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Loopring (LRC) Price Surges to 212.50% in the Past Week -Breaking

by Mike Robinson

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The Loopring (LRC), Price Rises to 212.50% Over the Week
  • The loopring cost jumped from $0.3851 (October 27) to $1.54 (November 3).
  • In the past 7 days, Loopring (LRC), has risen 255%

Loopring, an Ethereum-based protocol that provides cryptography for decentralized finance (DeFi) apps, has been getting attention from investors over the past days amid rumors of its integration with GameStop’s (GME) NFT platform.

The rumors also come at a time when GameStop (NYSE 🙂 expands its business model with the launch of an NFT product. Some people also believe that the GameStop product will include Loopring protocol.

This rumor led to the Loopring’s (LRC) value increasing from $0.3851 on Oct 27 to $1.54 in November 3. Its market capital jumped to $2,043,410.934, which is 255% more than the Loopring’s (LRC). LRC was ranked #73 among the most valuable cryptocurrencies according to CoinMarketCap rankings.

Loopring is Layer 2 network which uses the new cryptography zkRollup. The company’s website states that their aim is to merge centralized and uncentralized crypto exchanges in order to make a protocol which will benefit from their strengths and decrease inefficiencies.

Loopring allows users to transact off-chain. Additionally, Loopring allows its users to make transactions on-chain faster and avoid paying high Ethereum fees.

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