Connect with us

Blogs

All the Reasons to Consider Owning Lisk (LSK)

Published

on

Lisk
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite