Loopring Price Prediction

Last Updated December 1st 2022
20 Min Read

Wondering ‘is Loopring a good investment for 2022?’ You’re in the right place. In this article, we’ll be sharing some of the top Loopring price predictions for 2022 and beyond. 

Loopring Overview

Loopring (LRC) rose extraordinarily as part of the DeFi (decentralised finance) and DEX boom of 2021 and it looks like this trend will continue into 2022 and beyond. But how much could Loopring be worth? That’s the question on every investor’s lips. Before we get down to the nitty-gritty of our Loopring price predictions, let’s recap what LRC is.

LRC Overview

Cryptocurrency Loopring
Ticker Symbol LRC
Rank 86
Price $0.2518987341716593
Price Change 24h 4.87%
Price Change 7d 5.06%
Market cap $335,058,956.40
Circulating Supply 1,330,133,545.526
Trading Volume $29,384,073.07

The crypto market is highly volatile and one good year doesn’t mean we’ll get a second. So, what are Loopring’s prospects?

If you want to buy cryptos quickly and easily, check out the eToro!

LRC — A Coin For Building DEXs

Loopring (LRC) is an ERC-20 token on the Ethereum (ETH) network and also works on the Solana (SOL) blockchain with plans to launch on Neo (NEO) and Qtum (QTUM) in the future.

Loopring has a fixed total supply of 1,373,873,440 LRC and has 18 decimal places (eight on Solana) — this means the smallest amount of Loopring that can exist is 0.000000000000000001 LRC.

Some of Loopring’s rivals include:

  • Uniswap (UNI)
  • PancakeSwap (CAKE)
  • Curve (CRV)
  • 1inch (1INCH)
  • Synthetix (SNX)

What’s The Point Of Loopring?

Loopring understands that while in theory, decentralised exchanges are better, they also have their flaws, and so Loopring’s goal is to create decentralised exchanges with all the benefits of centralised exchanges. They plan to do this by marrying centralised order matching and decentralised settlement on the blockchain.

Some of Loopring’s benefits include:

  • Can settle approximately 2,025 trades per second.
  • Focuses on zkRollups, which reduces transaction data making them more private and faster.
  • Building an NFT (non-fungible token) marketplace.
  • Development is governed partially by the Loopring DAO (decentralised autonomous organisation).

Who Is Behind Loopring?

Loopring (LRC) was launched in 2017 by the Loopring Foundation which was run by Daniel Wang until January 2022. Today, the Loopring Foundation is run by a new CEO, Steve Guo.

Loopring’s team believes that the future of blockchain technology and decentralised exchanges can be found on the Ethereum network and with the utilisation of zkRollups (more on them in a moment).

What Is Loopring Used For?

Its purpose is to aid the creation of DEXs (decentralised exchanges), which are exchanges that operate without a central authority or middleman that collects a fee for securing the trade. Binance and Coinbase, for example, are both centralised cryptocurrency exchanges.

Loopring specialises in zkRollups, or as they are properly known ‘zero-knowledge rollups’. They have two highly beneficial features to cryptocurrencies — reducing the amount of data in a transaction (which improves privacy) and speeding up transactions (because they include less data).

ZkRollups are especially useful because they ‘roll-up’ (or bundle) up to hundreds of transactions off-chain and settle them all in one go on the blockchain. While some dislike moving transactions off-chain, it does dramatically reduce transaction congestion.

Loopring is not the only crypto to specialise in zkRollups, but it is often seen as a leader in the field. Polygon (MATIC), for example, also has a strong focus on zkRollups. zkRollups are a layer 2 solution.

Who Uses Loopring?

Loopring’s layer 2 solutions, such as its zkRollups, are used by a wide range of order books and automated market makers (including both DEXs and centralised exchanges) that operate on top of the Ethereum blockchain. According to Etherscan, 125,376 users hold the LRC token.

Technical Analysis Of Loopring’s (LRC) Price Movements

Loopring was first available to investors through an ICO (initial coin offering) which took place from the 1st to the 16th of August 2017. LRC was sold at $0.06 per coin.

By the end of the month, on the 31st of August 2017, the price of Loopring was being tracked by CoinMarketCap, which recorded its first price of $0.1333. A few years later, on the 18th of 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. Loopring’s 52-week low is $0.1747.

