If you are looking to invest in an interesting altcoin project, then Loopring is definitely worth considering. The project saw significant price growth in the final weeks of 2021 and generated significant attention among the most risk-tolerant investors out there. So what can we expect from LRC in the coming years?
Loopring is one of the most advanced Ethereum layer-2 scaling solutions around, thanks to its innovative use of zero-knowledge roll-ups (ZK-Rollups) and proprietary Loopring consent protocol.
If the claims of its developers are to be believed, then Loopring is able to process thousands of transactions per second.
Given the network congestion and soaring GAS taxes that have haunted Ethereum over the past couple of years or so, the benefits of a scaling solution like Loopring should be pretty obvious. In theory, it allows Ethereum developers to build virtually any blockchain project without having to worry about slowing down the network or migrating to another smart chain.
But, let’s face it, Loopring isn’t the only layer 2 scaling solution out there, and there has been speculation that upgrading Ethereum 2.0 could eventually see such projects become largely redundant. So is LRC a good investment? In the following Loopring price forecast for 2025 and 2030, we’ll take a closer look at the project to try to answer this question.
Table of Contents:
The Need for Layer 2 Scalability Solutions
Before we take a closer look at Loopring and how it works, it’s worth taking the time to look at what Level 2 scaling solutions are and why they are important to the cryptocurrency industry as it is today.
Anyone who has been following the cryptocurrency industry for a while will know that Ethereum is the number one smart chain for DeFi projects. While this is great for the project as a whole, it means that the demands placed on the Ethereum blockchain have soared, leading to a significant slowdown and surge in GAS fees.
Level 2 refers to projects that increase the capacity of a blockchain by processing transactions outside the mainnet. The trick to these projects is to provide a faster rate of transactions while maintaining security and keeping fees low. Loopring is an example of a layer 2 scaling solution for Ethereum.
Layer-2 solutions are highly valued because they address a widespread problem in the blockchain world, namely the scalability of Ethereum. These projects can make Ethereum less congested, reduce transaction costs, and even make blockchain more environmentally friendly.
Introducing Loopring
Loopring was launched in 2017, but its current iteration has been operational since March 2020. It was the brainchild of Daniel Wang, a former software engineer at Google. The original mandate of the project was quite clear: to provide a scaling solution that would accelerate the speed of transactions for Ethereum-based cryptocurrency projects.
Loopring’s standout technology is its use of zkRollups. The inner workings of zkRollups are too complex to be broken down here, but in fact what they do is allow the acceptance of certain transaction data without the need to share that data. Transactions are processed in this way, before being grouped together and sent to the Ethereum mainnet for completion.
Since much of the work is done on the Loopring protocol, the demand posed on Ethereum is greatly reduced. Essentially, more transactions are compressed by Loopring, so the actual number processed by Ethereum is much lower, which reduces congestion and keeps fees super low.
The impressive thing about Loopring is that, despite much of the data being grouped in this way, it remains transparent. When zero-knowledge proofs are sent to Ethereum, it actually remains a “paper trace” that allows individual transactions to be reconstructed and verified.
Looking at Loopring’s pricing history
Loopring’s native token, LRC, was first widely quoted on exchanges in 2017, when it changed hands per spin. $0.16. As with many altcoins, there were some waves of investor interest at first, which led to several price spikes, but the token remained subdued for more than a year.
By the time December 2017 arrived, LRC had more than doubled its value to $0.36. The token then increased in value in early 2018 and reached $2.40 in the first half of the month after a growth of around 500%. However, LRC failed to maintain its gains and fell to $0.30 in March.
Things rose slightly in April 2017, with LRC creeping above $0.95 but, again, the upward trajectory didn’t last and things started to fall for Loopring for the rest of 2018. Despite the occasional rise, the token ended the year at $0.05. This price remained more or less consistent throughout 2019, without many noteworthy movements.
