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Lisk (LSK): Why You Should Definitely Check Out Lisk

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Lisk

Lisk has been climbing up dizzily, going for increases one after another in a row. Thanks to the recent announcement of having LSK re-launched on February 20th in Berlin, the token started to grow, openly showing investors that Lisk represents more than an exciting coin – it makes a good solid investment. That is why we decided to dig out as much as we can about this token and see if we could predict what will happen to Lisk in the following months.

What is Lisk and why does it Matter?

Lisk can be viewed upon as NEO’s and Ethereum’s little brother. If you compare to any coin or decentralized platform out there, you will surely notice that Lisk still has the most similarities with these two platforms. This is the case because the main idea behind LSK tokens and Lisk network is to enable all users that are interested, to develop and launch their own application within the Lisk network.

The network is based on blockchain just like it is the case with any other decentralized digital tokens and platforms. But, unlike many other tokens and platforms, similar to NEO and Ethereum, this token supports a large network that is set to enable all users to make their own apps, upload them and put them to good use.

Regardless of what type of app you have in mind, in case you know how to work in JavaScript, you are free to program your own application. In case you would like to upload it to the Lisk network, you would need to make an account, download Lisk wallet and buy some Lisk coins and you would be good to go.

For all of those who have no clue what to do with JavaScript, you can still become a part of this network as a user and investor. Only, buying LSK tokens in bulks won’t be that easy now after February 6th.

Lisk and the Announcement of Re-launch

Things started to really work in favor of Lisk when the developers of this network with LSK as its main token announced the re-launching of this promising decentralized platform. New changes, as announced, should bring in more investors and even more users and app developers that could contribute to the development of this token and its platform.

The announced changes should be applied on February 20th, when the developers should represent new Lisk network with renewed and improved features. The great event will be hosted in Berlin in only 10 days from now and it should mean a great deal for all Lisk developers, investors, and users. The changes are said to be focused on improving the general user experience, which may easily be the reason for having Lisk progressing so fast when it comes to the interest of new investors and the increased number of LSK token users.

After the announced date, LSK tokens along with its mother platform should be known under a different name. There will also be the presenting of the new logo, interface, wallet and a couple of improved protocols. All these changes should improve Lisk and get it ready and all set up for new members, developers and hopefully lots of new investors and partnerships.

How is LSK Doing Right Now?

In case you are an LSK holder, user o investor, you surely know than Lisk is doing more than exceptionally well. After February the 6th when 40% of the total market cap of all digital tokens was lost due to extensive and radical decreases, only a day after the original massive drop, Lisk was brought back from the dead with amazing increases coming its way.

So, in case you have bought Lisk during the selloff on February the 6th when this currency was only worth somewhere around 11$ per one unit, you are probably feeling pretty lucky now.

After only a single day after a great loss of 40% in total market capitalization of all coins, Lisk had a major increase, which initially made this token worth more than 19$ per one unit. That wasn’t all from LSK, as this token continues with increases. With all increases combines, LSK is now worth 27.66$ per one coin and it looks like the increases won’t stop here.

The latest decrease made LSK trade on all major exchanges for 7% up against the dollar and 3.21% against BTC. So, basically, LSK investors and holders are probably going wild right now.

The reason for having LSK tokens grow so quickly is probably connected to the latest announcement of changes being applied within Lisk blockchain system, where it is also said that operating with side chains will also be possible. If everything goes well after the changes, Lisk is “threatening” to become one of the big coins with a large operational platform and growing members and investors.

What 2018 Holds for LSK?                                                               

As far as the market capitalization concerned, Lisk is ranked at 13th place, while it is settled at a 14th place on the global coin ranking list. Can it get any better? It can and it probably will as Lisk is literally pumped up and ready for new victories. The best time for buying Lisk at low prices has probably gone by a couple of days ago, but there is still a chance for all serious investors to buy LSK tokens while tokens are still worth less than 30$ per one unit. In case this token would continue with growing at its current pace, Lisk will be going to the moon. And, in a matter of only several months, this token could easily hit 100$ per unit and even more. This would be the case only if the applied changes would go as a success and in case there are no major drops in price.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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