Lisk has noted an amazing progress during the last week as it was following up with the market trend that made the majority of currencies to go up while trading in the green. Lisk is one of the currencies with an increased trading volume, which, of course, drawn the attention of the new investors as well. So, while there is a large portion of people investing in LSK for quite some time now, we are interested in analyzing all the reasons for having Lisk worthy of your investment.
Abra Adds Lisk to its Digital Wallet
Abra is one of the most commonly used digital wallet applications for easy storing and user-friendly trading of cryptocurrencies. That being said, getting listed on Abra makes up for a great deal for any currency of that kind of luck.
Lisk has just become one of such currencies as Abra announced adding this digital asset a couple of days ago.
Abra’s own CEO has announced that their digital wallet application will soon enable all users to easily buy and trade Lisk along with four other currencies that are being added alongside with LSK.
Abra makes possible dealing with over 50 different fiat currencies, which makes this application very simple to use, which means it is made to be user-friendly for a better experience and easier handling of the listed coins.
In addition to this case, Abra is offering the service of buying and selling cryptocurrencies with no fees or charges included in these exchanges. The app also doesn’t ask for a deposit, which makes it pretty accessible and altogether a pretty valuable addition to the world of cryptocurrencies.
Besides from adding Lisk, Abra’s CEO stated that their app will also be adding NEM, Verge, NEO, and Monero, so all users will soon be able to trade with all these currencies as well in addition to trading with 25 other currencies that have been already listed.
Needless to say, Abra might be one of the top reasons to consider owning Lisk at the current moment.
Lisk and the Partnership with Microsoft?
Lisk has teamed up with Microsoft two years ago in 2016 when this currency was announced to become a part of Microsoft Blockchain-as-a-Service project which included creating Azure Blockchain.
Lisk was supposed to be a part of this project and the announcement of this initial venture probably brought up a dose of popularity LSK needed at the time as everything Microsoft gets interested in, can’t be ignored.
There was even a press release stating that Lisk is going to provide the base of the Internet of Things for their project, named Azure, as well as to provide all needed guides and templates that would make the Internet of Things possible.
Due to the fact that Lisk is a decentralized blockchain platform with the aim of revolutionizing the world of cryptocurrencies, together with its technology that allows decentralized applications to be made on top of Lisk’s platform chains, Microsoft has found this digital asset interesting for the development of their project, Azure Blockchain.
This case made a lot of investors “chip in” on Lisk, raising its price as a consequence. Lisk is now rising up at a pretty stable pace of growth again, but the partnership with Microsoft is possibly not one of the reasons why because Azure haven’t been related to Lisk for a long time now.
It is been said that Lisk stepped out and dropped the project as they believe that their technology has yet to grow in order to be able to support a project of such scale.
However, that statement doesn’t exclude the fact that Lisk might soon be ready for this cooperation or for a similar venture that could easily sky-rocket this digital asset to the moon.
Lisk and Its Stability
Another one reason to consider owning Lisk is the fact that LSK has shown some great performance in the terms of showcasing its stability in oppose to the market trends. Even though the great market crash that lasted for weeks took over 50% away from the total market cap of all cryptos put together, Lisk has kept its calm while not losing much in oppose to the majority of dropping currencies.
That is how Lisk has easily become a target of investors that are playing in the long run with wanting to invest in a coin with a stable rate of increases and drops, to make sure they won’t lose much in addition to earning a pretty flattering profit in the course of a couple of years.
The level of volatility that Lisk has shown while climbing up from 10$ to dealing at the price of a bit over 14$ in only two days makes up for another good reason for owning Lisk.
How is Lisk doing at the Current Moment?
Ranked as 22nd-best currency on the list in accordance with its market capitalization, Lisk is doing a great job for the past two days, especially at this moment as this digital asset broke through the value of 14$ per one LSK unit.
After the latest change in the market, Lisk has gone up against the dollar for another 6.16% while trading in the green.
LSK is also trading up against BTC at the moment of this writing, which means that Lisk is doing slightly better than Bitcoin at this point as LSK went up for 4.32% against the original coin.
LSK can be currently purchased at the price of 14.12$ per one unit, which is still away from its record value.
Lisk has made its record price back in January during the golden time for cryptos when it was trading at the price of around 38$ per one unit. In case Lisk would continue to grow at this rate, it could easily reach its all-time high in the following months.
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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 and read our full disclaimer.
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TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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