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Loopring Price Prediction 2022-2031: Is LRC a Good Investment?

loopring price

Loopring Price Prediction 2022-2031

The global crypto market is currently defined by losses, affecting even the staunchest projects. The performance of Bitcoin, Ethereum, and some others shows signs of a plain continuation of bearishness in a specific range. The losses of these coins have continued to remain in a specific range. The pattern of losses in the market has remained the same as it is closing the previous value before the loss. 

Experts feel that the prospect for Loopring is an excellent long-term investment because of the enormous potential for building up the foundation for DEX applications. On 3 May 2022, LRC/USD traded in a range of $0.7534 – $1.43, indicating extreme volatility over the last 24 hours. LRC swiftly gains over 50 percent on the same day, setting a new all-time high at $1.43. Trading volume has spiked by 308 percent and totals $4.4 billion, while the total market cap trades at $1.73 billion, ranking the coin in 78th place overall.

So much has happened between the DEX applications hype and now. However, there could still be a good reason to include LRC in your investment portfolio after diligently going through the details in this Loopring Price Prediction.

Loopring GitHub suggests GameStop has bigger plans for the crypto and NFTs. A partnership is in the offing with GameStop for an NFT marketplace. Sources confirm that Loopring did the hard work to prepare for the team’s anticipated Q4 of 2021 and has pushed new code to its GitHub repository labeled “NFT feature.”

Today’s Loopring price is $0.290099 USD with a 24-hour trading volume of $27,323,501. Loopring is down 0.26% in the last 24 hours. The current CoinMarketCap ranking is #89, with a live market cap of $385,869,783. It has a circulating supply of 1,330,133,546 LRC coins and a max. supply of 1,374,513,896 LRC coins.

What is Loopring?

Loopring is just a decentralized exchange technology that is available to everybody. Loopring is a public collection of smart contracts for transactions and payments managed by an off-chain group of players.

The protocol is open-source, adaptable, and functions as a conventional basic foundation for decentralized apps (dApps) with trading capabilities. Its extensible standards allow for anonymous, trustless transactions.

Loopring

The ability to integrate multiple orders with different orders, eliminating the limits of two-token trading pairings and substantially enhancing liquidity, is significant over existing decentralized exchange protocols.

Loopring also offers a unique and powerful method to avoid front-running: the illegal effort to submit payments into a block before the primary solution provider. Loopring may be used on any blockchain that supports smart contracts.

Loopring Token Overview

ITB Widget Example

Coin NameLoopring
Coin SymbolLRC
USD Price$ 0.70
Marketcap$ 934,273,994
24h Volume$ 107,498,893
Total Supply1,373,873,440

Utility of the LRC token

The LRC token powers the Loopring decentralized exchange and smart wallet. Users are required to hold the LRC token to pay transaction fees. The platform divided the transaction fees between liquidity providers, the Loopring DAO, and insurers. The fees are distributed in percentages of 80%, 10%, and 10%, respectively. 

Loopring Wallet

Loopring wallet is a mobile ETH smart contract wallet that includes Loopring zkRollup. This wallet is the first Layer 2 scaling smart wallet software, and it puts a safe, easy, and robust Ethereum experience in your hand. Swap on the AMM, join an LP, deal on the books, invest and receive in DeFi, and make payments to anybody, wherever – all without using any gas fee and at the touch of a button.

It’s wholly self-contained yet smarter. Seed phrases and paper copies may fade away, and social restoration can take their place. This entails entrusting your wallet to people, organizations, and hardware you can trust. They assist you in recovering your possessions if you lose access to a device.

Your possessions are safe as long as more than half of your guardians are trustworthy. You may also establish daily transfer capability and add reliable addresses to a whitelist.

The developer team of Loopring has announced three major upgrades in the Loopring Wallet mobile app. As per the below tweet, the new features increase the security of the wallet in new creative ways. Here’s a summary of the new features:

Whitelist addresses

The wallet users can use this feature to add frequently used addresses in the whitelist. These addresses have the trust badge. The process of whitelisting an address takes 24 hours and requires the approval of the wallet owners and guardians.

