Lisk is a blockchain application platform headquartered in Zug, Switzerland which had one of the most historic ICO raising 14,000 BTC.
Lisk will enable developers to build blockchain applications and deploy their own sidechain linked to the Lisk network based on its own blockchain network and token LSK, including a custom token. Developers can implement and customize their blockchain apps using the flexibility and scalability of sidechains. This has been one of the many reasons that we are seeing an appreciation in LSK price.
Lisk DAO is a decentralized platform for the governance and operational processes of communities.
It is a decentralized traceability solution for a healthy food market.
It is a decentralized ticketing system by creating unique tickets on a blockchain.
It is a decentralized freelance marketplace.
Let us look at the upcoming event for which everyone is extremely excited.
Lisk.js 2021, the annual developer event organized by Lisk, will bring blockchain enthusiasts, developers, community members, and journalists together from all around the world. The two-day event has been designed to cater to all levels of technical knowledge and experience. It will be conducted on 21st and 22nd of May 2021. Annual blockchain developer event will set the stage for the major reveal of Lisk’s Interoperability solution. Developers can expect to learn how to develop a blockchain application with Lisk SDK, attend in-depth talks on interoperability, and get inspired by community members who have built blockchain applications on Lisk. You can register for the event here.
In this event you can:
Stay up-to-date on blockchain technology with talks about interoperability and development.
Get in-depth knowledge on how to develop your own blockchain application with Lisk SDK.
Get inspired by community members building blockchain applications on Lisk and join the community.
Let us review LSK Price.
LSK/USD – Price Prediction
Due to the announcement of the lisk.js event, we saw a healthy demand spike in LSK buying-volume. This led to the rise of LSK towards the 1.618 fib at $11.72 which is an important resistance zone. If LSK can break this resistance and close the daily candle above this zone, it could also break the trendline resistance. If this happens, we could see a move towards $16.66, $21.59 and $24.65. However, if LSK is not able to break this resistance before the event, it could trigger a “Buy the rumour, sell the news” sell off cycle which could cause LSK to drop towards the lower support zones at $8.67, $6.78 and $5.30. These would be good entry points for long term holds. Important level to watch is $11.72. If this resistance breaks, LSK will make a run for the higher resistances and could be a fruitful “breakout” trade.
Let us look at LSK/BTC pair
LSK has broken out of the trendline resistance, revisited it and is now heading for the next resistance zone. With the upcoming events, we could see a move towards 2846, 3058 and 4165 sats. LSK/BTC is currently at 1928 sats.
LSK/USD pair is trading at $10.23 now with a market cap of $1,513,533,294. Its 24 hour trading volume was $625,919,342.
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