Here’s Why Lisk (LSK) Looks Set To Ride Exponential Growth
Lisk (LSK) is, to many cryptocurrency enthusiasts, one of the most undervalued cryptocurrencies in the budding blockchain industry. But the overwhelming majority does all believe that this has helped the Lisk team led by CEO and co-founder Max Kordek focus on building the platform.
As one of the few coins that do not experience wild swings, LSK is quickly becoming a favorite for new investors looking for an established project with a great growth potential. That potential already attracted tech giants like Microsoft who look to leverage the project’s interesting ecosystem.
More projects coming to Lisk (LSK)
To continue building a platform that will give developers the best tools for their dApps, the Lisk team is preparing to attend and be part of a marathon of events in May and June. Other than that, the crypto has revealed that it has a number of projects lined up to build on its unique blockchain.
This comes barely days after the end of a high profile conference in Lithuania where Lisk’s Community Manager Mat Piaggi and Lisk Academy Lead Jacob Kowalewski spoke and made an impression.
Part of the highly appreciated contribution from the Lisk team was given by Jacob. He cautioned that ICOs needed to become more altruistic in the way they went about educating and facilitating adoption. There’s also need to build a strong community, rather than just putting their sole focus on raising huge sums to fund their projects.
By the end of the conference, the two had met and made contact with a few projects that are interested in building on Lisk. More importantly, many more developers are now aware of what Lisk can offer. This is what Lisk’s report on the Vilnius conference that ended on 26th April said:
It’s inevitable that more projects will come to Lisk, given its pioneering sidechain concept that helps make the network faster and cheaper.
In other developments;
Lisk’s Team to attend major conferences
The call by Ethereum’s Vitalik Buterin for people in the crypto industry to boycott Coindesk’s Consensus 2018 conference may be heeded by others; but Lisk says ‘no, thank you’. They are attending that and many others lined up throughout May and June. The reason: it’s an opportunity to learn and to grow.
“We see tremendous value in attending conferences as it allows us to stay attuned to overall developments in the blockchain industry, network with other projects and learn more about what they are doing,”
Lisk wrote on their official blog. And it goes on to expound on why else they have to attend.
The marathon events begin on May 4, 2018, with blockchain conference Chainges in Amsterdam. Lisk will be represented by cryptographer Iker Alustiza and will feature NEM and Waves. Then on May 14, 2018, Lisk will attend and be an official sponsor of Consensus 2018.
Two days later, some of the team members will be at Token Summit in New York, while another group will attend the WeAreDevelopers World Congress in Vienna. Interestingly, Lisk is planning to sponsor similar events to increase its presence in the industry and to help make their platform the developer’s choice.
After that, members of Lisk’s Design plus the Human Resources teams will attend a major design conference at OFFF Barcelona 2018. Lisk hopes to attract additional talent to join their team. Then in June CEO Kordek will be at Distribute 2018 in Hamburg.
LSK added to Abra and volume spikes
Meanwhile, the LSK prices continue to regain after a slight dip in mid-April. This is partly due to being added to the Abra digital wallet. The coin has seen value rise from $11.09 on April 26th to $14 on May 3, 2018. This is a 7-day growth of about 29% against the USD.
Ranked 22nd, Lisk (LSK) is looking to re-enter the top 20 with a price push that sees its 24-hour change rise to +7% and the market capitalization hit $1.4 billion. Remarkably, a total of $54 million worth of LSK has been traded a few hours into business. This is already $3 million more than what was traded on the previous day. It is an indication that demand for the coin is growing.
This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.