Loopring Price Prediction 2024, 2025, 2030: Will LRC Price Hit New Yearly High Soon?

*The statistics are from press time.

The LRC price is currently hovering close to its important support level at $0.2430 and has recorded a jump of approximately 2% within the past 24 hours. However, the Loopring token has lost 28.95% within the past seven days and 40.18% over the past month.

Furthermore, the EMA 50-day shows a negative trend, suggesting a bearish price action for the altcoin this week.

The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating reduced selling pressure in the crypto market. Further, the averages show a steady decrease in the chart, highlighting a negative price action for the altcoin in the coming time.

If the market holds its price above the support level of $0.2430, the bulls will regain momentum and prepare to test its upper resistance level of $0.3650 in the upcoming weeks. Conversely, if a trend reversal occurs, the LRC token will lose momentum and fall to test its lower levels of $0.1960.

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

Conversely, the lower average time held of Loopring being just 7.4 months, makes it comparatively volatile. Therefore, 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.

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.

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.

According to our analysts, the 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.

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.

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.

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.

*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.

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 $0.57 by the end of 2024, 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 $0.31 by the year-end. Considering all viewpoints, the average price of the Loopring would be around $0.40.

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. 

Before 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.

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 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 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. To produce a token that will enable distinct benefits by eliminating the existing inefficiencies. 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. 

• 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 level 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 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!

Yes, if you are planning for the long term, Loopring looks promising considering its vision to expand into a gaming firm.

The price of LRC could reach as high as $0.57, by the end of 2024.

Loopring has the potential to be a profitable short-term investment. As gaming and NFTs space has been taking up another step to revolutionize the gaming sector.

The altcoin could surge to its potential high of $0.73, by the end of 2025. With a potential surge, the price may go as high as $1.89 by the end of 2030.

Loopring can be traded on various exchanges like Binance, Bybit, OKEx, and Huobi, amongst others.

At the time of publishing, the price of one LRC was $0.2498.