Yes. Ryan Cohen Carl Icahn has something cooking with Overstock Tzero bbby ch11 emergence with 3x companies in dockets with likely shareholder reissue on a blockchain to preserve NOLs eliminate naked shorts utilize the nft marketplace beta. Watch ThePPshow on YouTube
Loopring
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:
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Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
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Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
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Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.
All speculation and no facts! If your watching the PP show for your information I’m afraid you’ve already lost.
Been doing my own dd reading the dockets. Too bad you missed out then. 50 million spent on M&A attorneys to preserve NOLs. Debts eliminated through ch11 reorganization. 10+ billion recently injected capital. Shareholders must retain 50% of the equity to preserve NOLS
https://x.com/phantomblack699/status/1723522156468822092?s=46&t=efQd0KTNiHc611uaAJGLwg
I rest my case
At the current prices I would say yes
Nah, swap it for bitcoin
Thinking of swapping some for eth, but wbtc can’t being a bad idea
don't hold wbtc long term, it's not made for that
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?
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
So true , you can see clearly pump and dump in LRC weekly chart .If you are not sure look the valuation against BTC ,every week its going lower and lower
actually, LRC sats is going up in the last 4 weeks
Its lost his value against the BTC , that's the only thing that matters to me
And Bitcoin is up 118% in the past year ?
“If you don’t have any loops that’s why you need them.” - Yogi Berra probably
It’s called gambling. Not investing
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.
Wait, what bull market?
We’re not in a bull market lol
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:
It’s up 30% since oct 19th
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
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.
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.
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.
All great points.
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.
Just depends if that crook Wang decides to sell into any price increases, which I’m guessing he will.
Value play lmao dog all this shit does is go down
It’s an absolutely hold, NFA #Loopringistheway💙🏴☠️#BOYB #WAGMI
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
OP, you truly need to DYOR. This thread is chock full of ridiculous responses. Not sure why your post brought out so many truly illogical, and arguably stupid, replies.
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You may want to start backwards, with the recent “Loopring Repositioning” blog post: (https://medium.com/loopring-protocol/the-new-multi-network-loopring-looprings-evolution-repositioning-3526d7c11173)
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You may find it helpful to go further back to the latest quarterly report (https://medium.com/loopring-protocol/loopring-quarterly-update-q3-2023-34f30b88f2de)
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You might also consider reviewing Byron’s summary of a recent community call. The call was supposed to be recorded, but there were technical difficulties realized after the fact. (https://medium.com/loopring-protocol/loopring-community-call-1-b9560c6f0977)
Id say after the crash.
If i knew how to sell. I would.
Will continue to baghold my 5000 loops
It will perform, but not very good compared to alts launched in bear market. LRC has to many bagholders from previous cycles that bought way too high. Sell pressure will be very high wen we get better prices. Don't expect x100 thats just delusional. As soon as im in the green im out😅
Absolutely, LRC will blow up and melt faces next bull run, still very cheap
I think LRC will do just fine during the next bull run. But again no one knows for sure I’m just gonna hold my big bag of fruit loops
I’m hodlin my floating tree with no roots, two Nate and Eva’s and 4 vessels
Just a little ways to go to gwt back to $2
Just like XRP or GRT will never happen.
Most of us are deep in the red so no other option until tax season
Yes but I’m biased. More good things to come… Patience pays.
I’ve been holding this trash for over two years and all it does is die. don’t be like me and bounce out
Dude. Why u even bought it if you don’t believe in it? Man, I don’t get guys like u. Just buying because of a hype.
Of course it’s still worth it. Does the fundamentals has changed? No.
You should focus on longterm, not shortterm price trend
Next real run up I think it may fly again, when who knows
only because I’ve lost so much. can’t sell.
it’s so devastatingly low that it is not even worth touching unless I want to take a big loss for tax purposes. I’ll either do that or maybe convert to ETH if it rebounds a bit
but I see no value in loop
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Till the end of time
Not sure anyone should convince you to stay. If you don't believe exit.
LRC will move to .40 cent this little mini bull cycle before crashing back down to the .20 then the next cycle is where the fun begins.