Will Loopring reach $5, $10 or $100 or $1000?

Will Loopring reach $5, $10 or $100 or $1000?

In the next 24 months, LRC’s market price can reach a theoretical value of $33.

While investing, many people wonder, “Will Loopring reach $5, $10 or $100 or even $1000?” and “How much time will it take to reach that value?” Let’s try to find out in this report

First of all, let us analyze various factors (such as LRC’s price movements, its competitors etc) that can help us determine Loopring’s growth rate in future.

Loopring’s price history and movements (to reach its all-time high)

Price movements are always one of the crucial factors to determine and predict the price of crypto. Below is the LRC’s all-time graph; we can see that the coin peaked at $3.33 one year ago.

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Image: LRC’s all-time high graph

LRC’s lowest price was $0.022, meaning that it took nearly 2 years for Loopring to reach its all-time high price of $3.33. Note that, it was almost 99% growth from its lowest to its all-time high price.

Keeping in mind, its current price of $0.24, we can safely say that LRC’s price has declined by just 4.1% in just 12 months, though it has faced many ups and downs in between.

To reach a value of $5, LRC needs to grow by 95.2%. Considering a growth rate of 99% (which LRC showed to reach its all-time value) which it completed in 24 months, we can say that it can reach a value of $5 within the next 2 years. However, it is not the only factor to consider.

Growth Curve of Loopring’s competitor- Quant

Quant is one of teh notable competitors of Loopring that connects blockchains on a global scale while maintaining the network’s efficiency and interoperability. Let us also have a look at its growth rate:

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Image: All-time high graph for QNT

Quant’s all-time high price was $384 which it achieved 11 months ago. Its price was $0.25 initially, meaning it took Quant 3 years to reach its all-time high value. Meanwhile, it grew by 99.9%.

Loopring’s comparison with its competitor

Loopring is suited for people who are looking for a scalable and non-custodial exchange. Loopring involves crypto exchanges, dApps, Defi projects, Layer 2 Protocol and Smart contracts. Additionally, it is integrated with 27 networks, including Ethereum and MetaMask.

On the contrary, Quant Network is ideally suited for developers who are looking for a blockchain application development studio. Also, the platform is not integrated with either Ethereum or MetaMask.

What are the disadvantages of CEXs and DEXs and how does Loopring solve them?

We all are aware of the disadvantages associated with centralized exchanges, despite being very popular. For example, CEXs are custodial in nature, which means that the users’ funds are always at risk of being hacked. Another disadvantage is the lack of transparency in Centralized Exchanges.

These certain disadvantages (and the recent FTX crash) made people switch to Decentralized Exchanges very quickly. But, DEXs have their own cons. For instance, DEXs are lower in efficiency. Additionally, their capabilities are lower depending upon the underlying blockchain.

Loopring combines the CEXs and DEXs to create a unique protocol with combined advantages. Hence, it removes the lower efficiency and limited capability of DEXs, along with maintaining the non-custodial nature (unlike CEXs). Therefore, Loopring (LRC) has excellent potential to survive and grow in the coming future.

Will Loopring reach $5?

LRC is a lot down from its all-time high value of $3.33 and it needs to grow by 150x to reach that value again. Considering its growth rate of 150x in 24 months, its one-month growth rate is 6.25x. It means that in the next 24 months, LRC’s market price can reach a theoretical value of $33.

But the current macroeconomic factors and liquidity are not similar to that of the previous times. Therefore, LRC will certainly not going to reach that value in the next 24 months.

Let’s try to find out the more realistic value that it can reach in that period. Looking at its pre covid growth rate (from 2019 to 2020), LRC’s price could only reach a value of $0.044 from $0.036, indicating a 1.2x growth in 6 months (from September 2019 to March 2020).

So, Will Loopring reach $5? Yes, but not sooner. It means that, in the next 24 months, the price can only grow by 4.8x of the current price of $0.24. Thus, LRC’s price can only reach a value of $1.15 in the next 2 years and not $5.

Will Loopring reach $10?

Again, keeping in mind the macroeconomic factors in the current scenario, we cannot go by the ideal growth rate of 150x in 2 years.

Considering the practical growth rate of 1.2x in 6 months, the LRC coin can grow by 0.2x in one month. As its current market price is $0.24, it needs to grow by 41.66x to reach a value of $10.

So, if we go by a growth rate of 1.2x in 6 months, it can take roughly 17 years for LRC to reach $10. But, again, the situation probably will not remain the same throughout and the macroeconomic factors and liquidity might turn out to be in favour of the LRC coin. Therefore, it can probably reach that value sooner than this.

Also Read: Loopring Price Prediction

Will Loopring reach $100?

LRC’s current market price suggests that it needs to grow by 416.6x to reach a value of $100. If Loopring continues to grow at 0.2x in one month, it will certainly need 173 years to reach $100, which is practically not possible.

Therefore, we can say that LRC cannot reach a value of $100 if the current factors prevail. It can only reach that value if miraculous things happen in future.

Will Loopring reach $1000?

To reach a level of $1000, LRC requires to grow at a rate of 4166x keeping in mind its current price of $0.24. If it can grow at a rate of 0.2x in one month, then it can take 1,735 years to reach $1000, which is again not possible.

So, will Loopring reach $1000? Well, it is not practically feasible for LRC to reach a value of $1000.

All the other things, including the decreasing popularity o CEXs and its comparison with competitors, are in favour of Loopring. But, LRC still cannot reach a value of $10, $100 or $1000 in near future. It really needs some extraordinary situations to appear for LRC to grow at those levels.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Charu Taneja

Charu Taneja

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