{"id":410363,"date":"2020-01-09T19:00:03","date_gmt":"2020-01-09T19:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=410363"},"modified":"2020-01-09T18:17:45","modified_gmt":"2020-01-09T18:17:45","slug":"crypto-bubble-deja-vu-altcoin-lisk-gains-50-against-btc","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-bubble-deja-vu-altcoin-lisk-gains-50-against-btc\/","title":{"rendered":"Crypto Bubble Deja Vu: Altcoin Lisk Gains 50% Against BTC"},"content":{"rendered":"
This morning, crypto Twitter lit up with discussion over an altcoin that was once buzzing during the 2017 crypto hype bubble went on a sudden rally against Bitcoin<\/a>.<\/p>\n Before the rally began to retrace, the pump saw a massive 50% gain against BTC in a single day, giving crypto investors who were around during the bubble phase a whopping dose of deja vu and a reminder of the gains that once were.<\/p>\n The crypto market has been in a bear market for over two full years now, but the days of skyrocketing altcoins left and right, and Bitcoin’s meteoric rise into the public eye, will never be forgotten.<\/p>\n Related Reading | Max Pain: Bitcoin Boredom Incoming Before Bull Market Begins<\/a><\/strong><\/em><\/p>\n Those who were around and investing in cryptocurrencies before the bubble popped and the long crypto winter began, got to regularly witness various altcoins going on insane runs against Bitcoin, bringing early investors massive gains as a result.<\/p>\n It wasn’t uncommon during “alt season” to see cryptocurrencies to post multi-thousand percent gains. But those days haven’t been seen for some time, and may never return.<\/p>\n However, today, one altcoin gave crypto traders a case of crypto bubble deja vu. The altcoin known as Lisk<\/a> \u2013 an extremely popular altcoin during the height of investor exuberance \u2013 went on a 50% rally against Bitcoin<\/a> this morning, before the crypto asset began to retrace.<\/p>\n https:\/\/twitter.com\/TheCryptomist\/status\/88940032<\/p>\n Yesterday, January 8, 2019, Lisk was trading at 660 sats \u2013 the smallest unit of Bitcoin<\/a> measurement \u2013 and today’s pump drove the cryptocurrency to 1000 sats before much of the rally retraced.<\/p>\n Lisk is now trading at roughly 800 sats on the LSK\/BTC trading pair. In USD terms, Lisk was trading around 50 cents yesterday per LSK token and then this morning exploded to nearly 80 cents per token before dropping to current levels around 62 cents.<\/p>\nLSK\/BTC Spikes 50% in Move Reminiscent of Crypto Bubble<\/h2>\n
What is Lisk and How Has It Performed in the Past?<\/h2>\n