Loopring (LRC) Crypto: Over 24 hours on Monday, Loopring LRC jumped to 37 percent to $1.84. The Ethereum ETH Layer 2 token has risen by 90.66 per cent.
What is LRC? – LRC is the Ethereum-based cryptocurrency, an open looping protocol designed to build decentralized crypto exchanges.
LRC has a market cap of $1.07 billion, putting it in the sixty-ninth position on CoinMarketCap’s list of the top cryptocurrencies on 8th November.
In January 2018, the LRC token reached its all-time high of $2.59. It was trading 68.69 per cent below that level at the time of publication.
At the time of publication, retail investors were showing a lot of interest in Loopring.
At the time of writing LRC is trading at $1.82 registering a 37% gain in the past 24 hours and over 130% gain in the past week. Loopring’s live market cap is $2,431,327,368 USD. It has a circulating supply of 1,325,130,570 LRC coins and a max. supply of 1,374,513,896 LRC coins.
It is expected that Loopring is yet to hit another all-time high soon after 2018. It will happen to depend on when Game Stop confirms a partnership with LRC.
Why Loopring (LRC) Crypto jump over 37% high?
According to a post on GameStop Due Diligence, a website focused on the corporation, a leak in the Loopring GitHub public repository appears to indicate a probable collaboration contract with GameStop Corporation GME +6.78 percent for a non-fungible marketplace.
But there is no official confirmation about the partnership from either Game Stop or Loopring. Based on the rumor around LRC toke, the traders seem that buy Loopring. As said above, the Github leak shows even more evidence of the partnership.
LRC is available to buy on many exchanges, like Coinbase Pro, Bilaxy. OKEx. Binance, and many others. This isn’t advice for trading or investment. Always do your own research before your investment in Loopring.