Loopring is one of the projects that have made serious positive impacts on the DeFi space. As Ethereum’s first zkRollup Layer 2 protocol, the project offers practical solutions to the inadequacies of both centralized and decentralized exchanges. The Loopring token (LRC), therefore, presents attractive investment opportunities.
In this article, you will get a comprehensive Loopring (LRC) price prediction guide. We’ll start with LRC price analysis, covering technical and fundamental analyses, and then proceed to short-term and long-term LRC price forecast(s). We’ll also discuss what Loopring is and what it is used for, as well as the factors that influence LRC price movements.
Loopring Price Prediction Summary
- End of 2024: Judging from its price history and the state of the wider cryptocurrency market, it is rational to expect Loopring token to rise substantially this year. Based on our LRC price forecast, the token could reach a maximum price of $0.978 by the end of 2024.
- End of 2025: Loopring may not be in the category of trending coins but it is one of the most valuable assets in the DeFi space. Thanks to the inherent qualities of the Loopring protocol, the LRC token will gain in 2025 and potentially reach a maximum price of $1.725 before year-end.
- End of 2027: As the cryptocurrency landscape continues to evolve, projects like Loopring will become more attractive. We estimate that the Loopring ecosystem will attract several users and investors that could sustain upward price movement. Therefore, LRC high price target for 2027 is $4.527 per token.
- End of 2030: Loopring’s long-term price prospect is bright. The project offers an excellent gateway to the worlds of DeFi, NFTs and more. It is also great for developers building payment gateways, non-custodial exchanges and similar products. Therefore, our LRC price forecast for 2030 is a high price of $6.819 per token.
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Analyzing Loopring (LRC) Price History
Loopring was created by Daniel Wang, a Chinese software engineer and entrepreneur. Before founding Loopring, he held multiple managerial and executive positions at top tech companies, including Google, JD.com, and Boston Scientific. He had also co-founded several other companies before assuming his current role as CEO of Loopring Foundation.
Loopring tokens (LRC) were first made available to the public during an ICO in August 2017. According to Cryptorank data, the ICO price was $0.067 per token. The coin started trading on major cryptocurrency exchanges about two months later. According to coingecko data, the initial price of the coin on October 30, 2017, was $0.161135 per token.
LRC token rose sharply after debuting on major exchanges. By December 31, 2017, the price was $0.483939. It dropped in the first few months of 2018, reaching $0.29 in mid-March. After a period of uncertainty and volatility, it dropped to another low point of $0.036 by December 2018.
Throughout 2019, LRC price remained low due to the fact that the mainnet wasn’t launched yet. The mainnet eventually launched on the Ethereum blockchain in December 2019, at which time the token was priced in the region of $0.022. 2020 was a significantly better year as the token price rose to around $0.2468.
Like many top altcoins, LRC picked up momentum in early 2021 as the crypto scene started a major bull market. By February 18, 2021, the Loopring token had reached $0.756764. Of course, the token price fluctuated wildly, recording a low price of $0.256 in early August and bouncing back to around $0.4145 in late October.
According to coinmarketcap data, LRC reached its all-time high price of $3.83 on November 10, 2021. This was during the peak of the bull season. By December 7, it had dropped to around $2.48 per token.
LRC Price History – Post-ATH
As the rest of the crypto market regressed, Loopring token price dropped too. By January 14, 2022, it traded for $1.50 and by February 6, it had dropped to $0.962402. It is important to note here that LRC price decline was slower than that of many cryptos in 2022. As of May 2, the price was still in the region of $0.746164.
Loopring token price dropped to as low as $0.2665 on November 2, 2022. By January 3, 2023, it reached a new low of $0.1925 but quickly rebounded to around $0.28 in two weeks. By February 10, it had recovered to around $0.33406. It remained within that range till mid-May.
After dropping to another low price point of $0.177394 in late September 2023, LRC price has witnessed a resurgence. As the wider market improved towards the end of 2023, LRC gained. It eventually reached $0.33 on December 30, 2023. In 2024, it had fluctuated mildly, ranging from $0.23 to $0.34.
Key Points in Loopring (LRC) Price History
- Loopring was created by Daniel Wang, an experienced Chinese software engineer and serial entrepreneur
- The Loopring token became available to the public through an ICO in August 2017, and the ICO price was $0.067 per token
- When it debuted on major cryptocurrency exchanges, LRC initial price was in the region of $0.161135 per token
- After experiencing rapid growth due to its value proposition, LRC price dropped in 2018 and remained low as the mainnet didn’t launch until December 2019
- After its mainnet launch in December 2019, Loopring token price started gaining again
- LRC had a decent year in 2020, gaining marginally but staying ahead of many altcoins
- As 2021 started on a positive note for the crypto market, LRC performed really well, fluctuating, yet rising throughout the year
- According to coinmarketcap, Loopring token reached its all-time high value of $3.83 on November 10, 2021
- LRC price dropped in 2022 and 2023, but not to the same degree as many altcoins
- After reaching another low price point in September 2023, Loopring token is picking up again
Loopring Price Prediction 2024
As hinted in the previous section, Loopring appears to be picking up once again. A close look at the LRC price chart shows that LRC started gaining sometime in October last year. There is a tendency that this is just the beginning of another good run.
