With Loopring [LRC] flashing green, is Q2's turbulence behind it

Loopring LRC, the zkRollup layer2 on Ethereum ETH, which intends on making the blockchain more accessible, continues to push its development. However, on the investor front, this network doesn't seem to be making any strides.

Timeline of Loopring

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.

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.