How is Lisk (LSK) doing in the Market?
How is Lisk (LSK) doing in the Market?
Like the entire crypto market, Lisk opened the year on a strong note, trading at a price of $40, and many predicted that the coin would reach $200 by the end of the year.
The crypto market bloodbath has taken a major toll on the price of Lisk, causing the coin to lose about 85% in the process. Regardless of this, Lisk managed to stay close to the $4-$5 mark
Now, the price of Lisk seems to have stabilized around the $4.2 mark and maintains a stand as one of the best buys at that price.
Why Lisk holds at $4
One of the key factors behind the success of LSK is that the project has remained a strong competitor in the smart contracts space and earned its spot in the top 30 league.
Lisk has managed this feat because the project has proven to have outstanding long term prospects, unlike some pump and dump projects that are emerging in the crypto space.
Another added advantage Lisk has is that Dapps built on the Lisk network are built on sidechains. If something goes wrong with a Dapp, the Lisk blockchain will remain unaffected.
Similarly, if something goes wrong with the blockchain, the dApps will remain unaffected.
The Lisk MainNet is near
Excitement has been brewing around the Lisk community as it awaits its biggest release since the project began – migrating to the Lisk MainNet from its current Ethereum blockchain.
According to an update from Lisk, there are just a few steps left that need to be taken in order to coordinate the impending migration to the Core 1.0.0.
Lisk is looking to build on its successes with its MainNet as it strives to achieve dominance in the Dapps ecosystem.
Owing to the impending MainNet launch, Lisk is steadily growing in popularity, this is evident in the just released their Github Audit for 200 Blockchain projects for June 2018.
In GitHub ranking of cryptocurrencies based on their popularity of the library, number of contributors, release frequency, number of commits, and commit type, Lisk placed in fifth, ahead of Ethereum and Bitcoin.
Ranked as 23rd largest in accordance with its market capitalization ($459.4 million), Lisk has done a great job for the past three days to maintain a trading value of over $5 in a generally bearish market.
However, after the latest change in the market, Lisk has dropped against the dollar by 4.0% which leaves the coin with a value of $4.25.
Key takeaways
Although Lisk is miles away from its all-time high and even further away from its predicted value, LISK still cannot be considered a disappointment.
The project has reached remarkable heights in 2 years and is on the verge of increasing the milestones as it prepares to launch its MainNet core 1.0.
The current price of Lisk may be disappointing for short-term investors and speculators, but would certainly be productive for long-term investors willing to stick with the project.
How is Lisk (LSK) doing in the Market?
Reviewed by mir khaleq ali
on
August 09, 2018
Rating:
Reviewed by mir khaleq ali
on
August 09, 2018
Rating:
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