With OKEx listing, Zilliqa (ZIL) saw a surge of 20 percent while the majority of the cryptocurrency market experienced red. The rise in Zilliqa price started with the launch of its prototype testnet which means with Zilliqa’s testnet v2.0 and MainNet launch coming up in Q2 and Q3 respectively, will have its prices soar further.
Zilliqa price surges with OKEx listing amidst red market
While the cryptocurrency market is bleeding red, Zilliqa (ZIL), a relatively new coin is making double-digit gains. ZIL is currently at $0.168147 USD with a 20.70 percent rise in its price. Crypto market might be dominated by the dropping values right now, but Zilliqa is working against the ongoing downtrend trend by making its way to the top 25 cryptocurrencies.
With a market cap being over $1 billion, Zilliqa is currently sitting at 23rd spot. The cryptocurrency has certainly done a great job as last month, it was at $0.039 which is an impressive rise of over 300 percent.
Launched in January 2018, Zilliqa came into the market with a successful ICO. By using the sharding technology, its public blockchain helps in expanding the network and increasing the scalability.
Zilliqa price gradually soar with developments
Ziliqa’s growth went unnoticed until its March rise that was driven by the release of its prototype testnet. The current spurt in ZIL price is all thanks to the OKEx listing. According to the Coinmarketcap, OKEx is the second largest cryptocurrency exchange as per its 24-hour trading volume of $2,147,014,088.
OKEx made the official announcement of ZIL/BTC, ZIL/ETH, ZIL/USDT trading pairs for Zilliqa cryptocurrency. Though the deposit and trading are already live, withdrawal of ZIL token will be enabled from 18:00 May 10, 2018 (Hong Kong Time, UTC +8).
In the last few months, Zilliqa made developments in terms of strategic partnerships and listings. Singapore-based Deloitte will be running the insurance services on the blockchain platform of Zilliqa which if all goes well will further jump its prices. In early April, it also partnered up with Noorcoin, world’s first shariah token. Currently, the popular exchange Binance leads in Zilliqa trading volume.
The testnet v2.0 of Zilliqa is scheduled for release by the end of quarter 2 of this year which means before June 30. Given the price surge, the prototype testnet resulted in, it won’t be a surprise if Zilliqa price rises to $1 value.
There is certainly a good year ahead of Zilliqa with its Mainnet launch and its Anchor Dapp coming in Quarter 3 and Quarter 4 respectively this year.
What do you think the Zilliqa price will surge to by the end of this year? Share your thoughts with us!