| Metric | Value | Trend |
|---|---|---|
| Current Price | $0.139 | Higher |
| Trading Volume | $23.9 M | Steady |
Loopring (LRC) operates as a decentralized exchange (DEX) leveraging zkRollup technology for efficient, low-cost trading. Unlike traditional exchanges, Loopring minimizes custodial risks by facilitating on-chain settlement while maintaining liquidity through partnerships. It integrates centralized order matching with decentralized settlement, aiming to offer users the benefits of both models.
LRC serves dual purposes within the ecosystem: facilitating operations on the Loopring platform and enabling governance participation. However, its price performance has been volatile, reflecting a substantial decline from its all-time high of $3.827 to recent lows, suggesting a challenging investment environment.
Loopring Price Performance So Far| Last 7 Days | +6.9% |
| Last 1 Month | -21.6% |
| Last 12 Months | -44.4% |
| Quality Of Investment | Poor |
Loopring – Buy or Sell? Select One
- Dec 14th: -7%
- Jan 13th: -13%
- Feb 19th: -87%
Latest Loopring Developments
- Feb 19th: Loopring LRC has been highly volatile over the last few days. LRC has been fluctuating within the narrow price range of $0.12 and $0.15. A breakout above this level will increase the chances of LRC breaking above $0.20. The technicals have been ranging from neutral to bearish for Loopring.
- Jan 13th: Loopring announced the ICYMI portal upgrade. The trading fee has been lowered to 0.1%.
- Loopring DeFi is now fully mobile. Users now have two ways of accessing it. 1. Download the Loopring wallet and activate an L2 account and use the Loopring DeFi baked in. 2. Head to the new mobile-optimized DeFi.Loopring.io from the web browser and connect any wallet.
Will Loopring reach $100?
To reach $100, LRC will need to rise 763x.At $100, the target market cap will be approximately $137.59 billion.If LRC were to rise at the pace of 25%, it will take approximately 30 years to reach $100.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $100– Not Feasible
- Market Cap at $100– Not Feasible
Considering the Quality of Investment, growth required, and time required, Loopring has no chance of reaching $100.
Will Loopring reach $1000?
To reach $1000, LRC will need to rise 7,634x.At $1000, the target market cap will be approximately $1.38 trillion.If LRC were to rise at the pace of 25%, it will take approximately 41 years to reach $1000.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $1000– Not Feasible
- Market Cap at $1000– Not Feasible
Considering the Quality of Investment, growth required, and time required, Loopring no chance of reaching $1000.
Will Loopring reach $5? Calculations
To reach $5, LRC will need to rise 38x.At $5, the target market cap will be approximately $6.88 billion.If LRC were to rise at the pace of 25%, it will take approximately 17 years to reach $5.
Let us evaluate this data
- Quality of Investment– Poor
- Time and Growth required to reach $5– Somewhat Feasible
- Market Cap at $5– Feasible
Considering the Quality of Investment, growth required, and time required, Loopring has a moderate chance of reaching $5.
Will Loopring reach $10?
To reach $10, LRC will need to rise 76x.At $10, the target market cap will be approximately $13.76 billion.If LRC were to rise at the pace of 25%, it will take approximately 20 years to reach $10.
Considering all the data, let us evaluate whether Loopring can reach $10.
- Quality of Investment – Poor
- Growth required to reach $10 – Somewhat Feasible
- Market at $10 – Somewhat Feasible
The aggregate Loopring Price Prediction for 2030 is $1.5. Therefore, the odds of LRC reaching $10 are moderate to low. This can improve if at least 50% of the Tokens are Burnt.
Compare whether Loopring is a better or worse investment option than other Cryptocurrencies
Note: Please consult a registered investment advisor to guide your financial decisions
