Loopring Price Prediction

More and more people invest in cryptocurrencies or use them for payments, leading to higher trading volumes. Most of this crypto trading occurs on centralized exchanges. These online platforms have advantages and disadvantages for users. On the one hand, centralized exchanges facilitate matching buy and sell orders. On the other hand, they store users’ funds, making them more vulnerable to cyber-attacks. Moreover, centralized exchanges are prone to price manipulation and unauthorized use of users’ funds. Decentralized exchanges (DEXes) have partially alleviated these issues, but not without their disadvantages.

Loopring is an open protocol that aims to fill the gap by facilitating the building of crypto exchanges that combine the best of centralized and decentralized crypto exchanges. This way, a hybridized exchange will feature order matching and decentralized on-blockchain order settlement in a single platform. Simultaneously, DEX disadvantages, such as lower efficiency, will be removed.

Loopring uses the LRC token for critical operations on the network. For instance, to operate a DEX on Loopring, one must lock up at least 250,000 LRC. If you are interested in this token as an investment, please read the following Loopring price prediction for the coming years.

Loopring (LRC) Overview

LRC is the native utility token of the Loopring network. It is an ERC-20 token launched in 2017. Users must pay a fee in LRC each time they transact through a DEX on Loopring. Eighty percent of these payments go to liquidity providers, whereas the rest is split between insurers and Loopring’s decentralized autonomous organization (DAO). As of December 4, 2023, LRC was the 134th most valuable cryptocurrency by market capitalization, according to CoinMarketCap. The table below summarizes other relevant data for the same date.

Coin Name

Loopring

Coin Symbol

LRC

USD Price

$0.2241

Market Cap

$298,564,202

24h Trading Volume

$26,300,307

Maximum Supply

1,374,513,896 LRC

Loopring (LRC) Price History

CoinMarketCap indicates that the LRC open price was $0.1 in 2017, growing to approximately $0.4 by the end of that year. In 2018, the LRC price continued to expand, reaching nearly $1.5 in the first days of January. However, LRC traded at around $0.3 by mid-March that year. It gained momentum again and sold at about $1 by the end of April. However, after this hike, a downtrend ensued. The LRC price was approximately $0.04 by the end of 2018.

For nearly two years, LRC traded below its open price. But by the end of July 2020, the LRC price climbed above $0.1, maintaining that level for several months and closing that year at $0.17. In the first half of 2021, LRC increased its value significantly, reaching $0.77 on February 14. In November of that year, the LRC price skyrocketed, reaching its all-time high of $3.83 on November 10, 2021. However, the price sharply fell in the following weeks, ending 2021 at around $1.

In 2022, the LRC dropped further, closing that year at approximately $0.2. This downtrend continued in 2023. As of December 4, 2023, the LRC token traded at around $0.22.

Loopring (LRC) Price Prediction for 2024-2030

Loopring (LRC) Price Prediction for 2024

The LRC price will likely expand in 2024, but price predictions have differing views on how significant the growth will be. AMBCrypto predicts an average LRC price of $0.26 in 2024, with a potential maximum of $0.39. PricePrediction expects the token to trade at an average of $0.34, possibly reaching $0.40. DigitalCoinPrice is significantly more optimistic, indicating an average price of $0.58 and a maximum of $0.62. So, if the last prediction is correct, an LRC investment at the current trading price of $0.22 could increase its value by +182% next year.

Loopring (LRC) Price Prediction for 2025

The LRC token will continue to increase its value in 2025. According to AMBCrypto, LRC will trade at an average price of $0.34 and a maximum of $0.51 in 2025. PricePrediction expects an average LRC price of $0.49 and a maximum of $0.57. DigitalCoinPrice forecasts an average price of $0.85, possibly reaching a maximum of $0.87. Hence, an LRC investment at the current $0.22 could grow by +295% in 2025.

Loopring (LRC) Price Prediction for 2026

In 2026, LRC will trade at $0.45 on average, reaching a maximum of $0.68, according to AMBCrypto. For its part, PricePrediction expects an average price of $0.68 and a maximum of $0.82. DigitalCoinPrice is more optimistic, forecasting an average LRC price of $1.05 with a potential maximum of $1.07. So, an LRC investment at the current $0.22 per token price could increase its worth by 386% by 2026.

Loopring (LRC) Price Prediction for 2030

In the long run, the LRC token will significantly increase its price. AMBCrypto predicts an LRC average price of $1.38 and a maximum of $2.08 in 2030. DigitalCoinPrice forecasts an average price of $2.47 and a maximum of $2.48.  PricePrediction is much more optimistic, indicating an average LRC price of $2.93 and a potential maximum of $3.52. Hence, if you invest in LRC at the current trading price of $0.22, your investment could grow by 1,500% by 2030.

Conclusion

The Loopring project brings an innovative solution to alleviate the disadvantages of centralized and decentralized crypto exchanges. It creates a hybridized crypto exchange with order matching and decentralized on-blockchain order settlement. The LRC token, which powers the Loopring network, performed well in 2021. Sadly, this token’s price has been on a downtrend for most of 2022 and 2023. Price predictions indicate the said downtrend will reverse in 2024. Hence, the LRC token could be a good addition to a crypto investor’s portfolio.

FAQs

Is Loopring (LRC) a good investment?

It might be. The LRC token currently trades at a low price. Price predictions indicate an LRC investment could yield high returns in the long run. It might be profitable to invest in this crypto asset. However, it is advisable to research this token thoroughly before investing.

How high can Loopring (LRC) go?

According to PricePrediction, the LRC token will trade at a maximum of $7 in 2032.

Where can I buy the Loopring (LRC) token?

Several exchanges list this token for trading. For competitive rates, you can buy the LRC token on LetsExchange.io.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.