Zilliqa (ZIL), an altcoin powering a high-throughput network of the same name, is up 60 percent on the Binance exchange today. Reaching $0.164, its highest price level since May 19, 2021, ZIL far outperformed the top 100 cryptocurrencies.
How did this altcoin rise so fast?
Zilliqa, which has been mostly on the radar of investors for over a year, currently seems close to entering the top 60 cryptocurrencies by market cap, trailing behind Harmony (ONE) and BitTorrent-New (BTT). The altcoin gained huge traction on March 26 after suddenly surging more than 100 percent in a single day, despite the relatively sluggish performance of the broader cryptocurrency market.
Despite facing some selling pressure, ZIL manages to sustain the rally. The altcoin also added another 71 percent to its rally over the next three days. It’s worth noting that the rally comes after the upcoming Metaverse project Metapolis, supported by Zilliqa, announced its affiliation with Agora, the global talent awards app.
Metapolis will launch in April
Blockchain start-up Zilliqa, metaverse and NFT head Sandra Helou reveals that the partnership will put Zilliqa in a leading position in the metaverse industry. On the other hand, it is not entirely clear whether Zilliqa’s metaverse game alone could trigger such a big bullish move. Prior to partnering with Agora, Metapolis also launched several esports partnerships to gain greater visibility. The metaverse of the altcoin platform is expected to launch in Miami, Florida in early April. As we previously reported as
Kriptokoin.com, Zilliqa was launched in 2017 by researchers Amrit Kumar and Xinshu Don. The altcoin project initially positioned itself as a much faster Ethereum alternative that could achieve high throughput due to its technology called Sharding. Also, last September, Zilliqa announced the launch of the NFT market.
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