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This points to a strong likelihood of organic growth-based rally for Loopring
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ambcrypto.comLoopring, after shedding close to 40% over the last 10 days, seemed to be continuing an unprecedented run yet again. Even though the alt traded close to its ATH price of $3.8 noting over 40% weekly gains, its recent choppy price action brought forth speculations about the coin’s rally.
The altcoin had rallied on high positive social sentiment amid partnership rumors that gave way to higher gains. To many in the space, the alt’s rally seemed to be driven largely by speculations around rumors such as “Loopring partnering with GameStop in its NFTs.”
Further, another interesting rumor on LRC’s subreddit regarding the coin’s supply-demand dynamics seemed to be stirring the positive waves for price. According to the rumor circulating on Reddit,
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