While the consolidation among cryptocurrencies continues, Lisk, the cryptocurrency application that makes it easy for you to build your own blockchain, is approaching $1B market cap again. Ranking 22nd in terms of market capitalization, Lisk (LSK) was up 4.66% on Sunday, more than all the other altcoins that rank higher than it on the list.
Lisk started a partnership with Microsoft (MSFT) back in 2016, one which is no longer ongoing, but it sure helped become easier for developers from all over the world to create, test, and even launch Lisk blockchain applications.
Lisk is currently working on a number of projects which appears to be helping it stay ahead of the crowd. One of them is the Rencoin project, that aims to encourage children to learn through incentives of earning REN coins for their efforts and achievements. Rather than earning ‘stars’ in class for their work, they get to collect some crypto in their wallet.
Another Lisk based project is the Moracle Project which aims to solve the problems of offering an inexpensive, decentralized and fast oracle service.
Last but not least on the Lisk Blockchain is the Sapiens project. This is a complete decentralized academic and certification system with an integrated courses marketplace. The projects aims at digitizing all our academic records and having them accessible, verifiable, traceable and shared among institutions.
At the time of writing, LSK/USD is trading at $9.10, below the daily Ichimoku cloud, and has a long way to go before it can reach its all-time high levels above $40 from back in January. Despite Lisk’s current project, a more sophisticated general cryptocurrency bullish sentiment might be needed for it to break above the current resistance levels.