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.

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.

The fundamentals haven’t changed and the team has been non-stop delivering.

The devs cannot control the price. Sure marketing will help (all in good time), but exactly as you pointed out the market (who decides price) does not value the fundamentals… yet. They value rugpull L2s that launch with no testnet just yesterday 🤣…

And that’s fine. Some even argue that after PoS ethereum has STILL not been accurately valued for what the tech stack can now provide. And that’s the second largest protocol!

Try to use a dapp these days. Many protocols are even geo-blocking the US with the likes of Iran, N Korea, and Cuba! Have to use VPNs in “the most developed country in the world”… Do you think it is time for the actual value to be properly assessed and built into the price. I don’t. Not yet

But what I do see is a non-stop shipping team of devs, and a strong community (particularly in our discord, which you should consider joining) as you’ve pointed out. That is diverse, global and not common. Also consider how we have these things without the double edged sword of big VC money (and a basically fully circulated token)

To me, that’s all I need to hodl for a long time. I’m not a mod because I just want to ban people… I love being here, I love the tech, and I love the amazing humans I get to interact with every day and see what cool stuff they build.

BUT my time horizon is not common. I will never convert crypto back to fiat, in fact I don’t plan to sell anything until I can go to a grocery store in NYC and pay with ETH. With that view, I’m able to maintain my zen and remove the association of “price go up” with “is this a successful team/tech”

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.

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.

I saw someone found that mms/hedge funds group assets into baskets and short them, especially if those assets rival something that their friends want to put into action. You can see it when new options chains start and a fake pump begins with loads of coins, holds a price then halves , then again sometimes.

Anyway, once enough people sold via stoploss or giving up a recovery begins especially when those with money decide to flip long and they do it knowing retail already blew their money at higher levels.

Now you own more you can sell and buy between those other price levels that were created until eventually you’ve finished,then the price runs because retail didn’t sell or it never recovers if not enough people held/ kept buying.

You can see it happening with stocks, but usually crypto. Watch for any pumping media stories, watch the price move up and down a few percent, halve then bouncing up and down for weeks and months. That’s the rich (and people who keep buying at lows) taking profits and playing the in between game.

so many bears here, omfg