this post was submitted on 13 Nov 2023
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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.

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Heyo - been a minute since checking in. Realize this is the most biased place to ask this question, BUT:

given movement in the market, wondering if LRC is worth the hold - or should I quick swap to something with more short term promise. Convince me to stay.

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[–] SomeDumbApe@alien.top 1 points 10 months ago (1 children)

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

[–] LingonberryAromatic5@alien.top 1 points 10 months ago (1 children)

All speculation and no facts! If your watching the PP show for your information I’m afraid you’ve already lost.

[–] SomeDumbApe@alien.top 1 points 10 months ago (1 children)

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

[–] LingonberryAromatic5@alien.top 1 points 10 months ago

I rest my case

[–] JahIthBur@alien.top 1 points 10 months ago

At the current prices I would say yes

[–] harzee@alien.top 1 points 10 months ago (1 children)
[–] Upset-Radish3596@alien.top 1 points 10 months ago (1 children)

Thinking of swapping some for eth, but wbtc can’t being a bad idea

[–] Wolf24h@alien.top 1 points 10 months ago

don't hold wbtc long term, it's not made for that

[–] Easy-Wrangler1111@alien.top 1 points 10 months ago

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?

[–] mkvelash@alien.top 1 points 10 months ago (1 children)

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

[–] glistofor@alien.top 1 points 10 months ago (1 children)

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

[–] pipi-sama@alien.top 1 points 10 months ago (2 children)

actually, LRC sats is going up in the last 4 weeks

[–] glistofor@alien.top 1 points 10 months ago

Its lost his value against the BTC , that's the only thing that matters to me

[–] Justaboywandering@alien.top 1 points 10 months ago

And Bitcoin is up 118% in the past year ?

[–] Chad-Permabull@alien.top 1 points 10 months ago

“If you don’t have any loops that’s why you need them.” - Yogi Berra probably

[–] Bdog325@alien.top 1 points 10 months ago

It’s called gambling. Not investing

[–] Alskiessss@alien.top 1 points 10 months ago (2 children)

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.

[–] Dwccob@alien.top 1 points 10 months ago

Wait, what bull market?

[–] Plastic-Soup-4099@alien.top 1 points 10 months ago

We’re not in a bull market lol

[–] the77helios@alien.top 1 points 10 months ago

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:

https://medium.com/loopring-protocol

[–] Ironclint17@alien.top 1 points 10 months ago

It’s up 30% since oct 19th

[–] geman777@alien.top 1 points 10 months ago

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

[–] voltaiix@alien.top 1 points 10 months ago (2 children)

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.

[–] GMEthLoopring@alien.top 1 points 10 months ago (1 children)

You mean the basically dead NFT marketplace? That partnership? xD

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[–] Speaking_of_waffles@alien.top 1 points 10 months ago

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.

[–] free-crude-oil@alien.top 1 points 10 months ago (4 children)

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.

[–] financialfreeabroad@alien.top 1 points 10 months ago

All great points.

[–] redhead_instead@alien.top 1 points 10 months ago (1 children)

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.

[–] emuwhy@alien.top 1 points 10 months ago

Just depends if that crook Wang decides to sell into any price increases, which I’m guessing he will.

[–] Lumpy_Drummer5500@alien.top 1 points 10 months ago

Value play lmao dog all this shit does is go down

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[–] DDanny808@alien.top 1 points 10 months ago

It’s an absolutely hold, NFA #Loopringistheway💙🏴‍☠️#BOYB #WAGMI

[–] rsa121717@alien.top 1 points 10 months ago

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

[–] apexofgrace@alien.top 1 points 10 months ago

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.

[–] CauliflowerAlarmed62@alien.top 1 points 10 months ago

Id say after the crash.

[–] EHOGS@alien.top 1 points 10 months ago

If i knew how to sell. I would.

Will continue to baghold my 5000 loops

[–] andw00rd_@alien.top 1 points 10 months ago

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😅

[–] dazler34@alien.top 1 points 10 months ago

Absolutely, LRC will blow up and melt faces next bull run, still very cheap

[–] Yungcaysavage@alien.top 1 points 10 months ago

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

[–] ppbourgeois@alien.top 1 points 10 months ago

I’m hodlin my floating tree with no roots, two Nate and Eva’s and 4 vessels

[–] bookworm010101@alien.top 1 points 10 months ago

Just a little ways to go to gwt back to $2

Just like XRP or GRT will never happen.

[–] MuteCook@alien.top 1 points 10 months ago

Most of us are deep in the red so no other option until tax season

[–] financialfreeabroad@alien.top 1 points 10 months ago

Yes but I’m biased. More good things to come… Patience pays.

[–] Lumpy_Drummer5500@alien.top 1 points 10 months ago

I’ve been holding this trash for over two years and all it does is die. don’t be like me and bounce out

[–] xSypra@alien.top 1 points 10 months ago

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

[–] z3speed4me@alien.top 1 points 10 months ago

Next real run up I think it may fly again, when who knows

[–] Knowbody2112@alien.top 1 points 10 months ago

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

[–] MeRooga850@alien.top 1 points 10 months ago (4 children)

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[–] daftzilla@alien.top 1 points 10 months ago

Till the end of time

[–] Fuzzy-Science-9910@alien.top 1 points 10 months ago

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.

[–] iFx_@alien.top 1 points 10 months ago (1 children)
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