Setting up guardians

Guardians are family and friends that the wallet owner trusts for accessing and recovering funds. Adding new guardians to the Loopring smart wallet is an easy process. On the mobile app, the wallet owner may add guardians from the Loopring network or from other networks. The process requires adding the guardian’s wallet address or scanning a QR code. 

Setting up daily quotas 

Frequent DeFi users may use this feature to set a limit on daily buying and selling orders. In addition, the daily quota forms another layer of security. It prevents hackers from transferring funds in case they access the wallet. Users may set the limit from the security page. The process requires having a new passcode and it takes 24 hours to complete the daily quota implementation.

These updates are bullish news for Loopring price predictions. The Loopring team has been working on creating NFTs and other updates in the past few months as well. Continued development is a great sign of bullish price predictions. 

Tokenomics of the LRC token

50% of the tokens were allocated for investors.  

30% of the tokens were allocated to the Loopring Foundation.

20% of the tokens were allocated to the founding team.

10% of the tokens were allocated for paying the foundation’s fees. 

There was a token burn event where 21.1 million LRC tokens were burned.

Why should you use Loopring (LRC)?

Safety

Loopring is a non-custodial, accessible, and verifiable exchange and payment system. No one from the Loopring platform has to rely on anybody else. zkRollup ensures that assets are always in the hands of the users; 100% Eth-level security is guaranteed.

SafetySource: Safezone

Scalability

Loopring enables extremely scalable decentralized exchanges and transactions by batch-processing thousands of applications off-chain, with ZKPs ensuring that they are executed correctly. Ethereum’s efficiency is no longer a hurdle.Scalability

Low prices

The Ethereum blockchain is used for the majority of Loopring’s activities, particularly trade and transfer settlement. This cuts gas fee use and total transaction costs to a fraction of what they would be on-chain.Low prices

Price history of Loopring

Based on historical data, the Loopring token LRC suffered a significant knock in 2018. Prices fell in April after reaching an all-time high of $2.19 on January 9, 2018, decreasing until 2018 and 2019.

By early 2020, the coin price had dropped to $0.0225, just under the all-time high of $0.019861 set on December 18, 2018. However, following the DEX’s Beta debut, values started to rise significantly, and the LRC coin traded for $0.087895 at the start of June 2020, up almost 300 percent during the first half of 2020.

LRC skyrockets breaking above $3 on 31 December 2021. The Loopring price analysis report reveals that the token continues to race high, leaving behind other altcoins. Loopring caught attention when it started racing on 28th October and when it broke above $1 on 1st November, the press was all over the place. After reaching the $1.43, LRC corrected for 3rd and 4th November. The latest bulls rally started on 5th November, and the token broke above $3 yesterday and continues upside today as well.

Loopring price swiftly gains over 50 percent and sets a new all-time high at $1.43 on 5th January 2022 as a strong rally took the market to further heights after a slight retracement late yesterday. Likely we will see a slight reaction over the next hours as bulls prepare for the next push higher.

Loopring New Development

Loopring DAO announced its Phase 2 on October 3, 2022. The second phase is poised to enhance transparency and community autonomy within the network while also proposing new tokenomics to boost LRC and improve incentives for users to partake in Loopring L2.

In September 2022, the Loopring foundation announced that the network officially supports creating NFT collections. More interestingly, Non-fungible Tokens created in marketplaces with collection metadata can be recognized by Loopring’s mobile and web applications.

Loopring Technical Analysis

As seen on the Loopring price chart, the cryptocurrency is in a falling trend channel in the short term, which signals increasing pessimism among investors and indicates a further decline in the value of LRC. Loopring broke down through its support at $0.30, meaning a further price decline could be expected. In case of positive reactions, there will now be resistance at $0.30. 

