Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend.
First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22.
Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik Buterin on Twitter. Buterin declared that Zilliqa – like Ethereum – has a lot of room to succeed and prosper in the future.
It took three days for Zilliqa’s coin price to show any hint of reaction to the weekend’s events.
But in the 13 hours or so leading up to Monday afternoon, Zilliqa underwent a 34.9% surge, which carried the coin price from $0.009849 up to $0.013294.
Zilliqa’s monthly gains now stand at 179%, as it climbed from a price of $0.004475. Overall, the coin has recorded 432% growth since the cryptocurrency market crash of “Black Thursday” on March 12.
The decision by Binance to list Zilliqa against its Binance USD (BUSD) stablecoin on May 22 didn’t go unnoticed. By May 25, the ZIL/BUSD pair showed $463,000 trading volume for the past 24 hour period, according to CoinMarketCap.
Zilliqa claims to be the first blockchain to successfully employ sharding as a scaling method. That’s something Ethereum is yet to accomplish, although ‘Eth 2.0’ is due to take its first steps in Q3 of 2020.
It might be for that reason that a Zilliqa supporter took it to Ethereum co-founder Vitalik Buterin over what he saw as calculated disregard of the Zilliqa project. First, Vitalik was cornered by a Cardano (ADA) supporter who asked why Buterin ignored his favored project.
After Buterin “acknowledged” Cardano in a sarcastic tweet, a Zilliqa supporter saw the opportunity to strike. They tweeted:
“He probably acknowledges Cardano, cause that doesn’t really pose an immediate challenge to Eth! Zilliqa is in a really really good position to do that currently.”
Buterin responded to the tweet in a similar fashion. He wrote, “I hereby acknowledge Zilliqa.”
He then followed it up with the open-ended assertion that both Ethereum and Zilliqa have the potential for growth and success in the future. The Ethereum co-founder tweeted:
By the time of writing, Zilliqa is ranked 54th by market cap, following a pullback to the $0.0124 range, leaving daily gains at closer to 27%. That’s still the sharpest, quickest growth spurt for a coin that had already recorded 432% in the past three months.
