Lisk and Stellar are two coins set to have a big year ahead of them. An indicator of this is what transpired yesterday after news broke from South Korea. The news shook the market – most of the top 10 coins were down in the double digits. Despite this, however, Lisk and Stellar are now rebounding steadily with Stellar being the top coin in the top 10.
What news yesterday was that South Korea spoke of its stance on cryptocurrency and began implementing new rules to halt anonymous domestic cryptocurrency transactions on numerous exchanges. As news began making its way worldwide, the market panicked and suffered as a result.
However, things look brighter today as Kim Dong-Yeon, the Minister of Finance for South Korea, has allayed fears. He clarified that regulating the exchanges is the current task at hand. and continued;“there is no intention to ban or suppress cryptocurrency.”
As confidence continues to settle on the new regulations in South Korea, the market as a whole should continue to rebound. Lisk (LSK) is one of those top cryptocurrencies whose price has gone the opposite way than most in the last 24 hours.