The sharding oriented cryptocurrency established to offer better scalabilty and security to users, Zilliqa, is flying in beautiful colors in the market today after sealing a liquidity mining partnership with Hummingbot, an open-source crypto market making bot.
Zilliqa is currently placed among the highest gainers in the market today. While the likes of Bitcoin and other top coins are yet to find stability along the upside trend of the market, Zilliqa (ZIL) is forming solid traction on the rising wedge.
Since igniting the present positive rally, Zilliqa is breaking a number of barriers to clinch the ceiling for another new high. In the last 24 hours, Zilliqa has managed to break 4 psychology resistances as it continues to trend upward.
After starting the last 24 hours with a price tag of $0.005337, a unit of Zilliqa is now worth $0.006034 against the US Dollar as the cryptocurrency breaks above $0.00550, $0.00575 and $0.006000, $0.006100 resistance marks.
Zilliqa has managed to add over 12% to its value against the US Dollar and over 11% against the leading cryptocurrency BTC in the last 24 hours.
Although after breaking the $0.0061 barrier, Zilliqa has taken a shift away from the upside trend, plunging to $0.006034 value at press time, there are indications the cryptocurrency would return back on the upward move.
With close to $59 million USD market cap, Zilliqa sits as the 74th largest cryptocurrency in the crypto ecosystem according to CoinMarketCap data.
Zilliqa Partners with Hummingbot on Liquidity Mining
On December 2, Hummingbot announced a liquidity mining partnership with Zilliqa. Hummingbot said via the collaboration, users can now provide liquidity to ZIL token, and at the same time get rewards for using Hummingbot.
Zilliqa acknowledged the deal, stating that it is pleased to support Hummingbot new liquidity mining campaign.
Proud to support's @hummingbot_io's new liquidity mining campaign launch together with other leading projects!
Learn more about algo trading to provide liquidity to $ZIL on exchanges such as @Binance and @HuobiGlobal.
Refer to https://t.co/0zPxdnERY9 for all the details. https://t.co/Xx19hkss0Y
— Zilliqa (@zilliqa) December 5, 2019
Hummingbot will be unveiling its liquidity mining campaigns for its launch partners in mid-January 2020, and the campaign will be launched on 0x Mesh and Binance.
Hummingbot stated that about $8,000 bounty per month is available for liquidity miners, and it will be disbursed via the following tokens:
- DAI (DAI) on Bamboo Relay
- Harmony (ONE)
- iExec (RLC)
- ZCoin (ZC)
- Zilliqa (ZIL)
- Solana (if listed on Binance or 0x).