Despite many other currencies, Zilliqa (ZIL) is the most-talked-about coin on the crypto market. This Zilliqa crypto project was brought to life by a dedicated team of consultants and blockchain algorithm specialists in 2017. This article delves into Zilliqa investment potentials and ZIL price predictions for 2023-2030.
What is Zilliqa (ZIL)?
Zilliqa is software designed to incentivise a global, distributed network of computers to operate a blockchain platform that intends to increase user scalability via sharding. Thus, Zilliza is one of several competing blockchains seeking to expand an ecosystem of decentralised applications and cryptocurrencies alongside Ethereum, Tron, and EOS.
Zilliqa employs a sharding technique that divides its infrastructure into multiple interconnected blockchains to distinguish itself from competitors. Zilliqa also introduced Scilla, a native programming language focusing on security for developers to write and deploy customisable decentralised applications that mimic real-world services.
Zilliqa’s cryptocurrency, ZIL, is used for holding, transmitting, and staking and plays a vital role in the network’s operation and maintenance. Users can vote on network enhancements by possessing and staking ZIL, with each vote proportional to the quantity of ZIL staked. Like many other coins, the supply of ZIL is limited, with the software’s regulations dictating that there will never be more than 21 billion ZIL.
Significant Updates on Zilliqa (ZIL)
Ionise Protocol Launches on Zilliqa EVM, Introducing Decentralised Money Market Functionality
Ionise, a decentralised money market protocol, has launched on the Zilliqa mainnet, marking the first deployment of an Ethereum Virtual Machine (EVM)-based money market protocol on the Zilliqa blockchain. Built on the Zilliqa EVM network, Ionise enables users to lend or borrow tokens while maintaining full control over their holdings in a non-custodial environment. This development is crucial for fostering a vibrant decentralised finance (DeFi) ecosystem on Zilliqa, attracting more users to engage with EVM-compatible applications and increasing transaction volume.
At its initial stage, Ionise supports borrowing and lending for zUSDT and ZIL tokens, with plans to expand its token support in the future. The platform allows users to borrow tokens without credit checks, supplying tokens as collateral and earning a variable Annual Percentage Yield (APY) for providing liquidity to the protocol. Ionise operates without intermediaries, utilising smart contracts on the Zilliqa EVM network for all transactions, ensuring security through transparency in its codebase, derived from a proven and battle-tested protocol.
While Ionise is in early development, upcoming features are anticipated to enhance DeFi opportunities and expand the range of available assets on the platform.
Powering a fan loyalty revolution
Zilliqa Group has partnered with Racing League to develop a Web3-powered loyalty program, aiming to revolutionise the fan experience in horse racing. Racing League, known for its innovative team-based format in the UK, seeks to enhance engagement through fan loyalty, jockey drafts, and governance involvement. The partnership leverages Zilliqa’s blockchain for a secure and reliable platform, offering fans rewards such as participation in team decisions and ownership of racehorses. Zilliqa’s Head of Business Development for Sports and Gaming, Tom Fleetham, highlights the potential of Web3 in expanding fan interaction beyond traditional betting, creating a more immersive experience.
The loyalty program, embedded in the blockchain, allows fans to own a share in their favourite horses, vote on team decisions, and access exclusive experiences. The long-term vision includes incorporating Racing League’s intellectual property into a fantasy racing game rewarding fans for their expertise. Zilliqa’s strategy involves building an extensive Web3-powered fan loyalty ecosystem, with recent success seen in partnerships like MAD Lions’ loyalty program, The Pride. The goal is to demonstrate how blockchain technology can enhance fan experiences without requiring users to become blockchain experts, fostering engagement and community building in various industries.
Improving network efficiency ahead of Zilliqa 2.0
Zilliqa has successfully passed two proposals through its governance portal, each receiving over 90% voter support. The first proposal addresses the increasing block production rate and subsequent rise in rewards, introducing an active reward control mechanism to manage ZIL token inflation responsibly. A committee will regularly revise reward levels to align with network and governance decisions while ensuring competitive returns for miners and stakers. The second proposal focuses on efficiency by temporarily eliminating underutilised shards in preparation for the upcoming Zilliqa 2.0 launch. This change aims to enhance network throughput and reduce block time. Additionally, adjustments to miner rewards aim to address allocation disparities, encouraging decentralised hosting and promoting a fairer reward system without eliminating rewards for more efficient miners. These changes underscore Zilliqa’s commitment to network sustainability and efficiency.
