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While the current competitors of Loopring (LRC) are rallying, it has just recovered from the losses of this year. Has this altcoin been forgotten and left behind? In our Loopring price prediction article, we look at what experts say about LRC’s prospects and give price targets for up to ten years ahead.
All Loopring Price Predictions 2024–2034
- There is a considerable difference between moderate and bullish Loopring price predictions, suggesting a lack of consensus on its future, especially long-term;
- Moderate LRC predictions do not expect it to rise above $1 even in ten years because of its underwhelming track record;
- Bullish aggregate Loopring price prediction, though, expects LRC price to set a new record as soon as 2025.
What are Loopring and LRC?
Loopring is an Ethereum Layer-2 protocol first and a DEX platform second. It was launched in 2017 after an ICO and for a while was hosting order book-based non-custodial DEXs. Due to the technology of Loopring, eventually, the developers realized that it could double as an L2 protocol for faster and cheaper Ethereum transfers.
It is possible because Loopring uses zero-knowledge rollups to batch and verify transactions. ZK-rollups store some of the transaction data off-chain as a Merkle tree. A batch of transactions gets processed, and as proof to record on the layer-one blockchain, it generates a zero-knowledge proof of validity.
As a bonus, not only can you transfer funds gas-free when you top up your Loopring wallet but also trade them for other digital assets. Loopring’s ring orders can include up to 16 trades and are executed like an atomic swap. What else can it do? You can find it in our Beginner’s Guide to Loopring.
Loopring Price History
LRC Price in 2017–2020
The LRC tokens were released as soon as the 2017 ICO was concluded in August. For reference, the approximate price of a single LRC was $0.067 per token. During the sale, 50% of the total supply was sold to the public and institutional investors such as Xinghe Capital, NEO Council, and Qtum.
Loopring tokens were released just before the peak of the Bitcoin bull run in late 2017. At its highest, LRC was worth $1.7228. Afterward, it briefly attempted to recover from a sharp decline in May 2018 but barely reached a dollar. The closing price for LRC in 2018 was only $0.04.
For the most of 2019, LRC was changing hands in a range between $0.09 and $0.02. This sideways trend persisted well into 2020 but in the second half of the year, LRC’s price action picked up the pace. As a result, by the 2020’s end, it was trading closer to $0.74.
LRC Price in 2021–2024
What happened in 2021? Long story short, a new cycle in the crypto market got kicked off by Bitcoin halving. This time around, the total crypto market capitalization almost reached 3 trillion dollars at the highest point, and LRC gained from it, too. In the first leg up, from March to April, the price of LRC reached $0.75 but it really took off in the second one. The Loopring token price reached an all-time high of $3.83 on November 10, 2021.
“What goes up must come down” was the most apt description for the crypto market in 2022. Over the course of that year, LRC shed more than 90% of its value from the ATH with occasional bounces. They correspond to the news about Loopring’s collaboration with GameStop, a gaming-centered retail chain that dabbled into crypto as a part of its revival campaign.
2023 was off to a good start with LRC gaining 85% in January but the brief rally stumbled and turned into a red candle spree since April. From its lowest of $0.1599 in October, it started a recovery which saw it almost double by the opening of 2024.
Likewise, early 2024 was a bullish time for the crypto market at large and for the Loopring market as well. The market sentiment launched LRC prices to the yearly high of $0.5527 by March. The subsequent correction was exacerbated by the official Loopring smart wallet breach that resulted in a $5 million loss.
Due to shrinking trading volumes, LRC struggled to initiate a meaningful recovery until the crypto market surge caused by Donald Trump’s presidential victory. In a month, it gained 102% and today, the current Loopring price is $0.2351. Loopring (LRC) ranks 234th by market capitalization (according to CoinMarketCap).
Loopring (LRC) Fundamental Analysis. What Influences Its Price?
Ethereum Scaling
Currently, Loopring is described as a Layer-2 for Ethereum. Users are encouraged to use it for gas-free quick transfers of ETH and tokens. Even after the Merge, this use case is still relevant because even though Ethereum became more energy-efficient with proof-of-stake, L1 scaling through sharding is a long way to go.
Do you need to use L2s now? According to Bitinfocharts, a median transaction fee today is 0.00044 ETH or $1.54. Since 2020, Ethereum has processed around a million transactions daily, on the same level as the peak of the bull run of 2018.
This data points to the lack of serious congestion in Ethereum at the moment. However, if you make a lot of transfers, one-dollar fees can quickly add up to a hefty sum, so using an L2 for gas-free transfers is optimal.
Loopring’s L2 transaction fees cost 27 cents per transfer on average (according to Loopring L2 Explorer). How quick they are is another question, considering the current block times of around 1–1.5 hours. In other words, while Loopring’s L2 certainly works, it sees significantly less practical use than its competitors.
Narrative Shift
LRC managed to come back into the limelight once because of the roll-up technology trend. Even in that category, Loopring has been undervalued. In early 2023 in particular, Twitter (now X) and the crypto media shifted the narrative toward zero-knowledge technology and rollups.
How does Loopring play into this? First of all, purely by association, and in addition, thanks to the potential of zero-knowledge cryptography to improve privacy on Ethereum. This has become especially topical after the Dencun upgrade in Ethereum, which improved data availability and made it possible for ZK-rollups to compete with L2s of optimistic variety.
However, the competition has become fierce even in this novel field very quickly, and it does not seem Loopring took first-mover advantage. Today, it has to outperform Scroll, zkSync Era, Metis, and many other projects that utilize ZK-proofs to scale Ethereum.
Alternatively, the Loopring developers can do it again and find another trend to follow. Multi-networks and Layer 3 are even more recent developments in the DeFi sphere, and Loopring DeFi is a product that aims to capture exactly this offering.
