Topic: Will Loopring cryptocurrency reach $50? (Read 55 times)
It is an application where only ETH and stable coins can be traded yet. It is interesting that it is among the top 100 coins so quickly. At least I didn't quite understand.
Theoretically Loopring (LRC) cryptocurrency can reach $50 but I don’t think that it will happen any time soon. At the moment Loopring price sits at around $3 and in order to reach $50 it should increase price 17x. Loopring fully diluted market cap is around $4 billion so if it increases 17x then it will be $68 billion which is bigger than Ripple (XRP) and just slightly less than Cardano (ADA) and Tether (USDT). So, it is possible for Loopring (LRC) to reach $50 but it will take time on my own view.
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