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Lisk, which pounced 65% after listing on bitFlyer on Wednesday, posted a 20% avail yesterday after Huobi.pro also listed the altcoin. Lisk has unequivocally benefited after securing two exchange listings in one week.
Source: Coinmarketcap.com
While Wednesday, Jan. 31, was barbarous for the cryptocurrency markets, as bitcoin’s price fell below $10,000 and the cryptocurrency demand cap entered sub-$500 million territory for the first time since Jan. 17, Lisk soared. Briefly before 6:00 UTC Wednesday, the Lisk price was trading at roughly $21.50 on Bittrex. Within the spell of 25 minutes, the Lisk price was valued at $36.27, which portrayed an increase of more than 65%.
The price soon dropped back under $30, but it continued to trade well above its previous level.
Huobi Beadroll Gives Second Lift
Yesterday, Feb. 2, Lisk announced its index on the Huobi.pro exchange, allowing LSK token holders to trade against BTC and ETH. Tartly after the Huobi listing was announced, the price shot back up from $16.08 to $23.42, according to coinmarketcap.com.
“Today’s word caps a very successful week for Lisk, following Wednesday’s come out of our LSK token on the bitFlyer exchange,” said Max Kordek, Lisk founder and CEO, in a advance statement. “The addition of LSK to the Huobi.pro exchange elevates the status of our platform as we approximate our relaunch event on Feb. 20 in Berlin, and strengthens our ambition to be the enablers of novelty, making blockchain technology more accessible to everyone.”
“This on the go underscores the strong confidence and belief in our platform and we are excited to extend our reach to millions of extensive traders through the Huobi.pro exchange,” Kordek added. “We look advance to growing our community, allowing developers and entrepreneurs to tap into the tremendous power of blockchain technology, ushering in a new era of invention.”
The listing on bitFlyer was notable — and unexpected — since the exchange previously contrariwise supported five altcoins: Ethereum, Ethereum Classic, Bitcoin Scratch, Litecoin, and Monacoin.
Also read: Lisk price spikes 65% on bitFlyer muster
Lisk’s Long-Term Progress
Lisk’s price first emerged from the low single-digit variety in August and has been progressing into the high teens and $20-plus extend.
Lisk is a blockchain application platform that stores decentralized attentions in sidechains, as opposed to a main blockchain like Ethereum, allowing purchasers to develop applications from scratch using the mainstream language of JavaScript.
The decentralized plank allows for the deployment, distribution, and monetization of sidechains on the Lisk blockchain. The Lisk network is conducted using a delegated Proof-of-Stake consensus model, secured by democratically-elected delegates.
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