Lisk Takes a Hit After Rebranding Delay

[kreslik.news]

Lisk has taken a recent hit in token valuation, falling more from approximately $10.60 to nearly $8.20, but rebounding off its lowest point hit earlier at around $7. The drop has been blamed on Lisk’s recent announcement at a Berlin meetup that the company is pushing back its rebranding date until February 20, 2018.

According to CryptoVest, Lisk holders began dumping their tokens en masse onto the Bittrex exchange. Holders on other exchanges followed suit. The rebranding was the image boost that manyLisk investors had been waiting for as a boost to Lisk’s token value.

The massive sell-off comes ... (read more)