Lisk (LSK) Is A Buy At $5, Smart Money Busy Accumulating For Long Term

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howlermunkey
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Lisk (LSK) Is A Buy At $5, Smart Money Busy Accumulating For Long Term

Post by howlermunkey » Tue Jul 17, 2018 4:14 pm

Lisk (LSK) has taken one of the worst falls in the history of cryptocurrencies. It is currently down more than 85% from its ATH. The price is looking to recover long term but short term the bloodbath is not over. Regardless of that, Lisk (LSK) has managed to stay close to $5 for the most part. This is a cryptocurrency which at a price of $40, was expected by many to reach $200 by the end of the year. This optimism stems from a strong interest in Lisk (LSK) in late 2017. This was mainly because Lisk (LSK) emerged as a strong competitor in the smart contracts space and earned its spot in the top 20 league.

However, during the correction, investors showed Lisk (LSK) no mercy as they dumped mercilessly on most exchanges. The good looking and robust smart contracts platform is once again in the forgotten coins list as investors move towards new, seemingly more attractive opportunities like Zilliqa (ZIL) and Ontology (ONT). This is the way it happens in the cryptocurrency space. Every coin has a FOMO period during which it spikes up based on speculation, hope and greed. It is then followed by a period of massive profit taking and panic selling. After that, a period of slow but steady accumulation begins if the project has long term potential.

https://cryptodaily.co.uk/2018/07/lisk- ... long-term/

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