Lisk (LSK) started off the year on a high note after the crypto market rallied in Q4 of 2017. The altcoin was going for $40 which is ten times its current price. Crypto analysts at the beginning of the year were very optimistic with crypto coins making predictions of LSK surpassing the $100 mark. However, this is yet to happen after the massive downtrend at the beginning of 2018 in all digital currencies!
The LSK coin lost a significant amount of value and its recovery to the all-time high in 2018 remains a far-fetched thought. However, the altcoin’s consistent performance has seen it fall within the top 25 coins in market cap. In addition, LSK has stood out in the ongoing bearish market to gain 43% in its price within the past week. Some of the crypto enthusiasts have attributed this to a couple factors with its mainnet release as the pioneer.
1. Lisk LSK Price Stability
Lisk’s success has largely been influenced by its features within the smart contracts space. As a result, the altcoin is currently among the main competitors of big coins like ETH which also majors on smart contracts.
With the increasing rate of crypto scammers, LISK has leveraged its authenticity as a crypto project to secure its long-term goals. The attention towards LISK’s blockchain by various players in the Fin-Tech arena has increased the coin’s fundamental value to maintain a stable price.
The LSK infrastructure creates an attractive platform when it comes to scalability and independence. Decentralized applications on the LISK blockchain are built on sidechains making the platform and the DApps independent. This means that the platform is not affected when sidechains malfunction and vice versa.
2. The Lisk MainNet release
The LISK community is excited on the up-coming mainnet release which is barely a week away from today. According to development status within cryptocurrencies, this would probably be the biggest mile for any crypto coin including Lisk. The crypto project has been operating within the Ethereum platform for a while considering it’s over 2 years old.
Lisk has been updating its community via social platforms like twitter and medium on the progress of the mainnet. According to its latest news release, only a few steps were remaining to fully facilitate the migration to Core 1.0.0.
The cryptocurrency seeks to dominate the DApps arena with this release, a goal which is pretty achievable especially with Lisk’s features. Adoption of the Lisk blockchain has been on a steady increase with the project auditing over 200 blockchain projects according to a Github audit release in June.
Lisk (LSK) seems to be quite a catch for tech savvy individuals; the coin’s stats in Github indicate a strong position in activity in comparison to peer coins. As it stands, LISK has an algorithmic score of 4.2/5 while its popularity, contributors and release pace place it higher than BTC and ETH. The uncertainty remains on how the market will price LSK’s fundamental value in future although this is does not rule out its potential HODL gains!