
Loopring (LRC) is predicted to potentially hit a price of $0.5 around the year 2025 according to multiple analyses. The coin has recently been launched on Coinbase Pro and is experiencing significant price increases. LRC's rising demand can be attributed to factors such as its speculated association with GameStop (GME). In addition, Loopring is looking into boosting user experience via a multi-network expansion.
However, the coin isn't without its challenges; it's seen a four-month low following a security breach that cost 'most secured wallets' an approximated $5 million. The digital asset also experienced a dip in value following bulk delistings from Binance. On the positive side, LRC has registered a seven-fold increase on the back of GameStop speculation.
Several upcoming projects are currently embracing Loopring, such as the GameStop NFT Marketplace powered by Loopring L2. The platform's capabilities were further showcased by the initial LRC-20 token which was successfully minted out in 9 hours.
Loopring's popularity extends to the thriving ZK-Rollup sector, despite a notable 46% decrease in value over a seven-month period. Some analysts have earmarked Loopring as one of the potential top performers in the crypto bull run.
LRC Coin News Analytics from Sun, 19 Nov 2017 16:04:59 GMT to Tue, 07 Jan 2025 08:00:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -7