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Why people need to pay closer attention to loopring right now...

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Why people need to pay closer attention to loopring right now...

Ill introduce myself by sharing that i am a research analyst who specialises in layer two technology and growing innovation. I have out performed the S&P500 this year with my LRC investment which after an 80% drop is actually still up 29%.

History lesson

Loopring got a first mover advantage on the L2 market by being the first L2 with dapps to launch. This has served it well and it now sits at 4th place with 5% of the L2 marketshare. (7th place if you dont feel so good about counting LRC in TVL)

https://preview.redd.it/4c2gib3lxqu81.png?2022&format=png&auto=webp&s=70b295a771e98869cdf17d0069e5f0d4994d1fcf

This is a hugely powerful position to be in as the market realises Ethereum fees are too high. (almost nobody has realised this yet).

Tokens

Arbitrum and Optimism are still yet to launch tokens and start proving liquidity mining incentives. They are so far behind Loopring on this because LRC already blew its load and launched a token. Why bother waiting for Arbi and Opt token when you can just investing in what exists today.

influencers

Many have pointed this fact about before but, did you know vitalik has mentioned Loopring in 2020? Thats HUGE!

Partnerships

So you've all heard that loopring has partnered with a physical gaming store company which has never touch web3 in its existence. But have you considered the possibility that they might do gaming NFTs? Im quite certain people have not thought about this yet. Game stop is one of the biggest names in gaming, it was only 13 years ago when i last dropped in to pick up Call of Duty: Modern Warfare 2 on launch day.

conclusion

3 words.. Zero knowledge proof... yes this post proves my zero knowledge about investing/L2s/whats happening in the ecosystem

submitted by /u/Oxygenjacket
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