Cryptocurrencies come with surprises coupled with twists and turns. They are touted as risky assets as they may experience huge declines on one day while showering massive returns to their investors on other days. Hence, the thrill of investing in these digital assets ceases to fade.
Among over 20,000 cryptos currently available worldwide, several of them are witnessing upward price momentum. Zilliqa and IOTA are two such cryptos that are currently trading higher and are in the limelight.
Hence, this article intends to explore these two cryptos.
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Zilliqa
Originated in Singapore, Zilliqa is a permissionless blockchain platform that aims to solve the issue of blockchain scalability and speed through sharding. In fact, it claims to be the first public blockchain across the world to rely solely on a sharded network, thus ensuring high throughput and the lightning-fast speed of transactions on the network. This reduces costs and makes the crypto environmentally sustainable.
The platform makes use of a hybrid Proof-of-Work-BFT mechanism, which keeps the distributed network of computers in sync and is seeking to become the blockchain of choice for large-scale business use, as well as for payments related to industries and financial services.
Its native token is called ZIL, which can be bought from several top cryptocurrency exchanges like Binance, Bithumb, Huobi, and many more.
The crypto is currently placed in 76th spot among top cryptocurrencies worldwide in terms of market cap and is trading at US$0.04556, up 0.01%, over the past day, at the time of writing this article.
IOTA
IOTA crypto aims to exist without the support of a blockchain. Owing to its avant-garde technology, the platform is a top contender in offering next-generation solutions, i.e., the platform is going beyond conventional methodologies of transactions and provides innovative solutions for the future.
Since there is no blockchain, miners are absent and hence no fees. Moreover, the platform is secure, efficient as well as lightweight. It utilises the Proof-of-Work puzzle for validating a transaction.
The platform has established partnerships with automobile giant Volkswagen and helps Taipei City to pursue smart projects.
Its native token is known as MOITA, and there are around 2.8 billion MOITA coins in circulation. At the time of writing, the crypto is trading at US$0.344, up 0.60% over the last 24 hours.
MOITA is available at multiple crypto exchanges like Binance, OKEx and Bitfinex, etc.
Bottom Line
If both the cryptos- Zilliqa and IOTA are able to sustain market downtrends and continue to work as per their white papers, investors may witness a climb in their prices in coming years. However, one needs to be extra conscious while trading in cryptocurrencies, which are both risky as well as volatile.
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