Loopring Price Chart

Loopring price chart

Loopring LRC/USD price chart. Source: Coinmarketcap

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Expert’s Take On Loopring Price Predictions

Both long- and short-term Loopring price predictions are looking fairly good.

Trading Beasts: “according to our forecasts, the Loopring price is going to increase. Now the Loopring price is $0.8394650, but by the end of 2023, the average Loopring price is expected to be $0.9347883”.

WalletInvestor: “Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-03-13 is 4.757 US Dollars. With a 5-year investment, the revenue is expected to be around +459.65%. Your current $100 investment may be up to $559.65 in 2027”.

DigitalCoinPrice: “In December 2030: The price of Loopring is predicted to reach a minimum worth of $3.72 in 2030 and a maximum level of $3.92. The average includes the average trading price of $3.74 throughout 2030”.

Coinskid: “Our Forecast System predicts that Loopring could possibly increase in value in the short term by +2% to $0.8669 from $0.8477. The system forecasts a +4% move from $0.8477 to $0.8817 over the next month, Loopring has a price prediction of $2.40 in over a [years’] time”.

Price Prediction: “The price of 1 Loopring is expected to reach at a minimum level of $3.01 in 2025. The LRC price can reach a maximum level of $3.48 with the average price of $3.11 throughout 2025”.

Gov Capital: “Future price of the asset is predicted at $1.5018402198307 (68.179% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $168.179 on 2023 March 21, Tuesday”.

ICOcreed: “The price of Loopring is expected to reach [a] minimum value of $17.12 in 2030. The Loopring price could reach a maximum value of $20.99 with the average trading price of $17.74 throughout 2030”.

CryptoGround: “As per the forecast and algorithmic analysis, [the] price of 1 Loopring (LRC) will be around $3.8203 in 2027”.

CoinPedia (2022): “With a clear breakout at $0.75, the bulls propelled the price close to $1. Its price action for the next two fully depends on market sentiments and especially its effectuality in its collaborations and upgrades. On an extremely bullish note, the LRC price would rise up to $2.07 by Q1. If negative sentiments continue to prevail then the price could end up trading at $0.8647”.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Loopring (LRC) Price Prediction And Forecasts

As a long-term investment, it projects that Loopring could perform very well. According to its predictions, the value of the Loopring (LCR) token could rise to $2.40 by the end of 2022, rising to $4.36 by the end of 2023 and $9.16 by the end of 2025.  Loopring coin will then rise to $17.42 in 2027, and $30.28 in 2030, as per price forecast.

Our Loopring price predictions for the rest of the decade rely on several key factors. Here are a few:

Bitcoin (BTC) was very influential in Loopring’s 2017/18 bull run, the lows that followed, and the highs it hit in 2021.

As Bitcoin almost reached $20,000 in 2017, Loopring followed to reach its then all-time high of $2.59 on the 9th of January 2018. After reaching these highs, Loopring followed Bitcoin to hit new lows for the rest of 2018 and 2019 and began to pick up again in late 2020 and 2021 to where it is today.

This is not too surprising as the price of Bitcoin affects most altcoins as it makes up for roughly 40% of the entire crypto market cap.

Loopring also increased 101.06% in over seven days in November 2021 following the news that it would be building an NFT marketplace for GameStop. Forging partnerships with companies like GameStop could mean further usage of the LRC token which means there will be more demand for the token.

Furthermore, given the hype around GameStop in 2021, such news likely led to a buying frenzy among retail investors. Though it was later revealed that Loopring would not be working with GameStop, it showed investors how such a partnership could affect Loopring’s price. Similar news in the future could result in further demand for the token. 

If you’re wondering ‘is Loopring a good buy right now’, read on. We’ve put together a selection of Loopring price predictions for 2022-2030 to help you decide whether it’s a smart addition to your portfolio.

Loopring (LRC) Price Prediction 2022

Increased interest in Loopring’s zkRollup technology will see many more traders buy up LRC in 2022. After successfully rallying up to the $2 level, LRC will achieve a yearly high of $2.40 and then max out the year at an average of $1.94, as per our 2022 Loopring price prediction. The lowest predicted price for Loopring in 2022 is $0.58.

