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Will LRC rise again? Based on expert Loopring price prediction, it is forecasted that the maximum price of LRC coin by 2030 will be $12.5 (+12,000%).
The post Loopring Price Prediction: Will LRC Rise Again? first appeared on StealthEX.Loopring (LRC) prices remain under pressure, dropping roughly 20% days after announcing the launch of non-fungible token (NFT) Red Packet 2.0. Loopring Announces Red Packet 2.0 Loopring, a layer-2 decentralized exchange using zkRollups on Ethereum allowing traders to exchange assets, said NFT Red Packet 2.0, currently available on their Loopring Smart Wallet and the web app, let users transfer ERC-20 tokens and NFTs adapted to the ERC-1155 standard. Unlike the popular ERC-721 standard for building NFTs, the ERC-1155 version is more flexible, empowering users to create semi-fungible tokens and ordinary NFTs. Loopring developers started building Red Packets in 2021. However, developers expanded on traditional Red Packets creation when they also announced Blind Red Packets on April 20. Using this solution, users can only unveil the content of the “packet” after a given period. Supporters claim Red Packets will change the economics of NFTs and drive mainstream adoption while opening up more possibilities, especially in gaming, ticketing, and more, primarily because of the cost involved. Unlike transacting on the Ethereum mainnet, using layer-2 platforms for trading or asset transfer is relatively cheap. Related Reading: LoopRing Price Lags Despite Relief, Is LRC Double-Digit Gain Feasible? Users can securely send assets, including tokens and NFTs, off-chain while avoiding the high fees. However, they still are secured by the Ethereum mainnet. As an illustration, users on the mainnet have to pay $43.83 when writing on April 23. Meanwhile, based on L2Fees data, sending ETH on Loopring costs $0.06. Because of this allowance, users can pack thousands of NFTs on Loopring’s Blind Red Packets and gift them to users without having to pay high fees. It is an addition that the Loopring community has positively received, but that has not prevented prices from edging lower, as visible in the daily chart. LRC Drops 20% In 5 Days LRC is trading at $0.338, down 20% from April highs, and is underperforming Bitcoin and Ethereum in the past 24 hours. Notably, prices broke lower on April 19 before they were confirmed on April 20 and in the second half of last week. When writing, prices are stable but remain within a bearish formation, having reversed all losses posted on April 14. On this day, Loopring revealed that more than 200,000 unique addresses were using its platform. Despite the contraction of LRC prices, the token has more than doubled from December 2022, when prices fell to as low as $0.188. The token is also up 30% from March 2023 lows as prices currently retest a critical support line. Related Reading: Loopring Wobbles In Last 2 Months – Can LRC Stay In The Loop? Featured Image From Canva, Chart From TradingView
The crypto market is going through the old script again – new players are replacing the old ones. TMS Network TMS Network (TMSN) has announced the launch of its decentralized trading platform. With the advent of the TMS Network (TMSN), traders can execute their orders instantly, don’t have to suffer long processing times, and pay […]
Loopring (LRC) is recovering after turning away from the $0.45 barrier. The Loopring price had escaped from a bullish chart pattern after rising as much [...]
The Loopring price prediction shows that LRC is likely to stay above the moving averages as eyes are currently glued on $0.45. Loopring Prediction Statistics [...]
Loopring is bullish today, with its price surging on the charts. The token has touched new highs on the chart consecutively in the last three [...]
The price of Loopring has increased by 4.44% in the past week. The price of Loopring (LRC) has decreased today, currently at $0.292924 at press [...]
The Loopring price prediction shows that LRC is likely to climb above the upper boundary to continue the upward trend. Loopring Prediction Statistics Data: Loopring [...]
Loopring’s LRC had a strong start to its trading year, as the cryptocurrency was up by 8.08% for the week as of writing. After a [...]
Ethereum Layer 2 scaling solutions have been becoming popular. The L2 solutions scale applications and handle transactions off Ethereum. In doing so, they raise the transaction’s throughput and cut the gas fees. But do you know which tokens of Ethereum L2 solutions to buy next year? Read on: Polygon (MATIC) Polygon is easily the most […]
The post Popular Ethereum scaling solutions you should buy in 2023? appeared first on CoinJournal.
