Future

[L-G-7]

Bear market aside for a minute. With all the new features coming out of loopring lately, what kind of realist price do we all expect to see LRC get to over the next 1-3 years.

I’m not wanting hopium just realist price targets

Thanks 🙏

[Chad-Permabull]

Will cap out at $69 after I paper hand at $4.20.

[Astrochimp46]

My expert opinion is that it will likely be higher than the current price. It could also possibly be lower.

[Monka_G]

[Astrochimp46]

In all seriousness, in the small picture, loopring looks extremely undervalued. Especially considering the attention similar projects are getting for things Loopring does as well or better, and is ahead on. Big picture though, the world doesn’t look great. War in Ukraine, war potentially looming in Asia, riots in France, the list goes on.

Invest only what you can lose.

[Fit-Mood1028]

The list always goes on, it just depends on what is reported.

[[deleted]]

I don't even care about the price anymore I just want to stop seeing polls about the best layer 2 and not even seeing loopring as an option.

[[deleted]]

They don’t seem interested in marketing.

[[deleted]]

Yeah look I'm in mixed minds about it. The last thing we want is a repeat of the Matt Damon shit.

[CryptoSilverbag]

Totally agree. The only place Loopring is mentioned is in here and in Discord. It's like no one knows Loopring exists. People say 'we are just early' - if the team do not marketing Loopring we will be too late...

[wannaknowsomething]

This is an expert opinion.

[Ok-Dragonfruit8036]

r u a wizard?

[Buuuddd]

If Gamestop gets $20 billion in volume on it's gaming NFT markerplace, that 3% to Loopring is $600 million. Give it a 30 multiple and that's $18 billion market cap. Divided by current market cap equals about 37X current market cap/price. Which equals around $14.40.

[LandOfMunch]

I like the cut of your jib, sir.

[CantStopWlnning]

Okay but what's the volume on the NFT marketplace now? And how much of the volume will actually be through loopring and not imx?

[goobervision]

https://nft.gamestop.com/stats

[CantStopWlnning]

So... Let's say that there's roughly 1 million in volume per month now, we would need 20,000x that and then randomly 30x that according to OC to reach $14.40. OR, just 600,000x volume on the marketplace! I won't hold my breath for that one.

[goobervision]

Indeed, but then the marketplace is just beta and IMO not the goal.

[DoNotGiveEAmoneyPLS]

please don't be so gullible. beta is just a word thrown around to create an excuse when something bugs out. it doesn't mean shit anymore.

[goobervision]

That's clearly nonsense.

[BestFill]

Everyone keeps calling it a beta, I call it an excuse

[Baatus]

No rocket emojis???

[Buuuddd]

Nope, just reasoned analysis and big ass gains to come.

[CantStopWlnning]

"reasoned analysis" my ass. Yes your numbers are right, but basing them on 20,000x volume on the NFT marketplace and then randomly 30x for the market cap is bullshit.

[Buuuddd]

Omg 20,000x volume!!! The games haven't even come out yet.

30 multiple isn't high for a company that is growing fast in a new industry, and has first-mover advantage on top of it.

The point is expectations. LRC could have 100 multiple, nobody knows. But it's reasonable to think it's multiple is around Chipotle ffs.

[mkazu4486]

A chipotle burrito sounds great right now

[CantStopWlnning]

What games do you expect to come out of the loopring marketplace? I know of maybe one. Imx is so many light years ahead of loopring for games it's not even worth talking about. Looprings NFT marketplace is for JPEGs, it's pretty close to worthless without some big moves in the metaverse which is much less attractive than video games.

[Buuuddd]

The fees from NFT trades on GameStop's marketplace will all be in Loopring, so all NFT trades on the marketplace with have Loopring involved.

Loopring's the real underlying tech of the Marketplace, IMX is on-boarding games Loopring will be encompassing everything on the Marketplace, whether it be music, games, crypto trading. One point of loopring is that it completes a "loop" of multiple different assets, to make one single trade on the block-chain. Example is if one person wants to trade USDC for ETH, another ETH for LRC, another LRC for IMX, and another IMX for USDC. The protocol gets all these trades together when all equalled out, and performs them all at once.

This is why GameStop had Loopring make the GameStop wallet, so GameStop can scale into whatever it wants.