One of the important things to know at this point is that Loopring behaves like most other crypto assets. Over the years, we’ve observed that cryptocurrencies tend to boom at the same time and decline at approximately the same time too. Just like in the wider world of investing, the seasons are described as bull and bear seasons.
From all indications, we’ve entered another bull season in the crypto world. So, we can attribute the recent positive movement in LRC price to the general condition of the market. It is an open secret that Bitcoin halving triggers a bull market, and the next one is scheduled for April, which is just two months ago.
If we are to rely on LRC price history and the characteristic nature of the crypto market, then it is rational to have a positive Loopring price outlook for 2024. Obviously, a bull market is underway and prices of most assets, including LRC, will gain significantly in the months to come.
There are other factors that could also contribute to LRC price growth in 2024. Investors are clearly becoming optimistic, meaning there will be an inflow of capital to the market. Considering Loopring’s history, it is safe to assume that it will be one of the prime beneficiaries of increased investment inflow.
Based on the factors raised above, our LRC price prognosis for 2024 is definitely bullish. Meaningful growth is inevitable. As per our actual LRC price forecast, we estimate a maximum price of $0.978 per token.
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Loopring Price Prediction 2025
In the introductory part of this Loopring price prediction guide, we clearly stated that the project has made a positive impact on the DeFi space. Prior to the creation of the protocol, the downsides of centralized exchanges and decentralized exchanges were biting hard on market participants. Loopring entered with an innovative solution that addressed several of these issues.
One of the ways Loopring makes the DeFi sector better is that it combines centralized order matching with decentralized on-chain order settlement. This hybridized approach to decentralized finance takes the best from both worlds and offers users an overall improved experience.
Loopring’s outstanding qualities were recognized in the early days. This was one of the major reasons LRC performed well once it became available on crypto exchanges, despite the fact that the Loopring mainnet wasn’t yet launched. Knowledgeable market participants understand these qualities and will continue to back Loopring to succeed.
As the crypto market continues to improve, Loopring will remain relevant to a lot of DeFi users. This also implies that its token will remain valuable in the eyes of users, regular traders and investors. Therefore, it will be able to retain value even when overall market growth slows down.
In 2025, the market will most likely remain bullish. Even if growth slows down, valuable projects like Looprings will continue to attract confident backers. In extension, its token, LRC, will continue to enjoy the goodwill of token holders.
As per our Loopring price prediction for 2025, we expect an overall good performance. Regardless of how the wider market performs, LRC will likely remain among the top performers. Throughout the year, we expect that the maximum price could be in the region of $1.725 per token.
Loopring Price Prediction 2027
To determine how well LRC price could grow by 2027, it is important to take a broader view of the crypto market and recognize the changes that could exert a significant impact. In the past few years, the cryptocurrency sector has had several challenges and recorded several wins.
Feeling concerned about losses within the evolving market, many countries and regulatory authorities have cracked down on several crypto companies and establishments. After an extended legal battle, Ripple Labs secured a landmark ruling against the SEC. Regardless, the regulatory body is still after a number of cryptocurrency establishments.
In another development that could be categorized as a big win for the crypto space, the same SEC approved Spot Bitcoin Exchange Traded Funds (ETFs) in January 2024. Many analysts posit that this marks the inevitable recognition of cryptocurrency as the future of money and finance.
It is obvious that the crypto landscape will continue to change in the future. It is also becoming clearer to governments and regulatory agencies that it is impossible to restrict the growth and acceptance of cryptocurrency transactions across the world. Digital assets, like Loopring tokens, have come to stay. It is also safe to postulate that their futures will be bright.
Going into 2027, it is possible that LRC price growth will slow down. It is also possible that the price will even drop sometime in 2026 and early 2027. But it is more likely that the price will improve as 2027 progresses.
Based on our analyses, Loopring token price in 2027 could change positively. As per our actual LRC price prediction for the year, a high price target of $4.527 per token is a possibility.
Loopring Price Prediction 2030
Loopring’s impact on the DeFi sector cannot be overemphasized. The project is rightly perceived as a gateway to Ethereum and decentralized finance. According to Loopring official website, it is “your gateway to Ethereum, DeFi, NFTs, and Financial Freedom”.
