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.
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.
Value play lmao dog all this shit does is go down
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.
Has there been suggestions of an announcement prior to black Friday?