Zilliqa has created a spectacular wave of growth and expansion in 2020, quickly rising to become one of the top-ranking cryptocurrency tokens.
The token has ranked 29th on CoinMarketCap, Google searches around Zilliqa have grown massively, and it ranks number one on Lunarcrush( social media interactions tracking).
Zilliqa Shows Massive Growth
Zilliqa showed massive growth, rapidly jumping to the 29th spot on the CoinMarketCap. The token showed a whopping 94 Percent increase and moved up by 23 spots within a few days. LunarCrush also raked the crypto token at the top spot in its social media interactions index. Zilliqa token had the highest number of social media interactions leaving Ethereum and Bitcoin behind
The company provided its growth report which showcased that the token has grown exponentially in the last year. The Ecosystem Growth Report states that the Zilliqa wallet addresses crossed the 1 million mark this month, more than seven times. There has also been a substantial increase in the number of monthly transactions, with close to 12 million in October 2020. The number is almost 300 percent more than the October 2019 figure. Ever since its Mainnet launch, the company has seen massive growth.
Zilliqa adopted highly effective social media marketing initiatives through which it builds a massive customer base. SocialPay platform gives Zilliqa token for social media activities to its users. Zilliqa users can stake tokens easily with the minimum staking threshold as low as 10 Zilliqa tokens. The users also get one gZIL governance token for staking ZIL tokens.
The Singapore based cryptocurrency platform has emerged stupendously since its launch in 2017. It initially began as an ERC-20 token on the Ethereum blockchain; however, in February 2020, the company transitioned to its own blockchain with a native platform governed by a $ZIL token.
Zilliqa boasts of being the first public blockchain that can address the need for Scalability through sharing. As cryptocurrency space grows enormously, the networks are often overwhelmed; thus Scalability is of utmost importance. Zilliqa can quickly implement sharing to divide the network into groups of nodes that can collectively operate like a smaller blockchain.
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