Things remained insignificant for LRC until summer 2020 saw the $0.10 rach token, a 100% increase on its price a year earlier. The token continued to perform well in the following months, reaching $0.26 in September. By the time 2020 came to an end, the token had fallen back to $0.17.
It was 2021 when LRC started to see more success. In February, the token rose to $0.83 and remained above $0.60 for much of the first half of the year. There was a downturn at the market level in the summer, which dragged the token to $0.20, but soon recovered and in November it rose again, reaching its all-time high of $3.75.
Another market-wide downturn hit in January 2022, bringing LRC to around $065. It recovered to $1.25 just two months later, but collapsed again in May. At the time of writing, Loopring was worth $0.49 per token.
Cyclical price forecasts for 2025
Now that we’ve taken a closer look at Loopring and summarized its previous price movement, we can start considering how the token might work in the future. The following are Loopring’s main price forecasts for 2025, based on technical analysis of expert forecasting platforms. However, we should note that these predictions are indeed conjectures: nothing is guaranteed in the world of cryptocurrency investments.
Let’s start with DigitalCoinPrice. The platform has made its medium-term Loopring price forecast and clearly believes that LRC will increase in value in the period up to 2025. It has the token reaching an average trading price of $0.65 by the end of 2022, rising to $0.75 in 2023. This would represent a growth of about 50% on today’s price. By 2025, DigitalCoinPrice believes LRC could more than double in value to $1.10.
Elsewhere PortfolioInvestor is also positive about the future of Loopring. His technical analysis suggests that the token could double in value by the end of 2022, reaching a trading price of $1.10. Loopring is therefore expected to grow over the course of 2023, reaching an average trading price of $1.79 by the end of the year. Things will continue on an upward trajectory and by 2025 LRC could reach a maximum potential of more than $3.00.
TradingBeasts also expects sustained growth for Loopring. The token is expected to reach an average of $0.70 by December 2022 and continuing to rise in early 2023 there should be a cooling off period in the second half of the year. When 204 arrives, TradingBeasts suggests that we could see LRC trading at $0.75 and a year later, in January 2025, the token could reach a potential high of just $1.
Looking ahead: Price Forecasts in Loop for 2030
As part of this loopring analysis, we also considered long-term price forecasts from key sources. Again, long-term crypto forecasts represent educated conjecture. The market is moving fast, and loopring price forecasts for 2023 should only be seen as suggestive. So, what do analysts expect from LRC ahead of 2030?
DigitalCoinPrice continued its forecasts until the end of the decade and expects the projected growth until 2025 to continue. His analysis suggests that LRC could be trading at an average of $1.21 by mid-2027. Growth is therefore expected to continue at a brisk pace and when 2030 arrives, DigitalCoinPrice has predicted that Loopring could trade at a potential maximum of $2.40, which would equate to a 500% growth on today’s price.
By far the most optimistic loopring price forecast for 2030 we have come across comes from PricePrediction.net. Its data suggests that LRC could rise above $3.50 in 2027 and by mid-2028 the token could trade as high as $5.27, which would be a notable growth over the next five years. By 2030, the platform predicts that Loopring could reach a maximum price of $11.29.
As noted above, the cryptocurrency market changes rapidly and is notoriously difficult to predict, even in relatively short periods. These Loopring price forecasts for 2030 should be seen as a reflection of the current sentiment towards the token and should not in themselves form the basis for any investments.
Will Ethereum 2.0 make Layer-2 solutions obsolete?
We’ve already discussed how layer-2 scaling solutions like Loopring are designed to take the load off the Ethereum mainnet and increase scalability. However, most cryptocurrency investors will be aware that Ethereum is currently undergoing major upgrades, including the shift to a proof-of-stake consensus mechanism and several other innovations that will greatly increase its speed and scalability. So will there still be a need for layer-2 scaling solutions?
