LUKSO $LYX and digital identities, a hidden gem?
Chart: This is the old LUKSO chart before they migrated from ETH, current price sits at 9 - 10 $ but due to no history i used the old chart.
16$ area will be important to break and then 24$ in sight with 40$ ATH. LUKSO should easily reach price discovery due to new chart and the reasoning below.
WHAT IS LUKSO:
LUKSO was initially launched as an ERC-20 project by Fabian Vogelsteller, father of the ERC20 Standard. LUKSO is aiming to be more social and more community oriented.
LUSKO focuses on bringing Blockchain to the masses, similar to what
NEAR aims to do, make it more accesible and useable for all.
With even more normies onboarding this cycle especially due to possible ETF approvals, i think the "accesible to all L1" narrative is strong.
UNIVERSAL PROFILE - Page 24 WP
The big statement LUKSO wants to make is stop storing everything on keys and start storing on your universal profile. A profile that can receive any asset, they all call the same function.
Basically embracing the narrative of a Digital identity which is an untapped market to my knowledge.
There is a lot to read and more to LUKSO than just their universal digital profiles, its an old project with a mediocre performance last cycle on its old chart at 40$ ATH. Currently around 9-10 $.
Yet their team has been building and they are developing a product that stands out. LUKSO was one of those projects that seemed promising but had little to provide, thus stayed in the shadows.
16$ area will be important to break and then 24$ in sight with 40$ ATH. LUKSO should easily reach price discovery due to new chart and the reasoning below.
WHAT IS LUKSO:
LUKSO was initially launched as an ERC-20 project by Fabian Vogelsteller, father of the ERC20 Standard. LUKSO is aiming to be more social and more community oriented.
LUSKO focuses on bringing Blockchain to the masses, similar to what
NEAR aims to do, make it more accesible and useable for all.With even more normies onboarding this cycle especially due to possible ETF approvals, i think the "accesible to all L1" narrative is strong.
UNIVERSAL PROFILE - Page 24 WP
The big statement LUKSO wants to make is stop storing everything on keys and start storing on your universal profile. A profile that can receive any asset, they all call the same function.
Basically embracing the narrative of a Digital identity which is an untapped market to my knowledge.
There is a lot to read and more to LUKSO than just their universal digital profiles, its an old project with a mediocre performance last cycle on its old chart at 40$ ATH. Currently around 9-10 $.
Yet their team has been building and they are developing a product that stands out. LUKSO was one of those projects that seemed promising but had little to provide, thus stayed in the shadows.
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