Loopring Price Prediction 2022, 2025, and 2030: LRCUSD at $10 by 2025
Loopring (LRC) Abstract Cryptocurrency. With a dark background and a world map. Graphic concept for your design.
In this article, we will look at Loopring price prediction for 2022, 2025, and 2030. We will also look at the Loopring ecosystem and how the technology is being used to advance blockchain technology.
Loopring technology works on top of Ethereum’s blockchain and promises to speed the rate of Ethereum-based transactions carried out on its network. To put it mildly, the platform helps ease congestion in the Ethereum network. According to the platform’s developer, Loopring has a throughput that is approximately 1,000 times greater than Ethereum and can process 2,025 transactions per second.
The Loopring platform was founded by Daniel Wang, a software engineer and entrepreneur based in Shanghai, China, in 2017. This was followed by the release of LRC tokens publicly through an initial coin offering (ICO) in August 2017.
At its core, the platform promises to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that is able to take the best of both worlds. The platforms also aim at linking more exchange platforms without slowing down the trading experience. Users of Loopring are also able to continue holding their coins during the processing of transactions, with funds only transferring once the processing is done.
Loopring Price History
Over the years, Loopring has made significant market moves. Today the cryptocurrency is ranked as the 80th most valuable crypto coin with a market capitalization of $921,285,000. Below is a table of some of the recent price milestones of Loopring.
Nov 10, 2021
Dec 18, 2019
All Time Low
52 Week High
52 Week High
52 Week Low
52 Week Low
Loopring adoption by its users has been a result of its speed and low transaction costs. The decentralized Loopring exchange uses the layer two (L2) networks. It is also a Zero-Knowledge Rollup (zk-Rollup) protocol. This means that the platform combines smart contracts from Ethereum and Zero-Knowledge (ZK) circuits to build secure and scalable decentralized exchanges and automated market makers (AMM).
A Zero-knowledge rollup (zk-Rollup) is a bundle of off-chain transfers capable of generating cryptographic proof that is commonly known as SNARK (succinct non-interactive argument of knowledge). The main advantage of zk-Rollups that has resulted in the adoption of Loopring is its fast transaction processing, security, and decentralization.
Loopring Price Prediction 2022
My Loopring price prediction for 2022 expects the price of Loopring to be trading at around $2 by the end of 2022. Looking at the daily chart below, this is represented by the blue-shaded region that is closer to the current prices.
To understand how I came up with the $2 prediction, we have to look at the daily chart below. Today, the cryptocurrency is trading at around $0.68. The prices are also trading within a support and resistance market structure. The chart below also shows that the prices have recently touched a long-term support level of $0.66. The chart also shows that the current volatility is likely to push the prices below the support level. Therefore, the next region that we should expect the prices is the other long-term support level of $0.36.
My Loopring price prediction expects the prices not to break the support level of $0.36 when the prices retreat. However, there is also a possibility that the prices may move downward past $0.66 but still fail to hit the $0.36 support level. My prediction also expects the prices to have a trend reversal after hitting or nearly hitting the $0.36 support level. This will set a new bullish move that will see the year-end with the prices of Loopring at around the $2 mark. The return on investment weighted on the current market prices will be 217 percent by the end of the year.
Loopring Daily Chartup
Loopring Price Prediction 2025
My Loopring price prediction for 2025 expects the prices to have crossed the current all-time highs of $3.83. I also expect the price of Loopring to be aggressively bullish between 2023 and 2025, a move that will push the cryptocurrency past $10 by 2025. I am aggressively bullish about cryptocurrency during that period because of historical price action. For instance, starting on October 28, 2018, Loopring was able to gain almost a thousand percent within two weeks. This shows that cryptocurrency can be aggressively bullish. A $10 price by 2025 will also mean that the annual average growth rate of Loopring between 2023 and 2025 will be around 120 percent.
Loopring Price Prediciton 2030
By 2030, my Loopring price prediction expects the prices to be trading at between $50 to $100. This will be an average annual growth rate of between 38 percent and 60 percent. Although the Loopring return on investment between 2025 and 2030 is not very aggressive, it is still high and above what most indices return per year.
Is Loopring a Good Investment?
Based on my Loopring prediction, I expect the cryptocurrency to grow by over 200 percent in 2022 and over 100 percent between 2023 and 2025. Therefore, investing in Loopring is a sound decision. Furthermore, the cryptocurrency average annual growth rate between 2025 and 2030 is also expected to be between 38 percent and 60 percent. This is also higher than most traditional investment alternatives. This means that investors taking Loopring as their investment choice will have higher returns than those going to traditional investment alternatives.