If you are like me, Rise is a coin you are probably glad you didn't get around to buying recently. As a minor bag-holder of Rise from the sudden Bittrex de-listing, I'm here to tell you a bit about it.
Rise was initially an appealing coin in the sea of alts, being a fork of Lisk, another coin that performed well last year. Rise shares Lisk's ability to stake out for a reasonable (5-7%) return. However, I suspect Rise also takes Lisk's (and Dash's) MasterNode arrangement which requires you to either hold a large amount to stake yourself, or pool with another group and lose a cut to pool fees.
Rise (and Lisk) are both Dapp, or decentralized-application, platforms. The idea is to provide a user-friendly and decentralized platform for hosting applications of all types - think applications with the advantages of smart-contracts.
Rise has followed the "Neo" branding playbook and refused to be held back by a poor logo like AntShares once was. For some reason, I've always found their multi-colored spirally-thingy to be rather appealing. The branding on the website is well-done.
So, where's the bad news?
The immediate bad news is Rise was de-listed from Bittrex recently, and if you take a look at Bitshares you'll see what a (temporary) setback that can be. This came at a poor time for Rise, during the February "Crypto-calypse", which really maximized the damage to Rise's market-cap.
The outlook on the Rise Reddit is a little grim. The developers seem to have mostly gone quiet after a brief announcement regarding the Bittrex de-listing. They promised to follow-up within 24 hours after that post, but failed to do so for several days and I do not know if word has been sent.
It's possible that after such a harsh dip, Rise could be a good technical play. The problem is that it has already more than quadrupled off the low of 11 cents, and that alone renders the logic of buying it "mostly because it just got steam-rolled" a risky play. The market price is probably roughly correct in discounting the risk of Rise having slowed or no development going forward, as the project theoretically just lost 93.4% of its funding, (market cap) peak to trough.
At this point, I cannot recommend Rise. Do your own due diligence if you are interested, and be thorough.
Disclosure: I own 15 Rise =)
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...and a 5000+ active user Discord Chat Server! (click me)
Sources: Google, CoinMarketCap, Reddit, Rise.vision
Copyright: Rise