Loopring: Running Rings Around The Competition

Apr. 04, 2022 4:54 PM ETLoopring USD (LRC-USD) CryptoLRC-USD4 Comments

Summary

  • Loopring is a scaling Layer 2 solution for DEXs with compelling technology.
  • The LRC-USD token is needed to pay fees, and its price will appreciate as Loopring gains popularity.
  • We are in an altcoin bull market, and I expect LRC-USD to appreciate considerably in 2022.
  • I do much more than just articles at Technically Crypto: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
Saturn planet. Gas giant. 3D illustration. Big planet with ring

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Thesis Summary

Loopring (LRC-USD) has gained a lot of popularity since it was announced that GameStop (GME) would be using it to launch its NFT marketplace. The token jumped over 40% and is up over 50% in the

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This article was written by

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James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth.

The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market update newsletter, actionable trades, technical analysis, and a chat room. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in LRC-USD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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