Since entering the dynamic Ethereum ecosystem, Loopring has changed so many things in a positive way. In addition to bringing together the best of centralized and decentralized exchanges, it has proven to be faster, cheaper, and more secure than most other DeFi protocols. Therefore, we can categorically state that LRC is one of the best DeFi tokens to buy.
Over the years, Looping has also demonstrated that it is an innovative protocol. It will continue to improve to give users the best possible experience in terms of scalability, liquidity, security and more. It is focused on offering an excellent all-round experience and we anticipate it will continue to attract users.
Considering the number of helpful products Loopring has introduced in the past couple of years, we anticipate that it will do a lot better in the years to come. If this is the case, then the Loopring ecosystem is set for massive growth. This also means LRC can be counted among the next big cryptocurrencies with high growth potential.
Based on the factors we’ve considered and other things that could bring significant growth to the DeFi sector, our Loopring price forecast for 2030 is impressively positive. We estimate that the token could be worth as high as $6.819 before the end of 2030.
Loopring Price Prediction 2040
To get a clear picture of where Loopring could go in 2040 we need to consider how the entire crypto sector could be transformed in the next 16 years. In just 15 years, the blockchain industry has developed so well that it is applicable to almost all sectors. We also need to remember that the earlier days are always the toughest.
Before 2040, it is generally estimated that crypto will go mainstream. Decentralized finance is also expected to replace traditional finance to a great extent. Many establishments will either adapt or face extinction. Projects like Loopring will most likely improve tremendously.
At the moment, Loopring’s qualities and features make it one of the best platforms for building scalable payment apps, non-custodial exchanges, and NFT marketplaces on Ethereum. It gives willing developers the best tools to create innovative DeFi products with ease. Therefore, it is prime for unprecedented expansion.
Loopring looks very much like one of the best cryptos for long-term investment. Its use cases will most likely increase significantly when developers take advantage of all it offers. The ecosystem is also going to receive a lot of new users. In the process, investors’ confidence will improve.
We also need to consider the fact that Loopring was founded by a knowledgeable and experienced individual. Wang has been able to steer the Loopring Foundation in the right direction for years and may perform better in the future. Even if he leaves, the Foundation can attract the best brains and the right collaborators and investors.
Based on all we’ve considered, we expect LRC price in 2040 to be substantially higher than what it is today. Our long-term Loopring price prediction projects that the token could reach a maximum value of $11.671 before the end of 2040.
Potential Highs and Lows of Loopring Price
Like most crypto assets, Loopring has shown signs of high volatility in the past. This implies that LRC price could move either way in the future. To help you have an idea of the potential price ranges in the future, we’ll tabulate its potential high and low prices for the years under consideration:
| Year | Potential High | Potential Low |
| 2024 | $0.978 | $0.247 |
| 2025 | $1.725 | $1.146 |
| 2027 | $4.527 | $3.021 |
| 2030 | $6.819 | $5.373 |
| 2040 | $11.671 | $9.622 |
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Expert Opinions – What Other Analysts Predict for LRC Price
While our Looring (LRC) price predictions are based on well-researched information and algorithmic-based analyses, we understand that readers may want to consult other sources before making a decision. To help you further, we’ll sample the opinions of other experts providing Loopring price forecast(s) for other crypto online publications:
“As per our price forecast, the price of Loopring can hit an average price level of the $0.84 mark by 2024. The year can end with a maximum price of $0.91 if there is a bullish event. However, if there is any bearish environment in the market the minimum price level of Loopring can be around $0.76.”
telegaon.com
“Loopring’s price for 2025 according to our analysis should range between $0.42 to $0.64 and the average price of LRC should be around $0.53.”
ambcrypto.com
“Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there will be a dip before LRP actually surges, as such we could expect LRC to trade at around $1.0938 by the end of 2027.”
coinedition.com
“Our prediction for 2030 suggests that Loopring could reach a maximum price value of $3.28, reflecting the positive trajectory it might experience. By the end of the year 2030, we predict an average trading price of $2.86 for LRC, with $2.78 as minimum expected price.”
cryptodisrupt.com
“Looking further ahead to 2040, the LRC token is predicted to reach an impressive price of $8.142. By this time, Loopring may have established itself as a key player in DeFi sector and achieved widespread adoption. The token’s value may also be influenced by macroeconomic factors and the overall growth of the crypto market.”
simpleswap.io
What is Loopring and What is it Used For?
We can describe Loopring as an Ethereum zkRollup solution that utilizes both on-chain and off-chain processes to deliver faster DeFi transaction validations and cheaper transaction fees. It is an advanced Layer2 (L2) protocol that also enables the building of decentralized cryptocurrency exchanges.
One of the things that make Loopring unique is that it harnesses the best of centralized and decentralized cryptocurrency exchanges. Its hybridized approach overcomes the inadequacies of both types of exchange.