Loopring (LRC) Price Prediction 2023

2023 will see more DEXs on the Ethereum network adopt Loopring’s technology, increasing its contribution to the DeFi market. Starting 2023, our Loopring price prediction anticipates an end of year average of $3.19. The maximum Loopring price prediction for 2023 is $4.36 and the minimum is $2.03.

Loopring (LRC) Price Prediction 2024

Favourable crypto and DeFi regulation in 2024 will see traders put more money into DeFi-related protocols. For 2024, the top Loopring price prediction is $6.55 and the lowest is $3.87. Loopring will secure an average price of $4.91 and end 2024 at $6.10.

Loopring (LRC) Price Prediction 2025

Bringing its operations to more blockchains outside Ethereum will further increase the desirability of Loopring in 2025. In 2025, Loopring has an average target of $7.06, a high estimate of $9.16, and a low estimate of $5.12. Ending 2025 at $8.85, Loopring will have increased 131% above its current all-time high, as per our 2025 Loopring price prediction.

Loopring (LRC) Price Prediction 2026

With the DeFi market bludgeoning to new highs in 2026, Loopring will follow suit. Loopring will end 2026 at $9.24 after hitting a new high of $12.14 and cementing an average price of $10.52. The lowest price Loopring will be worth in 2026 is $7.19, according to our Loopring price prediction.

Loopring (LRC) Price Prediction 2027

Enhancing their zkRollup technology in 2027 will see further demand for Loopring, even beyond the DeFi sector. The median price of Loopring will be $15.67 in 2027 as LRC hits a new all-time high of $17.42 and refuses to decline lower than $10.29. According to the 2027 Loopring price prediction, LRC will end the year at $16.13.

Loopring (LRC) Price Prediction 2028

2028 will be the year institutional investors appreciate Loopring’s excellent performance over the last 10 years and buy up large chunks of LRC. The LRC price is expected to reach a maximum level of $21.93 at the end of 2028, an average of $18.31 and a yearly low of $13.40, as per our 2028 Loopring price prediction.

Loopring (LRC) Price Prediction 2029

With the crypto market slowly being swallowed by traditional finance in 2029, Loopring may find applications for its technology beyond cryptocurrency trading. Trading between a low of $19.78 and an average of $23.09 for much of 2029, Loopring will achieve an all-time high of $26.71 towards the end of the year, before closing 2029 at $25.45, according to our Loopring price prediction.

Loopring (LRC) Price Prediction 2030

Becoming a top player in NFTs and other areas of the crypto market will see Loopring become one of the most well-known cryptocurrencies by 2030. Loopring will start 2030 at $25.55 and end the year with an average price of $28.90. Loopring will hit an amazing price of $30.28 at the very highest and $24.88 at the lowest. The highest price would mean a 3,552.59% increase since 2022.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: What Could Loopring Be Worth?

To summarise, Loopring price predictions strongly suggest a major rise is on the way over the next several years. Despite this, investors should remain vigilant — no investment is perfect and there are plenty of things that can go wrong.

Like the rest of the crypto market, Loopring could run into issues with regulators in the coming years as crypto regulation becomes more formed. Most likely, regulation will not directly affect Loopring, but if it hits the DeFi sector or Ethereum hard, it could be a massive blow to LRC.

If the DeFi sector has to close up shop and Ethereum finds regulation too crippling, Loopring would have to find an entirely new purpose.

Is Now A Good Time To Invest In Loopring? 

The general consensus is that now is a good time to invest in Loopring. The growth predicted for the next few years means that investors could potentially benefit from soaring crypto prices in the future.

What Will Happen Loopring (LRC) Crypto In 2022?

2022 will be a wonderful year for Loopring as the price will handsomely appreciate to levels back above $2 per LRC token. Loopring will not sink lower than $0.58, and it will end the year at $1.94.

Will Loopring (LRC) Rise In 2022?

According to our Loopring price prediction for 2022, yes, the price of Loopring will go up, and it can even hit a yearly high of $2.40. Loopring will likely not hit a new all-time high.

What Will Happen To Loopring (LRC) In 2025?

