The days of random cryptocurrencies raking in mammoth returns over short periods are gradually phasing away.

Now, investors are looking for only proven projects. Zilliqa is one of such, with an aim building not only the fastest network but also the safest network in the industry.

Given the current state of the market, Zilliqa’s growth has remained quite unnoticed until recently.

Zilliqa (ZIL) opened the month of July with an uptrend that lasted till July 9. ZIL steadily accumulated gains of up to 20% during that time.

Zilliqa opened the month of July with a trading value of $0.068, however, ZIL reached a trading high of $0.084 on July 9 before the market went southwards for Zilliqa.

Although Zilliqa was not able to maintain the uptrend to cross the $0.1 mark, it won’t take long before another uptrend resumes.

Market Status of Zilliqa (ZIL)

Following the strong run in price, Zilliqa has been on the bearish end for the last three days.

However, ZIL is beginning to show some positivity with a 0.6% rise in value over the last 24 hours. Zilliqa now has a trading value of $0.067.

Zilliqa is ranked as the 27th largest cryptocurrency with an estimated market capitalization of $510.4 million USD.

With a new migration, the high performance and efficiency of the Zilliqa network has once again been confirmed.

Etheremon Moving to Zilliqa from Ethereum

It is no longer news that Ethereum blockchain suffers from low throughput and high transaction fees.

The Ethereum network can handle only 25 transactions per second, with some transactions costing as much as 0.0000001 ETH.

These factors have led to Etheremon, an Ethereum based game port to Zilliqa’s platform.

The creators of Etheremon, has switched the base network of the game to Zilliqa’s network in a bid to find a lasting solution to transaction speed as well as low transaction fees.

The Zilliqa network is able to handle up to 2,828 transactions with only 6 shards, which makes the network light years ahead of the Ethereum’s network.

Speaking of working with the creators of Etheremon, the team at Zilliqa stated the following:

“Gaming is viewed as one of the big potential applications for blockchain because it gives game developers the ability to directly incentivize gamers with rewards and also offers true ownership of in-game assets, even if the game were to be discontinued. We feel that games are a good fit for the Zilliqa platform because of our high throughput and low transaction costs.”

Key takeaways

The potentials Zilliqa (ZIL) possesses easily makes it one of the top contenders for the best cryptocurrency in the blockchain industry.

The project may have gone unnoticed for a long time, but its capabilities are slowly being brought to the light.

Although the Zilliqa tokens (ZIL) may not be trading close to $0.1 at the moment, the strong network growth rate can see it push it to those levels. We will keep monitoring the project, stay tuned.