I’ve been believing in LRC since just before the GME hype. Saw a random Reddit post leaking it and figured why not. Went from .34 to almost $4. Good times right?
Since the crypto winter began I’ve been accumulating LRC slowly over time especially under .20. The discussion question is “What is up with the price action?”
Considering these facts I find it hard to beleive this project is valued so low.
- Continuing to Build through the down market
- Active community and developers
- Its own self custody wallet with attached DEX
- Streamlining ETH transactions over multiple projects and blockchains.
Today at last check loopring was #138 by market cap. There are literal scams valued much higher, dead projects. Luna classic is valued higher than LRC. What will it take to see some value added? Is the price being artificially suppressed?
If GME went to a crypto type stock market and taking their shares off real exchanges creating a huge short, maybe some action.
I’m with you. Love LRC and will be holding and using their wallet for a long time to come. LFG.
I’m still holding but I’m convinced Daniel just took the money and ran building the zkevm on taiko instead fucked all us lrc holders while he made millions from us
Should of sold at 4. Didn’t. Now holding and hoping !
I know this gets said all the time but marketing is key. They’ve been doing a great job building and I’m excited to see what comes with Taiko but eventually they will have to get the number of users way up.
Totally agreed on marketing. In the tech world you can get some really clever people, working on amazing tech, but if no one knows about it, they’re doomed to fail. Definitely want to see some real marketing to get mass new users, not just hyping up the existing echo chamber
Also I went to activate a friends wallet for them the other day, the fee is still $50 ish at a relatively average gas time of day. no doubt thats going to go down to $20 ish when gas is peak low, but its still expensive and a huge barrier for entry to new users. Anyone know if the Taiko deployment will make that initial activation smart contract considerably cheaper, as if so thats a huge win
People on the discord made fun of me when i said it would crash back down to sub 20 cents early 2022. Loopring only pumped because of Gamestop. Simple as that, end of story. In 2017 in only pumped because of split.
I lost half my crypto in lrc get out of it
I would put all my money on LRC being one of the most manipulated tokens out there.
Wen Lambo?
You would lose qll your money then
As I’m writing this the market capitalization is 279 million. That’s still fucking massive for a product that isn’t mainstream.
My 2 cents is we haven’t seen the purge yet given the market caps of the shit coins.
Price action is garbage. But the tools are great. Use dual investment all the time. Wish there was more on the dex but that time will come.
I agree with the above though, marketing is just so far off.
Wouldn’t dual investment just keep prices lower. Everyone constantly buying/selling automatically in low range.
I guess so. But i think that most people who dual invest dont have much effect on the overall market. Thats more narrative driven i think
I guess so. But i think that most people who dual invest dont have much effect on the overall market. Thats more narrative driven i think
Could marketing help ELI5 the wallet for user adoption?
Is that even the point of this product?
I have had a wallet and lots o’ loops since the rocket and no actual idea why.
What’s up with the price? The token has zero utility. Why should it be valued highly? Serious question by someone who locked in a 90% loss after realizing there’s no plan to make the token valuable
So, I think “locked in a 90% loss” means you became impatient and sold your LRC at a devastating loss in the depth of the bear market. Yet,… for some reason you still choose to return to this sub and spend your limited time and energy lamenting your loss. I’ve never understood why people dislike the project but spend time here. It makes no sense to me. Why not just take the L and move on.
Maybe you forgot to mention that BOC and alibaba has patent the shit out of LRC in early stages. Which means when these two go mainstream with LRC protocols, a lot of transactions through their ecommerce and bank will accor. That means heavy traffic, more pools more everything.
I love my loopring. Dca for two years
We’re ranked 134 right now. We need to break the top 100 and then the top 50… etc.
Once you take the red pill and go down the rabbit hole of gamestop/bbby/teddy/loopring/ftx/binance/government you will understand how and why.
The tldr version is just greed and crime.
If you want the answer to this question it will take over at least 100+ hours of research to fully understand. *WARNING* If you decide to go down this path…you will never be the same.