While most people are keeping a very close eye on the top cryptocurrencies, interesting things are happening outside of the top 10 as well. The Lisk price has seen a pretty solid run over the past few months and it’s now inching closer toward that $10 target. Its market capitalization has also surpassed US$1 billion for the very first time, which is pretty interesting. Cryptocurrencies as a whole continue to grow; that much is evident.
Lisk uptrend Should not be Ignored
There are quite a few cryptocurrencies a lot of people tend to overlook these days. In most cases, that is only normal, although some of these altcoins can sometimes come back in a major way. Lisk is an interesting example of how quickly things can evolve in the price department. The past three months have been especially spectacular, as the Lisk price has risen from under US$2.5 all the way to its current value of US$9.83.
It is remarkable how altcoin prices have evolved over the past few years. In the case of Lisk, the price growth is certainly visible for everyone to see. While most people aren’t necessarily paying attention to this currency, it is evident there are some good things happening for this altcoin. Considering there doesn’t appear to be a specific Lisk supply cap, very few people ever expected this currency to be worth more than US$1, let alone achieve almost ten times that value.
The growth from under US$2.5 to nearly US$10 has materialized over just three months. A 300% increase in value is pretty spectacular for any cryptocurrency, especially one that seems to have flown under most people’s radar. There have been some interesting developments in regard to Lisk, even though it remains to be seen how this market growth will be sustained in the long run. The rise from US$5 to US$9.83 has materialized in just a week, which seems to indicate there may be a pump factor involved as well.
With US$124 million in 24-hour trading volume, Lisk is certainly in higher demand than some of the top 10 altcoins. That is a very strange development to keep an eye on, as it may hint at unnatural growth. We have seen similar trends affect other altcoins in the past few weeks, and it is very likely the Lisk price will come down to the US$6 level in the coming weeks. At the same time, cryptocurrency is not a rational market, and much stranger things have happened than what we are seeing.
For once, we don’t see Bithumb dominating the trading of a currency which is surging in value. The Lisk price is being driven by Bittrex, Poloniex, and BitBay in that order. Those first two exchanges trade Lisk against Bitcoin, whereas BitBay primarily uses the Polish złoty. They are the only three exchanges generating over US$5 billion in 24-hour volume, representing 90% of all Lisk trades right now. It’s a somewhat odd trend, but it is too early to tell where things will head next.
One thing to keep in mind is that Lisk now possesses a market cap of over US$1 billion. A few months ago, we had a handful of currencies worth that much money. Right now, there are 12 currencies in this club, with at least one more on the cusp of this threshold later this week. The growth of cryptocurrency in general has been pretty spectacular, though how things will play out for the Lisk price remains to be determined.
This is not “strange”, this is a fact that can be explained. Lisk is a very intereting crypto and I like it’s fundamentals. It addresses some issues which other cryptos do not yet address. Investors who spoted it’s fundamentals, me one of them, gathered enough clues to base the reason to invest in this crypto. And it will still grow a lot.. I won;t get surprised if Lisk reaches 30 usd be next February.
Alt coins will always be alt coins.
Invest in them if you want to lose money.
Sounds right. One word . javascript
So we should just forget the underlying and in some instances ground breaking technology/problems that alts are building/solving? And purely concentrate on a store of value coin…? Very short sighted. I’m already getting strong returns on my alts and we’ve only just begun! Exciting times.
This article is pure shit, just because you have done 0 research on lisk and dont know that it might dethrone ethereum. Please for godssake do your job and read up on the technology you comment on.
” very few people ever expected this currency to be worth more than $1, let alone achieving almost ten times that value.” this is false many are anticipating it to hit around 20$ when they release their javascript SDK. Also the rebranding done by RLVANCE is nothing to ignore. do you know what company that is? I guess you dont. It is time to stop geting notifications from themerkle since It is clearly run by people that dont understand the technology of the companies they write about, but instead just says something to have something to say. And also for future reference IOTA is not a blockchain… noob.
I find that The Merkle broadly covers technology and cryptocurrency is just a type of technology that they cover.
Yea I get it they do all of their coverage badly then. Not really good at anything other than spreading false information.
Merkle is negligent in mentioning the obvious reason for the rise in Lisk – The dream blockchain for Javascript Developers. LISK will crush Ethereum in 2018. https://uploads.disquscdn.com/images/c2af523e0035f4272dae3f22ed7d4d47e529a600495f83fc9e0fd00ea0cdeeac.jpg
crystal from world of warcraft? wtf is this, is it a joke? a forked from crypti worth over $1billion?
Bitcoin is a an Alt Coin – which is slowing down and higher fees.
Hahahaha
You know the 1 thing that doesn’t matter as much as you think? Ground breaking technology. Adoption and market cap are king. Just as the alt coins copied BitCoin’s code, BitCoin can copy any good ideas others come up with. That’s why there’s so much innovation in the crypto space.
Wow, no new arguments from the people who lose money every day because they have been conned to buy alt coins.
You couldn’t even bother to check the data that shows transactions are much faster since the hostile attack but Roger Ver and Btrash failed miserably.
I don’t argue with you to change your mind, I argue to make sure others don’t get conned like you did. How’s your Btrash I saw you lost 30% of your value compared to BTC, and that’s just in the last 24hrs.
No wonder you’re a faceless fuck. I’m making a killing trading crypto currencies – high volatility is the name of the game.
At least I’m not pretending to be a woman as well as pretending I make a killing on alts … LoooL
Yeah, you got it right!
I agree… the writer could have done a better research on that. Well.. free spots for FinTech journalists available in the Merkle, hehe.