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Price Analysis

Lisk Price Analysis: Will the Bearish Hiccup Be Short-Term for Lisk (LSK)?

  • Lisk is the most attractive blockchain platform for developers
  • The rollout of Alpha SDK to finalize new application architecture
  • Past 5 days trend was bearish

Lisk has been created to make development easy and accessible to a wide range of developers. The network’s USP is its flexibility, resilient, and modular architecture. Lisk members eagerly await Alpha SDK rollout. The past 5 days was not a good time for Lisk investors as the price continually kept moving downwards. Still considering Lisk’s stable history, this should be a temporary phase. Today there has been some relief as the price has slowly picked up.

Current Statistics of Lisk Coin:

On June 21, 2019, at 5:51:57 UTC, current statistics are:

Lisk Price Chart - 21 June
Lisk Price Chart
  • The price of LSK is $2.06375112
  • Current Market Cap is $241,225,956
  • 24 Hour Volume is $10,169,725
  • ROI is only 0.54 %, but the Circulating Supply is a healthy 117,891,521LSK

Lisk Price Comparison:                                        

During the last 5 days, Lisk price has shown volatility. From a high of $2.53344807 on June 16, the price shot down to $2.16725755 on June 17, showing a downward movement of 14.45%. On June 19, the price again lowered down to $2.10787531 to the extent of 2.81%. It further lowered to $2.02704947 on June 20 to the tune of 4.13%. However, over the last 24 hours, the price has shown a slight upward movement with the current price being $2.06375112. This is a good signal for buyers to buy at the current price.

Lisk Price Prediction:

Compared to the beginning of 2019, the price of Lisk has been showing stability over the past few months through the last 5 days have not been good for the coin. The team and the investor community have kept hopes on the Alpha SDK rollout, which is expected to change the way the platform works. Though the short-term trends seem bearish. Analysts still feel the best is yet to come for the coin and have set the target of $2.5 – $3 for the year-end.

Conclusion:

The time is right for investors to buy the coin. The developments happening in LSK should act as a catalyst for investors looking for long term investment. Being one of the stable coins even at times of great price volatility should also add to its advantage.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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