Lisk (LSK) Gains 60% After New Listing; Rebranding on the Way

Lisk saw a 60% surge following a new exchange listing. Positive price action may help set it up for the fast-approaching rebranding.

Lisk went from $21.63 to $35.26 within 30 minutes, a gain of over 60%, after it was listed on bitFlyer today, a popular Japanese exchange.

Soon after announcing the new listing in an official Tweet, bitFlyer started facing technical difficulties, and the exchange became inaccessible. At the time of writing the exchange has put up a page apologizing for the downtime and is reportedly investigating the cause.

Meanwhile Lisk has pulled back a little and is trading at $29.53, still 36% higher since the exchange listing.

Yesterday we also reported on Lisk’s rebranding date being set for February 20, 2018, when a livestream is also scheduled from the Westhafen Event & Convention Center in Berlin.

Lisk is competing in the decentralized applications space, and one of its main advantages is the use of JavaScript as the core language, allowing more developers to join the ecosystem.

As a project, Lisk has come a long way, and its token, LSK, saw most of 2017 around the $1 range, only touching $2 in August. However, with an increased focus on platforms supporting dapps and news of a rebrand, the token ended the year around the $20 mark and reached a high of $39.28 early January.

With the rebranding next month, we might see an appreciation in price, as is usually the case with cryptocurrencies, but it remains to be seen whether Lisk manages to post positive growth after the launch.

Another positive development for Lisk may come next month after Robinhood, a popular online trading app, announced that it would start commission-free cryptocurrency trading and listed Lisk as one of the supported tokens along with Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Ethereum Classic, Monero, OmiseGo, Dogecoin, Stellar, Dash, Qtum, Bitcoin Gold and Zcash.