Loopring

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A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.

DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.

Ongoing projects led by Loopring:

Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.

founded 1 year ago

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LRC price action (alien.top)

submitted 11 months ago by whoischig@alien.top to c/loopring@blockchained.world

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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?

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[–] OnTheGreatWave@alien.top 1 points 11 months ago

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.