Zilliqa (ZIL) and Internet Computer (ICP) have experienced unimpressive market movements in the past month with analysts predicting further downturns for the tokens. Some investors remain bullish while others seek out alternative opportunities.
One such opportunity attracting investors is Zig Network (ZIG). In this article, we will discuss these market movements and understand Zig Network’s appeal to investors.
Zilliqa (ZIL) holders take notice of Zig Network (ZIG)
Zilliqa (ZIL) has fallen 14% in the past month, from $0.0165 to $0.0142. Although community sentiment remains 88% bullish, trading volume has nearly halved in the past day alone. While most tokens have recorded positive price movements since the beginning of the year, Zilliqa (ZIL) has declined by 23%. Most analysts think Zilliqa (ZIL) is unlikely to recover before the year ends.
However, some prominent community members remain hopeful that Zilliqa’s recent venture into the web3 space will improve the token’s prospects. Zilliqa (ZIL) holders have taken notice of Zig Network (ZIG) and are showing interest. However, they wish to learn more about it before investing.
Internet Computer's radical vision inspires Zig Network (ZIG)
Internet Computer (ICP) has experienced an even tougher month than Zilliqa (ZIL), with its price dropping 18% from $9.77 to $7.82. Additionally, trading volume has fallen by 55% in the past day. Internet Computer (ICP) began its journey in 2016 in the labs of the DFINITY Foundation, headquartered in Zürich, Switzerland. Since then, it has grown to a $3.70B market capitalization, placing it among the top 30 cryptocurrencies.
Internet Computer’s vision was radical: a “World Computer” capable of supporting any online system or service without relying on traditional IT infrastructure. Its goal was to achieve end-to-end decentralization—a concept now known as “web3”. Similarly, Zig Network (ZIG) is entering the market with a revolutionary idea, following a path primed for success.
Zig Network’s approach is the first of its kind
Zig Network (ZIG) is a layer 1 blockchain exclusively designed for revenue-sharing and for giving back to its community. Built on a hybrid consensus model that combines Proof of Stake (PoS) and Delegated Proof of Stake (DPoS), Zig Network’s approach is the first of its kind. Unsurprisingly, Zig Network (ZIG) has attracted Zilliqa (ZIL) and Internet Computer (ICP) investors.
Revenue is generated from partnerships, staking and transaction fees. After a defined period, this revenue is distributed to token holders in proportion to their holdings. The formula for this distribution is public and already available in Zig Network’s whitepaper. Token holders can also participate in staking with juicy rewards, join exclusive VIP programs and take part in key decision-making processes. We have awarded Zig Network as this week's top investment.
To find out more about Zig Network, use the links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
