May 23, 2022:
The Loopring (LRC) course is currently benefiting from the release of GameStop’s own browser-based Ethereum wallet, which was developed on the basis of Loopring technology. Within 24 hours of trading, the price rose by 26 percentage points from USD 0.51 to currently USD 0.62.
The new wallet leverages Loopring’s ZK-Rollup technology, an Ethereum-based Layer 2 scaling protocol, to enable cheaper and faster transactions when buying and selling on GameStop’s new NFT marketplace.
From a technical point of view, the recapture of the resistance level at 0.53 US dollars is also bullish. Investors are likely to target the area around $0.73 as the next relevant price target.