Lisk has been one of the better coins out there which was always quicker to bounce and 50k sats range proved to be ideal bottom and go all in point for a quick 3x return.
Watch out red and yellow trend lines for bounce - and green box indicates support zone and descending parallel channel. Unless it breaks out of this bearish channel, price would continue to go down
double check the fundamentals and you may reconsider the statement "one of the better coins out there"...even on a trading and technical level, lisk is one of the top losers this year in terms of losses in btc value, retreating down the rankings and so on. but its scarier on a fundamental level too.
lisk is a shitcoin. thats not a problem in of itself, there are hundreds of them. the problem is lisk paints itself up to be something else, something "better" than that. They lavishly set up in a new office with space for 160 people, take near-constant trips to meetups all across the world..sounds great right? surely they are moving fast with all that capital backing them.
now look at the actual fundamentals. its a hard fork of crypti. theres a reason nobody talks about that anymore. its a weak coin with bad technicals. lisk is barely any better. Static fees going into Q3/4 of 2018, inability to address consensus algorithm, no use cases for the token whatsoever, no clue as to the load their chain can take. Thats WITHOUT their mystical SDK that apparently will change everything. but dont worry, theyll say "its soon"...just like in november..then december, then february...now its almost august 2018 and core is delayed, again.
I think liskHQ are just a few steps off pulling an exit scam at this stage. Burning through liquidity, they can only go so long before it unravels. Max announced a 50m USD dev fund for lisk devs, back when lisk was priced conveniently at its ATH. Now his fund is approximately -80%, and still there's no chance for developers to even develop. Its a shitcoin, plain and simple, being led and directed by an inexperienced kid at best, and a conman at worst. He aint no Vitalik, thats for sure.
Too many people have been burned on this pick, and on top of that forging delegates must now continue to liquidate lisk forged in order to cover taxes. we are still in a bear market, and with no sign of lisk going up, there will be considerable selling pressure thatll get stronger as time goes by.
To any potential buyers, do yourselves a favor and take a look at almost anything else in the top 20. Vastly superior projects out there if youre longterm, and much better liquidity and volume if youre looking for big, short term swing trades.
ducktank
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@henry7696, very emotional comment. The mainproblem you are talking about is a bad developing roadmap back in november. The Cryptohype and the roadmap pumped lsk to nearly to $40 (from $4-5.
Now most of the hype is gone and LSK Lisk´s roadmap stand again infront of an Core release.... and look we are at the same price.
In my opinion this is a confirmation of the right price per lisk now.
lisk is a shitcoin. thats not a problem in of itself, there are hundreds of them. the problem is lisk paints itself up to be something else, something "better" than that. They lavishly set up in a new office with space for 160 people, take near-constant trips to meetups all across the world..sounds great right? surely they are moving fast with all that capital backing them.
now look at the actual fundamentals. its a hard fork of crypti. theres a reason nobody talks about that anymore. its a weak coin with bad technicals. lisk is barely any better. Static fees going into Q3/4 of 2018, inability to address consensus algorithm, no use cases for the token whatsoever, no clue as to the load their chain can take. Thats WITHOUT their mystical SDK that apparently will change everything. but dont worry, theyll say "its soon"...just like in november..then december, then february...now its almost august 2018 and core is delayed, again.
I think liskHQ are just a few steps off pulling an exit scam at this stage. Burning through liquidity, they can only go so long before it unravels. Max announced a 50m USD dev fund for lisk devs, back when lisk was priced conveniently at its ATH. Now his fund is approximately -80%, and still there's no chance for developers to even develop. Its a shitcoin, plain and simple, being led and directed by an inexperienced kid at best, and a conman at worst. He aint no Vitalik, thats for sure.
Too many people have been burned on this pick, and on top of that forging delegates must now continue to liquidate lisk forged in order to cover taxes. we are still in a bear market, and with no sign of lisk going up, there will be considerable selling pressure thatll get stronger as time goes by.
To any potential buyers, do yourselves a favor and take a look at almost anything else in the top 20. Vastly superior projects out there if youre longterm, and much better liquidity and volume if youre looking for big, short term swing trades.