Lisk is unique as it provides a JavaScript based platform that side-chains can be built upon. The company is planning a re-branding and rollout on February 20th. Going into Neo's re-branding the coin went up 7x. I am not sure that Lisk will go that high, but I do suspect it to begin inching its way up within the next 7-10 days. Currently we will see a slight pull back with Bitcoin price seemingly inching its way up. This might be a good time to begin entering your positions on a daily cost average in order to minimize risk as it appears to be in the process of finishing its correction prior to starting primary wave 3. The coin has remained relatively stable in recent weeks, but could breakout by the end of the month prior to the re-branding. I am expecting a first target of $42 followed by a correction, before going up to $86 prior to the re-branding. This entire wave sequence will be elliot wave 3 per the chart. Thus it should not be the shortest of the 5 waves. Wave 5 of this sequence will heavily depend on what is rolled out at the event on the 20th of February. If the re-branding delivers, I suspect the coin could have a target of $130 before correcting. If the re-branding does not go to plan, and there are delays, we could see a longer wave 4 and additional consolidation after the February 20th event. Regardless, it is possible that Lisk could hit the $400-$500 mark this year. This is due to possible mass developer adoption due to the use of JavaScript. If the company delivers reliable SDK, in Q1, it is likely sidechains will be developed on the platform throughout the remainder of the year, thus increasing the value of the coin.
**Disclaimer - I am by no means giving financial advice. I am not a financial planner or advisor, nor do I pretend to be. I am just publishing an idea.
Would love to hear any comments, and/or suggestions and thoughts!
Almost! Missed the target by a marginal amount. This could be due to the bitcoin drop, and/or earlier Lisk investors cashing out. Its a great project. I suspect we will consolidate a little prior to breaking out for our next target.
Vtathlete1
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Let me clarify, this consolidation will likely be influenced by Bitcoin to a certain extent. It could be a couple days, but I do not see us being here for more than 10 days. At which point we will target $75-$85 up to the time of the conference. Depending on what they present at the conference we could see stagnent pricing, a breakout to wave 5, or even the possibility of an aggressive pullback.