Zilliqa (ZIL) –Ontology (ONG) –VeChain (VET) –Although, the present market condition is affecting cryptocurrency adoption owing to how volatile digital assets are, it is however, worth noting that some certain cryptocurrency are worth holding due to their enormous use cases, and there general market situation.
Crypto Market In Focus
The present market condition is affecting the chief of al digital currency Bitcoin. As at the time of writing Bitcoin is trading around $3,612, after seeing 2.46% rise in the last 7 days.
The increasing acceptance of cryptocurrency especially the announcement that JPMorgan will unveil their coin gives crypto enthusiasts the hope that the crypto virus will spread beyond its present state.
Zilliqa (ZIL): Mainnet Is the Wave of new hope
Tron (TRX) received revolution when it moved out of Ethereum blockchain, the thought that the same will happen to Zilliqa (ZIL) is becoming widespread today.
When Tron left the Ethereum ecosystem, the brains behind the digital currency have the mindset of hijacking Ethereum applications, and today, Tron is at the front among the platforms with increasing DApps.
The same should be thought of Zilliqa (ZIL). Firstly, Zilliqa has introduced a bug bounty programme to make its mainnet secured for DApps. Doing this, Zilliqa is awarding $150-$5000 per vulnerability found on the network. Zilliqa has created a grant programme for developers willing to showcase their ideas on its marketplace. No doubt Zilliqa is looking to having more developers.
Beyond that, Zilliqa (ZIL) is working to “cementing its position as the first sharded live public blockchain”. With Scilla, a programming language used by Zilliqa, all applications on the Ethereum blockchain can be written on Zilliqa blockchain without strain.
At the moment, the Zilliqa (ZIL) team have written over 10 contracts and the community has contributed around 10 as well.
Zilliqa is working on ramping up developer outreach to drive adoption. Through this, there is hope the volume of the use cases powered by Zilliqa will increase. With Zilliqa’s intention to grow beyond its present state especially by having DApps, there is no doubt that the value of the digital asset will grow as well.
Also, security analysts have posited that Zilliqa and Komodo are immune to 51% attack. This is due to the fact that Zilliqa (ZIL) network consensus does not allow a single participant to own more than 1/3 of the network.
ZIlliqa (ZIL) Price analysis in 2019
The year 2019 has been quite beautiful for Zilliqa (ZIL) in the market despite the daunting bear situation. Towards the begging of the year, Zilliqa opted for a move on the riding wedge, making the altcoin add to its value in the market. After being valued $0.0125 at the closing period of the previous year, Zilliqa (ZIL) ignited an upside trend and by January 2, its price had risen to $0.0208.
While on the upturn trend, the altcoin attained $0.0251 – its highest price for the year so far. Even though it plummeted a little to $0.0169 against dollars as at press time, its value remains high compare to its last year dip value.
Ontology (ONG): The Future is Now
The present market condition favours Ontology (ONG). The digital asset has seen close to 20% gain in the last 7 days. Ontology (ONG) owing to its outstanding use cases has been performing recently.
After seeing it has chances in the DApp world, Ontology is trying to bring outstanding developers to its ecosystem through incentive mannequin.
Mannequin will make Ontology give around 60% dApp transaction charge rebate to DApp builders on the platform. This move will make Ontology (ONG) compete with Ethereum, Tron, and EOS. The 4 incentives may make Ontology climb the DApp ladder faster than other network with openings for DApp launch.
Importantly, Ontology and ParityGame have announced a partnership that will see the two co-develop games on Ontology network.
Ontology (ONT) 2019 Market Data
Ontology (ONT) closed the year 2018 being priced $0.589 against dollar, and it is at the moment valued $0.653. This depicts Ontology’s market value has risen by not less than 10% compared to its last year’s closing value.
Since the start of the year, Ontology (ONT) has been maintaining solid support around $0.60 level until it witnessed a 16.27% price spike today according to Coinmarketcap. Thus a signal for a bullish race.
VeChain (VET) Offers Way To Chain Counterfeit Products
VeChain (VET) has been on the watch of many cryptocurrency pundits due to the digital platform’s awesome use cases.
VeChain’s prowess in tracing products from the industry to the end user stand out among equals. Its drug, apparel, and wine traceability solution have been celebrated by many a number of industrial experts.
Several governments are adopting the digital traceability solution offered by VeChain and this has increased its use cases across the world.
Today, VeChain employed good hands that will increase its adoption in Europe and North America. When VeChain (VET) finally arrives in those regions, there is clear sign it will progress beyond expectations.
Vechain (VET) Market Trend In 2019
So far in 2019, Vechain (VET) remains one of the most stable coins in the market. Vechain only added 0.9% to its value in the last 24 hours, and its present value compared to the year’s starting value only dropped by 0.06%. Observers opined that such characteristics from a coin are more desirable than a high level of volatility which has huge uncertainty. Vechain, according to Coinmarketcap is priced $0.003892 against dollar as at press time.
The stability displayed by Vechain (VET) in the market, especially at this crucial period would give its investors tranquility.
Disclaimer: This article does not constitute an offer or a financial advice to buy or sell any digital currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.