Loopring

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In this article, BeInCrypto takes a look at the seven altcoins that increased the most in the month of November 2021. 



November’s top altcoin performers were:



Loopring (LRC): 375%The Sandbox (SAND): 340%Cocos – BCX (COCOS): 330%Keep3rV1 (KP3R): 200%Chromia (CHR): 118%Decentraland (MANA): 60%Basic Attention Token (BAT): 50%



LRC



LRC has been moving upwards at an accelerated rate since Oct 28. This led to an all-time high price of $3.85 on Nov 10. It amounted to an increase of 920% in 13 days. 



However, LRC consolidated in the latter part of the month, trading inside a symmetrical triangle. Such triangles are often considered neutral patterns. 



Currently, LRC is trading right at the support line of this pattern which also coincides with the $2.75 horizontal support area. A breakdown from this level could cause a fall to $2.12, or even $1.71. The latter is both a horizontal and a Fib support level.



Conversely, a breakout could take it to a new all-time high price.



LRC Chart By TradingView



SAND



SAND has been moving upwards at an accelerated rate since Nov 10. This led to a new all-time high price of $8.84 (red icon) on Nov 25. The high was reached right at the 4.61 external Fib retracement resistance level (white), which often acts as a top during upward movements. 



However, the price has been falling since then. On Nov 29, it created a lower high (red icon). This is a sign of weakness since the previous highs could not be reached. 



If the decrease continues, the most likely areas to provide some relief would be found at $5.27 and $4.51. The latter is a stronger support area because it coincides with the 0.618 Fib retracement support level and the support line of a descending parallel channel. 



SAND Chart By TradingView



COCOS



The COCOS price spiked on Nov 19 and in a span of only two days, it increased by 816%. This led to a new all-time high price of $6.50 on Nov 20. 



However, it fell back hard on the same day, creating a long upper wick with a magnitude of 35%. 



While the price has been falling since, it’s approaching the $2.92 support area, which is also the 0.618 Fib retracement support level.



Despite the lack of reversal signs in technical indicators, this would be a suitable level for a rebound.



COCOS Chart By TradingView



KP3R



The price of KP3R shot upwards on Nov 6, leading it to a new all-time high price of $2,066 on Nov 13. This amounted to an increase of 553% in six days.



The price has been falling since then and is approaching the 0.618 Fib retracement support level — a Fib which often initiates bounces after considerable drops.



The nearest support is found at $988.



KP3R Chart By TradingView



CHR



CHR has been falling since Nov 20 after reaching an all-time high price of $1.50. The downward move has so far led to a low of $0.87 on Nov 28. 



While CHR initially bounced (green icon), it has returned to its lows since.



The main support area is found between $0.72 and $0.87. This range is the 0.5-0.618 Fib retracement support area. It seems likely that CHR will be able to bounce back somewhere inside this area.



CHR Chart By TradingView



MANA



MANA reached a new all-time high price of $5.90 on Nov 25. However, it has been decreasing since then and has reached an ascending support line that has been in place since Nov 10.



It’s currently in the process of breaking down. If it does fall through this ascending support, the closest horizontal level would likely be reached at $3.70.



MANA Chart By TradingView



BAT



On Nov 26, BAT broke out from a descending resistance line and proceeded to reach a new all-time high of $1.93 two days later. 



It’s been decreasing since, but the price rebounded above the $1.50 horizontal support area, which coincides with the previous descending resistance line.



It’s likely that the decrease is part of the fourth wave of a five-wave upward move. Therefore, another leg to the upside would be expected to follow that could take BAT well into new all-time high territory.



BAT Chart By TradingView



For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.
  The post Loopring (LRC) Surges Nearly 400% — Top Altcoin Performers from November 2021 appeared first on BeInCrypto.


In this article, BeInCrypto takes a look at the seven altcoins that increased the most in the month of November 2021. 
The post Loopring (LRC) Surges Nearly 400% — Top Altcoin Performers from November 2021 appeared first on BeInCrypto.


beincrypto.com

Loopring (LRC) Surges Nearly 400% — Top Altcoin Performers from November 2021

  
The decentralized Loopring exchange is one of several layer two (L2) networks that have seen a surge in adoption as Ethereum transaction fees march ever higher.



Loopring is a layer two DEX that uses zero-knowledge rollups to scale Ethereum transactions. With gas prices at painful levels, it has seen a surge in usage over the past few months. Loopring claims to be able to settle up to 2,025 trades per second with an average transaction cost of 0.15-0.30% of that on Ethereum L1.