There are a couple of factors to consider here. First, while Ethereum 2.0 will undoubtedly offer much faster and lower-cost transactions, it is also likely that demand for the platform will continue to grow exponentially. More and more organizations, companies and entire industries are entering the blockchain world and for the most part, Ethereum is their first point of reference.
Secondly, you can’t tell how fast Ethereum 2.0 will be. While many smartchains boast potential speeds of many thousands of transactions per second, in the end most of them record much slower speeds when actually put to the test.
Finally, many Layer 2 solutions, including Loopring, are already extremely popular, and it’s hard to see why developers will want to pull their designs out of these networks. The probability is that they will continue to work through layer 2 solutions, even when Ethereum upgrades are complete.
To put it simply, Ethereum 2.0 will likely greatly improve network performance, but it is unlikely to make Layer 2 solutions obsolete. And as we’ve seen, most analysts believe that LRCA will continue to grow well after the completion of Update 2.0.
Conclusion: Should you invest in loopring?
So this wraps around our Loopring price forecast for 2025 and 2030. We discussed how the project was set up to provide a scaling solution for Ethereum, and took a closer look at exactly what it brings to the table. Realistically, investors will have to judge for themselves whether there is room for layer-2 scaling solutions in their portfolios.
Loopring definitely brings value to the cryptocurrency space and has already proven popular among developers. While Ethereum 2.0 could influence its adoption, there is every chance that Loopring will continue to thrive in the coming years.
The LRC price forecasts we have reviewed universally point to growth, and while this growth is by no means guaranteed, it certainly bodes well for LRC to have such strong support. It also suggests that market analysts see a strong future for layer-2 solutions, despite ethereum 2.0 updates.
Loopring has been anchored for growth in the coming years and, as we have seen, has the technical innovations to provide a true scaling solution for Ethereum. As for future updates, there is every reason to believe that Loopring will continue to provide value, and as such, we think it’s definitely worth considering as an investment opportunity.
Where to invest in cryptocurrency
Of course, if you want to buy Loopring, you will need to find an exchange that lists the token. LRC is quite widely listed, but if you are in the market for a new provider, we highly recommend eToro.
EToro’s not just one of the most recognizable brands in retail, but it also offers an award-winning, user-friendly trading platform suitable for both beginners and more experienced traders. It also has a competitive fee structure and many learning materials for those who are new to the cryptocurrency market.
Loopring Price Predictions 2025, 2030 – Frequently Asked Questions
What Is Loopring?
Loopring is a layer 2 scaling solution for Ethereum that uses Zero Knowledge Roll-up to provide significantly faster transaction rates and at a much lower cost. As such, it has proven extremely popular among DeFi projects looking to use Ethereum’s capabilities while avoiding congestion and high GAS fees.
What are layer-2 scaling solutions?
Layer-2 scaling solutions are blockchain projects that work on top of others. For example, an Ethereum scaling solution, such as Loopring, can perform much of the out-of-chain transaction processing, sending only essential data to the Ethereum mainnet for final validation. This greatly reduces congestion and allows for significantly lower transaction costs.
How much will Loopring be worth in 2025?
Cryptocurrency price forecasts are often approximate at best, but we were impressed to find that most loopring price forecasts for 2025 point to growth. Depending on the predictions you look at, the token could be worth anywhere between $1 and $3 by 2025.
Where can I buy Loopring?
If you want to buy Loopring, you will need to find an exchange or broker that lists the token. We usually recommend eToro, as it is one of the most trusted brands out there and has a very user-friendly trading platform. In addition to LRC, eToro also lists several other major cryptocurrencies.
Will Ethereum 2.0 make scaling solutions obsolete?
As the Ethereum 2.0 update continues to be implemented, many people have doubted the need to scale solutions like Loopring. However, it is worth mentioning that the demand for Ethereum could also increase massively in the coming years. Also, there’s no telling how fast the new iteration of the smartchain will be. Therefore, our bet is that level 2 scaling solutions will be around for a while longer.
