Lisk Price Predictions

The price of LSK today is $0.21, changing within the past 24 hours for -0.55% and 2.56% over the week. LSK’s price action is characterized by the Bearish sentiment.

The current volatility index for LSK is measured at 3.62%. LSK’s circulating supply is 225.83M. In the big picture, the highest price LSK has reached is $40.3188 and its lowest observed price was $0.0957.

What is Lisk and LSK?

     
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The problem with blockchain application development was in that blockchain platforms like Ethereum use obscure programming languages. Lisk is a platform for the development of blockchain applications, written in Javascript. Lisk has an original SDK (Software Development Kit) designed to onboard developers to the ecosystem in the most convenient way possible. LSK is the platform’s native token, the role of which is to serve as a bridge between the native tokens of the apps. While each app is supposed to use its own token, these tokens can be exchanged to LSK and to another token later to use in another app.

If you are interested in learning more about the Lisk platform and LSK, we encourage you to read our comprehensive Beginner’s Guide on this project! In this article, we will be focusing on LSK price movements and Lisk price predictions.

What can influence the price of LSK?

Project Development

Lisk, as many other blockchain projects, is still in ongoing development. For instance, the interoperability features that LSK is supposed to carry out, are not yet on the main chain. This is why each Developer Call attracts investors’ attention and was even said to contribute to driving the price up the last time in mid-August. This works both ways, as the delays in network update and rebranding in 2017 drove the price down.

Competition

Lisk’s value proposition is the same as with many other projects: a distributed computing platform. Aside from Ethereum, other projects with the same value proposition include NEO, EOS, Cardano, TRON and Tezos. With the exception of NEO, they also operate on the Delegated Proof-of-Stake algorithm. To compete with them, Lisk has to offer other advantages other than a SDK. Right now, the community is working on making the network sound to be used as a monetization channel by making it resistant to forking and introducing a way to reverse transactions.

Adoption

Lisk is built to be user and developer-friendly with the goal of a widespread adoption in the future. This sets this project apart from its competitors, since Lisk is more accessible. The apps that can be developed on the Lisk blockchain are various, from bike renting service to event planning application. Covering these day-to-day use cases certainly helps to grow the ecosystem, and Lisk Foundation has the Builders Program to give out grants for developers.

Now that we know some fundamentals, let’s have a look at some news, price analyses and Lisk price predictions.

Halving (Block Reward Reduction)

Projected to happen in late September, this event will reduce the reward for producing a block from 2 LSK to 1 LSK. This time around, nicknaming it halving is actually appropriate! From there on, the issuance rate of LSK will always be 1 coin per block. In theory, reducing supply inflation should have a positive impact on the price, provided the same level of demand persists. In an irrational market, when sentiment also has influence on the price, reward reduction can even cause price increase since halvings are generally considered to be bullish events.

LSK Sentiment

Which way the market swings today? Overall, technical indicators show that currently, the sentiment in the LSK markets is Bearish. The Fear and Greed Index for LSK today is in the 25 (Extreme Fear) zone.