If you’re looking to invest in an interesting altcoin project, then Loopring is definitely worthy of consideration. The project saw significant price growth in the closing weeks of 2021 and generated significant attention amongst the more risk-tolerant investors out there. So what can we expect from LRC in the coming years?
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Loopring is one of the more advanced layer-2 Ethereum scaling solutions out there, thanks to its innovative use of zero-knowledge roll-ups (ZK-Rollups) and proprietary Loopring consensus protocol. If its developers' claims are to be believed, then Loopring is capable of processing thousands of transactions per second.
Given the network congestion and soaring GAS fees that have dogged Ethereum over the last two years or so, the advantages of a scaling solution such as Loopring should be fairly obvious. In theory, it allows Ethereum developers to build just about any blockchain project without having to worry about network slowdown or migrating to another smart chain altogether.
But, let’s face it, Loopring isn’t the only level-2 scaling solution out there and there has been speculation that the Ethereum 2.0 upgrade could eventually see such projects becoming largely redundant. So is LRC a good investment? In the following Loopring price prediction for 2025 and 2030, we’ll be taking a closer look at the project to try and answer this question.
The Need For Level-2 Scaling Solutions
Before we take a closer look at Loopring and how it works, it’s worth taking the time to look at what level-2 scaling solutions are and why they are important to the cryptocurrency industry as it stands today.
Anyone who has been following the cryptocurrency industry for a while will know that Ethereum is the number one smart chain for DeFi projects. Whilst this is fantastic for the project as a whole, it means that the demands placed on the Ethereum blockchain have soared, leading to significant slowdown and soaring GAS fees.
Layer 2 refers to projects that augment the capability of a blockchain by processing transactions off of the mainnet. The trick for these projects is providing a faster rate of transactions whilst maintaining security and keeping fees low. Loopring is an example of a level-2 scaling solution for Ethereum.
Layer-2 solutions are highly regarded because they address a very prevalent issue in the blockchain world–namely the scalability of Ethereum. These projects can make Ethereum less congested, reduce transaction costs and even make the blockchain more environmentally friendly.
Introducing Loopring
Loopring launched in 2017, but its current iteration has been operational since March 2020. It was the brainchild of Daniel Wang, a former Google software engineer. The original remit of the project was fairly clear: to provide a scaling solution that would speed up transaction speeds for Ethereum-based cryptocurrency projects.
The standout technology of Loopring is its use of zkRollups. The inner workings of zkRollups are too complex to be broken down here, but effectively what they do is allow certain transaction data to be accepted without the need to share that data. Transactions are processed in this way, before being bundled together and sent to the Ethereum mainnet for completion.
Because much of the work is done on the Loopring protocol, the demand placed on Ethereum is greatly reduced. Essentially, multiple transactions are compressed by Loopring so the actual number being processed by Ethereum is far lower, which reduces congestion and keeps fees super low.
The impressive thing about Loopring is that, despite much of the data being bundled in this way, it remains transparent. When the zero-knowledge proofs are sent to Ethereum, there effectively remains a ‘paper trail’ that allows the individual transactions to be reconstructed and verified.
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Looking At Loopring’s Price History
Loopring’s native token, LRC, was first widely listed on exchanges back in 2017, when it changed hands for around. $0.16. As with many altcoins, there were a few waves of investor interest early on, which led to several price spikes, but the token then remained subdued for more than a year.
By the time December 2017 came around, LRC had more than doubled in value to $0.36. The token then surged in value early in 2018 and hit $2.40 in the first half of the month after growth of some 500%. However, LRC couldn’t hold its gains and sank to $0.30 by March.
Things picked up slightly in April 2017, with LRC creeping above $0.95 but, once again, the upwards trajectory wasn’t to last and things started to go downhill for Loopring for the remainder of 2018. Despite the occasional upswing, the token finished the year at $0.05. This price remained more or less consistent across 2019, without much noteworthy movement.
