Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout?

Loopring price continues to trade sideways at $2.7 after hitting an all-time high of $3.6 on November 10th. Loopring’s ecosystem continues to grow and recently placed as the fourth-largest Layer-2 network by market share, following Arbitrum, Boba Network, and dYdX. Is LRC ready for a breakout above $3? Let’s find out. What Is Loopring? Loopring is a Layer-2 network looking to solve Layer-1’s congestion. There are a variety of Layer-2 solution networks implementing different scaling algorithms such as Optimistic Rollup, ZK Rollup, Plasma, and Validium. Loopring uses ZK Rollups, a scalability solution allowing blockchains to validate transactions faster while also

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