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.

  1. Continuing to Build through the down market
  2. Active community and developers
  3. Its own self custody wallet with attached DEX
  4. 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?

  • Vexting@alien.topB
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    11 months ago

    I saw someone found that mms/hedge funds group assets into baskets and short them, especially if those assets rival something that their friends want to put into action. You can see it when new options chains start and a fake pump begins with loads of coins, holds a price then halves , then again sometimes.

    Anyway, once enough people sold via stoploss or giving up a recovery begins especially when those with money decide to flip long and they do it knowing retail already blew their money at higher levels.

    Now you own more you can sell and buy between those other price levels that were created until eventually you’ve finished,then the price runs because retail didn’t sell or it never recovers if not enough people held/ kept buying.

    You can see it happening with stocks, but usually crypto. Watch for any pumping media stories, watch the price move up and down a few percent, halve then bouncing up and down for weeks and months. That’s the rich (and people who keep buying at lows) taking profits and playing the in between game.