Here Is Why It is Time to Buy the Zilliqa (ZIL), Ox (ZRX) and VeChain (VET) Dips

The crypto-verse is abuzz with the news of Intercontinental Exchange (ICE) partnering with Microsoft and Starbucks to launch a Global Bitcoin Market through a new company called Bakkt. With this news, comes the possibility of Bitcoin (BTC) and other digital assets being accepted as mainstream financial assets that individual and institutional investors can look forward to investing in. One thing to remember is that ICE is the owner of the biggest stock exchange: the NYSE (New York Stock Exchange).

It is with this background that it would be prudent to stock up on the reasonably priced coins and tokens before the highly anticipated Bitcoin (BTC) bull run takes full effect. Therefore, let us consider Zilliqa (ZIL), Ox (ZRX) and VeChain (VET) during this time that their prices are considerably low.

Zilliqa (ZIL)

The Zilliqa project aims at solving the Ethereum platform’s security vulnerabilities and scaling issues. With its new programming language of Scilla that is easy to use, ZIL has currently accomplished 2,828 transactions per second with only 6 shards. Sharding is the concept of dividing the mining network into groups/shards to increase the throughput.

ZIL is currently valued at $0.06 and the project recently released the second version of its working Testnet. The project has also convinced one Ethereum DApp – Etheremon – to switch to its platform. Therefore, it would be wise to consider ZIL ahead of the second half of 2018 as its Mainnet will be released in Q3.

Ox (ZRX)

The Ox project is an an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. In the OX protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade.

The ZRX token received a major boost when Coinbase announced it was considering listing the digital asset on its platform. Therefore, it might not be a bad idea getting some ZRX at the current value of $0.996.

VeChain (VET)

VeChain recently celebrated the token migration from the ERC20 protocol to that of its VeChain Thor blockchain (VET). The ratio for distribution was 1 VEN = 100 VET with the additional VTHO that will be distributed to holders on a daily to monthly basis, depending on the exchange.

This means that VET will be a highly sort after digital asset moving forward. VET is currently valued at $0.015 but is surely to increase with price once the VEN to VET migration is complete across the entire crypto-verse.

Summing it up, the crypto-markets are getting more attention from Wallstreet as is the case with the ICE news to launch a Bitcoin market with Microsoft and Starbucks. This means that now is the opportune time to stock up on reasonably priced coins and tokens in preparation for the potential Bull Run that is about to ensue.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

Leave a Reply