Zilliqa Becomes Latest Crypto to Break $1 Billion Market Cap

Zilliqa’s market cap has more than tripled from the previous 30 days, from $295 million on April 9. The coin is now worth just over $0.16 at the time of writing, and is up 16.9 per cent within the previous 24 hours.

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The Singapore-based project introduces itself as resolving the scalability problems endemic to blockchain technologies via sharding, an efficiency-boosting technique which occupies bitcoin but has yet to establish its viability at large permissionless networks. First introduced this past year, the team’s white paper claims that “at Ethereum’s current network dimensions of 30,000 miners, ” Zilliqa would expect to process approximately [1,000] times the trade rates of Ethereum.”
The ethereum network intends to present sharding in the future, perhaps undercutting Zilliqa’s value proposition.
The coin is also readily available to trade on Binance, Huobi and Gate.io, amongst others.

According to CoinMarketCap, Zilliqa passed the $1 billion threshold late Monday and is worth almost $1.2 billion at the time of composing, making it the planet’s 23rd-most valuable cryptocurrency. The increase coincided with the statement that Zilliqa can be obtained to trade OKEx, the third-highest quantity cryptocurrency exchange monitored by CoinMarketCap.

Zilliqa has grown into one of only 28 cryptocurrencies to boast that the market capitalization over $1 billion.