fbpx
QQQ
-2.71
348.05
-0.78%
DIA
-5.86
344.51
-1.73%
SPY
-7.07
429.04
-1.68%
TLT
+ 2.69
140.35
+ 1.88%
GLD
-0.87
166.72
-0.52%

The Next Hot Altcoin? Zilliqa Outperforming Dogecoin, Bitcoin And Ethereum Thursday

May 6, 2021 1:48 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
The Next Hot Altcoin? Zilliqa Outperforming Dogecoin, Bitcoin And Ethereum Thursday

Zilliqa (CRYPTO:ZIL), a cryptocurrency launched in 2017, is up about 17% over the past 24 hours at $0.2493 at press time and is outperforming Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH).

Like many other cryptocurrencies, Zilliqa has had a meteoric rise throughout the last six months. In November, Zilliqa was trading at $0.02 a coin.

Zilliqa boasts a unique "sharding" feature that allows the coin to grow in an efficient manner.

“Zilliqa solves the prevailing issue of scalability using its own unique sharding technique, which allows the blockchain to scale in a linear fashion as the network grows in size,” its website says. “Its ability to handle a large volume of transactions makes it suitable to meet enterprise needs.”

Check out Benzinga's crypto coverage

Scilla is a coding language built on Zilliqa and blockchain technology that allows for secure “smart contracts.” Scilla was built to tackle many security issues that hold back other languages.

“In addition to using well-studied and established mechanisms to validate transactions, Zilliqa is powered by the first peer-reviewed and safe-by-design smart contract language called Scilla,” according to the website.

Prospective traders and investors should know Zilliqa’s market cap has been steadily growing and is among the top 30 largest market cap for cryptocurrencies at press time.

See also: How to Buy Cryptocurrency

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Posted-In:

Cryptocurrency Markets

Related Articles

China's Cryptocurrency Mining Crackdown Intensifies, Spreads To Sichuan

Keeping a tough stance on cryptocurrencies, China has issued an order to crack down on crypto mining operations in Sichuan’s southwest province, Reuters</ read more

EXCLUSIVE: Dogecoin Mania Didn't Prove 'The End Of Crypto,' So They Launched Commercial Toilet Paper-Backer Tetherino, 'The Most Ridiculous Cryptocurrency' Ever

Dogecoin (CRYPTO: DOGE) and other meme coins have been in the spotlight this year as they soared to sky-high levels, but there is a cryptocurrency that wants to take the meme hoopla and ra read more

If You Invested $1,000 In Bitcoin When 'The Simpsons' First Mentioned, Here's How Much You'd Have Now

Since 1989, “The Simpsons” has entertained fans around the world and provided references to pop culture and current world events. An episode in 2013 featured the first mention of Bitcoin (CRYPTO:BTC) on the show. read more

EXCLUSIVE: Building On Top Of Bitcoin May Not Be As Popular As Ethereum, Other Blockchains, But We're 'Close To Seeing Some Runaway Success,' Says Stacks

Stacks (STX) aims to bring smart contracts and decentralized applications, or DApps, to Bitcoin (CRYPTO: BTC). An attractive facet for some is the ability to earn BTC earning through a mechanism the project calls “Stacking.”  Mitche read more