Lisk garners community attention with a 51% price swell

2024-01-02 10:07:13

Although it hasn’t reached its 2017 peak, Lisk continues to trend, according to a Jan. 2 CoinGecko report.

Despite the promising report from the major cryptocurrency ranking website, Lisk has declined in popularity over the last six years. At the time, Lisk was one of the top 20 cryptocurrencies by market capitalization.

Cryptocurrencies By Market Cap Report | Source: CoinGeckoHowever, in 2023, amidst the maturation of the blockchain industry, Lisk is now positioned at 244 in CoinMarketCap rankings. This shift is accompanied by an 83% decrease in its market capitalization, dropping from $919 million to $152 million.

Recent interest in the altcoin is now believed to come following an announcement of an expansion strategy in which Gelato, which facilitates Lisk, would integrate into the Ethereum eco by transitioning to an Ethereum Layer-2. This move positions Lisk alongside OP Mainnet, Base, and other OP Chains, making it the first Layer-1 to commit to Optimism’s superchain vision.

For context, Lisk is actively pursuing onboarding 100 million users to crypto and web3, providing a user-friendly blockchain application platform and a leading Java SDK. Launched in 2019, the Lisk SDK empowers developers to construct application-specific blockchains using Java, the world’s most widely used programming language.

At the time of writing, Lisk is sitting at $2.05, a 51.1% increase in the last 24 hours and a 24.4% increase in the last month.

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