/biz/ - Business & Finance

Shill me this project /biz

Why are you using shitty Layer 1 chains with next to zero users to try to avoid gas instead of ETH layer 2?

https://exchange.loopring.io/swap

I moved some ETH/DPI/DAI up to loopring a few weeks ago to farm/trade. Was able to easily buy the dip on ETH with no gas fees. I don't get why people think shitty layer 1's with no security have a chance of being a "side bitch" for ETH.

People in the ETH community are now beginning to heavily push for an exchange to allow people to withdraw to layer 2. The only available and ready thing is Loopring.If you aren't stacking this now, you aren't going to make it. The dex wars are far from over.

Should I add a bag of this? It seems like a lot of layer 2 chains are popping off right now. MATIC/Polygon, xDai, etc. This seems to be primed to pump. Recently got added to bitwise's index fund.
https://www.theblockcrypto.com/post/95129/bitwise-defi-fund-accredited-investors
Bullish?

>>28938502
Loopring fixes this, along with MATIC. People will opt for ETH sidechains before using other bullshit. People don't realize it yet but you can do everything on loopring that you would want to do on a shitty layer 1 chain, plus it has the security of ETH.

Anyone else been using this to trade? I've been making a decent amount swing trading eth with usdt and loopring vs eth. It costs a little bit of eth to get on it but it saves a lot of money in the long run.

Imagine not investing in scaling solutions during a time like this. Loopring and Matic/Polygon are going to absolutely massive for the rest of this year. Bull or bear, these cryptos will moon. The gas is just way too expensive for the average user. There is more and more effort to onboard people to roll ups and sidechains now as well.

If you aren't buying layer 2 solutions right now you are retarded. With the ETH gas fees, Loopring and Matic are going to multi billion dollar marketcaps.

It is much easier for users to just migrate to a layer 2 solution (sidechain or rollup) than it is to move to a whole new ecosystem like DOT or COSMOS.

Anyone else using loopring? I've been leaving all my ETH/USDC on here and trading it there rather than using UNI cause of the gas fees. Just feel like it needs some more coins.

>insane gas prices
>normies getting back intro crypto
>one of the cheapest coins on coinbase that isn't shit
>new tokenomics and growing TVL is bullish as fuck

This is the only solution to high gas fees for swaps on ETH. Optimistic roll up won't be here for a while for UNI, and when it comes it will likely be a UX nightmare (that is the reason it is taking so long).

Worst case scenario, this coin does a 5x in a month. Best case scenario, at the tail end of that WSB normies see "coin go up" on coinbase and FOMO in giving you a 20x. I am all in on this other than my link suicide stack.

>>27131894
Just use loopring. it doesn't cost much to move to layer 2. Costs about .25% of what you are sending per tx. With small amounts that you are using, loopring is the only way.

>one of the cheapest coins on coinbase
>gas fees becoming a huge problem for ETH
>more and more people wanting to get into DeFi

Loopring could go to $15 potentially.

Why are you not loading up to the brim on loopring right now? Normies are ditching robinhood, they are going to use crypto and defi, where trades can't be stopped if they make money.

Loopring is essential because if we have a large amount of normies getting into crypto the ETH network will not be affordable for most users. Therefore, many trades will move to loopring. It has a mid sized market cap, and the price is low.

Also it is listed on coinbase, where it can be pumped a ton by normies, and the lower price is attractive to them. Wouldn't be surprised if this shit hits $5 end of week.

Why are you not loading up to the brim on loopring right now? Normies are ditching robinhood, they are going to use crypto and defi, where trades can't be stopped if they make money.

Loopring is essential because if we have a large amount of normies getting into crypto the ETH network will not be affordable for most users. Therefore, many trades will move to loopring. It has a mid sized market cap, and the price is low.

Also it is listed on coinbase, where it can be pumped a ton by normies, and the lower price is attractive to them. Wouldn't be surprised if this shit hits $5 end of week.

>>25905586
u think thats bad? I aped into pic related at .5 someone tell me it'll be okay

FUCK

Guys, if you aren't buying this after seeing todays spike in gas, you are really fucking dumb.

The good news is, this market is even more retarded than you are. Since all other alts dumped, you get to buy Loopring cheap, despite the fact we now have more evidence that Layer 2 solutions are needed ASAP.

>>25620802
BTC, ETH, XLM and most importantly, LRC (looplink) because it can 10x this year

Redpill me on this shitcoin

Parabolic short-term gains are imminent.

>ETH bullrun has barely started
>Already costs $2 for simple token transfer

You do know Layer 2 is the future right? Loopring is rolling out Layer 2 AMM with liquidity mining coming soon. People aren't going to be willing to use UNI when gas fee is $9 for simple token transfer... We are almost there. Getting from $2 for simple tx, to $9 isn't a 4x in tx per day, its like maybe a 15%-20% increase will get us there. This would put your average UNI fee at around $100.

This is not only essential for a lot of traders, it will be essential for ETH to survive as an ecosystem. Even Vitalik thinks so.

Remember, all layer 2's mooned towards the end of last altrun when gas prices went up. ETH activity barely went down since then, just enough to let prices fall, but it will be high af in possibly two days. Think UNI airdrop levels again.

Don't miss out on Loopring, its literally the best L2 solution.

OMG is pure dog shit, optimism is actually more expensive, and is nowhere near done.

This is about to moon so hard.
>New staking system
>AMM on L2
>ETH bullrun/alt season will make it so no layer 1 dex can be used other than whales

Why are you not all in on this?
>All signs beginning to show a possible multi-year bullrun for ETH
>No sharding in sight
>Vitalik's main plan is to now scale Ethereum with roll-ups, and ZK rollups will be at the center of that
>Vitalik himself has stated that the vast majority of users on ETH 2.0 will be using roll ups

Also, to top all of this off, its a low priced coin on coinbase so it has serious moon potential.