Source: Investtech.com
Source: Investtech.com

Similarly, Loopring has been in a falling trend channel since the start of 2022, signaling increasing pessimism among investors in the long term and further price falls for Loopring.  Within the timeframe shown on the price chart, LRC is trading between support at $0.20 and resistance at $0.36. A definitive break through of one of these levels predicts a new direction. 

Source: Investtech.com
Source: Investtech.com

Volume tops and bottoms correspond well with tops and bottoms in the price, which weakens the falling trend and could be an early signal of a trend break. Also, RSI diverges positively against the price, which indicates a possibility for a reaction up.

Loopring Price Prediction by Cryptopolitan

Loopring Price Prediction 2022-2031: Is LRC a Good Investment? 1
YearMinimum Price ($)Average Price ($)Maximum Price ($)
2022$0.26$0.31$0.37
2023$0.63$0.67$0.71
2024$0.87$0.93$0.99
2025$1.14$1.20$1.31
2026$0.99$1.03$1.10
2027$1.41$1.48$1.54
2028$2.01$2.07$2.16
2029$2.90$2.95$3.00
2030$4.10$4.18$4.24
2031$5.59$5.65$5.70

LRC Price Prediction 2022

According to our LRC price prediction 2022, LRC is expected to attain a maximum price of  $0.37 by the end of the year. Investors can expect an average price of $0.31, with its lowest price at $0.26. A negative market force due to high inflation could lead to a lower price. 

LRC Price Prediction 2023

Loopring is anticipated to reach a maximum value of $0.71 based on our LRC price prediction 2023. We also anticipate a minimum price of $0.63 and an average market price of $0.67. If Loopring gets listed on more cryptocurrency exchanges, we could see an increase in valuation.

LRC Price Prediction 2024

According to our LRC price prediction 2024, Loopring will have a price range of $0.87 to $0.99, with an average price of $0.93.The reduced gas fee on every transaction and the scalability of the cryptocurrency network could contribute to the token attaining higher prices.

LRC Price Prediction 2025

Our LRC price prediction 2025 expects Loopring to double in price leading to a maximum price of $1.31 with a minimum price of $1.14. An average price of $1.20 is expected. Loopring is expected to maintain a high price throughout the year with a continuous bullish trend. Their scalable payment apps and NFT marketplace would be a huge contributor to these prices.

LRC Price Prediction 2026

According to our LRC price prediction 2022, a bearish market is anticipated leading to a fall in maximum value to $1.10 and a minimum price of $0.99, respectively. An average price of $1.03 is expected.

LRC Price Prediction 2027

Loopring is predicted to attain a maximum price of $1.54 based on our LRC price prediction 2027. An average price of $1.48 and a minimum price of $1.41 is expected. The loopring platform allowing exchanges and faster settlements for traders could also influence a bullish trend.   

LRC Price Prediction 2028

According to our LRC price prediction 2028, Loopring will trade at a maximum price of $2.16, indicating a plausible 620% gain on the current market price. Loopring is also expected to have a minimum price of $2.01 and an average trading value of $2.07.

LRC Price Prediction 2029

Our LRC price prediction 2029 expects an increase in price, leading to a maximum price of $3.00, with its lowest possible price set at $2.90. The projected average price is $2.95.

LRC Price Prediction 2030

According to our LRC price prediction 2030, Loopring investors will record huge profits, as the cryptocurrency could reach a peak price of $4.24, while maintaining an average price of $4.18. We also anticipate an average price of $4.10. The adoption of cryptocurrency as a legal means of exchange by countries and the use of blockchain-based applications could lead to a massive increase in price. 

LRC Price Prediction 2031

According to our LRC price predictions 2031, Loopring will trade at a maximum price of $5.70, indicating an over 1800% increase on the current price. The cryptocurrency is expected to maintain an average price of $5.59 and a minimum price of $5.65 throughout the year. 

