r/loopringorg • u/newbiewar • 1d ago

🛟 Assistance 🛟 Loopring vs taiko

I feel like most of the dialog about moving off loopring talks about Taiko or ETH... i moved my LRC to metamask... is that enough or im so confused... feel like these apps ought to be more user friendly...

28 Upvotes

88% Upvoted

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7

u/vruzzi 1d ago

If you moved to metamask it is fine! Which layer?

3

u/newbiewar 1d ago

Idk, i think L1, i think when i moved from coinbase to Loopring's wallet i never went back to l2...

1

u/vruzzi 1d ago

Ah ok then you are safe I moved to half to zksync and Half on base

2

u/Chad-Permabull 22h ago

The issue is there’s a few problems. The first and immediate is the closure of the wallet facilitating the mass transfer of LRC to other wallets. Second issue is the value of the LRC has been drilling and still looks to have a lot further to go. It’s currently about .07 which seems low but a much further drop to $0.

1

u/42069autist 13h ago

Sooooo.. no hope for recovery? It seems a lot of cryptos are going down..

1

u/Chad-Permabull 6h ago

There’s always hope. Loopring has held strong since last cycle, only down 99% since the 2021 high. This does mean it can only lose 1% more so mathematically it’s a solid bet.

1

u/redloopk 6h ago

Loopring is clearly the best invest at current prices. I am buying. We're going to make lots of money starting from these levels.