Cryptocurrency Price Prediction

Loopring (LRC) Price Prediction 2023 – 2025: Will LRC Price Skyrocket To $1?

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Story Highlights
  • LRC could possibly reach as high as $0.266, by the end of 2023.

  • Loopring with a potential surge could go as high as $2.561 by the end of 2030.

The crypto verse has seen dramatic publicity over the past two years with a swift move. The perpetual evolution of the space had roused the launch of Loopring. The platform intends to resolve the glitches with regard to centralized and decentralized exchanges.

The core goal of the ecosystem has been to ensure quick, secure, and highly transparent solutions. The platform enables high-throughput, cost-effective payments, and trading on Ethereum. It also expects to increase the competence in building hybrid solutions by eliminating inefficacies. 

Planning to bag some LRC, at the lows, but uncertain of its future prospects? Worry not, as we decode the plausible LRC price prediction for 2023 and beyond!

Overview

CryptocurrencyLoopring.
TokenLRC. 
Price$0.3709.
Market Cap$493,479,968
Trading Volume$65,312,104
Circulating Supply1.33B LRC.
All-time high$3.83 on November 10th, 2021.
All-time low$0.01986 on December 18th, 2019.

*The statistics are from press time.

Loopring (LRC) Price Prediction 2023 – 2030

LRC Price Prediction

LRC Price Prediction 2023

Loopring would hit new milestones in the NFTs space in 2023. The forthcoming year could be splendid for Loopring if bulls significantly underpin the market trend for a specific period of time. Later the protocol may surpass $0.266 by the end of the year. 

Followed by much-awaited collaborations like Gamestop would open the doors for larger expansion. In case, if an anticipated collaboration remains a rumour, then the LRC price would flip well below $0.186. With average buying and selling pressures, the price would claim a regular price of $0.226. 

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20230.1860.2260.266

LRC Price Forecast 2024

According to Into The Block, the holding concentration of Loopring sees a tug of war between whales and investors. Whilst whales hold 43.69% of the tokens, investors are not far behind, with a share of 41.96%. That being said, retailers hold a smaller pie of 14.35%. Successively, the foray of big-money marketers could push LRC to its potential high of $0.412.

Conversely, the lower average time held of Loopring being just 7.4 months, makes it comparatively volatile. Wherefore, LRC could take a plunge to $0.359 in case of a bear run. Contrarily, the regular price could find its base at $0.384. 

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20240.3590.3840.412

Loopring Price Prediction 2025

This expeditious and stable platform has the potential to reach $0.606, by the end of the next three years. On the contrary, the price would plummet to $0.524 in case of a bearish trap.

However, the protocol would end up trading at $0.565, by the end of 2025. If the digital asset stays remote from any external influencing factors.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20250.5240.5650.606

Loopring Price Prediction 2026 – 2030

Price PredictionPotential Low ($)Average Price ($)Potential High ($)
20260.6950.7340.783
20270.9350.9580.978
20281.2741.4151.566
20291.6211.7761.954
20301.9792.3362.561

What Does The Market Say?

 202320242025
Wallet Investor$0.0190$0.0254$0.0177
DigitalCoinPrice$0.23$0.46$0.68
Trading Beasts$0.267$0.311$0.382

What Is Loopring (LRC)?

Loopring is a zkRollup (built for layer 2 solutions) layer 2 scaling protocol. It is an open protocol built for the integration of decentralized crypto exchanges. The platform’s motive is to enable high-throughput, cost-efficient payment and trading on the Ethereum blockchain.  

The platform has its own native token called “LRC” which was launched in August 2017. The protocol could be utilized to pay fees on Loopring L2. In addition, the platform possesses its own wallet with layer 2 scaling. To enable a safe, intuitive, and effective Ethereum experience in your pocket. 

The central idea behind the platform is to merge elements of decentralized and centralized crypto exchanges. In order to produce a token that will enable the distinct benefits by eliminating the existing inefficiencies. Through supervising sell and buy orders in a centralized way yet fixing the trades on a blockchain. And merging up to 16 orders into circular trades in contrast to enabling one versus one trading pairs. 