The crypto market is having a poor start to the week, and Loopring has already lost more than 9% of its value today. LRC, the native coin of the Loopring ecosystem, is down by more than 9% in the last 24 hours. The coin is underperforming compared to the broader cryptocurrency market. LRC’s poor performance […]
The post LRC is down by 9% after Loopring experienced a DDOS attack over the weekend appeared first on CoinJournal.
The bearish market season is still ongoing. Nevertheless, some coins have been outperforming others well, while certain coins are also displaying indications of a shift [...]
On the 14th of August, at the resistance price level of $0.500, Loopring began to trend downwards. At first, the downtrend was strong and continuous, [...]
The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance) Related Reading: ANKR Gained 12% In The Last 24 Hours. What’s Pushing It? LoopRing Price Analysis On The Weekly Chart From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the weekly chart as the price is unable to show much strength to trend higher. LRC weekly candle closed with the bearish sentiment, with the new week’s candle looking indecisive. The price has continued to show little or no traction; If the price of LRC on the weekly chart maintains this structure, it could retest its low of $0.35 as this is a key support region on the weekly chart. For the price of LRC to trend higher, it needs to break the resistance at $0.5 with a good volume to have a go at higher prices and double gains. Weekly resistance for the price of LRC – $0.5. Weekly support for the price of LRC – $0.35. Price Analysis Of LRC On The Daily (1D) Chart The price of LRC has found itself ranging in a channel trying to break out from what looks like a cage preventing the price from trending higher. LRC has found its price between $0.35 acting as support and $0.5 acting as the resistance for the price of LRC. The price of LRC needs to break out of this range and close above the $0.5 mark to trend higher to a region of $0.65, acting as key resistance for a single-digit LRC. With more buy orders and volume, we could see LRC breaking this range; if the price fails to break out, we can see the price retesting $0.35 and lower if there is a market sell-off. LRC is currently trading at $0.39, just below the 50 and 200 Exponential Moving Average (EMA), which corresponds to prices of $0.42 and $0.65, acting as resistances for LRC price. On the daily chart, the Relative Strength Index (RSI) for the price of LRC is above 40, indicating a low volume of buy orders. Daily (1D) resistance for LRC price – $0.5-$0.65. Daily (1D) support for LRC price – $0.35. Price Analysis Of LRC On The Four-Hourly (4H) Chart The price of LRC has continued to show a little bullish trend below the 50 and 200 EMA prices, which correspond to $0.42 and $0.399, acting as resistances to the LRC price. LRC needs to break and hold above the 50 and 200 EMA to assume its bullish sentiment; if LRC fails to break and hold above these prices, we could see the price retesting its support levels at $0.35. Four-Hourly (4H) resistance for LRC price – $0.42, $0.399. Four-Hourly (4H) support for LRC price – $0.35. Related Reading: Crypto Market Returns Plunges Into The Negative, Here’s Why Featured Image From zipmex, Charts From TradingView.com
Bullish LRC price prediction is $0.5105 to $1.6536. Loopring (LRC) price might also reach $3 soon. Bearish LRC price prediction
Loopring is a rather lesser-known blockchain that bridges the gap between the idea of working on a decentralized exchange. LRC is a utility-based token that addresses the shortcomings in the centralized exchange. Centralized exchanges settle the trades on internal records leaving it open for manipulation and unauthorized usage, while LRC is the ETH-backed token for …
In this article, we will be looking at the Loopring project to determine if it is primed for a major bullish run in the coming days.
On Monday, video game and electronics retailer GameStop announced the launch of a new wallet that allows "gamers" to store, send, and receive cryptocurrencies and non-fungible tokens (NFTs) across different dApps.
Layer 2 Solutions are becoming the go to after the congestion on Layer 1. This article discusses the top 5 in the sector.
Bullish LRC price prediction is $1.6625 to $3.9341. The LRC price will also reach $5 soon. LRC bearish market price
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