Loopring records a massive price gain overnight. The coin has gained over 29 percent in the past 24 hours. show that Data from coingecko. At the time of writing, LRC is trading at $1.10 with a market cap of $1.35 billion. This places the Ethereum Layer 2 protocol, which was developed for the operation of decentralized cryptocurrency exchanges, in 86th place among the most valuable cryptocurrencies.
The price increase correlates with a partnership Loopring has formed with GameStop to help create a game retailer’s NFT marketplace. A beta phase of the trading platform was launched on Wednesday, March 23rd. In addition to the LRC price breakout, GameStop stock can also gain a lot in value. The stock exploded overnight, gaining almost 14 percent and is now trading at $141.