You’ve snagged some bitcoins and ether, and now you’re looking for other promising altcoins to pick up. To that end, Lisk (LSK) would be an interesting coin to look at; it’s a project with major upside that could be a strong gainer in the years to come.
And while the future is inscrutable, to be sure, Lisk has several things going for it that could make the project a solid investment.
We’ll break it down for you.
What is Lisk?
It’s perhaps best to understand Lisk through the lens of Ethereum. The two blockchains aren’t aren’t tied together in a technical sense (Lisk isn’t ERC-20; it has its own native blockchain), but they do attempt similar things.
That’s because Ethereum is seemingly aiming to be the “Microsoft 2.0.” It wants to build a revolutionary platform that the rest of the world can use to build decentralized apps (dapps) upon in the ongoing rise of the Internet of Money.
Well, Lisk is angling to do the same: it, too, wants to be a platform through which developers can build dapps limited only by their imaginations.
So what sets Lisk and Ethereum apart?
That means for the “Ethereum revolution” to happen, many more developers are going to have to learn Solidity.
In this sense, Lisk gets major points for mainstream accessibility. And it’s not always the best or more advanced tech that wins out; accessibility can, and likely will be, a huge factor in the years ahead.
Analysis of recent price movement
It was just weeks ago that LSK was hovering in a price channel between $4 and $5 USD. Now, at press time, the cryptocurrency is settling just under $22.
The project has been working through a re-branding, and the crypto market has been going on a parabolic bull run in general, both factors which have seemingly been boosting LSK on a wild ride as of late.
Will the price run continue for much longer? It’s hard to say, but rising buy volume in the picture ahead is bullish, not bearish, at least in the short-term.
Worth an investment?
CoinBureau can’t give financial advice, but in context it’s clear that LSK is one of the most reputable of the top 50 cryptocurrencies and certainly the most practical of the so-called “Ethereum killers.”
That’s a mission that’s achievable. And it’s a mission that could send LSK soaring if mainstream adoption comes. Millions of developers could code through Lisk today, here and now.
That’s a pretty powerful dynamic to have primed and ready to go.