Things remained unremarkable for LRC until summer 2020 saw the token rach $0.10–an increase of 100% on it’s price a year earlier. The token continued to perform well over the next few months, reaching $0.26 in September. By the time 2020 drew to a close, the token had dropped back to $0.17.
It was 2021 when LRC started to see more success. In February, the token soared to $0.83 and remained above $0.60 for much of the first half of the year. There was a market-wide downturn in the summer, which dragged the token to $0.20, but it soon recovered and in November it surged again, reaching its all-time high of $3.75.
Another market-wide downturn struck in January 2022, taking LRC down to about $065. It recovered to $1.25 just two months later but plummeted again in May. At the time of writing, Loopring was worth $0.49 per token.
Loopring Price Predictions For 2025
Now we’ve taken a closer look at Loopring and summarised its previous price movement, we can start to consider how the token may perform in the future. What follows are leading Loopring price predictions for 2025, based on the technical analyses of expert forecast platfroms. However, we should note that these predictions are effectively guesswork–nothing is guaranteed in the world of crypto investing.
Let’s start with DigitalCoinPrice. The platform has made its mid-term Loopring price forecast and clearly believes that LRC will increase in value in the run up to 2025. It has the token reaching an average trading price of $0.65 by the end of 2022, climbing to $0.75 in 2023. This would represent growth of around 50% on today’s price. By the time 2025 rolls around, DigitalCoinPrice believes LRC could have more than doubled in value to $1.10.
Elsewhere, WalletInvestor is also positive about Loopring’s future. It’s technical analysis suggests the token could double in value by the end of 2022, reaching a trading price of $1.10. It then expects Loopring to grow across 2023, reaching an average trading price of $1.79 by the end of the year. Things will continue on an upwards trajectory and by 2025 LRC could reach a potential high in excess of $3.00.
Finally, TradingBeasts is also predicting sustained growth for Loopring. It’s forecast has the token reaching an average of $0.70 by December 2022 and continuing to climb in the opening months of 2023 there is then expected to be a period of cooldown in the latter half of the year. By the time 204 arrives TradingBeasts suggests we could see LRC trading at $0.75 and a year later, in January 2025, the token could reach a potential high just shy of $1.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Looking Further Ahead: Loopring Price Predictions For 2030
As part of this Loopring analysis, we also considered longer term price predictions from key sources. Once again, longer term crypto predictions represent educated guesswork. The market moves quickly and Loopring price predictions for 2023 should be seen as suggestive only. So what are analysts expecting of LRC in the run up to 2030?
DigitalCoinPrice has continued its forecast to the end of the decade and is expecting the growth it predicted as far as 2025 to continue. It’s analysis suggests LRC could be trading at an average of $1.21 by mid-2027. Growth is then expected to continue apace and by the time 2030 comes around, DigitalCoinPrice has predicted that Loopring could be trading at a potential high of $2.40–which would equate to growth of 500% on today’s price.
By far the most optimistic Loopring price prediction for 2030 that we encountered comes from PricePrediction.net. Its data suggests that LRC could soar past $3.50 in 2027 and by mid-2028 the token could be trading as high as $5.27, which would be remarkable growth over the next five years. By 2030, the platform predicts that Loopring could reach a maximum price of $11.29.
As notes above, the cryptocurrency market changes quickly and is notoriously hard to predict–even over relatively short periods. These Loopring price predictions for 2030 should be seen as reflection of current sentiment towards the token and should not in themselves form the basis for any investments.
Don't Miss: Loopring (LCR) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will Ethereum 2.0 Make Layer-2 Solutions Obsolete?
We’ve already discussed how layer-2 scaling solutions like Loopring are designed to take the load off of the Ethereum mainnet and increase scalability. However, most crypto investors will be aware that Ethereum is currently undergoing major upgrades, including the move to a proof-of-stake consensus mechanism as well as several other innovations that will greatly increase its speed and scalability. So will there still be a need for layer-2 scaling solutions?
There are a couple of factors to consider here. Firstly, whilst Ethereum 2.0 will undoubtedly offer much faster and lower-cost transactions, it is also likely that the demand for the platform will continue to grow exponentially. More and more organisations, business and entire industries are now entering into the blockchain world and for most, Ethereum is their first port of call.
