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Highlights
- The price of Zilliqa crypto catapulted 300 per cent in a week and around 400 per cent in the past month.
- The 24-hour volume of Zilliqa crypto catapulted over 500 per cent to US$ 9.6 billion.
- The ZIL crypto had clocked an all-time high of US$ 0.2563 per token on March 6, 2021.
The price surge of the Zilliqa (ZIL) token has kept investors hooked on the virtual currency for the last 30 days. On Thursday morning, March 31, Zilliqa crypto appeared to have gained investors' attention as its price skyrocketed 74 per cent to US$ 0.2073 per token at the time of writing.
The 24-hour volume of Zilliqa crypto catapulted over 500 per cent to US$ 9.6 billion, and its market cap increased to US$ 2.6 billion in the last 24 hours, according to CoinMarketCap data.
What is Zilliqa?
It is a public and permissionless blockchain, which was conceived by Prateek Saxena in 2017. He is an assistant professor in a reputed university of Singapore.
Zilliqa aims to become a blockchain of choice for gaming, financial services, payment, advertising, and entertainment organizations.
The public blockchain aims to grow its number of decentralized applications and virtual currencies. Zilliqa is designed to support more transactions in comparison to other platforms.
As per the official website, Zilliqa claims to be the only blockchain that relies on a sharded network as it enables it to achieve faster transactions and high throughput.
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The ZIL crypto is the native utility token of the Zilliqa blockchain, and it is available for trading on cryptocurrency exchanges like Bitfinex, Binance, Huobi, and Bithumb.
Performance of Zilliqa crypto
The price of Zilliqa crypto catapulted 300 per cent in a week and 400 per cent in the past month. The total and maximum supply of Zilliqa crypto is 15.9 billion and 21 billion tokens, respectively. Meanwhile, the circulating supply of the ZIL crypto is 12.6 billion.
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The ZIL crypto had clocked an all-time high of US$ 0.2563 per token on March 6, 2021, and its all-time low was US$ 0.002477 apiece on March 13, 2020.
Bottom line
The recent price surge of Zilliqa crypto could be due to the appointment of Bradley Laws as its Head of Investors Relations. Mr Laws is expected to look at the investment infrastructure and expand Zillqa's geographies. In addition, Bradley Laws is expected to launch new funding initiatives.
Also, on March 25, the blockchain tweeted that more people are getting added, and in 2021, Zilliqa saw the number of ZIL addresses grow 180 per cent year-over-year (YoY).
Meanwhile, on March 7, Zilliqa said that it partnered with Binance-powered Bifinity to accelerate crypto adoption worldwide.
Also Read: What is Celo crypto and why is its price skyrocketing?
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