Why Lisk isn't going up the roof in value
There are several Ethereum like blockchain platforms and of late, some have been trying to identify which to bet on. For me, Lisk seems to be a darling of sorts but it's near term upsurge has brought up many questions.
I have been pointing out that if someone wants to invest in a crypto, why go in with XRP when you have Lisk. After all, Lisk has more upside potential since it is a public blockchain with real world applications just like Ethereum.
Lisk is a fork of Crypti, and from the looks of it, Lisk will grow in the future while Crypti is dying. I won't go into the history of Lisk as there is little to gain from learning this.
As you can see, the price has surged this year and from the looks of it, Lisk as a crypto has hit a high of US$35 and now it is sliding downwards to the mid teens and this means, it is a good time to buy.
Should Lisk go up to into US$20+, then it is time to sell. For it to achieve the goal of surpassing US$35 isn't impossible but bear in mind that Ethereum's price in March '18 has been falling and that also means less people are gravitating towards a newbie blockchain like Lisk.
The only way Lisk will go up will depend on several factors and these related to the following:-
*Ethereum's price goes up, Lisk will track a similar growth path
*Lisk gets more trading pairs with global fiat currencies
*Lisk Debit card gets launched
*Crypto Exchanges around the world start to add Lisk moree trading pair with other crypto currencies.
*ICOs move to list their projects on Lisk platform
Lisk has a lot of promise as a competitor to Ethereum even when the founders of Lisk may have said otherwise.
The ability to sidechain data blocks is perhaps the biggest advantage but real world applications need to be developed to prove this theory. Right now, ICOs continue to put their worth on Ethereum for many reasons, the chief being that Ether is highly convertible.
I don't see why this cannot be done on Lisk but most ICOs these days are attracted to the speculative nature of crypto currencies as well as it's smart contract applications. Just because you have a better blockchain doesn't mean you will win the game in the long run.
For me, Lisk has a promising future in the medium to long term and if you are one of those who are investing instead of speculating, Lisk will be a worthwhile investment.