Is Loopring (LRC) buy opportunity after the recent sell-off?

Loopring LRC/USD has collapsed from $0.60 to $0.33 since the beginning of this month, and the current price stands at $0.37. The risk of another decline still persists, but the current price could be a good entry point for long-term investors. Payment protocol Loopring is an open-sourced non-custodial exchange and payment protocol that allows low-cost The post Is Loopring (LRC) buy opportunity after the recent sell-off? appeared first on Invezz.

Timeline of Loopring

Loopring, the poster boy of scalable Ethereum-based solutions is having a tough time of late. Back towards the end of ‘Uptober‘ 2021, LRC had rallied just shy of 1000% in a matter of two weeks.

This week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company's self-custodial, Web3 ethereum wallet. The wallet is currently in beta form and now available via the firm's web portal, in order to provide users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring's

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin's losses since April have had a strong impact on the price action of Loopring. Loopring was trading above $1 in March 2022, but it was quickly forced to cede all the territory gained in

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Data from Coinglass showed that the Futures markets had a higher percentage of short positions open than longs on Bitcoin.