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?
It was pumped to $4 on the rumours (that turned to be news) that Loopring was collaborating with GameStop. I do not foresee LRC being pumped to that price again. There has not been any collaboration or partnership with another well-known company (do not say Taiko) since then.
LRC’s price may very well increase during the next bull run, whenever that is. Perhaps working with Taiko will amount to some gains? I think we’d be fortunate if LRC ever breaks a whole dollar again.