Zilliqa took the crypto market by storm with its scalable solution for decentralized applications (DApps). Purportedly, Zilliqa is the first permissionless public blockchain to implement sharding on its mainnet. This approach allows Zilliqa to achieve high throughput and to complete thousands of transactions per second. The platform also allows for staking and yield farming.
Development of Zilliqa started in June 2017, with its testnet launching in March 2018. In June 2019, Zilliqa launched its mainnet. Zilliqa’s native utility token is ZIL, which is used to process transactions on the network and execute smart contracts. Zilliqa targets large-scale enterprises in various industries, including gaming, advertising, entertainment, and finances.
Zilliqa has been successful and currently runs millions of transactions every month. The blockchain has constantly been scaling up, nearly tripling the number of blocks produced daily since the mainnet went live. But what is the future of the ZIL token? Is it as successful as the Zilliqa platform? Let us discuss it in the following ZIL price prediction for the coming years.
Zilliqa (ZIL) Overview
As of October 29, 2023, ZIL was the 101st most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.
Zilliqa (ZIL) Price History
The ZIL token began trading in the open market on January 25, 2018, at $0.13. However, this price dramatically plunged to around $0.05 within a few days, going to as low as $0.03 in mid-March. Later, the ZIL price recovered, spiking to $0.16 on May 14. But the ZIL price did not remain stable, dropping throughout that year’s second half. ZIL traded at $.013 on December 10 and closed 2018 at $0.019.
In 2019, the ZIL price remained low, hardly climbing above $0.02. During the second half of 2019, the ZIL price dropped even further, below the $0.01 mark. The following year was not better. The ZIL price reached its all-time low of $0.002 on March 12, 2020. During the second half of 2020, ZIL showed signs of recovery. This token’s price noticeably increased in December that year, reaching nearly $0.08 on the last day of 2020.
The uptrend of December 2020 continued in 2021. The ZIL price skyrocketed within the next few months, reaching its all-time high of $0.25 on May 6 of that year. However, the price fell in the following weeks, dropping to around $0.06 on July 19. A new uptrend ensued, taking the price to $0.13 on September 5. From that point, the ZIL price steadily dropped, ending 2021 at around $0.07.
The downtrend continued in 2022. The ZIL price suddenly spiked by the end of March of that year, reaching nearly $0.18 on March 31. But it was a short-lived spike. The ZIL price dropped to around $0.03 by mid-June. The price continued to fall through the year’s remainder, ending 2022 at $0.016. In 2023, the ZIL price has slightly fluctuated without any significant movement. As of October 29, 2023, ZIL traded at around $0.019.
Zilliqa (ZIL) Price Prediction
Zilliqa (ZIL) Price Prediction for 2023
Can we expect a significant price movement in this year’s remainder? It might be. Even though there are just two months until the end of 2023, the ZIL price might show a moderate increase. PricePrediction indicates that ZIL could trade at a maximum of $0.026 within the next two months. BitcoinWisdom predicts a maximum price of $0.028. DigitalCoinPrice is more optimistic, indicating a maximum price of $.04. Hence, if you invest in ZIL at the current price of $0.019, your investment could grow by +110%. However, remember this growth is assuming an over-optimistic scenario. A more realistic expectation is around +40%.
Zilliqa (ZIL) Price Prediction for 2024
In 2024, the ZIL price will continue to expand. PricePrediction expects this token to trade at $0.034 on average, possibly reaching $0.04. BitcoinWisdom is slightly more optimistic, with an average price of $0.042 and a maximum of $0.047. For its part, DigitalCoinPrice predicts an average ZIL price of $0.048 and a maximum of $0.049 in 2024. Hence, a ZIL investment at the current $0.019 could increase its value by +157%.
Zilliqa (ZIL) Price Prediction for 2025
PricePrediction expects the ZIL token to trade at $0.049 on average in 2025, possibly reaching $0.059. BitcoinWisdom indicates that the average price will be $0.061, with a maximum of $0.067. DigitalCoinPrice forecasts a similar scenario, with an average ZIL price of $0.064 and a maximum of $0.068. So, if you invest in ZIL at the current $0.019, your investment could increase its worth by +258% in 2025.
Zilliqa (ZIL) Price Prediction for 2030
In 2030, the ZIL price could reach new highs. According to BitcoinWisdom, ZIL will trade at $0.15 on average in 2030, possibly reaching $0.16. DigitalCoinPrice is more optimistic, with an average and maximum price of $0.2. PricePrediction expects ZIL to reach an average price of $0.32 and a maximum of $0.36, a new all-time high. If you invest in ZIL at the current $0.019, your investment could grow by +1,795% in 2030.
Conclusion
Zilliqa is a promising platform for the crypto and blockchain industries. It has demonstrated effective scalability through sharding. Its native utility token, ZIL, has also performed well in several instances. However, the ZIL price has significantly dropped in the last year. But price predictions are optimistic about the future of this crypto asset. If you want to invest in this token, you can purchase it on LetsExchange.io at competitive rates. Remember to research this token thoroughly before investing.
FAQs
Is Zilliqa (ZIL) a good investment?
It might be. Even though the ZIL token has performed poorly in the last year, price predictions indicate it will recover in the coming years. The ZIL token could yield profitable returns as a long-term investment.
Should I invest in Zilliqa (ZIL)?
Investing in cryptocurrencies is risky. Hence, only you can decide whether to invest in ZIL. Research this token beyond price predictions to make a more informed decision.
How high can the ZIL token go?
According to PricePrediction, ZIL could sell at a maximum of $0.82 in 2032.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.