Heyo - been a minute since checking in. Realize this is the most biased place to ask this question, BUT:

given movement in the market, wondering if LRC is worth the hold - or should I quick swap to something with more short term promise. Convince me to stay.

  • Easy-Wrangler1111@alien.topBEnglish
    1·
    10 months ago

    Of course it’s worth the hodl. Look at everything they’re building. The wallet is becoming a one stop shop. The L2 DApp browser is a game changer too. Have you seent it yet?

  • mkvelash@alien.topBEnglish
    1·
    10 months ago

    I lost so much in crypto in the last 3 years. The o ly advice I have is don’t get I to it. The price is manipulated. Even if the price of your coins goes up, there’s millions of people ready to sell billions worth of your coin and drive the price back down. Fuck that. There’s no loyalty I crypto

  • Alskiessss@alien.topBEnglish
    1·
    10 months ago

    A few things that could give it a boost in the medium term: The ability to deploy on multiple networks, L3 dropping, tokenomics improve, Bull market continues, A big partnership/s is announced,

    Only one that has been promised is the multi network.

  • the77helios@alien.topBEnglish
    1·
    10 months ago

    I would update yourself on what the protocol is doing… instead of ‘will price go up’. This sub isn’t really for crypto trading and there may be other ones better suited for that

    To get into the fundamentals though, I recommend the most recent post (multi-network) and the 3rd post (community call) here:

    https://medium.com/loopring-protocol

  • geman777@alien.topBEnglish
    1·
    10 months ago

    No one knows anything about where crypto prices are going to go and thats all i can tell you and thats all anyone should ever think

  • voltaiix@alien.topBEnglish
    1·
    10 months ago

    The team has been working this whole winter, its following BTC and other tokens. I personally believe they are covered by so many NDA’s + winter making it not very exciting, but personally I believe we will see a nice increase this bull run and if they are finally able to announce great things, we may see marketing this time around as well.

    I would also Say IMX is a great candidate if you are truely wanting to swap. IMX have a great white paper, good use case, plenty of amazing partnerships and its leading the way in Web 3 gaming. However I believe LRC and IMX are very intertwined with the whole GME Partnership so both could increase very drastically if big news hits us.

    Yes, the whole PR with Byron and Wang Wang doing Taiko, but we don’t know the whole picture yet. This is a speculative play which is high risk investing / borderline gambling.

      • lifepac@alien.topBEnglish
        1·
        10 months ago

        You just wait… there’s a quarterly report coming out that will be better than any other quarterly report in the history of history. /s

    • Speaking_of_waffles@alien.topBEnglish
      1·
      10 months ago

      There is great blockchain technologies now (immutable and Telos), but Taiko is the ultimate game changer. Type-1 zkEVM means any blockchain on Ethereum can adopt it (cross-chain compatibility). It’s worth the HODL.

  • free-crude-oil@alien.topBEnglish
    1·
    10 months ago

    If you compare the market cap of LRC vs something like IMX which have ‘similar’ partnerships. The market cap of IMX is 4.6x that of LRC. To me, that suggests LRC is a value play. Furthermore, you can look at LRC and all of its tokens are currently in circulation. This means that there won’t be dilution and any good news would be immediately reflected in an uptick of the price.

    That being said, I’m waiting to Q2 2024 to see something significant otherwise I’m re-evaluating my position based on any new information. I’m expecting a large announcement prior to Black Friday, and hopefully a token drop from TAIKO in Q1 2024.

    • redhead_instead@alien.topBEnglish
      1·
      10 months ago

      True that. When IMX announced their GameStop partnership those nuggets released a tonne of tokens and tanked the price right after its initial rise.

      As I understand it, there’s little to no chance of LRC doing that. But then I don’t understand much, I just like my big old LRC baggie.

      • emuwhy@alien.topBEnglish
        1·
        10 months ago

        Just depends if that crook Wang decides to sell into any price increases, which I’m guessing he will.

  • rsa121717@alien.topBEnglish
    1·
    10 months ago

    Im kind of in a similar boat as you in that Im not super up to date with everything. But as someone who was here before the last run, I think well be seeing another. At these prices, I think any movement past $1 is worthwhile and it seems feasible. All speculation of course