Bitcoin
Here Are Today’s ICO Movers: iExec and Lisk
We’re approaching the second half of the week and it’s time to take a look at the token market in an attempt to see which tokens are moving and – at the same time – to try and figure out why and what’s next for each.
So, here goes.
The two tokens in focus for the session on Wednesday are iExec and Lisk.
Let’s kick things off with iExec.
This one is currently trading at a 23% premium to its price just 24 hours ago and is up more than 42% since the end of October. Right now, the iExec tokens for around $0.63 a piece, up from their ICO price of $0.17 – a close to 270% appreciation since the company’s ICO date of April 19, 2017.
The idea behind this one is rooted in scalability. Basically, the team behind iExec has recognized that, while decentralized applications are almost certainly the future of pretty much every corner of global commerce and industry, the current ecosystem is not suited to scale.
In other words, the technology is there but the companies that are going to be harnessing the technology (the startups in the various sectors of industry that are using blockchain to change their respective sectors) are going to need access to a huge amount of computing power, space and storage – something that the current technology doesn’t allow for.
So, in order to solve this issue, iExec is set up as a sort of cloud processing power system, whereby a user can buy access to a large number of computers and – by proxy – processing power, on which to run their Dapps.
While we’ve labeled it as iExec, the actual token here is called RLC, which stands (aptly) for Run Lots of Computers.
So why is the token up right now?
Well, the company just hosted a stand at the C’17 (Super Computing 2017) event in Denver, which took place on November 14, 2017, and is drawing plenty of speculation on the back of its presence at this event.
And what’s next?
Chances are we are going to see some increased media coverage of iExec and RLC over the coming few days, with the company seemingly pushing out press releases related to its showing at the above-mentioned event. As such, and in line with this increased coverage, there’s a good chance we’ll see further strength heading into the close of the week.
Moving on, let’s look at Lisk.
Lisk is up 23% over the last 24 hours, 54% over the last seven days and a whopping 65% over the last 30 days. That’s a solid run for a token that’s been around since May 2016, so what’s driving the action?
Before getting into that, a quick introduction to Lisk is warranted. Lisk is a pretty interesting concept – it’s designed as a sort of blockchain based application platform on which developers and designers can build applications that are rooted in decentralized and smart technology.
Basically, a user signs up to the Lisk development ecosystem and can then employ the platform to build (practically) anything, from independent social networks, messengers, games and more.
The token that underpins the platform is LSK and it’s this that’s gaining strength right now.
So, back to the question, what’s pushing this one up right now?
Well, this one’s all about awareness and community growth. The company announced on Twitter today that the Lisk featured as a trending repository on Github, which basically means that there is a large number of developers accessing its code repository to find snippets they can use to create their own applications using the Lisk platform.
This implies increased usage and – in turn – increased demand for the LSK token that underpins the whole system.
Again, there’s a good chance this one will continue to run. Repositories don’t trend for no reason on Github and we think it’s a great sign of things to come for the company.
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