Company Details

loopring

  • Scaling Solution
  • Payment solution

Loopring is a zkRollup (built for layer 2 solutions) layer 2 scaling protocol. It is an open protocol built for the integration of decentralized crypto exchanges. The platform’s motive is to enable high-throughput, cost-efficient payment and trading on the Ethereum blockchain. The Loopring foundation was founded by Daniel Wang. The Loopring network was deployed on the Ethereum network in December of 2019.   The central idea behind the platform is to merge elements of decentralized and centralized crypto exchanges. This is in order to produce a token that will enable distinct benefits by eliminating the existing inefficiencies. through supervising sell and buy orders in a centralized way yet fixing the trades on a blockchain. and merging up to 16 orders into circular trades in contrast to enabling one-versus-one trading pairs.   The platform has its own native token called "LRC," which was launched with an ICO in August 2017. The digital asset can be utilized to pay fees on Loopring L2. In addition, the platform possesses its own wallet with layer 2 scaling. to enable a safe, intuitive, and effective Ethereum experience in your pocket.

Fundamental Analysis

The Loopring foundation was founded by Daniel Loopring, who is presently the CEO, of the firm. The founder is a software engineer and a known businessman in Shanghai, China. Mr Wang has completed his graduation in computer science from the University of Science and Technology of China. Further, he accomplished his master’s from Arizona State University. 

Prior to the launch of Loopring, Daniel Wang gathered knowledge in multiple managerial and chief executive positions in reputed tech firms. He was also a chief software engineer at Boston Scientific. In addition, he held the position of senior director of engineering at JD.com, a Chinese e-commerce giant. He had also served as a senior engineer at Google. 

Moreover, he has also co-founded tech firms such as Yunrang Information Technology and Coinport Technology Ltd, a leading cryptocurrency service firm. Then, he shifted his focus to the release of Loopring v1 in December of 2017. Moving forward, the platform conducted its debut LRN airdrop in July 2018. After the success of the first event, the platform conducted the LRN airdrop worth 1.5 million in September 2018.

CoinPedia’s LRC Price Prediction

Loopring is one of the young and promising tokens designed to develop crypto exchanges. This technological revolution would benefit the token in the coming years. According to CoinPedia’s formulated Loopring price prediction. It may smash $0.266 by the end of 2023, provided it collaborates with new gaming firms.

On the downside, market fluctuations, regulatory compliance, and failure of collaborations or integrations can be major setbacks for the altcoin. Therefore, Loopring’s price may struggle to consolidate around $0.186 by the year-end. Considering all viewpoints, the average price of the Loopring would be around $0.226 by the end of 2023.

Historic Market Sentiments 2018 – 2021

  • The growth of the asset during its nascent stage of the launch was phenomenal. The price had surged from $0.1765 to an ATH of $1.9 on October 1st. However, failing to sustain at the levels, the LRC price underwent a heavy correction almost to its initial levels of $0.17. 
  • Though the platform had conducted a series of airdrop events in 2019 and 2020, the LRC price failed to gain traction. 
  • The price awfully hovered between $0.05 to $0.075 for the two prolonged years.
  • Seeking impetus from the burgeoning high gas fees of Ethereum, the LRC price almost soared by 700% to $0.8235. The Chinese market crash on May 19th led to a steady decline in the price.
  • The speculation of Gamestop’s collaboration with Loopring led to a parabolic move from $0.458 to its ATH of $3.83. Adverse market sentiments occurring from the US Feds’ decision to taper the interest rate led to the annual closure at $2.09.

FAQs

Is Loopring a good investment?

Yes, if you are planning for the long term, Loopring looks promising considering its vision to expand into a gaming firm.

Is Loopring worth buying in 2023?

Loopring has the potential to be a profitable short-term investment. As gaming and NFTs space has been taking up another step to revolutionize the gaming sector.

How high will the price of LRC reach by the end of 2023?

The price of LRC could possibly reach as high as $0.266, by the end of 2023.

What can be the maximum trading value of LRC, by the end of the next three years?

The altcoin could surge to its potential high of $0.606, by the end of 2025. With a potential surge the price may go as high as $2.561 by the end of 2030.

Where can I trade Loopring?

Loopring can be traded on various exchanges like Binance, Bybit, OKEx, and Huobi, amongst others.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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