The analyst of popular Youtube channel Altcoin Buzz has listed 5 catalysts of Lisk (LSK), which he thinks could be the next explosive gem. Of course, keep in mind that all of this is nothing more than a guess. It is always best to invest as a result of your research. The analyst thinks that the following 5 factors can affect the price positively.
5 reasons why analyst expects altcoin LSK price to explode
The analyst lists 5 compelling reasons for the bullish optimism on this project, which underlies the ease of getting developers on their platforms and developing applications. It highlights Lisk’s ability to develop side-chains first:
Like Polkadot, but don’t call them parachains, you can develop side-chains with Lisk. Unlike Polkadot, you can support an unlimited number of sidechains instead of a limited number of parachains in Polkadot. ”
The second reason is that with Lisk’s SDK, the documentation and onboarding process is also good for beginners, intermediate and advanced developers. The analyst says the project has a reputation for being quick, easy, and comprehensive. Lisk (LSK) also offers a unique combination for investors who love Layer 1 Blockchain projects and Web 3 projects. The platform allows developers to build Blockchain applications with total flexibility and lots of customization.
The fourth reason is due to the delegated PoS mechanisms of the scalable and energy efficient consensus algorithm. The analyst says:
We love this form of proof and a full 43% of all Lisk is put at risk.
The final reason is that Lisk is decentralized and completely open source, allowing anyone to access the tools to start building Blockchain applications. Also, the analyst talks about Lisk’s promising roadmap. In the short term, the most exciting event for Lisk is the AmpliFire event in early December, where they re-introduced Lisk to the world outside of developers. The Altcoin Buzz analyst concludes with:
The AmpliFire event is a huge marketing ploy to show people that Lisk is still here, healthy, under construction and worthy of your attention.