Zilliqa (ZIL) Price History
When ZIL first appeared in early 2018, it was valued at about $0.135. Despite a subsequent decline, the price increased to $0.19 in May of 2018 but then fell back to around $0.005 and remained relatively stable throughout 2019 and 2020.
Early in 2021, however, the crypto market experienced a surge, and ZIL responded favourably, reaching an all-time high of $0.2563 on May 6, 2022, before the market experienced a decline. It closed the year at $0.07479.
The price of ZIL was affected by a series of market collapses during the turbulent year of 2022. The price rose to $0.2281 in April, but by June 2022, it plummeted to $0.02962, a low point. After that, there was a recovery, but the collapse of the FTX exchange led it to a low of $0.01541 on 30 December 2022 before closing the year at $0.01583, a nearly 80% annual loss.
On 9 January 2023, ZIL traded for $0.02563 due to several blockchain-based projects. The coin’s resurgence continued over the next two months, with a high of $0.03667 on February 23 and a low of $0.02151 on March 10 due to the collapse of Silvergate Bank. By mid-April, however, the coin had made yet another recovery and was worth approximately $0.034 on April 19th.
Read more: SAND Price Predictions 2023-2030: Is The Sandbox A Good Investment?
Zilliqa Price Forecast: Expert’s Opinions
First, CoinCodex provided a somewhat pessimistic short-term Zilliqa price for 2024, indicating that the coin’s price could decline to $0.031776 by 24 April and then to $0.023428 by 20 May. The site’s technical analysis was neutral, with 24 indicators sending bullish signals and 10 sending bearish ones.
In the meantime, DigitalCoinPrice predicted that the Zilliqa coin price would reach $0.0703 this year before reaching $0.12 by 2025. The site then made a price forecast 2030, stating that the coin’s value could reach $0.35 that year.
Next, CryptoPredictions projected that the price of ZIL would reach $0.043179 by the end of 2024. The crypto is anticipated to begin the year at $0.04177697 and end it at $0.049578.
Finally, Wallet Investor predicted that the Zilliqa price would decline to $0.00499 by April 2024, indicating that the coin was in for a difficult year.
ZIL Price Predictions 2023-2030
| YEAR | MINIMUM PRICE | MAXIMUM PRICE |
| 2023 | $0.0243 | $0.0590 |
| 2024 | $0.0502 | $0.0723 |
| 2025 | $0.0645 | $0.0929 |
| 2026 | $0.0824 | $0.119 |
| 2027 | $0.097 | $0.140 |
| 2028 | $0.120 | $0.173 |
| 2029 | $0.152 | $0.219 |
| 2030 | $0.198 | $0.286 |
Zilliqa Price Prediction 2023
In 2023, Zilliqa is anticipated to trade at an average price of $0.0416. The predicted price range for ZIL is $0.0590 to $0.0243. The Zilliqa price will be around $0.0579 by the end of the year.
ZIL Coin Price Forecast 2024
The predicted average price of ZIL for 2024 is approximately $0.0613. According to our ZIL price forecasts, ZIL will likely reach a high of $0.0723 and a low of around $0.0502. Zilliqa will be an adequate investment opportunity for long-term investors. Investors can earn returns over 100% if they adopt the prevalent strategy of buying on declines.
Zilliqa ZIL Price Prediction 2025
By 2025, our Zilliqa price may have experienced exponential growth and reached its utmost price of $0.0929. Its average price will be $0.0787 by the end of 2025.
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ZIL Token Value Forecast 2026
In 2026, the average price of Zilliqa is projected to be around $0.100. Therefore, it might surpass $0.119 by the end of 2026. While the low may be near its crucial level of $0.0824, this is unlikely. Thus, short-term investors and speculators can buy Zilliqa on declines to generate substantial returns on their investment.
Predicted Zilliqa Coin Price 2027
In the year 2027, the Zilliqa price will average $0.119. The expected price high for Zilliqa is $0.140, while the expected price low is $0.097. The price forecast for Zilliqa (ZIL) for the end of the year is approximately $0.138.
