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Crypto Investors should Keep an Eye on Lisk (LSK)

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The crypto market of 2018 has scarred many great projects, which can be found all across the crypto space. This does not only include the usual top 10 largest coins by market cap, but also cryptos that were rising in ranks, on their way to maybe even infiltrate the top 10 list.

However, while the bear market has definitely made things increasingly more difficult, these tend to be great quality projects that can, and likely will, persist. One such coin is Lisk (LSK), which currently sits at the 37th spot on the list of largest cryptos by market cap. However, there are many who believe that this coin is worth looking into and that investors should keep a close eye on it in 2019.

About Lisk

Lisk is one of the projects that do not aim to make their coin the most popular cryptocurrency in terms of making payments. Instead, the project was imagined to be a platform that will allow and inspire further creation, similarly to Ethereum, Cardano, and other more popular platform coins. As such, Lisk holds nearly unlimited potential, and the only thing that its future depends on is whether it can provide a healthy ecosystem in which new creations can grow.

The coin has had a long history, and it was originally launched in 2014. Back then, it also had a different name — Crypti. Its creators wanted more blockchain developers to join the project and participate, which is why they started an open-source platform that allowed dApp creation.

In 2016, LSK held an ICO which was quite successful, and 100 million of the project’s coins were sold. This is around 78% of the coin’s current total supply, which indicates that there was a large interest in the coin even then. The amount raised during the ICO was at around $5.8 million.

What makes Lisk stand out

Lisk quickly grew popular with developers and investors for several reasons, such as its use of JavaScript, which has been one of the most popular programming languages in recent years. Furthermore, thanks to a professional and very useful software development kit, dApp creation was easy and effective, with developers enjoying their work instead of struggling with new programming languages and having to do all the work from scratch.

Furthermore, Lisk found a way to deal with scalability problems by introducing sidechains to its main blockchain. This allows it to deal with large amounts of transactions without experiencing problems like those that are troubling Ethereum and other similar projects. By introducing sidechains, Lisk should, in theory at least, have infinite scalability, as well as better security, as any dApp that starts experiencing issues can be isolated without affecting the rest of the blockchain.

Another thing worth mentioning is Lisk’s team, which is well organized and categorized into 4 departments, each working on a different aspect of the project. The departments are called Operations, Marketing, Development, and Creative, each contributing to the project in their own way.

Finally, Lisk has entered some very big and important partnerships over the last several years. Partnerships are crucial for cryptocurrencies’ survival, as they show potential developers, investors, and other partners that the project is real and capable of growth and development. Some of the most important partners that Lisk has entered include Microsoft Azure, lightcurve, and ShapeShift.

In the end, Lisk is a great project with a lot of potential for the future. While its coin doesn’t have a lot of value to it at this point — its current price is $1.24 — this can always change with a proper bull run. Lisk’s all-time high was over $38, and if analysts are correct, it is possible that 2019 will be the year when a new rally will arrive, potentially bringing coins back to their glory days, or even launch them to new heights entirely.

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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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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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