Ecosystem Developments
In 2022, the news about GameStop launching a wallet on Loopring and testing it for their NFT marketplace moved the LRC price on several occasions. It wouldn’t be a surprise to anyone if we said the Loopring news keeps on coming.
A virtual experience developer Protocol: Gemini chose Loopring because of Ethereum-grade security at a fraction of the cost to trial counterfactual NFTs. These assets are non-fungible tokens that are minted first on Loopring and deployed on the main chain later.
With the integration into Taiko multi-chain, Loopring’s existing products, such as LoopExchange, became available not only on Ethereum.
Loopring Technical Analysis and Forecast
User EuroMotif on TradingView suggests keeping an eye on Loopring (LRC) in the near future:
LRC is an alt that has NOT run yet but might go quite soon.
Now testing a Golden Genesis fib that will be hard to break.
Looking for a Break-and-Retest entry with SL just below fib.
Loopring Price Prediction 2024
Outlet CryptoNewsZ remains bullish on LRC for the remainder of 2024. By the end of this year, it can hit $0.219 but also warn that Loopring can go lower to $0.112.
CCN shares the same outlook for Loopring tokens in the short term, leaning more to the bullish side. According to their LRC price prediction, unless it dips again to $0.11, it can keep surging to $0.28 and trade for $0.26 on average.
As for the algorithmic forecasts, one by CoinCheckup warns that a downtrend in Loopring (LRC) can emerge with a high probability in 7 days. One of the factors is the high RSI in the overbought area, which signals an impending trend change that can cause LRC to close at $0.0923 with a 12.22% loss.
LRC Price Forecast for 2025
As the moon333’s YouTube Loopring price prediction claims, by the beginning of 2025, if LRC extends the ongoing breakout past $0.30, the key resistance to watch is $0.50. If it is broken, the bull run target is between $4–5.
To give accurate forecasts for the longer term, technical analysis is not enough. Prediction service CoinCodex projects the historical data to the value of a cryptocurrency, and using this method they get the following Loopring price prediction. A year from now, LRC should be worth $0.4084 at the very least and its average trading price throughout 2025 is expected to be $0.2656.
A similar forecast service by PricePrediction.net shows the following. In 2025, the average LRC price will end up being $0.3771, calculated from a minimum of $0.3643 and a maximum trading value of $0.4381. This makes the projected gains 64.73%.
Loopring Price Prediction 2026–2029
Algorithmic forecasts can help us with the LRC coin price prediction for up to five years in advance. What’s the predicted range between the minimum and maximum price of Loopring (LRC) in these years?
| Year | Cryptopolitan | Digital Coin | Coindataflow |
| 2026 | $0.7575–0.8661 | $0.67–0.83 | $0.118076–0.416376 |
| 2027 | $1.08–1.28 | $0.88–1.03 | $0.13820051–0.308522 |
| 2028 | $1.52–1.87 | $0.88–1.03 | $0.214615–0.726923 |
| 2029 | $2.28–2.62 | $1.09–1.24 | $0.6105034–1.62 |
Loopring Price Forecast 2030, 2034
The farther we move from the present, the more nebulous the predictions become. Experts still try to use precise tools to provide some approximations. Take Traders Union’s Loopring price prediction: with technical analysis tools, they chart a possible path of LRC’s price years in advance. By 2030, this path arrives at $1.2259044–1.42167327, and moving forward it goes up to $4.0105335–4.6509893 in 2034.
CoinLore’s LRC price prediction goes up to ten years as well. It is even less precise, which is understandable given the time distance, and gives humongous ranges. For 2030, the minimum price is $1.76 and the maximum is $9.10. The same goes for 2034: the minimum is $0.6445 and the maximum is $11.70.
Likewise for 2030 and 2034, using algorithmic prediction, AMBCrypto arrives at other targets: $0.49 to $0.74 for LRC in 2030 and $0.73 to $1.10 in 2034. Even so far in the future, nowhere near the all-time high.
Where Can You Buy Loopring (LRC)?
If you already have cryptocurrencies, you can exchange them for LRC on ChangeHero in five simple steps:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the sums;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- Done? Now let us take care of your exchange as soon as the deposit arrives;
- As soon as the exchange has been processed, your LRC is on its way to your wallet.
Our support service is available anytime in the chat on our website or through the email: [email protected].
Conclusion
Loopring (LRC) did not quite succeed on the ZK-layer-2 front but is far from giving up. Who knows if this bull market would see it resurface and make a comeback.
Read even more content about crypto’s prospects in our blog. Sign up for ChangeHero’s updates on X, Facebook, and Telegram.
Frequently Asked Questions
Will Loopring reach $5?
Very few forecasts are bullish enough to mention a target as high as $5. It is even possible for Loopring’s price to reach $10, though, some sources claim.
What will Loopring be worth in 2025?
Cited forecasts give targets from $0.2656 to $5 for LRC in 2025.
Is there a future for Loopring?
For the short term, the outlook on Loopring is neutral to bearish. On a larger scale, there is no consensus on whether it is worth to keep holding Loopring.
What is the Loopring price prediction for 2030?
If we were to compile a Loopring price prediction from all the sources reviewed, a 2030 Loopring forecast would see LRC price in the range between $0.49 and $9.10.
Disclaimer
This article does not constitute financial or investing advice. No price prediction or forecast is guaranteed to provide exact information on future price movements. Past performance is not indicative of future results.
When dealing with cryptocurrencies, remember that they are highly volatile and thus, a high-risk investment. Always stay informed about the cryptocurrency market and be aware of those risks by conducting your own research. Consider investing in cryptocurrencies only after careful consideration and analysis and at your own risk.
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