From Out Of Nowhere
We have seen the DeFi space making some really amazing moves over the past couple of weeks. However, it was as if Loopring had been left behind, or somehow didn't get invited. While most DeFi projects were pumping, LRC was still snoozing at around $0.09 - $0.10!
We did however see quite a significant DeFi correction taking place, as Compound and Balancer began to retrace quite strongly from their lofty highs.
Projects like Aave began to bounce back nicely and now so too has Loopring. LRC has come out guns blazing and is up approximately 30% for the day, surprising many, including myself!
The beauty of Loopring is that you can earn it entirely for free on Publish0x. I have mentioned in other posts that LRC is the one token that I have chosen to hodl from my Publish0x earnings. I have no intention of selling my holdings, only to accumulate more.
The Plan Remains
So even though the price may spike and surge, I have no intention of trading LRC for short-term gains but rather to hodl for the much longer term. Take ChainLink for example: Hodlers may have seen the price surge past $5 and considered selling so that they could buy in again at a lower level. Those who decided to sell at $5 would have to look on as LINK proceeded to touch almost $8!
Hodl positions are hodl positions and they should not be touched, only increased. One can always find a reason to sell but it's important to remember the motivation and the strategy you are executing.
So I will continue gathering more LRC for as long as Publish0x continue offering it as a means of payment. I suppose at some point it will be replaced by another project but until then, it's time to gather!