Buy/Sell Crypto

Loopring Price Up 65%, More Evidence of Potential Game Stop Partnership

loopring price

Loopring price continues its meteoric rise, currently up over 65% today alone with a massive trading volume of over $3.35B. Trading at $2.2 at the time of writing, all the hype today is about LRC. Let’s see what’s new with Loopring since we last reported on it yesterday.

What Is Loopring?

Loopring is a layer-2 solution to scale the Ethereum network. It enables users to trade assets across a variety of exchanges.

Qries

Loopring allows developers to build decentralized exchanges on their platform, and provides users with a way to trade digital assets without depositing them anywhere.

Why Is Loopring Price Rising?

As we reported yesterday, there is still hype surrounding the rumors of a potential Game Stop partnership.

New evidence suggesting a potential partnership surfaced on twitter last night, which seemed quite too blatant in people’s opinion. A comment in Loopring’s github mentioned Game Stop which seems like quite an oversight when it comes to keeping certain news confidential.

There are more rumors circulating about the potential partnership.

For example, ZQuant said:

“All the signs are there. One big one being Finestone who worked for $LRC is now head of blockchain for GameStop. Also, it’s been coded multiple times. You can do research and see all the signs that is is basically confirmed.”

The person in question is Matthew Finestone, who was Head of Business for Loopring up until April 5th. If you look up Finestone’s linkedin now, you will notice he’s currently the head of Blockchain development for Game Stop.

Loopring Crypto.com Issues

While Loopring is the biggest gainer on Crypto.com, users on twitter are reporting issues with buying LRC.

After attempting to purchase some Loopring myself via a credit card on Crypto.com, I encountered an error that said “rate expired”. I tried refreshing the app and the rate but kept getting the same error.

Hopefully the issues with Crypto.com resolve soon, but that shouldn’t have an effect on Loopring’s price.

The good news is, most of the trading volume for Loopring is coming from Binance, which isn’t having any problems buying / selling LRC.

Loopring Price & Tokenomics

Loopring is currently trading at $2.2 with a total market cap at a whopping $2.9B. LRC is currently the 60th largest crypto on the market with a 24 hour trading volume of $3.35B.

With the recent price hike, LRC set a new all time high of $2.2. Most of the hype is coming from the Game Stop partnership rumors. With each passing day more and more evidence surfaces that points toward an upcoming announcement.

Keep in mind though, the saying in crypto is:

“buy the rumor sell the news”

So if you’re looking to make short term gains with Loopring I would tread carefully. As always this isn’t trading / investment advice, always do your own research.

Follow us on twitter @nulltxnews to stay up to date with the latest cryptocurrency news!

Originally published on The VR Soldier

Tags

Share this post:

Share on facebook
Share on twitter
Share on pinterest
Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

THE ONE AND ONLY WAY TO MAKE MONEY IN AUTOMATIC EASILY!

Receive the whole procedure to be able to follow our signals in less than 2 minutes.

Follow Us

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

To access the VIP channel for free and enjoy the benefits of this exclusive channel, just follow these 3 steps:

1. Open a real account with one of our partner brokers necessarily through these links.

⚠️ Select Standard account

2. Make a deposit of at least €500 (€1000/2000 recommended) or more depending on your capital.

Double bonus as a gift! 🎁

        • 1st deposit: 50% bonus offered!
        • 2nd deposit: 20% bonus offered!

*The bonus will of course be added automatically after your deposit. ✅

3. Once done, you can send us the Screenshot of your deposit to support@signaltrading.cryptalite.com to receive the link of the VIP channel 🚀

(If you already have an account with these different brokers, you need to use another ID with another name + email).

Follow Us

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.