.

YouTube video

Conclusion

The future price of Zilliqa according to the price forecast of Zilliqa shows the optimistic growth of the crypto coin. Zilliqa operates on a strong platform that is expected to realize impressive future results according to the forecasts.

The launch of the metaverse project – “metapolis,” in April spurred Zilliqa to a new level of publicity, leading to massive price pumps. Following that success, Zilliqa is looking to explore another sector of the blockchain industry

Recently, Zilliqa announced plans to delve into the Web3 gaming space, with the launch of a hardware game console and gaming hub slated for 2023. Based on this trend, interested investors in Zilliqa can be assured of continuous development and expansion of the network.

According to our predictions, Zilliqa is an excellent portfolio addition for long-term investors, with the potential to record massive profits in the coming years. Nevertheless, remember to do your diligence and consult market experts before making any investment decision. This is not investment advice and more research should be conducted before investing in the Zilliqa coin.

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FAQs

Is ZIL a good investment?

Many things affect ZIL’s price. The rate of supply and demand, the awareness, competition faced, and developments made all affect the price, and since the network is in constant growth, we expect that the price will constantly rise. Ultimately, ZIL can be a good investment.

What does buffered deposit mean?

If you're getting the 'buffered deposit' error when trying to unstake your ZIL, just wait for up to 24 hours and try again.

What are signs for a bullish trend for ZIL?

The main pointers for a long-term bullish trend of the ZIL digital coin prices include DApps, NFTs, Staking, Zilliqa Initial Launch Offering (ZILO), and the increasing adoption of Zilliqa blockchain users owing to its scalability and security features.

What's the role of DApps in the Zilliqa?a ecosystem?

Zilliqa DApps ecosystem is expected to expand in the future as more DApps developers seek alternative blockchains to Ethereum due to the increasing gas prices on the Ethereum blockchain. With more DApps launched on Zilliqa, ZIL token users will also increase, and thus the bullish ZIL cryptocurrency price prediction in the long term.

How do I make money with staking?

Besides trading the ZIL token on various crypto exchanges, Zilliqa also allows non-custodial staking through a propriety system referred to as the Zillion portal. The current APY for staking ZIL on the platform is about 6% which is considerably high compared to staking other cryptocurrencies elsewhere, making ZIL staking a good investment and a coveted yield farming option.

How can Zilliqa users profit from NFTs?

Zilliqa team also launched an NFT marketplace called ZILSTAR, in partnership with Polaris Sports, where users can buy and sell iconic football stars. Learn more here: Zillistars NFT marketplace

What is Zilliqa coin used for?

Zilliqa coin (called ZIL) is the native coin used on the Zilliqa blockchain. Zilliqa uses sharding technology to increase the number of transactions the blockchain can handle. Zilliqa coins are used to pay for computing power on the Zilliqa blockchain.

How high can ZIL go?

Favorable market conditions will push ZIL to a high price of $0.880 in 2031.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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