Could Loopring Start Altseason?

By CryptoOwen | crypto owen | 7 Jun 2020


If you have been on this site for a while, you've seen how Loopring or ticker $LRC was added not too long ago. Around that time it was like 2-3 cents & I was saying that it was massively undervalued. Well I've been watching it for the past week & it has been making EXCELLENT gains! It is now at $0.08 and gunning for $0.09 even. 10 cents around the corner? We'll see! I hope you were able to pick up a bag when I recommended it back in April. If you did, you already made out like a thief in the night & maybe even more gains to come soon, as the world starts to pick up on what is happening in the Loopring dex & beyond!

 

 

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What's driving this run up? Well it seems that Loopring has succeeded in launching a Layer 2 protocol built overtop Ethereum's ecosystem. What could this mean? Well finally after hell knows how long, it seems Ethereum is close to launching the Layer 2 protocol. This would bring instant & free payments to users taking advantage of Ethereum & tokens built on top of it, which could be a game changer! Everyone knows Ethereum is the second most used cryptocurrency by volume, especially when you include $USDT, which is by far the most used stable coin in cryptocurrency, and with Ethereum trading at a premium of almost 1000% on Grayscale, I see BIG THINGS in the horizon for not only hodlers but people who use the cryptocurrency or underlying protocol on a daily basis like I do. The only thing holding it back is it's ability to send tokens around on the protocol & the fees that are involved. The network congestion usually isn't much of an issue but at times can be & I've seen fees as high as $1 which would be a thing of the past when Layer 2 officially launches.

 

 

So what is my advice? Well the most sound advice I could give is get a big bag of Loopring, which will work closely with Ethereum's impending Layer 2 protocol launch, & also make sure you have some Ethereum (and maybe some Chainlink) in your portfolio! Who else is bullish for the rest of 2020 & beyond??

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CryptoOwen
CryptoOwen

Bitcoin is the future. Fiat is the past. Pretty chill dude who is super into cryptocurrency, good music, basketball, football, and life in general. Enjoy every moment, they don't last forever. Tip & comment on my posts! I always try to comment back :)


crypto owen
crypto owen

This is @CryptoOwenW from twitter checking in. This blog will be mainly about Cryptocurrency, price movements, Bitcoin, Ethereum, ERC20 tokens, Publish0x content, & crypto news in general. I strive to keep readers up to date on what I'm seeing happen in the crypto space!

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