Loopring Price Prediction: Can LRC Be a Game Changing Coin?

What maximum value can LRC achieve in the future? Our Loopring price prediction explains why this coin can be profitable in the long run. 

Loopring’s price is currently trading sideways. The global cryptocurrency market is now defined by losses, affecting even the staunchest projects. Loopring has experienced significant volatility from 2021 and has confused traders and investors about whether to invest in it. However, you can clear your investment doubts and get a clear idea about Loopring’s future price from our Loopring price prediction.

Loopring (LRC): A Quick Overview

Loopring is nothing but a decentralized exchange available to everyone. In simple words, it is an open-source, vetted, and non-custodial exchange mechanism that utilizes zero-knowledge proofs (ZKPs) compatible with the Ethereum network. As it is a non-custodial exchange, users have complete control over the private keys in order to keep the crypto and funds secured.

Loopring is said to be an emerging protocol in the DeFi ecosystem as it utilizes multiple virtual currencies, including LRC, its own native utility token. The main motive of the protocol is to encourage a global network of users to operate a platform that is known to accelerate the development and production of new forms of crypto-asset exchanges.

Loopring protocol was founded and developed by a software engineer and entrepreneur named Daniel Wang. Wang is the current CEO of the foundation. Let’s take a look at Loopring’s current details to get clarity on our Loopring price prediction.

Loopring: Features And Utilities

Loopring provides faster settlement for traders with the use of zero-knowledge rollups. Zero-knowledge design is a Layer 2 scalability solution that facilitates blockchains to authenticate transactions faster while keeping gas prices low. The Loopring platform enables exchanges to avoid the poor speeds and high costs associated with decentralized exchanges on Ethereum. This feature will help traders to compare prices for their digital assets.

Furthermore, the zero-knowledge mechanism helps to execute complex computations elsewhere instead of directly running them on the Ethereum blockchain. Thus, it helps to lower the transaction fees and benefits traders. On the other hand, Loopring executes transactions in milliseconds, while other decentralized cryptocurrency exchanges require transactions to be confirmed on the Ethereum (ETH) network in minutes rather than seconds or milliseconds. Additionally, the Loopring and Gamestop partnership is much awaited, and it is expected that this collaboration will have a great impact on Loopring’s price.

Loopring token is also a stackable that complies with ERC 20. There are three different ways through which one can stake their Loopring tokens.

Loopring Price Prediction: Price History And Technical Analysis

To better clarify Loopring price prediction, this coin’s price history is essential to know. However, price history does not indicate its future prices, but we can get assured about Loopring’s past potential.

Loopring started trading at the end of 2017. At that time, the price was trading near $0.04 but quickly jumped and reached $0.27 by December 2017. 

By 2018, LRC increased rapidly and reached a price of $1.47, which was the all-time high for the next three years. Loopring’s price fell a few months later, trading at around $0.09. In 2019 the average trading price dropped more and traded near $0.06, and in 2020, LRC was trading at $0.03. In 2021, Loopring’s price increased slightly and eventually gained momentum at $0.80. By the end of the year, LRC reached its all-time high of $3.32. In 2022, the price of Loopring declined because of the crypto market crash.

Loopring is currently trading near $0.482 with a market cap of $641,305,982. LRC is ranked 72 in terms of market capitalization. The Bollinger Band’s upper limit is $0.67, which is a strong resistance level according to our Loopring price prediction. Consequently, the Bollinger Band’s lower limit is $0.2, a crucial support in the price chart. According to our Loopring price prediction, if the support level breaks, then the price can drop further to $0.08. RSI and MACD indicate a bullish momentum for Loopring, and we can see a resistance breakout soon, and it will trade above $0.8.

By 2022, LRC price can reach a maximum level of $0.60 with an average price of $0.52. By analyzing Loopring price prediction and indicators, LRC’s price is predicted to be at least $1.60 in 2025. By 2030, Loopring will skyrocket, and it can touch the $10 mark if the market is favourable.

Loopring Price Prediction: By Industry Influencers

According to Wallet Investor’s Loopring price prediction, LRC will increase in the next five years. According to them, LRC could end in 2023 at a price of $0.84. As of 2025, the estimated price for Loopring is around $2.98; by the end of 2027, the coin might increase further and reach $4.51.

Trading Beast’s Loopring price prediction says that the Loopring price will increase. Now the Loopring price is $0.4824500, but by the end of 2023, the average Loopring price is expected to be $0.5362838.

Is LRC A Good Investment? When Should You Hop In?

Looking at the previous potential and its fundamentals, it can prove to be the game-changing coin in the market. According to our Loopring price prediction, you can invest in LRC at a price of $0.3 for a stable return.

Conclusion

The market sentiment and community for the LRC token are bullish. The platform is executing all the possible things to sustain its price rally even during bearish trends in crypto trading. According to our Loopring price prediction, LRC token is bound to beat market volatility and make significant gains in the next five to ten years. Our Loopring price prediction says this coin should recover gradually in the coming years. However, you should research before investing in high cryptocurrency market volatility, which can derail Loopring’s trend.