There has been a lot of interest in Zilliqa ZIL/USD, Polkadot DOT/USD, and Chainlink LINK/USD, due to the fact that they are all offering solutions to some of the biggest scaling issues found in the most popular blockchains out there. That being the case, is this interest warranted, and do they have a future?
To get a better perspective on this, we’ll be analyzing each of them.
Should you buy Zilliqa?
Zilliqa on June 2 traded at $0.127. It started off May 2 with a value of $0.204. This means it has lost 37 over a short period of time. But Zilliqa is actually higher by 60% since the start of 2021.
Zilliqa is the first blockchain that implemented sharding, which allowed for linear scaling as the blockchain grew in size. The network’s design enables it to handle large, international value transfers as well as microtransactions, which did not scale easily on other blockchains. Developers want to rely on this network that can scale per requirement and isn’t affected in terms of speed by an increased dApp usage and development.
In April, they announced an NFT collector package with boxer Terence Crawford, and in May, they joined forces with National Gallery SG’s Art x Tech Incubator Y-lab to help artists drive the new NFT revolution.
Given the fact that since the beginning of the year the value has gone up more than half, it might be a wise idea to consider an opportunity here as the momentum should continue the price of ZIL has the potential to increase to over $0.5 by the end of the year, assuming the developments and software upgrades deliver on the rising demand.
