The last few days of market turmoil have not spared our favorite token of Zilliqa (ZIL) either. ZIL has dropped fro considerably good levels of $0.137 seen last Thursday, to the recent lows of $0.0967 witnessed on Monday, June 11th. This was a drop of 30% in a period of less than a week. The token has somewhat recovered and is currently trading at $0.10 and up 0.70%.
It is with this background, that many traders and HODLers in the crypto-verse, did not notice an announcement from the Zilliqa team that the token was listed on two additional exchanges this month. The announcement that was made via the Zilliqa Telegram News channel stated the following:
“Dear All
1) We are happy to announce that Gopax has launched a global exchange which will be offering ZIL/ETH and ZIL/BTC trading pairs. For more details please visit www.gopax.com
2) ZILs will be available for trading on Kryptono Exchange starting Friday 8 June 2018. Deposits will be accepted from today 6 June 2018. Trading pairs offered include ZIL/ETH and ZIL/BTC. For more details please visit
https://kryptono.exchange/k/accounts/home
Cheers!”
This means that Zilliqa increases its liquidity by listing on the above two exchanges. Liquidity is defined as the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price. In simple words, the additional exchanges enhance the availability of ZIL to traders and Zilliqa HODLers.
Additional Zilliqa updates indicate that the team is preparing for the release of the second version of the TestNet that is scheduled for launch before the end of the second quarter of 2018. The team is also continually working on the Scilla programming language that is the core of the platform, on top of being developer friendly. The current TestNet has achieved 2,488 Transactions per second with 6 shards and 3,600 nodes proving that Zilliqa is indeed the probable Ethereum Killer.
in conclusion, the next few weeks and months will be an exciting time for the Zilliqa project as well as ZIL in the Crypto-markets.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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