In recent days, the price of Bitcoin (BTC) has been hovering around the $10,000 resistance level, while several altcoins, such as Zilliqa (ZIL), have shown tremendous bullish momentum.
Zilliqa, a fast-rising cryptocurrency, according to data obtained from coinmarketcap, is the 36th most valuable cryptocurrency presently with a market capitalization of $245.25 million. It has a daily trading volume of about $90.85 million, with an impressive bullish run since the crash in March (est March 13 cap $29 million) and a surge of over 845%.
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What you should know about Zilliqa: Zilliqa is a type of cryptocurrency that focuses on making blockchains more scalable and much faster; It uses sharding technology to simplify the consensus process so that blockchains like Ethereum can provide fast transaction processing successfully.
Zilliqa, (ZIL) can be traded on many popular crypto exchanges, which include Binance Bithumb, Huobi, BITBOX, and OKEx. Its crypto trading pairs include BTC, USDT ETH.
(READ MORE: About 33% of pension funds, hedge funds now own digital assets such as Bitcoin)
Zilliqa, presently has about 10.19 billion of its digital coin in circulation out of a total supply of 13.48 billion.
Meanwhile, a few weeks ago, this cryptocurrency registered a record number of 4 million blockchain transactions (since its mainnet began in January 2019), less than two months after touching the 3 million mark.
Unbelievable. Less than 2 months ago we were at 3 million transactions and now we just reached 4 MILLION! ?
Thank you to all our ecosystem partners and community members. Let us get to 5 million and beyond! ?#BUIDL ?️
– MS pic.twitter.com/oysbYkVZAD
— Zilliqa (@zilliqa) May 14, 2020