Zilliqa had been operating below $0.01 before the bullish momentum overtook the market during December last year. The cryptocurrency skyrocketed upwards during the bull run of 2021. Zilliqa had been highly volatile during the bull run – establishing new all-time highs and dropping brutally. The subsequent market crash reversed most of the growth experienced by the cryptocurrency but Zilliqa has embarked on an upward trajectory once again.
At the time of writing, the ZIL coin stands at a price level of $0.11. The price has grown by more than 3% in the daily timeframe while the weekly performance has increased by 14%. The recent growth in cryptocurrency can be attributed to the major developments that have going on in the network. The development team had been highly active and a lot of good things are in store for the network.
Major developments in the network
Zilliqa’s network has been booming with development activities. The monthly newsletter for the month of August revealed major upgrades that were initiated and some planned. The network has planned a bridge between Zilliqa and Ethereum. The bridge will connect both the networks – increasing interoperability. Zilliqa users will be able to benefit from the DeFi opportunities offered by Ethereum’s network. The bridge was initially delayed because of Ethereum’s London hard fork. Per the team, the bridge is ready and will be launched soon.
The mainnet of the network was also updated to v. 8.1.0 on 30th August. The update has been strategically placed to compliment the Zilbridge roll out. Merkle Patricia tree data structures for data storage, contract proof API, multi-token reward distribution were some of the segments that improved during the update. Zilliqa has also been working on a Chinese language development portal to increase its presence in the Chinese-speaking community.
Zilliqa price predictions
The network has been performing particularly well during the past month. It has amassed over $1 billion across its dApps. It has also ranked in the top fifteen layer-1 networks in terms of txn. The upcoming bridge launch is expected to further propel the cryptocurrency. According to the estimates of Wallet Investor, ZIL coin is expected to be operating at a price level of $0.20 in a year’s time and reach towards $0.59 in five years’ time. Digital Coin Price has similar bullish predictions for the cryptocurrency and expects the price level in 2026 to be at $0.41.
