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- 1 The LSK token price is up 2.58% in the past 24 hours and was trading at $1.14 at press time.
- 2 The daily LSK/USD chart demonstrates the formation of a declining parallel channel pattern.
Lisk is a blockchain platform which aims to bring over 100 million users into the web3 world by offering a user-friendly and developer friendly environment. It has a JavaScript SDK that allows developers to create custom blockchains for different applications. It includes DeFi, NFT and Metaverse.
Moreover, it also has a blockchain application platform that enables interoperability between these blockchains. It is managed by a Swiss Foundation and developed by a Berlin Studio.
The daily LSK/USD price chart demonstrates a short term correction going on in the price. The price is declining following a parallel channel pattern. It may remain in the correction phase until it is maintained in the channel.
Moreover, the long term trend seems to be positive as a bullish crossover is observed on the chart. The price is hovering above the 50-day and 200-day EMAs.
The breakout above the declining parallel channel pattern may signify towards the end of the correction phase. Thereafter, the price may resume its long term trend.
Lisk Price Prediction 2023
The volume analysis shows that the trading volume increased by 452.07% and reached $21.459 Million in the past 24 hours. The LSK crypto ranks 271st among the top cryptos with a live market cap of $146.431 Million. The volume-to-market cap ratio is 2.65%, indicating low volatility in the market.
The price prediction of LSK crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $1.4047, indicating an upside potential of over 23.89%. The pessimistic outlook of the analysts hopes the price may drop to $0.9705.
Lisk Price Prediction 2024
As per the analysts, the most optimistic target that Lisk crypto price may achieve is $2.298; indicating an upside potential of 101.85% from the CMP. The minimum analyst price target is $1.701 by the end of 2024.
Lisk Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the LSK price may reach a high of $3.67. The price may reach $2.780 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $2.317.
Lisk Price Prediction 2026
The Lisk cryptocurrency price may reach a high of $4.7890 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $3.677 by 2026.
Lisk Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Lisk crypto estimates a price target of $6.4262. The minimum price target that LSK may achieve by 2027 is $4.651.
Lisk Price Prediction 2028
The analysts are optimistic about Lisk (LSK) and predict that the price could go up to $8.7918 in the next five years. However, the pessimistic analysts expect the price to drop to $6.877.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
