catalysing open commerce with Zilliqa ,ZILUSDT analysis🌟What Is Zilliqa (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.
✅what Makes Zilliqa Unique?
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 and 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.
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✅TECHNICAL ANALYSIS
As we can see in the logarithmic chart above, when the price is above 8,21,55 EMA that it is in an uptrend chanell, but in the cheap scenario we only see a rebound on EMA of 50 near green box or price of 0.05$ , and after the pullback we can Reaching a higher high levels, however, if anyone want to buy this asset, best recomandetion is to buying step by step .
This asset can have a very bright future and price targets for this currency are amazing Although its technically achievable and you can adjust it to around $ 0.33 and $ 1.4 and if the market supports and flourishes in the Alt season it will grow to about $ 10 and more. .
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
