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Lisk (LSK) Price

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What is Lisk (LSK)

Lisk provides a platform for decentralized applications, based on a Proof-of-Stake algorithm with sidechains support and a lot more.

Lisk is a blockchain application platform with a dedicated Blockchain network and token (LSK), which was launched by Max Kordek and Oliver Beddows back in 2016. The basis of Lisk philosophy is to offer developers a flexible and straightforward Software Development Kit (SDK) suitable for the creation of decentralized applications (DApps), without the need to learn a new programming language from scratch. 

Each application on Lisk uses its own sidechain separate from the main blockchain. Unlike Ethereum, its principal competitor, Lisk (LSK), utilizes the Proof-of-Stake hash algorithm, meaning it is forged rather than mined. The average block time is 10 seconds.

LSK is the coin within the Lisk blockchain and DApps. LSK is not utilized as a payable digital asset, but rather an internal currency for developers in the network. Lisk coin can be traded against Bitcoin or Ethereum on multiple exchanges such as Binance, Coinroom, Bittrex, and HitBTC. Coinroom, Exrates, and Bitbay support the exchange of fiat money for LSK.

Lisk price prediction 

At the time of its conception in April 2016, the price of LSK was around $2. The coin peaked at $35 in 2018 but is currently traded for $0.65 per token. Total market capitalization is $135 842 297. 

A with all cryptocurrencies, the price of LSK is directly proportional to the popularity of the platform. So, although the trading volume is relatively weak at this point, there seems to be a growing demand for LSK among users, which allows predicting the increase in its value. 

In a longer perspective, Lisk (LSK) has all the chances to enter the Top-50 cryptocurrencies list. However, this would require considerable work from Lisk developers to improve the technology. A positive prediction for LSK in 2020 is the price increase up to $3. However, with the cryptocurrency market being mostly unpredictable, it is challenging to claim anything with confidence. Keep track of the Lisk coin dynamics and stay tuned to be able to make data-driven predictions. 

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