Zilliqa (ZIL)

Zilliqa (ZIL-USD) has not participated in the altcoin rally. The ZIL token has remained largely sideways over the past 12 months. In my opinion, this is a great opportunity to accumulate. Once a breakout occurs, a 2x to 5x return could be in the blink of an eye.

To summarize, Zilliqa is the world’s first blockchain network to use the concept of sharding. In this technology, transactions are divided into smaller groups and parallel transaction verification is done among miners.

This means faster transaction speeds and significantly lower costs on the Zilliqa network compared to Bitcoin or Ethereum (ETH-USD). Another problem that Zilliqa solves is scalability. The transaction capacity scales as the size of the network grows.

It is also worth noting that the ZIL token has an attractive annual interest rate of 10.3% and currently about 29% of the circulating supply is staked. Therefore, users can secure the network and earn a significant annual interest rate on an undervalued token.