Topic: LRC coin worth holding? (Read 84 times)
I will advise you not to get carried away by low supplies of a coin to translate into it a future success, it doesn't work that way what makes the difference is the utility of the coin so if the coin is low on demand then its price will bounce downward and it will not recover. But I have not taken time to research much about LRC coin but the little I have known is that the coin looks good with a decent total supply but need more utility for it to gain high demand that is the only way that the coin holders will gain from the investment.
LRC is a good coin with geat technology and an actual motive what do you think about the future of this project?
Well, that is not a guarantee that the coin will perform well in the future. I have seen many projects fail in recent years that had great technology and good motives. That alone is not enough. I don't know the LRC in detail, but I have observed many projects in the past that had similar characteristics.
True, it's not a guarantee of future success of this project. Heck we even saw a lot of good projects in 2017 which suddenly die in the bear market that starts in 2018. So this could be the case as well, if LRC can prove itself in the bear market and survived, maybe it will continue but not sure if it can have the support of the community.
The market is somewhat saturated already and even with a great technology and the people behind are very active, it might not be enough. At least create some hype so that it will be notice by crypto enthusiast.
The future is bright and the marketcap is so small compared with its daily trade volume.
All tokens already in the circulating supply and this good for the future of this project as there will be no more tokens come to the circulation means no inflation. The total supply already capped and i think that loopring is worth for long term. The marketcap and daily trade volume are almost the same.
All tokens already in the circulating supply and this good for the future of this project as there will be no more tokens come to the circulation means no inflation. The total supply already capped and i think that loopring is worth for long term. The marketcap and daily trade volume are almost the same.
Limited supply does not necessarily mean that the price will rise unless there is enough demand, that will only be created by real reasons, otherwise the growth will be temporary, not instantaneous, and will end quickly.
Is there a unique reason why people use LRC? I do not think most of the reasons will be related to it being a good alternative to the problem of high fees in Ethereum, and about it:
- If the price goes down, the fees go down, so there is no need to use Main chain.
- If the price goes up, the fees will go up, but there are more attractive options.
Therefore, I find no justification for its exceptionally high.
LRC is a good coin with geat technology and an actual motive what do you think about the future of this project?
Well, that is not a guarantee that the coin will perform well in the future. I have seen many projects fail in recent years that had great technology and good motives. That alone is not enough. I don't know the LRC in detail, but I have observed many projects in the past that had similar characteristics.
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LRC is a good coin with geat technology and an actual motive what do you think about the future of this project?
The future is bright and the marketcap is so small compared with its daily trade volume. All tokens already in the circulating supply and this good for the future of this project as there will be no more tokens come to the circulation means no inflation. The total supply already capped and i think that loopring is worth for long term. The marketcap and daily trade volume are almost the same.
Also I read fed chairman Powell wants new rules and regulations for crypto. What does everyone think about this, will it drive up prices or down? Any impressions.
The fact that crypto's fear is not even around here anymore, You must see how bitcoin is slowly moving forward again. Crypto is going back to the its 2 trillion marketcap. This is a signal if the fed has no impact anymore to the bitcoin and whole of crypto. More and more countries are seeing crypto as legal tender for bitcoin.
LRC is a good coin with geat technology and an actual motive what do you think about the future of this project? Also I read fed chairman Powell wants new rules and regulations for crypto. What does everyone think about this, will it drive up prices or down? Any impressions.
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