Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
- I do hold a long position in LRC as a token holder.
TL; DR
1. LRC has undergone 433.35% return from USD 0.1754 to USD 0.9355 since 01 Jan 2021.
2. Loopring's overall transaction volume is declining in year 2022 as compared to 2021. However, this issue is mainly a macro-driven issue rather than a micro (i.e. blockchain-specific) one as central banks around the world hike interest rates and adopt hawkish monetary stance.
3. Quantitative risk measurements (Value-at-Risk, Kurtosis, Return distribution) are suggesting that LRC is trading at a relatively lower risk level as compared to 10 days ago.
4. Loopring has the greatest number of Reddit community as compared to other DEX.
5. LRC-USDT futures were in a net selling position this month, with selling volume overweigh its buying volume.
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