Remember the other day I was talking about what Loopring does, its utility & purpose in the crypto space, & also that it is currently undervalued? Well it was around $.025 cents then. Now it's $.036, about a 50% rise since then! Imagine getting 50% gains in the stock market- you'd be ecstatic, overjoyed! In crypto such things seem to be common place on the regular. But if you sort by top gainers in the past 24 hours, guess which one comes out on top, beating both BTC & ETH by a long shot? That's right, if you guess Loopring, you'd be correct!
I still believe $.036 is massively undervalued since this utility token was once over $1.00, imagine if it got back to even $.50 cents! You'd be missing out on a huge profit margin by not hodling a bag. I'm no financial expert or advisor but I'd say the odds are in your favor here! With a newly launched decentralized exchange, where you can trade right from your hardware or software wallet, I'd say we are just entering price discovery. People are starting to see the huge potential for Loopring. In a trustless society, decentralized exchanges would quickly become the norm. People don't always trust leaving their money or crypto on centralized exchanges, especially smaller ones, that can be prone to hacks & losing user funds.
So my opinion is under $.04 cents is still cheap, undervalued, and the future is looking bright for $LRC! I'll be picking up a bag soon, will you? The further Bitcoin moves up past $7,000, the more we'll see certain quality altcoins, as I like to call them, witness more pumps. It could come out of the blue, nobody really can quite predict what happens but what we do know is that it WILL happen sooner or later, just like we've witnessed time & time again in the past. Could another altseason be upon us? I don't know but I'm willing to take the chance. 1000 Loopring is under $40 currently- if we see anywhere near the previous all time high, that $40 could turn into $1000. Crazy things happen all the time around here, you just have to know where to look