Wallet Investor Loopring Price Predictions

According to Wallet Investor’s Loopring LRC price prediction, the coin is expected to trade at $1.663 by the end of 2023 and $2.638 in 2027. The cryptocoin is set to have a positive future trend, making it a good and profitable asset. LRC is touted to finish the year 2022 with a bullish trend.

TradingBeasts Loopring Price Predictions

TradingBeasts predicts Loopring to end the year 2022 with a maximum price of $0.52, and an average trading price of $0.41. They anticipate a bullish trend the following year, with an average Loopring price of $0.46 by December 2023, with its minimum price at $0.39.

TradingBeasts expects Loopring to continue its bullish run with a maximum price of $0.60 at the beginning of the year and closing with a maximum price of $0.67.

According to TradingBeasts LRC price forecast, Loopring is a good long-term investment with an anticipated price increase in 2025. LRC is expected to attain a maximum price of $0.81 and a minimum of $0.55. An average price of $0.64 is expected.

Technewsleader Loopring Price Predictions

Technewsleader predicts Loopring to have a bull run leading to a maximum price of $0.70 and an average trading price of $0.64. They anticipate a dip after the long bull run by the end of 2022. The price of Loopring is anticipated to increase by 2023 due to the benefits the cryptocurrency offers, a closing price of $1.09 is expected.

According to Technewsleader, Loopring Price Prediction for 2024, they expect a massive surge in the price of Loopring, leading to a maximum price of $1.34. They predict the adoption and partnerships between blockchain networks would greatly influence the crypto price. 

Technewsleader expects an overall bull run in 2025, leading to a maximum price of $2.32 and an average price of $1.92. They believe the previous year’s price would interest investors and lead to an increase in the price.

Loopring Price Prediction by Industry Experts

Rahul goes through LRC price predictions on his Youtube channel. He suggests dollar averaging on Loopring.

YouTube video

Crypto Never Sleeps, a popular channel on Youtube, suggests that this could be the best time to buy Loopring since it is undervalued.

YouTube video

Conclusion 

Loopring had its best performance between October 2021 and January 2022, after which the value of Loopring came tumbling down. According to the Cryptopolitan Loopring forecast, the coin should recover gradually in the coming years. High cryptocurrency market volatility might, however, derail Loopring from its trend.

Furthermore, Loopring developers have delved into the NFT space in recent years, making remarkable strides. For instance, in Q1 2022, with the integration of the BANXA fiat-onramp on Loopring, they enabled NFT support for minting, deposit, withdrawal, and transfers. Also, after their recent partnership with Gamestop, they announced the launch of the Gamestop NFT marketplace, which is solely powered by the Loopring network.

In the coming years, Loopring investors will likely record massive profits as the world begins to recognize the potential of cryptocurrency as a financial tool. In terms of benefits,  Loopring offers better performance than traditional DEX. As Dapps and stablecoins develop, loopring offers a significantly faster transaction with low gas fees than its competitors.

With more adoption and partnerships between blockchain networks, there could be an increase in the demand and value of Loopring- among other coins.

However, these predictions are not guaranteed as the crypto market remains subject to several forces. All investors are advised to consult with financial experts or do due diligence before executing any market action.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Where can I buy Loopring LRC?

Loopring tokens can be purchased on Binance, Kraken, Coinbase Exchange, FTX, Gate.io, Gemini, KuCoin, and more. Also, following an announcement in June 2022, LRC is now available on Bitkub, Thailand's biggest crypto exchange. 

Is Loopring a good investment in 2022?

According to the Loopring LRC price prediction, Looping is a good investment for 2022, with a trading range of $0.26-$0.37 by the end of the year.

What is Loopring Price Prediction for 2025? 

By 2025, LRC could be trading at an average price of $1.20, potentially reaching $1.31. The expected minimum price is $1.14.

What's next for Loopring?

Following the recent success of the Loopring protocol in the NFT space, the network will likely try to develop more projects in the thriving crypto sector. Loopring users could also anticipate the full integration of the Loopring smart wallet with other blockchains such as Binance smart chain, Optimism, Harmony, etc.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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