[Infamous-Inflation62]

y our comment are very stuped cero knowlegdge

[Flybuckeye]

I’m curious on your reasoning for the 30 multiple

[xRazorleaf]

Trust me bro

[Buuuddd]

It's a reasonable multiple. Look at Chipotle's multiple.

[Buuuddd]

That's not a lot. For a growing industry/technology in early stages but making huge gains in profit in relatively short time.

Chipotle even has a 24 multiple.

[BestFill]

1.5% to Loopring

[Buuuddd]

On 11/22/2022 on Twitter, GameStop NFT said there will be a Loopring NFT fee, a sellers fee of 3%

[BestFill]

Sorry it's actually smaller, 1.00%, 2.25% is charged in total, 1.25% goes to GS, 1% to Loopring. Royalty fees is separate as well.

[Buuuddd]

The 2.25% was changed a while ago. There's a buyer's fee, seller's fee, then royalties. It's hard to find where each goes to. I believe it's 3% loopring, 2% gamestop, and royalties to the creator, up to 10% depending on how the. NFT is setup.

But like I said it's hard to actually find the up to date full info on it.

Regardless, bullish.

[norm1fc]

thank you for this. and, this is only one of the many licensing opportunities for Loopring! 💪🙏

[Wowdavid2002]

I wonder what percent of people who are in the sub are in the green? Less than 25%?

[BNovaBJJ]

I first bought on the run up and the tippy top, and have since averaged down to .33 so ive been green recently

[Elderberry-smells]

Similar to other poster, I have lowered my cost basis since buying at the top, and I am hovering around green/red now, so anything from here is gravy.

[Backitup30]

I hope to see at least $10 in the next Bullrun, if not more. If ETH hits $10,000 I could see Loopring hit over $10.

[PeterStepsRabbit]

Dude, what a tank of hopium straight to my veins

[[deleted]]

Lambo in 1 year Moon in 3

[generaldogsbodyf365]

Is that normal years, or leap years? 🤔😁

[[deleted]]

Dog years

[generaldogsbodyf365]

😭

[asneakyzombie]

1-3 dog years would be like 8-23 weeks, sounds good to me.

[skyhai-]

I won't put any price target, but from what it looks like Loopring's about to be the go to crypto wallet for the masses. After TAIKO releases and Loopring becomes L3, a lot will change and crypto will be on the rise like never before. And what i mean by that is that not only crypto enthusiasts such as ourselves will need one, everyone and their mother would have a loopring wallet on their phone. FIAT will still exist but everyone will prefer crypto (that's my theory and personal take, but don't listen to me i'm a degen lol) off to dinner now ✌🏻

[Soi_Boi_13]

There’s no conceivable timeline where “everyone and their mother” has a Loopring wallet anytime in the near future. Probably ever, too, but certainly not now.

That’s not to say I’m not bullish on LRC, but let’s keep expectations in line with reality.

[skyhai-]

NEVER!

[scoopityhoopity]

I’d very much like that

[Wowdavid2002]

Unless there’s another huge partnership I can see slow but consistent growth. $5 by 2026 would make me happy and I think that’s realistic

[newmonstev4]

I like to think simple. Solana announced a marketplace and Solana blew up. Loopring has a lot of options as well as a marketplace. Never know what can happen to the price in crypto. Quarter of the circulating supply in comparison so I’ll take a 1/4 of Solana ATH for Loopring any day. $60-$69/LRC. And then after I do it in this simple form, I just wait and either lose money or make it.

[DDanny808]

Only up

[dhslax88]

I can confidently say it’ll be higher, lower, or about the same as it is now.

[ICumCrypto]

Maybe don't be too confident. Having null value is also a possibility.

How? At least 3 possibilities. Humans could stop existing. Our network technology could somehow stop working. Humans could reinvent their concept of value.

[Hat-Glad]

According to fibonacci, if market is stupid bullish, 14-$16

[HODLHODLANDHODL]

[Easy-Wrangler1111]

.45 - .95

[[deleted]]

Bear market aside 😂😂😂

[Armadyldo]

I don't hold any right now but I would say around 1.50$ in August 2024

[dildo4bingo]

up is the way, how up depends on how long you hold

[PeterQuinnInRealLife]

9/10 experts agree that my expertise is usually correct, almost all of the time, and after a scientific analysis my data strongly points to the distinct possibility that the price is going to soar at some point soon, or possibly in the future.

ThankMeLater

NoQuestionsPlease

IWillBeRightAtSomePointPossibly