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Zilliqa Price Grows: Reaction to Weekend Events

26 May 2020 16:59, UTC
Zilliqa Price Grows: Reaction to Weekend Events
By Anna Martynova

The Zilliqa (ZIL) rate has grown by almost 35% over the past 24 hours, as a reaction to the events that occurred on the weekend.

The crypto exchange Binance announced that it is going to place the ZIL/BUSD trading pair on Friday last week. Then Ethereum co-founder Vitalik BUTERIN wrote on Twitter that Zilliqa, like Ethereum, has many opportunities for success and prosperity in the future. It took three days for the cryptocurrency to prove itself in the market, and the price of a coin raised from 0.009849 to 0.013294 dollars.

Since the last major fall of the crypto market on March 12, the monthly growth of Zilliqa coin price is 179%, and the total growth of the coin after Black Thursday was 432%. The listing of the ZIL/BUSD trading pair to the crypto exchange Binance on May 22 has also affected the coin price. According to CoinMarketCap, by May 26, the ZIL/BUSD pair showed a trading volume of about $464,000 over the last 24 hours.

Representatives of Zilliqa claim that this is the first blockchain to successfully use sharding as a scaling method. However, Ethereum 2.0 is already on its way and should take the first steps in this direction in the third quarter of 2020.

Image courtesy of Crypto Coin Expert



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