People may have noticed a price increase in Loopring (LRC), this is likely at least in part due to the fact that there are some airdrops coming up starting May.
Keep Loopring on your radar as the airdrops get closer. In general with crypto the further away from the event you invest in a crypto the better. As it is common for crypto prices to inflate before events and then decline sharply after.
With that said, Loopring has more than one airdrop coming up, so that sort of offers a potential buffer.
Point being, be aware of the Loopring airdrops and be aware of the tendency to buy the rumor and sell the news/event in crypto.
Learn more about the Loopring Airdrops.
NOTE: We first published our Loopring Airdrop article on the 21st. There has been a price increase since then. The closer we get to each airdrop date, the more careful you’ll likely want to be.