Behind Lisk’s rise is a new listing. The cryptocurrency recently got listed on Japan-based exchange bitFlyer, which has been expanding internationally. This gives Lisk exposure in new markets, effectively bringing in new investors.
bitFlyer Welcomes Lisk!
Lisk is now supported on our Altcoin Market. After logging in to bitFlyer on a PC, a Lisk tab can now be selected in our Altcoin Market (Buy / Sell Altcoins).https://t.co/vkf6VK2ZOC pic.twitter.com/KspoD8NGj0
— bitFlyer（ビットフライヤー） (@bitFlyer) January 31, 2018
After bitFLyer’s announcement, Lisk’s token saw its value surge from $22.5 to a $31.9 high, according to data from Cryptocompare. At press time, the cryptocurrency is still up by 11% in the last 24-hour period.
Soon after listing Lisk, the exchange experienced technical difficulties and became inaccessible. At press time bitFlyer is back up. It confirmed the outage on Twitter, pointed to “connection issues due to highly concentrated server load” as the cause.
Notably, the exchange has recently set up shop in Europe, after already expanding to the U.S. in 2017. Given its over $240 million daily trading volume and its international reach, cryptocurrencies listed on the exchange are bound to surge.
Lisk to rebrand in February
Lisk is set to rebrand on February 20, according to its team’s announcement. Antshare’s rebrand to NEO helped push the project’s value up, and investors believe Lisk’s rebranding may have the same effect.
The cryptocurrency was set to rebrand last November, but failed to do so. At the time, its price dropped from about $10 to $7. Regarding its official relaunch on February 20, the team’s official statement states:
“As a company, we are striving to shape the future of blockchain application and it is our priority to make sure our brand reflects just that.”