Lisk is a decentralized system that runs on blockchain technology and is written in JavaScript programming languages. It provides a platform for developing and running distributed applications. The main advantage of the project is the embedding of applications in the side circuit instead of the mainnet. The technology is called “sidechain”. Network modularity is responsible for creating distributed applications.
The platform is being developed by Oliver Beddows and Max Kordek, who previously worked with Vitalik Buterin on Ethereum. Subsequently, Charles Hoskinson and Stephen Nerioff joined them. In total, the team, according to the official resource of the project, employs 44 specialists in various fields.
The history of the coin started in May 2016 when the team was formed and ICO was organized. Lisk managed to raise 14,052 BTC or about $ 9 mln. The developers also signed an agreement with Microsoft. They started using the Microsoft Azure cloud platform, where developers can deploy their applications.
Lisk Coin Fundamental Value
The team did not create the Lisk project to buy or sell assets. Instead, it serves for the following tasks:
- lower potential ecosystem entry thresholds for potential developers;
- create a sustainable platform with less pronounced degradation effect of transaction speed;
- reduce the load on the chain – the main blockchain network of the platform;
- increase network bandwidth;
- improve application performance and deployment.
Being a platform for the creation of dApps, Lisk allows users to release, distribute and monetize decentralized applications and specialized blockchains (side chains) on the Lisk blockchain.
Unlike Ethereum that’s often compared to Lisk, the platform allows developers to create “blocking applications” by linking to the Lisk blockchain. Lisk leverages the delegated proof of stake algorithm (DPoS) originally created by BitShares. Lisk differs from conventional PoS flowcharts by using only the top 101 delegates (determined by the vote of voters) who actively “support” and ensure network security.
Today, Lisk is the world’s 43rd cryptocurrency by market cap (Lisk price today is $1.13), and its potential is recognized by various companies, including such partners as Microsoft Azure, lightcurve, and ShapeShift.
| Project name | Lisk |
| Stock Symbol | LSK |
| Asset Type | Token |
| Network type | Blockchain |
| Consensus Protocol | Delegated Proof-of-Stake |
| Hashing Algorithm | EdDSA |
| Matket cap | $135 842 297 |
| Curr. Price | $1.13 |
| Curr. Supply / Total Supply | 119 838 026 / 134 934 439 LSK |
| ROI since launch | -44,30% |
| Launch date | 7 April 2016 |
| Official Website | https://lisk.io/ |
Lisk Coin 2018-2019 Price History
As we see in the chart, Lisk cryptocurrency price fell dramatically during 2018. What caused such a serious drop? First, it was the bearish trend that affected every single altcoin. The 2018 cryptocurrency crash was caused by a massive sell-off, so it was not surprising that LSK, one of the most quickly developing cryptos, brought traders a serious income back then.
Why the price of Lisk didn’t stabilize since then during 2018? Probably, it was the lack of technological advances that the crypto community expected. The decentralized exchange that Lisk was planning to launch in October 2018 is still not introduced. The release of Lisk Core 1.0 has been postponed, too. Recently, the roadmap was updated, and the team continued implementing goals one by one.
Lisk (LSK) Technical Analysis
Is it time to buy or sell LSK? Check LSK technical analysis from TradingView:
Lisk Community Reputation
With over 180K subscribers on Twitter and thousands of reddit followers, Lisk is a pretty popular project that stands the competition from other crypto market sharks.
Lisk team keeps participating in various blockchain-related events where they are warmly greeted by colleagues and the crypto community:
Here’s what one reddit user says:
“I love the professionalism of the LISK team, and I really like they try to be more like a startup than couple of guys that make coin because they see easy money.”
The crypto community appreciates the efforts of Lisk team, but people are sure that they need to develop the project further for sustaining a high Lisk future price.
Yet, not all people favor the technology underlying LISK project. For example, Vitalik Buterin, founder of Ethereum (one of primary LISK competitors), doubts that Lisk’s DPOS algorithm is safe enough:
According to the trends analysis, LISK has always been interesting for people, and the last peak of its popularity was in March 2019, when the coin started recovering from the bearish influence on the market.
Influencers Projections on Lisk
So, what do Internet users and experts think about Lisk price and its future? The opinions differ:
- David Cox from CryptoNewsz claims that LSK will reach the level of $ 2.5 – $ 3.5 by the year-end. Considering the potential of the coin, LSK could reach to the 52 Week High of $7.35 by next year.
- The LSK price prediction 2020 from joshonwill05 (TradingView) is pretty much the same: LSK will either smash the $3 level in the coming months or stay somewhere below $2.85.
- reddit users, though, believe that Lisk price should fall to $0.9 because 2020 won’t bring about any changes in the crypto environment. Most likely, the downtrend will continue and push LSK price lower than the current support levels.
Judging by technical indicators, LSK is still going through the bearish period, so it’s not clear what should drive its growth during fall 2019. Probably, if the crypto market manages to escape the bearish trap, LSK price will recover to its previous glorious levels.
As for LSK price prediction 2020, LSK isn’t expected to multiply its cost. WalletInvestor, predicts LSK price of $0.8 in 2020. According to TradingBeasts, LSK price in 2020 can be in the range of $1.8-$2.59. According to Coinfan, LSK will cost from $4 to $6 by the end of 2020.
What to expect from Lisk Price in 2020?
If we don’t see any positive changes on the market, LSK might even fall to $0.08 – like all other altcoins, it can’t resist the bearish wave.
In the longer term, LSK has all chances to go higher in the Top-50 of world cryptocurrencies, but it requires enormous work of the Lisk team. Their project is often compared to Ethereum even despite using sidechain. Our LSK coin price prediction 2020 is $3, but it’s hard to say when exactly this level will be achieved.
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
