The prospect for Loopring is an excellent long-term investment because of the enormous potential for building up the foundation for DEX applications. 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 reviewing the details in this Loopring Price Prediction.
Loopring 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 is a hybrid product that combines the most significant features of centralized and decentralized exchanges by combining centralized order matching with decentralized on-blockchain order settlement.
Loopring price analysis
Recent News
In a significant cybersecurity incident, the Ethereum layer-2 network Loopring’s “X account” was compromised in November, leading to a series of unauthorized posts promoting a fake airdrop of Loopring’s native token, LRC. The attack, which lasted an entire day, involved the publication of at least 10 tweets containing malicious links that redirected users to a known wallet drainer.
Blockchain security firm CertiK revealed that these links were part of a phishing scheme connected to previous similar campaigns. Despite the Loopring team’s efforts, control over their account remained elusive for the incident.
During the breach, Loopring had over $98 million in total value locked, as per DefiLlama data. The extent of the damage to LRC users or potential airdrop claimants remains unknown. Still, the incident has shed light on the growing cyber threats faced by cryptocurrency and blockchain projects.
Loopring’s response to the incident was a testament to the power of community collaboration in the face of cybersecurity threats. After regaining control of their compromised account, Loopring expressed gratitude towards their community and the support team for their assistance in the recovery process. They acknowledged the community’s role in vigilantly reporting and sharing information, which was crucial in mitigating the breach’s impact.
The incident also coincided with Dune Analytics experiencing a surge in inorganic traffic, leading to a temporary halt in its operations. However, Dune Analytics quickly resumed services after addressing the issue. These events collectively highlight the challenges and the importance of robust security measures in the increasingly targeted cryptocurrency and blockchain space.
As the dust settles, the Loopring incident serves as a cautionary tale about the vulnerabilities in digital assets. It underscores the significance of community support and rapid response in managing cyber threats in the evolving landscape of blockchain technology.
Loopring Price Prediction by Cryptopolitan
| Year | Minimum Price $ | Average Price $ | Maximum Price $ |
| 2024 | $0.3520 | $0.3616 | $0.4054 |
| 2025 | $0.5058 | $0.5203 | $0.6130 |
| 2026 | $0.7575 | $0.7783 | $0.8661 |
| 2027 | $1.0800 | $1.1200 | $1.2800 |
| 2028 | $1.5200 | $1.5800 | $1.8700 |
| 2029 | $2.2800 | $2.3400 | $2.6200 |
| 2030 | $3.2500 | $3.3700 | $3.9300 |
| 2031 | $5.1200 | $5.2900 | $5.7700 |
| 2032 | $7.0600 | $7.3200 | $8.8100 |
Loopring Price Prediction 2024
According to our Loopring price prediction 2024, we expect a minimum price of $0.352 and an average price of $0.361. However, If Loopring’s growth trajectory persists, we predict its value could reach as high as $0.4054 at its peak.
Loopring Price Prediction 2025
According to our Loopring forecast for 2025, the minimum price of Loopring will be $0.5058, while the average price will be around $0.5203. There is potential for significant growth in the value of Loopring during this period, with the token possibly reaching a maximum price of $0.613 by the end of 2025.
Loopring Price Prediction 2026
According to price prediction for 2026, we expect the minimum price of the coin to be $0.7575 and an average predicted value of $0.7783. We expect Loopring’s price to surge to a maximum of $0.8661 by 2026.
Loopring Price Prediction 2027
Our Loopring price prediction for 2027 is a minimum value of $1.08 with an average trading price of $1.12. Based on the Loopring price prediction for 2027, the price could reach a maximum of $1.28 during the year.
Loopring Price Prediction 2028
Based on our Loopring price prediction for 2028, the Loopring token is anticipated to experience a bullish trend with a predicted floor price of $1.52 and an average trading value of $1.58. The highest possible price for 2028 is estimated to reach $1.82 reflecting a significant increase in the token’s valuation.
Loopring Price Prediction 2029
Our Loopring LRC price prediction for 2029 suggests that the minimum price level could be $2.28. The Loopring token will experience significant growth, with a maximum potential price value of $2.62 and an average projected value of $2.34.
Loopring Price Prediction 2030
According to our LRC price forecast for 2030, we anticipate that the cryptocurrency’s value may drop to a low of $3.25 by year-end. However, we expect the average trading price to be $3 and the maximum estimated price to reach as high as $3.93.
Loopring Price History
- Based on historical data, the Loopring token LRC suffered a significant knock in 2018. Prices fell in April after reaching a high of $1.4522 in January 2018, falling to its all-time low at $0.01986 in December 2019.
- By early 2020, the coin price had corrected to $0.0225. 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 skyrocketed breaking above $3 on December 2021. Loopring caught investor attention when it broke above $1 in October 2021. It continued to register its all-time high at $3.83 in November 2021. The reversal was swift in 2022, losing over 90% of its value. In 2023, it faced stiff resistance at the $0.25 mark.
Source: https://coinstats.app/coins/loopring/
- In August 2017, LRC tokens went on sale through an initial coin offering (ICO), and in December 2019, the Loopring protocol was launched on the Ethereum mainnet for the first time.
- By developing protocols that enable low-cost, high-volume trustless trade over the decentralized web, Loopring empowers people with economic freedom and possibilities. Loopring aims to develop Ethereum-based protocols that collect liquidity from many sources, including centralized exchanges, DEXs, wallets, and other financial service providers.
- Since Loopring is not a custodial service, customers always have access to their money. The platform also offers a non-custodial wallet that lets users store their private keys and transact directly from their wallets.
- In the coming years, Loopring investors will likely record massive profits as people 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.
