The post Loopring Price Prediction 2023, 2024, 2025: Will LRC Price Hit New Yearly High Soon? appeared first on Coinpedia Fintech News

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 possible LRC price prediction for 2023 and the years to come!

Overview

CryptocurrencyLoopringTokenLRCPrice $ 0.22180823 -1.10% Market cap $ 295,375,887.0144Circulating Supply 1,331,672,349.1081Trading Volume  $ 30,130,459.5018All-time high $3.83 on 10th November 2021All-time low $0.0198 on 18th December 201924 High $ 0.230724 Low $ 0.2202

*The statistics are from press time.

LRC Price Prediction November 2023

Following the massive price volatility, Loopring price has been trading in a ascending channel since the start of November. Bulls are constantly gaining momentum, resulting in LRC gaining value.

The RSI averages are constantly trading above the mid-point for over one week now indicating a strong buying and selling power. Further, the averages have showed a bearish, following which the price has experienced a minor correction.

TradingView: LRC/USDT

If the bulls manage to gain power and cross the $0.2344 mark, then the coin will experience a bullish moment and the coin will prepare to test its resistance of $0.2450 soon. Further, if the bulls hold the price above that level then the price will test its upper resistance level of $0.250 in the coming days.

On the contrary, if the bears continue to dominate the market, the LRC price will continue to trade in the descending channel and fall to test its support level at $0.2109. Moreover, if the market fails to hold the price, the price will prepare itself to test the crucial support of $0.1956 soon.

Loopring Price Prediction 2023

The coin has been constantly trading in a descending wedge since February. The bulls are constantly failing to gain momentum resulting in the price to lose its value. The price had leveled all its gains in October from the massive surge the industry had experienced during the start of the year. Following this, the market gained momentum and the price surged.

The RSI has been trading below the mid-point since April, indicating a weak buying and selling power. The average recently showed a massive spike in its chart, suggesting a strong bullish influence in the market. Further, the RSI has breached the overbought range, suggesting the price to continue gaining value in the coming days.

TradingView: LRC/USDT

Loopring price 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 $0.34 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 rumor, then the LRC price would flip well below $0.12. With average buying and selling pressures, the price would claim a regular price of $0.23.

LRC Price Prediction 2023 – 2030

Price PredictionPotential Low ($)Average Price ($)Potential High ($)20230.120.230.3420240.310.400.5720250.490.610.7320260.690.830.9720270.921.071.2320281.131.281.4420291.311.481.6520301.481.691.89

LRC Price Forecast 2024

Growing developmental and community building initiatives, alongside thriving adoption, the foray of big-money marketers could push Loopring price to its potential high. This could turn imperative for Loopring. As a result LRC’s price could chug up towards its maximum price tag of of $0.57.

Conversely, the lower average time held of Loopring being just 7.4 months, makes it comparatively volatile. Wherefore, LRC could take a plunge to $0.31 in case of a bear run. Contrarily, the regular price could find its base at $0.40. 

Loopring Price Prediction 2025

This expeditious and stable platform has the potential to reach $0.73, by the end of the next three years. On the contrary, the price would plummet to $0.49 in case of a bearish trap.

However, the protocol would end up trading at $0.61, by the end of 2025. If the digital asset stays remote from any external influencing factors.

Loopring Price Prediction 2026

According to our analysts, LRC coin price prediction for the year 2026 could range between $0.69 to $0.97 and the average price of Loopring could be around $0.83.

Loopring Price Prediction 2027

According to our analysts, Loopring price for the year 2027 could range between $0.92 to $1.23 and the average price of LRC could be around $1.07.

Loopring Price Prediction 2028

According to our analysts, LRC crypto prediction for the year 2028 could range between $1.13 to $1.44 and the average Loopring coin price could be around $1.28.

Loopring Price Prediction 2029

According to our analysts, Loopring’s forecast for the year 2029 could range between $1.31 to $1.65 and the average LRC coin price could be around $1.48.

Loopring Price Prediction 2030

According to our analysts, LRC predictions for the year 2030 could range between $1.48 to $1.89 and the average Loopring price could be around $1.69.

What Does The Market Say?

Firm Name202320242025Wallet Investor$0.384$0.0210$0.0194priceprediction.net$0.25$0.35$0.52DigitalCoinPrice$0.34$0.42$0.62

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

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 $0.34 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 $0.12 by the year-end. Considering all viewpoints, the average price of the Loopring would be around $0.23 by the end of 2023.

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.

What Is Loopring?

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. 

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 Loopring 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 price 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.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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Filed under: Bitcoin - @ November 7, 2023 12:25 pm