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Does it interest you to know the Loopring (LRC) price prediction? For most people, the answer is yes. So, without further ado, in this article we’ll dive into the latest Loopring price prediction for 2023, 2025 and 2030, and its potential prospects as a long-term investment.
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Before getting deeper into the LRC coin price prediction and discussing numbers that might get you bored for no reason at all, let’s have a look at the basic introduction of this currency.
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Loopring (LRC) Overview
| Cryptocurrency | Loopring |
| Ticker Symbol | LRC |
| Rank | 104 |
| Price | $0.22 |
| Price Change 24H | –2.05% |
| Market Cap | $291,376,938 |
| Circulating Supply | 1,331,536,072 LRC |
| Trading Volume | $17,692,131 |
| All Time High | $3.83 |
| All Time Low | $0.01986 |
What is Loopring?
Loopring is a decentralized exchange (DEX) that uses a zkRollup layer-2 scaling solution to provide fast and cheap trading. The protocol in a liquidity pool ensures that trades are executed at fair prices based on the ratio of the assets in the pool.
The zero-knowledge rollups enable Loopring exchanges to execute crucial computations elsewhere instead of directly completing them on the Ethereum blockchain. The idea is that by lowering the number of transactions that a Loopring exchange must submit to the Ethereum network, traders will benefit from increased speed and lower costs. This will help traders to compare prices for their digital assets.
Overall, Loopring is a unique protocol that tends to keep the pros of DEXs and CEXs and increase efficiency while eliminating custodial risks. Loopring aims to integrate the centralized order matching to the decentralized on-blockchain order settlement. In this way, it can bring the best aspects of both the exchanges (centralized and decentralized).
Loopring is best suited for users who prioritize fast and cheap trading, while SushiSwap may be a better option for users who value higher liquidity and trading volume.
Loopring Price History
Loopring was first available to investors through an ICO in August 2017. The launch price was $0.06 per coin.
A few years later, in December 2019, Loopring met its all-time low of $0.01986 (three times lower than its ICO price).
In 2021, LRC started the year at $0.1758, hit its all-time high of $3.83 on the 10th of November, and then ended the year at $2.0934.
2022 started for LRC at $2.09, but then started falling down to hit a low of $0.67 in mid-March. By the end of March, the coin managed to climb up to $1.288, but then started falling again and by the end of the year was mostly traded between $0.19 and $0.62.
Current Loopring Price
At the time of writing, Loopring is trading at $0.22 with a market capitalization of $291,376,938, ranking #104 amongst all cryptocurrencies by that metric. In the past 24 hours, the LRC coin price has decreased by 2.05% with a trading volume of $17,692,131.
Now let’s move on to the LRC coin price prediction for 2023 and beyond.
LRC Price Prediction 2023, 2025, 2030
Below pulls together our LRC price prediction for 2023, 2025 and 2030, ensuring you have a rough idea of the coin’s future value potential:
| YEAR | MINIMUM PRICE | MAXIMUM PRICE |
| 2023 | $0.26 | $0.29 |
| 2025 | $0.52 | $0.65 |
| 2030 | $1.31 | $1.44 |
Loopring Price Prediction 2023
If the platform welcomes a thriving userbase and a spike in the rate of adoptions and collaborations, Loopring might see impressive growth throughout 2023.
As per our Loopring price prediction 2023, Loopring is expected to reach a possible high of $0.29 by the end of 2023. On the flip side, if the project fails to commit to its expectations, the price might slip down to $0.26, with an average price of $0.27.
Loopring Price Prediction 2025
Loopring looks well-positioned to reach its full potential in the coming years. If Loopring manages to attract investors and whalestats with its developmental and community-building initiatives, Loopring price might experience a significant increase in 2025.
Our Loopring price prediction 2025 forecasts that at the very highest, Loopring price may reach $0.65 by 2025. The minimum price could be $0.52, with an average price of $0.55.
Loopring Price Prediction 2030
The Loopring ecosystem is actively growing with new users and will remain viable in the long term. Our Loopring price prediction 2030 forecasts that Loopring crypto is expected to trade between $1.31 and $1.44 in 2030.
However, please know the forecast figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.
Will Loopring Reach $10?
Loopring has attracted a large number of crypto investors, users and community members. Therefore, it’s not too surprising many people are wondering how high the price of Loopring could go in the future.
So, can Loopring reach $10? To reach $10, Loopring will need to rise 45x, which translates to market capitalization of 13.2 billion for LRC.
Mathematically and in theory this is feasible. Many tokens have managed to achieve this target. But in reality, there are practical challenges and there has to be significant progress in Loopring use cases to justify these levels.
CoinCodex, a popular site that does crypto price predictions based on algorithm, estimates that the highest price Loopring can reach is $ 1.214742 by Jan 1, 2029. According to its current prediction, Loopring is unlikely to reach $10.