Secondly, there is no telling just how fast Ethereum 2.0 will be. Whilst many smartchains boast potential speeds of many thousands of transactions per second, ultimately most of them post much slower speeds when actually put to the test.
Finally, many layer-2 solutions–including Loopring–are already hugely popular and it is hard to see why developers will want to pull their projects off of these networks. The likelihood is they will continue operating through layer-2 solutions, even when the Ethereum upgrades are complete.
To put it simply, Ethereum 2.0 is likely to dramatically improve the network’s performance but it is unlikely to make layer-2 solutions obsolete. And as we have seen, most analysts believe LRCA will continue to grow well after the 2.0 upgrade is expected to complete.
Conclusion: Should You Invest In Loopring?
So that about wraps up our Loopring price prediction for 2025 and 2030. We’ve discussed how the project was set up to provide a scaling solution for Ethereum and taken a closer look at exactly what it brings to the table. Realistically, investors will need to judge for themselves whether there is space for layer-2 scaling solutions in their portfolios.
Loopring definitely brings value to the cryptocurrency space and has already proven popular with developers. Whilst Ethereum 2.0 could affect its uptake, there is every chance that Loopring will continue to prosper over the next few years.
The LRC price forecasts we have looked at universally point to growth and whilst this growth is by no means guaranteed, it certainly bodes well for LRC to have such strong backing. It also suggests that market analysts see a strong future for layer-2 solutions, despite the Ethereum 2.0 upgrades.
Loopring has been pegged for growth over the coming years and, as we have seen, it has the technical innovations to provide a genuine scaling solution for Ethereum. Regardles of future upgrades, there’s every reason to believe Loopring will continue to provide value and, as such, we think it’s definitely worth considering as an investment opportunity.
Where To Invest In Cryptocurrency
Of course, if you want to buy Loopring then you’ll need to find an exchange that lists the token. LRC is pretty widely listed but if you’re in the market for a new provider then we’d definitely recommend eToro.
Not only is eToro one of the most recognisable brands in retail trading, it also offers an award-winning, user-friendly trading platform that’s suitable for both novices and more experienced traders. It also has a competitive fee structure and plenty of learning materials for those new to the cryptocurrency market.
eToro – The Best Platform To Buy Loopring
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Loopring Price Predictions 2025, 2030 - FAQ
What is Loopring?
Loopring is a level-2 scaling solution for Ethereum that uses Zero Knowledge Roll-ups to provide significantly faster transaction rates and at a much lower cost. As such, it has proven extremely popular with DeFi projects looking to utilise Ethereum’s capabilities whilst avoiding congestion and high GAS fees.
What are layer-2 scaling solutions?
Layer-2 scaling solutions are blockchain projects that work on top of others. For example, an Ethereum scaling solution, such as Loopring, can do much of the transaction processing off chain, only sending essential data to the Ethereum mainnet for final validation. This massively reduces congestion and allows for significantly lower transaction costs.
How much will Loopring be worth in 2025?
Cryptocurrency price predictions are often sketchy at best, but we were impressed to find that most Loopring price predictions for 2025 point to growth. Depending on which forecast you look at, the token could be worth anywhere between $1 and $3 by 2025.
Where can I buy Loopring?
If you want to buy Loopring then you’ll need to find an exchange or broker that lists the token. We usually recommend eToro, as its one of the most trusted brands out there and has a very user friendly trading platform. Alongside LRC, eToro also lists several other major cryptocurrencies.
Will Ethereum 2.0 make scaling solutions obsolete?
As the Ethereum 2.0 upgrade continues to be rolled out, many people have doubted the requirement for scaling solutions like Loopring. However, its worth bearing in mind that demand for Ethereum could also increase massively in the coming years. Plus, there’s no telling how fast the new iteration of the smartchain will be. As such, our bet is that layer-2 scaling solutions will be around for a while yet.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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