Revisiting the case for the sub's old favourite LRC : Have the stars finally aligned for Loopring?

As someone looking out for coins with potential outside the top 20 market cap, LRC has been on my radar but its only recently where I feel it might be starting to take off.

On the 24h chart LRC is up 10%, bucking a trend in the sea of red we've seen since the SEC's decision. Here are my main arguments for LRC:

1. The ZK rollup trend

I think the ZK trend could very well be the next trend to blow up for the crypto space after the AI trend.

Looking at the 24h chart for some of the top ZK coins:

LRC : +10%

Dusk: + 8%

MINA: + 22%

IMX: + 10%

That's not to say we are 'late' since this seems to be a start of a pump for ZK coins. We've seen AI coins like FET, AGIX, OCEAN go 200-500% up on the monthly chart in January after ChatGPT blew up.

The ZK trend is getting a lot of attention this week. And when MATIC eventually implements their ZK feature, we might be able to see the trend really go into full hype mode - and all the coins in that 'category' would blow up.

Currently, MINA and LRC are the top coins in the ZK category for me. So if the trend blows, LRC will be leading the charge.

1. Multiple successful use cases

LRC is one of few the coins that have successfully implemented a number of use cases for me.

Most alts you hear of them being really good at one thing - low fees for Polygon, NFTs for Solana, staking for Cardano, DOT being a parachain and LINK being an oracle for instance.

For LRC, it has: a) ZK-rollup feature b) One of the L2cheapest gas fees, c) used for NFT marketplace, d) One of the biggest crypto communities with its GME support (alongside Doge/ADA)

Its rare that we see a coin that has successfully implemented multiple features, and doing it relatively well

1. Growth potential with market cap and tokenomics

At time of writing, its market cap rank sits at 77 which really is relatively low for its potential and use cases (imo).

But what I'm bullish on is also the tokenomics - the fully diluted cap is 576m, while circulating market cap is 558m. What does this mean? This means that 97% of the circulation are already in supply and there are no DEVS or VC ready to dump their supply on YOU, the investors - on every single pump.

So in essence the tokenomics allow the coin to grow organically, without dumps and manipulations from the whales. We've seen how centralisation of tokenomics present a huge issue even in a lot of the top altcoins out there, and LRC does not have this problem.

So what do you guys think about LRC? Maybe some of you may think its overhyped, or you might even agree with some of my points. Regardless, would love to hear a discussion of views - do leave your comments below!