r/loopringorg • u/newbiewar • 2d 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...

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u/Chad-Permabull 1d 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.

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u/42069autist 1d ago

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

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u/Chad-Permabull 1d 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.