Lisk (LSK): Is the potential there despite underperformance?

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Oh, Lisk (LSK)... dear Lisk (LSK)... you hold so many promises yet deliver so little. This is the core of the issue with Lisk (LSK). In recent months it seems like no matter what the state of the market is this coin is always dragging behind. Ever since it's re-brand, which was a much-hyped event with no big to do, Lisk's (LSK) performance has been pretty sad, just barely bouncing around on its 10 USD supply line. 

If you were to just look at the description of this coin and its blockchain features you would be quite bullish. But the issue is not with its promises so much as its deliveries, which so far have been all but non-existent. Lisk's (LSK) intentions as a blockchain were to become a better Ethereum (ETH). The plan is to allow users to create their own decentralized applications that will be run on customizable side chains along the Lisk (LSK) main net. Ideally, this would be the solution to network congestion and slow transfers due to high amounts of traffic from many applications at once, something Ethereum (ETH) suffered from during the Cryptokitties craze. Unfortunately after many missed, self-imposed, deadlines it isn't clear if Lisk (LSK) will ever actually release anything, aside from an updated logo that is. Another problem Lisk (LSK) now faces is that the best feature is about to be rendered moot once Ethereum (ETH) fully implements sharding protocol. Unlimited scaling was a major point. Purportedly, Lisk (LSK) will be extremely user-friendly and require no coding knowledge to create apps and their associated tokens for use on the LSK main net. Once again this sounds great, emphasis on sounds. So far there has been nothing beyond the statement that it will do anything, but there has not been much to back that up so far and actual tool releases for these purposes seem very far off.

So is the potential there?

If Lisk (LSK) is able to come together as intended there is a lot of potential upsides. So far, however, every announcement and event has been met with sell-offs and general indifference. The outlook, frankly, isn't that good. It looks like this pattern will continue and for the time being the best anyone can hope for is some small bounces off of its support. Speaking of support, I mentioned earlier Lisk's (LSK) is around 10 USD and is eyeing a break lower. If this is a coin you intend to buy it would perhaps be wise to wait for some lower prices, like 8 USD or less. Hope isn't lost completely, but if Lisk (LSK) can't turn things around and generate some genuine excitement (and not just the attention of those looking at the prospect of a pump and dump) things look rather bearish.


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