Loopring (LRC): Scaling Ethereum with efficiency and speed! ⚡️🔗
Loopring (LRC) is a layer 2 protocol that uses zkRollup technology to improve the scalability and efficiency of Ethereum. Its goal is to enable fast and cost-effective transactions without compromising security or decentralization.
Current price: $0.1157 USD
Market capitalization: $158 million USD
Trading volume (24h): $14.66 million USD
Circulating supply: 1.37 billion LRC
All-time high: $3.06 USD (November 2021)
Technical analysis:
Key support: $0.1074 USD
Next resistance: $0.1153 USD
Current trend: Slightly bearish in the short term, with signs of consolidation
Suggested investment strategy:
Entry: $0.110 – $0.115 USD
First profit target: $0.130 USD
Mid-term target: $0.150 – $0.180 USD
Suggested stop-loss: $0.100 USD 🚨
With its focus on enhancing the user experience on Ethereum through scalability solutions, Loopring positions itself as an attractive option in the DeFi space. If you're looking for projects with solid fundamentals and growth potential, LRC deserves your attention.
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