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This Is Why Lisk (LSK) Could Hit $100

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Unlike many of its counterparts in the cryptocurrency space, Lisk (LSK) has had a relatively rocky run to reach current levels. A look at the daily chart for this one (which is below) reveals some substantial periods of appreciation, which are often followed by steep corrections amounting to 50% or even 75% of the initial run.

LSK Daily Chart

LSK Daily Chart

As an investor or trader that’s held LSK across this rollercoaster period, chances are it’s been pretty tough. There is a positive way to look at it, however. The fact that the market has repeatedly corrected before resuming its overarching upside momentum suggests a degree of maturity; maturity, being, of course, one of the major factors missing from many of the other markets in this space right now.

If we are right, this maturity suggests that current prices are very much supportable from a fundamental perspective and, in turn, that continued advance could well be on the cards for Lisk as we head into 2018 and beyond.

Of course, right now, price is hitting all-time highs which means that we might be in for a near-term correction before once again seeing a resumption to the upside momentum. If this the case, however, any near-term correction could be a nice opportunity to jump in and pick up some cheap tokens before things reverse.

So what is Lisk?

The best way to think about Lisk is a decentralized application building platform but, unlike platforms like Ethereum, Lisk offers developers the opportunity to create applications using JavaScript. Ethereum, in contrast, necessitates that its developers create applications in a language called Solidity. Far more people know and understand JavaScript than do Solidity meaning Lisk could potentially be a much quicker and easier way for developers to build applications of all different types while still relying on the smart contract technology that something like Ethereum offers.

Lisk also employs sidechains to help overcome both scalability and internal error issues. To put all this another way, if a developer wants to develop an application on the Ethereum platform, they do so using Solidity and the application is built directly onto the Ethereum blockchain. With Lisk, on the other hand, the applications are built on sidechains which are then connected to the primary Lisk blockchain.

So what does this mean?

Well, it means that if there are any issues with the application, the issues are restricted to the sidechain and won’t (for the most part) impact the primary chain. It also means that thousands of applications can be built using Lisk and be running simultaneously without choking the primary blockchain network – again, something that has plagued Ethereum over the last year or so as the wave of ICOs and decentralized applications has hit the network.

So where do we think this one’s going next?

As mentioned above, there is a good chance that, near term, we might see some degree of correction as the shorter-term operators take profits off the table and markets consolidate. Again as mentioned above, however, we don’t see this as a bad thing. Consolidation is a sign of maturity and for anybody looking to pick up a long-term exposure, it offers a cheap way to do exactly that.

As far as fundamental advance is concerned, it’s all about adoption. If the company can attract more developers to its platform then more LSK is going to be required to fuel the development and operational activity of the applications said developers create.

As such, we are looking for any indication that the platform is becoming more popular (such as that which we are seeing right now) as supportive of a long-term bullish thesis for Lisk and, in turn, LSK.

We will be updating our subscribers as soon as we know more. For the latest on LSK, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Lisk

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Altcoins

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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