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Is Loopring [LRC] beginning to show underlying strength despite…
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ambcrypto.comLoopring, the poster boy of scalable Ethereum-based solutions is having a tough time of late. Back towards the end of ‘Uptober‘ 2021, LRC had rallied just shy of 1000% in a matter of two weeks. But since then, it has had a huge fall. It practically slid down a slope of valuations and is currently standing at a meager market capitalization of ~$660 million.
Technically speaking, there’s little hope for the coin. Down nearly 90% from its all-time-highs, no technical indication points to any kind of meaningful recovery at the moment with the current market-wide bearishness in mind. This is despite the fact that LRC is one of the most used tokens by the top 100 Ethereum whales in the past 24 hours.
<p lang=«en» dir=«ltr» xml:lang=«en»>JUST IN: $LRC @loopringorg one of the MOST USED smart contracts among top 100 #ETH whales in the last 24hrs Read more on ambcrypto.comAbout this in other media
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