Loopring (LRC) has recorded huge public interest over the past few months. While crypto has recorded huge gains, the increase in the buying interest is raising several questions among crypto users as well as enthusiasts. Currently priced at $0.50 and circulating some 1.3 billion LRC tokens, Loopring has a total supply close to 1.4 billion. What makes LRC so special? Let’s find out some of the important details about LRC. If you want to know the Loopring (LRC) price prediction, we have also got you covered with the latest prediction drawn from the recent market analysis.
What Is Loopring (LRC)
Loopring (LRC) is a cryptocurrency project that enables developers to build DeFi apps that run on the Ethereum blockchain. Started by Daniel Wang, Loopring also focuses on crypto wallets and NFT products. The LRC tokens (1.3 billion in circulation) empowers the platform.
Here, it is important to mention that LRC can protect against inflation. It is one of the key reasons why most investors are now taking a keen interest in the Loopring platform.
LRC Current Price
LRC has witnessed an increasing buying interest over the past few weeks. The price of LRC is currently standing at $0.469327 at the time of writing this article.
LRC Price Prediction
If you are wondering whether LRC is a good investment to make, this brief analysis will help you figure it out. LRC fell to its all-time low back in 2018. The investors who bought LRC tokens at that time have seen their investment grow from that point forward by 2500 percent. Moreover, as per the record of the past few months, LRC has climbed an average of 15 percent per month. This clearly shows that LRC can reach $1 in less than a year and may hit $5 before 2025. So, if you want to invest in crypto, now is the time to do it. Please note that the Loopring (LRC) price prediction is based on the technical analysis of the daily, weekly, and monthly charts.
When will LRC reach $1?
If LRC continues to follow its current momentum in the market and witness 5% gains per month, it could reach $1 in about 12 months and can hit $5 by 2025.