Loopring is looking to provide a low cost way to interact with the Ethereum network.
"The Loopring project adds a layer 2 upgrade. Simply put, it decongests the main chain by moving all the processing to another layer. It unlocks blistering speeds by using ZK Rollups that allow transactions to be verified without accessing the attached personal data. The Loopring protocol also incorporates ‘near-instant finality’, making transactions unalterable, tamper-proof, and irreversible when the validation is complete. This improves the throughput of the entire blockchain. The protocol is also a ‘blockchain agnostic’ open protocol (as termed by the developers in their whitepaper). This means it is not limited to Ethereum and can be deployed on top of any blockchain at no cost for enhanced functionality."
Current Price - $1.11 with an aim to buy below $1.20 and hold for mid term (6 months+). Exit strategy aiming for a 100% profit exit or better in times of volatility.
LRC is currently on a downtrend alongside a lot of other cryptos, however has seen prices higher than $3 in the past. They are heavily rumoured to be closely working with Gamestop who are building an NFT marketplace which could potentially dethrone Opensea if they only capture a small percentage of their current user base. Combined with using LRC to massively decrease the price of interaction with the marketplace I believe this coin could see a resurgence in the coming months and the current falling prices are an ideal entry point.