Chinese media outlet Wu Blockchain has observed the big uptick in Loopring adoption, commenting:



The cumulative trading volume recently exceeded $3 billion. The price of LRC has risen 10x the highest since October.



Citing a chart from Delphi Digital, Wu added that trading activities and volumes on the DEX have surged since October.



Chart: Delphi Digital/Twitter



According to DappRadar, the total value locked on Loopring has surged 570% since mid-October to hit an all-time high of $765 million on Nov 25. 



Loopring was in the news recently following a rumored partnership with gaming giant GameStop. There was no official announcement but a lot of speculation over the two working together on an NFT marketplace.



State of the L2 market



Loopring is not the only L2 scaling platform to have seen a massive influx in users and liquidity. According to L2beat, the TVL across the entire L2 ecosystem is near a record high at $6.9 billion. Loopring is currently the fourth largest L2 network with a 9.7% market share.  



The leading layer two is Arbitrum, which favors optimistic rollups over zk-rollups. Arbitrum currently has a TVL of $2.74 billion giving it a market share of almost 40%. Arbitrum has been onboarding an increasing number of crypto platforms, the most recent being the Ethereum privacy protocol Tornado Cash.



Number two in terms of L2 TVL is the Boba Network which is a smart contract scaling protocol also using optimistic rollups. Boba TVL has surged 29% over the past week to $1.39 billion giving it a 20% market share.



Decentralized derivatives exchange dYdX is in third place, just above Loopring with a TVL of $933 million.



LRC price outlook



Naturally, this greater usage of Loopring has bolstered its native token price since it also offers yield farming incentives. LRC is currently trading at $2.80 which is flat on the day.



Over the past month, the token has made a whopping 345% though it has cooled 25% from its Nov. 10 all-time high of $3.75.
  The post Layer 2 DEX Loopring Adoption Surges as TVL Jumps 570% in Six Weeks appeared first on BeInCrypto.


The decentralized Loopring exchange is one of several layer two networks that have seen a surge in adoption as Ethereum transaction fees march ever higher.
The post Layer 2 DEX Loopring Adoption Surges as TVL Jumps 570% in Six Weeks appeared first on BeInCrypto.


Layer 2 DEX Loopring Adoption Surges as TVL Jumps 570% in Six Weeks

Loopring continues shooting for the stars, skyrocketing to new all-time highs (ATH) every day.  The Ethereum-based DeX token has brushed its shoulders with $4.0 for the first time ever. It is believed that the Loopring price will soon lift above $5.0 paving the way to a fresh price discovery.
At the time of writing, Loopring trades at $3.706 while bulls reach another higher level after rallying approximately 30% over the last 24 hours . Its market capitalization has crossed the $4 billion mark after rising by over 33% over the same period. This has seen the asset secure a position among the top 50 cryptocurrencies by market value according to data from CoinMarketCap. LRC now stands at position 42, just behind Helium (HNT) and Tezos (XTZ) EOS has slipped to the 43rd  with Monera (XMR) and Decentraland (MANA) settling for 44th and 45th positions respectively. If LRC keeps this rally intact, we expect it to challenge coins in the top 30 positions.
Loopring Price Rally Not Waiting For Anyone
Loopring is comfortably in the bulls’ hands who are focused on pushing the price past $4.0. The LRC bulls currently appear to be one of the unstoppable forces in the cryptocurrency market, bolstered by the market-wide price discoveries led by Bitcoin (BTC) and Ethereum (ETH).
Bitcoin rallied to a record high of above $69,000 on Wednesday and with Ethereum refreshing the record high to $4,956 in early Asian trading sessions today. The positive cryptocurrency market sentiment will see the Loopring price bulls motivated to push to higher levels.
LRC/USD Daily Chart

At the moment, the technicals tell us little about LRC rally and how things are likely to unfold in the near-term . The fear of missing out (FOMO) could be the main force behind the consistent upward action. A break above $4.0 will further bolster Loopring above $5.0.
LRC Price Intraday Levels
Spot rate: $3.706
Trend: Strongly Bullish
Volatility: Extremely High
Support: $3.06
Resistance: $4.0
 
The post Loopring Price Analysis: LRC Rockets To Yet Another Record High, Claims Top 50 Position appeared first on Coingape.


Loopring continues shooting for the stars, skyrocketing to new all-time highs (ATH) every day.  The Ethereum-based DeX token has brushed its shoulders with $4.0 for the first time ever. It is believed that the Loopring price will soon lift above $5.0 paving the way to a fresh price discovery. At ...

coingape.com

Loopring Price Analysis: LRC Rockets To Yet Another Record High, Claims Top 50 Position

 
How far will LRC go? The technical outlook for the LRC token indicates a super bullish trend, where its price keeping making new higher one after another. One of the reasons that could have gathered the intention of crypto traders to LRC token would be the widespread tumors of Loopring has partnered with Gamestop for a new NTF marketplace.
 