By the year 2025, our Loopring price prediction states that LRC will appreciate well above its current all-time high. In fact, Loopring is estimated to be worth between $5 and $9 for the entirety of the year, securing an average of $7.

Will The Price Of Loopring (LRC) Increase In 2025?

Most definitely the price of Loopring will go up in 2025. The price of Loopring is estimated to hit a new all-time high of $9.16 in 2025.

Can Loopring (LRC) Hit $5?

Yes, as per Loopring Forecast, prices can hit the $5 mark in 2024. Currently, it holds the potential for a significant bullish run in the next seven years based on technical outlook. Higher highs are expected later in the decade.

Will Loopring (LRC) Reach $100?

Loopring will not reach $100 before 2030, which is where our price prediction ends. $100 per Loopring could happen between 2030 and 2040 if we follow our Loopring price forecast model.

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.

FAQs

Will Loopring Go Up?

According to many experts, Loopring will rise in values in the coming years. It is forecasted that Loopring coin will reach $2.39 by the end of 2022 and then rise to $7.52 by the end of 2025. Our forecast also shows that Loopring can reach $25.70 by the end of 2030. 

Is Loopring a good buy?

According to the majority of crypto forecasts and the short and long-term prediction, Loopring crypto asset is potentially a good buy. Most analysts agree that it’s not a coin to buy in order to make a quick return. Some believe the asset could hit a new ATH within the next five years, while others simply believe it will steadily gain value over time. Investing in Loopring can be a great long-term position as the price is universally expected to increase in the future.  

How Much Loopring Is There?

Loopring has a maximum supply of 1,374,513,896 LRC tokens. So far, almost all tokens that can exist are in circulation.

What Is Loopring Used For?

Loopring aids the creation of DEXs (decentralised exchanges) by providing software with all the benefits of centralised exchanges.    

What Is The Future Of Loopring?

Loopring’s future looks very promising with most price forecasters expecting it to increase exponentially for the remainder of the decade. By 2025 it could reach $30.69 and by 2030 it could reach $70.32.    

Should I Sell Loopring?

While selling Loopring now could be very profitable for a quick, short-term profit, according to price forecasters, Loopring will do much better in the long term. This means you could make a much larger profit if you hold onto the token for the next five to ten years at least.    

How Much Did Loopring Raise In Its ICO?

According to ICO Rating, Loopring raised approximately $45,000,000 in its 2017 ICO.

Is Loopring A Good Investment?

Since launching in 2017, Loopring has increased from an ultra-low ICO price of $0.06 to an astonishing all-time high of $3.83, which clearly indicates that it is a good investment. CoinMarketCap states that LRC has an ROI of 1,596.39% since it has been tracking its price.

When Will Loopring Take Off?

It’s difficult to say when exactly Loopring will take off, though our Loopring price predictions do suggest a new all-time high by 2023. By this point, Loopring will gain some serious momentum that could last for the rest of the decade.

What Price Could Loopring Reach?

Here are the top prices Loopring could reach from 2022 to 2030:

  • 2022: $2.40
  • 2023: $4.36
  • 2024: $6.55
  • 2025: $9.16
  • 2026: $12.14
  • 2027: $17.42
  • 2028: $21.93
  • 2029: $26.71
  • 2030: $30.28

What Is Loopring’s Price Prediction For The Next Bull Run?

Pinpointing the next bull run is a tall order, however, with Loopring’s growing popularity, we could see it enter a bull run by 2023, where it could reach a record price of $4.36. Loopring could then hit $10 by 2026 and $30 by 2030, as per our Loopring price prediction.

What Is The Loopring Price Prediction For 2040?

Continuing our Loopring price prediction to 2040, LRC could pursue a high between $100 and $150 per token at the highest.

Read More:

9 Promising Cryptocurrencies To Invest In 2022

Top 10 NFT Cryptos To Explode In 2022

7 Best New Cryptocurrencies To Buy In 2022

The 10 Most Profitable Cryptocurrencies To Buy In 2022

Exclusive: Get The Latest Crypto Price Predictions Direct To Your Inbox Now!

What you’ll get: Weekly updates on the latest and trending Cryptocurrencies along with exclusive insights and information on the hottest Crypto Trends.