Lisk (LSK) Technical Analysis: Decentralized Exchange Rumoured to Launch Soon, but Where are the Bulls?
Lisk has seen little action over the last month despite the project announcing the release of their new Core 1.0.0 upgrade last month on to the mainnet – a major milestone development for the project. In the lead-up to the announcement, LSK soared over 100% towards the end of August but has already unraveled -45% of that gain in the last three weeks. This could have been caused by short-term traders exiting into XRP, XLM, BTC and other big performers this month, which attracted significant attention from investors.
Right now LSK sits at $3.32, one of the lowest price points we’ve seen in September. A return to the asset’s all-time high at $34.92 would represent a massive 951% gain from its present value and highlights how undervalued this coin is in the current market.
On a number of crypto calendar websites, Lisk’s decentralized exchange launch date has reportedly been scheduled to go live on October 1, and will be another monumental development for the project, as it competes with the likes of Stellar, EOS and Ethereum.
However, it is worth noting that the launch…