After undergoing a series of developments, Loopring can now be more accurately described as a DeFi ecosystem with multiple functionalities. The Loopring smart wallet is one of Ethereum’s most secure wallets, offering advanced trading functionality and innovative earn products. The ecosystem also serves as a DEX (decentralized exchange) and NFT management hub.
Loopring is also a functional hub where developers can build scalable payment apps, non-custodial exchanges, NFT marketplaces and more. Its use cases are continually expanding.
Of course, there is also the Loopring token (LRC), which is the digital asset this article is focused on. It is an Ethereum-based crypto token that serves as virtual currency. LRC can be used within and outside the Ethereum ecosystem. It can be used to settle transactions and can also be bought and sold as an investment instrument. This LRC price prediction guide is valuable because crypto enthusiasts trade the asset for profits.
What Influences the Price of Loopring Tokens (LRC)?
As demonstrated throughout this article, LRC is a volatile asset. Like other crypto assets, it responds to the forces of demand and supply. When demand for the coin rises, the price follows suit. In the same vein, increased supply often results in price decline.
The state of the wider crypto market also affects LRC price. It gains during a bull market and declines when the market turns bearish. Investors’ sentiment is another factor that determines price movement. When investors are optimistic, they will buy more and the price will rise. Conversely, prices will drop when investors and traders and pessimistic and decide to sell more.
Crypto adoption is another factor that can influence Loopring token price. As the Loopring ecosystem expands and more users adopt the asset, its price often respond positively. Positive developments and announcements from the Loopring ecosystem also bring about positive price growth.
Is Loopring a Buy?
Based on what we’ve covered in this Loopring price prediction guide, LRC appears like a good buy. The token has shown in the past that it can gain significant value quickly. At its highest price point, the ROI (return on investment) was +5,544%. Even at its current low price, the ROI to the ICO price is still a solid +236.1%.
Our LRC price forecast(s) also indicates that the token will gain value in the future. In fact, Loopring token could be on the verge of another exponential growth. It is currently one of the most undervalued to buy for bigger profits in the future.
Loopring Price Prediction – Conclusion
From all we’ve covered, Loopring token looks like a solid Ethereum-based token to add to your portfolio. Considering the price at the time of writing this piece, it is one of the undervalued cryptos that could yield meaningful profits in the future.
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Related:
References
- https://cryptorank.io/ico/loopring
- https://www.coingecko.com/en/coins/loopring
- https://coinmarketcap.com/currencies/loopring/
- https://blockworks.co/news/bitcoin-halvings-bull-market
- https://www.everand.com/podcast/462146904/Daniel-Wang-Loopring-A-Scalable-DEX-Protocol-Using-ZK-Rollups-Loopring-is-a-non-custodial-DEX-protocol-that-achieves-high-throughput-trading-by-le
- https://www.reuters.com/legal/us-judge-says-sec-lawsuit-vs-ripple-labs-can-proceed-trial-some-claims-2023-07-13/
- https://www.forbes.com/sites/dereksaul/2024/01/10/sec-approves-spot-bitcoin-etfs-first-crypto-funds-of-kind/?sh=73d25eea417a
- https://navigate.visa.com/na/money-movement/crypto-currency-the-real-opportunity/
- https://wallet.loopring.io/
FAQs
What was the highest-ever price of Loopring token?
As of the time of writing, Loopring tokens’ highest price ever was $3.83. This ATH value was recorded on November 10, 2021, at the peak of the last major crypto bull market.
Will Loopring (LRC) go up?
LRC price has improved in recent times, and it is projected to rise further in the coming months. LRC, among other top altcoins, is expected to go up in 2024. A bull market is underway and coins are projected to gain significantly.
What is Loopring price prediction for 2025?
Based on our analyses, Loopring price prediction for 2025 is a maximum price of $1.725 per token.
What will Loopring (LRC) be worth in 2027?
If events unfold as we anticipate, then LRC will be able to reach our high price target of $4.527 before the end of 2027.
What is Loopring token price forecast for 2030?
Depending on several factors, including the overall condition of the crypto market, Loopring token could reach a maximum price of $6.819 before the end of 2030.
How much will LRC be worth in 2040?
Based on our long-term Loopring price forecast, the token could reach a maximum price of $11.671 by the end of 2040.
Will LRC reach $1 this year?
It is possible that LRC price will reach the $1 mark this year 2024. If it fails to reach this height, it will likely get to that level next year.
Is this a good time to buy Loopring token?
Yes, this looks like a really good time to buy LRC. The token is still trading at a low price and could rise substantially in the near future.
Is LRC a good investment?
Judging from its price history and our price forecast(s), LRC is a good investment. It rewarded early investors handsomely and can still yield significant profits in the future.