May 19, 2020
đHuobi x CoinMarketCalđA Coin To Keep An Eye On!
Zilliqa is a new public blockchain platform for high-throughput applications. It brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The latest experimental results demonstrate a throughput of more than 2,400 transactions per second, which is over 200 times higher than that of todayâs popular blockchains. The platform is tailored towards enabling high-throughput data-driven decentralized apps, designed to meet the scaling requirements of applications in areas such as digital marketing, payment, shared economy and rights management.
đ Event
âZilon 2.0 will be released on 22 May, with enhanced capabilities to withdraw #fiatâŠand more!â
đAnalysis
Itâs been a lucrative month for ZIL bulls as the price launched from March lows up to a previous high at 0.00000119.
After a 120% pump, it makes sense to be cautious before jumping in. The equal highs above at 0.00000119 suggest that the price will eventually continue upward.
Retracement seems probable, with the price likely to test the monthly level at 0.00000092. Fridayâs release could provide a fundamental reason for this level to hold.
If the price continues dropping, bearish targets and bullish entries are also at the monthly level at 0.00000072 and the yearly level at 0.00000062.
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