Lisk cryptocurrency (LSK) has seen a fall in their price compared to the US $ 17.32 mark it had reached on March 8th, and the fall continues. As of March 15th US EST early morning, LSK is trading at US $ 10.66. In terms of market cap, LSK is at the 19th spot.
Lisk ($LSK) Crypto Coin Price Forecast and Latest News
The below graph tracks the recent trend:
The fall in price in the past one week can be attributed to the following generic reasons, none of which are specifically related to LSK:
- International Monetary Fund (IMF) chief Christine Lagarde has very recently called for regulation of cryptocurrencies, and expressed concern over criminal activities being financed with cryptocurrencies.
- Following in the footsteps of Facebook, which banned all cryptocurrency related ads in January this year, now Internet giant Google has decided to ban all crypto related ads starting June 2018.
- The regulators in the US and Japanese markets are putting increasing pressure on cryptocurrency exchanges. Japans has asked Bitstation and FSHO, two prominent exchanges operating there, to stop business activities for a month, and has asked five others to improve their business controls. The US Securities and Exchange commission has stated that the cryptocurrency exchanges could be asked to follow rules set by them, and will be penalized if they fail to adhere.
- Recent hackings of crypto exchanges have again turned spotlight on the issue of their security.
- Some national governments continue to show tough stance vis-à-vis cryptocurrencies, for e.g. India continues to discourage the Indian citizens from trading in cryptocurrencies, and China is following through on their February action of blocking internet access to crypto exchanges by recently blocking social media accounts of crypto exchanges.
The developer can monetize their apps, while side chains, i.e. mini blockchains, ensure privacy. All transactions within the Lisk platform use LSK native currency. Many experts believe that Lisk DApp platform is where the future online businesses that use blockchain will reside on. It helps to remember that while there are increasing calls to regulate cryptocurrencies, their underlying technology blockchain is welcomed by all, due to its promise of decentralization and immutable records. LSK is a good bet, due to its immense growth potential.