Lisk News and Price Analysis: The whole crypto market goes down. Lisk Core 1.0 Testnet Announcement. Friday, June 22

Important Lisk News

Lisk Core 1.0 Testnet Announcement

The team has officially announced the details about launching the testnet which is a great step towards launching fully their mainnet. "We’re excited to announce we are releasing Lisk Core 1.0.0 to our public testnet network when we reach block height 5,594,490 — the date and time is estimated to be 12:00 CET on Thursday, June 28 with the current network growth speed."

Moreover, in the announcement the team talked about future after the release of Core 1.0.0. "Ahead of the testnet release on Thursday, we will be putting out the comprehensive Lisk Documentation and Migration Guide on Monday, June 25, to ensure that everyone will stay up-to-date on our products and have a smooth migration experience with Lisk Core 1.0.0."

"Core 1.0 is Lisk’s biggest development and release to date, including over 4,560 commits and 500+ code changes/enhancements in one single deployment.
- A completely new design and new API
- A new P2P transfer layer
- New layer for communication with the database
- Code migration to es6
- Full atomic block writes
- Security fixes and improvements
- Block processing enhancements
- Improved code standards
- Addition to the 64 byte data field for type 0 transactions
- Many more network advancements"

Lisk Price Analysis

When taking a look at recent Lisk price movement, one has to take into the consideration Bitcoin's price movement and the whole cryptocurrency market, as it has been heavily influenced by the red market and decreasing price of most of top cryptocurrencies.

On June 15th, LSK was trading around $6.88 and the price was declining with each day. After hitting a significant and sudden low of $6.44 on June 16th it has recovered very quickly back to the $6.6 region. On June 18th, LSK hit what seemed to be the lowest point since a long time, as it was trading for $6.10. After few hours, it recovered again and remained stable around $6.45 for next days. The most notable and potentially worrisome for investors is the price drop which started at the end of June 21st. In last 24 hours, LSK lost more than 13% of its value and is currently trading for $5.42, however the price chart still seems to be going down.

LSK/USD Price Chart, Friday June 22th:

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