ZIL Cryptocurrency Forecast 2028
The average price of Zilliqa is anticipated to be $0.147. The minimum price for Zilliqa is anticipated to reach $0.120 by the end of the year. In addition, the utmost value of the ZIL coin may be approximately $0.173.
ZIL Token Forecast Price 2029
According to the ZIL crypto price forecast, the price of one coin is anticipated to surpass $0.185. The minimum price for Zilliqa is anticipated to reach $0.152 by the end of the year. In addition, the utmost value of ZIL coins may be approximately $0.219 each.
Zilliqa Price Prediction 2030
For 2030, the average value of the coin is predicted to be $0.242. The ZIL price is anticipated to attain a minimum of $0.198 by the end of the year. Additionally, the ZIL price could reach its utmost of $0.286.
Is Zilliqa (ZIL) A Good Investment?
CoinMarketCap lists nearly 150 smart contract coins. There is a high possibility that only a handful of each will ultimately prevail. Each project has slightly different technologies, strategies, and objectives, making it challenging to identify the long-term victors. One method to evaluate programmable coins is the quantity and calibre of the ecosystem’s projects.
Zilliqa is a relatively well-established crypto with a reputable management team. It also features a combination of decentralised finance and additional applications. Defi Llama ranks 54th in total value locked (TVL), at nearly $30 million in TVL, a fraction of Ethereum’s almost $130 billion market cap.
Regarding the metaverse, it is unknown how these virtual environments will develop. These crypto initiatives compete with the entire technology industry. In evaluating metaverse cryptocurrencies, we must consider the struggle between the community-driven decentralised world and the centralised universes created by tech titans such as Meta.
This is one of many challenges in assessing Zilliqa as an investment. When a project’s price begins to surge, as Zilliqa’s recently did, crypto traders may attempt to leverage the tide. A high-risk strategy for retail investors, they purchase to sell fast and realise short-term gains. This speculation makes it difficult for longer-term investors to determine how much of the company’s development is based on short-term speculation versus actual value addition.
Read more: VRA Price Predictions 2023-2030: Can VRA Price Exceed $1?
Zilliqa (ZIL) Price FAQs
Will Zilliqa go up or down?
While some prediction websites, such as DigitalCoinPrice, were optimistic as of 19 April 2023, others, such as WalletInvestor, were substantially more optimistic. Always note that price predictions are frequently inaccurate and that prices can and do fall and rise.
When will ZIL’s price reach $1?
Currently, the trading price of Zilliqa is approximately $0.0274. Our technical analysis indicates that the Zilliqa (ZIL) price may eventually reach $1. Our ZIL price forecast is based on Zilliqa price forecasts made by industry experts; it is not intended as investment advice. You are recommended to conduct your research based on the technical analysis of the crypto market’s key indicators.
Should I invest in Zilliqa?
This is a query that you must answer on your own. Before deciding whether to invest in Zilliqa, you must conduct your own investigation on Zilliqa and other coins and tokens. Never invest more than you can afford to lose, as prices can fluctuate up and down.
Is buying ZIL legal in Australia?
The buying and trading of cryptocurrencies, including Zilliqa (ZIL), are legally authorised in several countries, such as Australia, the United States, the European Union, Canada, and El Salvador. ZIL tokens can be purchased via crypto exchanges via debit and credit cards. For further information, you can read our reviews of crypto debit cards and crypto credit cards.
Where to buy ZIL in Australia?
You can buy Zilliqa (ZIL) in several crypto exchanges, but choose a reputed platform registered with AUSTRAC. Our top recommendation is CoinSpot, which provides a user-friendly interface, free AUD deposits and withdrawals, a diverse selection of over 380 coins, and staking services. You can read our CoinSpot review here to learn more about it.
Final Thought
When considering Zilliqa (ZIL) price predictions, it is essential to acknowledge the inherent volatility of crypto markets. This fluctuation makes short-term price forecasts challenging and long-term estimates even more uncertain. Any analysis and forecasts solely based on algorithms may not give accurate predictions.
We strongly recommend conducting thorough research if you want to invest in ZIL. This includes analysing current market trends, staying updated on the latest news, performing technical and fundamental analyses, and evaluating expert opinions. Remember that past performance does not necessarily indicate future returns, and only invest with funds you can afford to lose.
