- The project is claiming it can support blockchain apps, NFT marketplace and DAOs
- Lisk token has gained, with trading volume up over 3,000 per cent, but the future trajectory is difficult to acertain
The cryptocurrency space is very broad, with CoinMarketCap now tracking over 19,000 crypto assets. Though there are some major categories like meme tokens, metaverse and DeFi, any particular project can fall under more than one category or not fall under any.
Ethereum, and its so-called 'killers' like Solana and Cardano, can be categorized as projects providing a service to developers that helps build smart contracts and apps on the blockchain.
Notably, a relatively lesser-known cryptocurrency project seems to have worked with this model differently.
Let’s find out more about Lisk services.
What are Lisk SDK, NFT, and LNS?
Lisk claims its SDK service is open source and free, with support to developers to connect multiple blockchain apps built using Lisk.
On its website, the Lisk project also mentions non-fungible token (NFT) support. Another offering is a recovery system, SRS, which it claims may help in recovering inaccessible tokens.
Similar to DNS or Domain Name System, the project has Lisk Name Service. The project is running a grant program to identify and support blockchain apps using Lisk’s SDK services.
An NFT marketplace called Enevti, and a DAO platform called Kalipo are said to have used Lisk SDK.
What is LSK crypto?
Lisk project has a native LSK token, which is said to be listed on Binance, Huobi and other exchanges.
According to CoinMarketCap, where LSK features among the top 200 assets, the market cap of Lisk crypto was over US$360 million as of writing.
The trading volume of Lisk crypto had surged more than 3,000 per cent in a 24-hour period, which led to a nearly 25 per cent rise in per token price.
As of writing, Lisk token, LSK, traded at nearly US$2.8. The recent upswing turned LSK token’s year-to-date (YTD) positive, as against negative YTD of BTC, ETH and many other major crypto assets.
That said, after starting 2022 at a price of nearly US$2.3, Lisk token plunged to under US$1.5 by late February. This volatility in LSK's price makes the token price prediction challenging.
Data provided by CoinMarketCap.com
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