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Loopring (LRC) Price Rises 50% After GameStop NFT Marketplace Integration

Meeting multiple needs within the cryptocurrency community is a way for a project to stand out from the competition and attract new users and liquidity to its ecosystem.

Loopring aims to do just that by aiming to offer an EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The Layer Two (L2) scaling solution uses zk-Rollups to provide fast, low-cost transactions and the project gained traction throughout March.

LRC/USDT 4 hour chart. Source: Trading View
Total number of Loopring wallets. Source: Dune Analysis
Looping volume traded per pair per day. Source: Dune Analysis
VORTECS™ score (green) versus LRC price. Source: Cointelegraph Markets Pro

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