Like the rest of the crypto market, Lisk (LSK) has been on a downward spiral for the last few months. However, that doesn’t mean that it is a bad project. In fact, if you can weather the storm, this is one crypto that is guaranteed to shoot up in value in coming days. You just need to look at its roadmap, and you will understand why this is a project about to head to the moon. For instance, the upcoming April 1st events will have a significant impact on the value of Lisk in coming months. April 1st may be fool’s day for most people, but for Lisk (LSK) holders, it’s definitely not. Let’s go through the events that will be taking place in the Lisk ecosystem on this date.
A reduction in transaction costs
On April 1st, Lisk will be announcing a reduction in transaction costs. This is informed by the increased price of this crypto. Once this is implemented, it will incentive more people to become delegates and vote in the Lisk ecosystem. This will make the Lisk ecosystem stronger, which will in turn have a positive impact on the value of this crypto. Once this is announced, there is a good chance that the price of Lisk (LSK) will jump by a significant margin given that its fundamental value will have increased.
Launch of the Lisk SDK alpha
The Lisk SDK alpha is probably the most important event that will be happening to Lisk on the 1st of April. This is a big deal because once it is launched, it will be easier for developers to create and deploy Dapps on the Lisk ecosystem. You can expect to see an increase in high value Dapps thanks to this launch. An increased number of Dapps coupled with the highly scalable nature of Lisk could easily see the value of this crypto head back to over $20 in coming weeks. This is a platform that is way better than Ethereum in terms of scalability, which means it has a significant room for growth with such positive news coming out.
Take advantage of these events
As an investor, this is the best time for you to invest in Lisk. It is currently trading at below $15, which is quite low compared to its previous highs of over $30. Besides, this crypto’s drop in recent weeks was nothing to do with its fundamentals but rather the market as a whole. But the bearish momentum seems to be dying out with most cryptos including Lisk, regaining a good chunk of their values. All that the market needs is positive news to catalyze further growth, and for Lisk, those events are coming up on the 1st of April.
Signs of an impending upward break are already showing in this crypto charts. A look at its weekly charts shows a decline in selling volumes, after three weeks of a sustained sell-off.
This is an indication that investors are taking up buying positions in anticipation of an upside break. As a smart investor, you should position yourself too. Don’t get in after the events have taken place. You will have missed out on the big moves.