The LRC token marks $3.84 as the New-All time
The RSI value for the daily LRC token chart has reached the overbought area
The intraday volume of The LRC token is $8.8 billion, which indicates a 73.2% hike


Source: LRC/USD chart by Tradingview
 
The LRC token entered the November month with a bang when its price provided a decisive breakout from the previous All-Time High of the $0.9 mark. Thus, the token price indicated a significant up movement right from the next day, climbing the higher level for its chart.
 
The LRC price has surged around 230% in just one week and is currently trading at $3.48, marking the $3.85 as the New All-Time High. As per the crucial EMAs( 20, 50, 100, and 200), the token price has already left them way behind, projecting a super bullish trend for this token.
 
The Relative Strength Index(RSI) current value is 91, indicating an overbought scenario for LRC.
 
LRC/USD Chart In The 4-hour Time Frame

Source: LRC/USD chart by Tradingview
 
The LRC token is currently experiencing a slightly higher price rejection from the $3.85 mark. If the token price starts rejecting from this new ATH level, the crypto traders can expect a minor retracement in this chart.
 
According to the Fibonacci retracement levels, the nearest support level for this token at $3(0.236 FIB), followed by $2.1(0.5 FIB). The Current price of the LRC token is $3.4, with intraday gains of 16.38%
 
The post Loopring Price Analysis: LRC Token Gave A Remarkable 230% Returns In One Week appeared first on Coingape.


&#160; How far will LRC go? The technical outlook for the LRC token indicates a super bullish trend, where its price keeping making new higher one after another. One of the reasons that could have gathered the intention of crypto traders to LRC token would be the widespread tumors of Loopring has...

Loopring Price Analysis: LRC Token Gave A Remarkable 230% Returns In One Week

Loopring price has been rising over the last two weeks hitting a new record high after another. LRC has leaped 34% over the last 24 hours recording a new all-time at $2.50. Can LRC continue the uptrend?
Loopring price has rallied approximately 34% over the last 24 hours to refresh the record high around $2.50. This rally as seen LRC smash the November 02 all-time high (ATH) around $1.79 bring its market capitalisation to $2,757,010,328 according to data from CoinMarketCap.
Loopring is a layer 2 blockchain project that helps developers accelerate their projects build on Ethereum. It is specifically built to support decentralized platforms in the payments industry. The Loopring (LRC) bull run that has been experienced over the past two weeks has been due to it being fronted as a good alternative to Polygon. Polygon is a layer-2 platform that is aimed at helping developers to accelerate their Ethereum-built applications.
Loopring Price Must Establish Support At $2.0
At the time of writing, LRC price teeters around $2.068 and appears to be consolidating around this point as seen on the four-hour chart. Then current market correction appears a healthy correction allowing more investors to get onto the bandwagon before resuming the uptrend.
However, for this to happen, Loopring price has to discover support at the $2.0 psychological level. Ensuring the LRC remains above this level will sustain the current bull run that could see LRC rise to tag the new ATH around $2.50 and beyond.
The position of the RSI in the  overbought region is an indication that the bulls are currently controlling the LRC price.
LRC/USD Four-Hour Chart
 Live Chart  

However, the RSI also shows that Loopring was massively overbought at 82.56 which triggered the current trend reversal. The downward movement of the RSI indicated that the bullish momentum has burnt out and that investors may have started taking profits.
Therefore, if LRC slips below the $2.0 psychological level, it could drop to tag the upper boundary of the rising channel at $1.910. A drop further could see Loopring price move down to tag the middle boundary of the ascending channel at $1.50 or the lower boundary at $1.176.
Meanwhile, the flattening of the RSI points to a market consolidation which might continue in the near term.
The post Loopring Price Prediction: LRC Rallies 34% To Set A new All-Time High At $2.50 appeared first on Coingape.


Loopring price has been rising over the last two weeks hitting a new record high after another. LRC has leaped 34% over the last 24 hours recording a new all-time at $2.50. Can LRC continue the uptrend? Loopring price has rallied approximately 34% over the last 24 hours to refresh the record high...

Loopring price	$1.18
Low - High 24H	$1.16 - $1.23
Market cap	$1.48B
Volume 24H	$310.51M
All time high	$3.75 -68.40% November 10th 2021
All time low	$0.019639 5933.92% December 18th 2019
Genesis date	N/A

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