All crypto is way down... pretty much across all tokens.
Obviously there is opportunity to look at your unrealized losses and be pessimistic. Some say that everything will rebound, so buy the dip. But wouldn't it be better to invest on something other than faith in the rebound alone?
LRC is back right to where it was before the hype train came when redditors figured out their connection to the major video game retailer (we'll call it mvgr, since I don't even know if I can reference its name on this sub). So is this opportunity, or just proof that the whole thing was a p&d?
There is credible clues shared by IMX founder Robbie Ferguson that mvgr is launching their marketplace by or before the end of July (the clues being multiple podcasts where he has given this timeline), and a primary marketplace that is launching before this [sometime... best guess is June], currently called 'Alpha'.
I can't help but think that the unveiling of Loopring's participation in this product launch is going to be an extremely bullish event for their token LRC. It came out recently that the marketplace would be using and burning LRC and ETH *only* for all product transactions.
My opinion is that this is an event that will actually break the trend of whatever the rest of the crypto market will be doing, and we'll see some major green candles for LRC, and likely ETH as well.
Food for thought. Seems like a good opportunity where there don't appear to be many for the crypto market right now
*Not financial advice. Invest at your own discretion*
