Methodology:
Coin Bureau "These Coins Are DEAD!! Knowing When To Sell!! 📉" https://youtu.be/mMLTQJ-VVE4
I'll be doing this with coins for my own learning, so if you enjoy this read and want me to post more let me know!
Price Analysis:
The price fluctuates with the DeFi market, outperforming the Defi Index (DEFIPERP, FTX) significantly during from Jan 2020 to Nov 2021.
- The price significantly rose after rumors of a GME partnership, however, this has not yet materialized resulting in the price to underperform the Defi Index and underperformon positive news around fundamentals (i.e. wallet release, large amount of traded volume, etc…)
- The below graph outlines some news articles and previous project milestones (note: this is nowhere near exhaustive):
https://preview.redd.it/xr09fpvgqmo81.png?width=2642&format=png&auto=webp&s=272f233de91423f101887e54d8b2d653a31c3f06
Runway:
- Two funding rounds (2017 & 2018) raised 45 Million from a total of 10 investors. No post-ICO funding has been provided.
- As per the vesting schedule tokens are locked for two years after ICO (were locked until Aug 2019) and then were released monthly over a two month period (i.e. until Aug 2021). Note that allocation to investors had no lockup.
Ongoing Development:
- Although there is no clear roadmap with definitive dates for 2022 the following development items are highlighted for a 2022 release:
- Continuing to invest resource into the NFT space including Counterfactual NFT's
- Loopring HQ releasing in Decentraland
- More direct bridges to LRC (easier to move funds in and out)
- Multi-layered wallet
- Loopring DAO
- https://github.com/Loopring/ is active
- Developers are active
Community:
- Google trends for "Loopring" worldwide over the last 12 months is showing steadily decreased interest since the GME partnership rumor
https://preview.redd.it/ks1uf1gzqmo81.png?width=2583&format=png&auto=webp&s=a6d7bc145c0889c980278598658755f5f2bba8d7
- Loopring has an active community:
- Discord: >20,000 Members [exact number not stated]
- Reddit: 98.2K Members
- Twitter: 186.5 K Followers
Large proportion of the community was brought in during the GME rumor and this is reflected in the posts and conversaiton
Tokenomics:
- Deflationary programmatic burn with a capped supply.
- Max supply is 1.37 Billion and 97% of this is circulating
Overall (disclaimer: this is my analysis of the above information)
- This is a solid project in relation to L2 solutions.
- The transition into the NFT space is in line with the original product niesh (i.e. offering low cost solutions to L1's)
- The GME announcement significantly skewed the crypto price with zero fundamentals backing it up. This in turn overshadowed fundamental improvements to the project in later days.
Edit: Formatting
