Two Cryptocurrencies That Are Set To Soar

Lisk (LSK) – Lisk experienced significant price volatility at the end of 2017 after its much anticipated rebranding got delayed a couple of months. This rebranding is now set to occur on February 20th and looks set to be a game changer. Here is some of what we can expect from the Lisk rebranding:

  • Blockchain-as-a-Service offering: Partnering with Microsoft Azure, Lisk will offer developers a platform to develop, test and manage blockchain-based decentralized applications (dApps). Lisk will become the first blockchain network to offer this service.
  • Sidechains: Sidechains ensure that the main blockchain is free of spam transactions which can cause delays in the system, as we have seen with Bitcoin.
  • New user interface: New site and platform will be rolled out along with a Lisk wallet. Rumors are that this new interface will be revolutionary and set a new industry standard.
  • dApps: The Lisk platform has become the platform of choice for developers and programmers as Lisk facilitates the development of dApps which are favored because of their immutability (unchangeable) and scalability.

A comparable rebranding carried out by NEO during the summer of 2017 saw NEO’s price rise from ~$7 in late July to over $50 two weeks later. The Lisk rebranding has the potential to be even more impactful than NEO’s.

Accumulate (LSK) up to $35

3 Month Price Target for Lisk: $60

 

Litecoin (LTC) – The big story with Litecoin is LitePay. Charlie Lee and the Litecoin Foundation have positioned LitePay to be an all encompassing solution for payments.  Litepay’s wallets will bridge the gap between fiat currency and cryptocurrency through its LitePay card which allows users to load dollars into their Litecoin wallet without any fees;  the LitePay card can be used at ATMs, merchants and anywhere else VISA cards are accepted.  And finally, merchants can receive USD or local fiat into their accounts; avoiding risks associated with price volatility.

LitePay would also solve many of the usual problems involved with searching for and finding the best wallets; LitePay allows users to store and use their litecoins from a single, secure mobile or desktop application – thereby creating one ecosystem.

LitePay is set to be launched in February which means it is weeks or even days away from potentially offering the long awaited solution to payment processing using cryptocurrencies. LitePay also has the potential to greatly accelerate Litecoin’s public adoption rate which should in theory result in large price gains for the cryptocurrency.

Accumulate (LTC) up to $275

3 Month Price Target for Litecoin: $400

 

DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.  This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Cryptocurrencies are extremely volatile and it is possible to lose your entire investment. It’s your money and your responsibility. 

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