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?
I know this gets said all the time but marketing is key. They’ve been doing a great job building and I’m excited to see what comes with Taiko but eventually they will have to get the number of users way up.
Totally agreed on marketing. In the tech world you can get some really clever people, working on amazing tech, but if no one knows about it, they’re doomed to fail. Definitely want to see some real marketing to get mass new users, not just hyping up the existing echo chamber
Also I went to activate a friends wallet for them the other day, the fee is still $50 ish at a relatively average gas time of day. no doubt thats going to go down to $20 ish when gas is peak low, but its still expensive and a huge barrier for entry to new users. Anyone know if the Taiko deployment will make that initial activation smart contract considerably cheaper, as if so thats a huge win