Menu
in

Will Loopring reach $5, $10 or $100 or $1000 by 2030?

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

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

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

Price movements are always one of the crucial factors in determining and predicting the price of cryptocurrencies. Below is LRC’s all-time chart; We can see that the coin peaked at $3.33 a year ago.

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

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

To reach a value of $5, LRC must grow by 95.2%. Considering a growth rate of 99% (which LRC has proven to reach its historical value) that it has 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 the competitor of Loopring- Quant

Quant is one of Loopring’s main competitors that connects blockchain on a global scale while maintaining network efficiency and interoperability. Let’s also take a look at its growth rate:

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

Loopring’s comparison with its competitor

Loopring is suitable for people who are looking for a scalable and unguarded exchange. Loopring involves crypto exchanges, dApps, Defi projects, Layer 2 protocol, and smart contracts. In addition, it is integrated with 27 networks, including Ethereum and MetaMask.

In contrast, Quant Network is ideal for developers who are looking for a blockchain application development studio. In addition, the platform is not integrated with either Ethereum or MetaMask.

What are the disadvantages of CEX and DEX and how does Loopring solve them?

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

These some drawbacks (and the recent FTX crash) caused people to switch to decentralized exchanges very quickly. But DEXs have their cons. For example, DEXs have lower efficiency. Also, their capabilities are lower depending on the underlying blockchain.

Loopring combines CEX and DEX to create a unique protocol with combined benefits. Hence, it removes the lower efficiency and limited capacity of DEXs, as well as maintaining the non-custodial nature (unlike CEX). Therefore, Loopring (LRC) has excellent potential to survive and grow in the near future.

Will Loopring reach $5?

LRC is far below its all-time high of $3.33 and needs to grow 150-fold 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 over the next 24 months, LRC’s market price can reach a theoretical value of $33.

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

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

So, will Loopring reach $5? Yes, but not before. It means that, over the next 24 months, the price can only grow 4.8 times the current price of $0.24. Thus, the price of LRC can only reach a value of $ 1.15 in the next 2 years and not $ 5.

Will Loopring reach $10?

Again, bearing in mind the macroeconomic factors in the current scenario, we cannot go from 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 a month. Since its current market price is $0.24, it needs to grow by 41.66x to reach a value of $10.

So, if we go from a growth rate of 1.2x in 6 months, it can take about 17 years for LRC to reach $10. But, again, the situation will probably not remain the same all the time, and macroeconomic factors and liquidity may turn out to be in favor of the LRC currency. Therefore, it can probably reach that value before this.

Will Loopring reach $100?

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

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

Will Loopring reach $1000?

To reach a $1000 level, LRC requires you 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 a month, then it can take 1,735 years to reach $1000, which is still not possible.

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

All other things, including CEX’s declining popularity and comparing it to competitors, are in favor of Loopring. But LRC still cannot reach a value of $10, $100 or $1000 in the near future. It really needs some amazing situations for LRC to grow to those levels.

Leave a Reply