{"id":422015,"date":"2022-03-26T22:05:00","date_gmt":"2022-03-26T19:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/"},"modified":"2022-03-26T22:05:00","modified_gmt":"2022-03-26T19:05:00","slug":"loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/","title":{"rendered":"# Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41307a4cc39\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41307a4cc39\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/#%E2%80%9D_Loopring_LRC_price_surges_by_50_after_GameStop_NFT_marketplace_integration_%E2%80%9C\" >&#8221; Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration   &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/#GameStop_selects_Loopring_for_its_upcoming_NFT_Marketplace\" >GameStop selects Loopring for its upcoming NFT Marketplace<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/#Surging_user_growth\" >Surging user growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\/#An_expanding_ecosystem\" >An expanding ecosystem<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Loopring_LRC_price_surges_by_50_after_GameStop_NFT_marketplace_integration_%E2%80%9C\"><\/span>&#8221; Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.\u00a0<\/p>\n<p>Loopring aims to do exactly this by aiming to offer a EVM-based solution with low fees where DeFi and NFT developers and investors can transact. The layer-two (L2) scaling solution utilizes zk-Rollups to provide fast, low-cost transactions and the project has been gaining traction throughout the month of March.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of LRC gained 57% between March 21 and March 23 as its price increased from $0.78 to $1.23 amidst a spike in its 24-hour trading volume to $2.75 billion. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/0cdfa935-b871-4d72-86c0-007684b71e81.png\"><figcaption style=\"text-align: center;\"><em>LRC\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three developments that have helped spark the reversal in price for LRC include the beta launch of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop NFT marketplace on the Loopring network, the inflow of new users and a rapidly expanding NFT ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"GameStop_selects_Loopring_for_its_upcoming_NFT_Marketplace\"><\/span>GameStop selects Loopring for its upcoming NFT Marketplace<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most significant recent development that helped to drive the\u00a0 increase in demand for LRC was the March 23 announcement that GameStop has integrated the beta version of its NFT marketplace with the Loopring network. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The future of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTs<\/a> are here + they&#8217;re powered by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a>&#8216;s second layer<\/p>\n<p>Loopring L2 x <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GameStop?ref_src=twsrc%5Etfw\">@GameStop<\/a> <\/p>\n<p>Power to the players.<br \/>Power to the creators<br \/>Power to the collectors.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/L222?src=hash&amp;ref_src=twsrc%5Etfw\">#L222<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0gdvKLivfp\">https:\/\/t.co\/0gdvKLivfp<\/a><\/p>\n<p>\u2014 Loopring\u200d\u2620\ufe0f (@loopringorg) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/loopringorg\/status\/1506548697689063429?ref_src=twsrc%5Etfw\">March 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>GameStop reports that it chose Loopring to host its NFT marketplace due to the network&#8217;s ability to mint NFTs for a fraction of the cost required on Ethereum, with the average fee being less than $1. <\/p>\n<p>Beta users can begin exploring the marketplace now and deposit funds in preparation for the platform&#8217;s full lauch which is expected to take place in the near future. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Surging_user_growth\"><\/span>Surging user growth<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second factor putting wind in the sails of LRC has been the surge in new users in the Loopring ecosystem as evidenced by the record-high number of wallets joining the netw. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/88be8503-55f7-4327-9f54-bfd97559447e.png\"><figcaption style=\"text-align: center;\"><em>Total number of Loopring wallets. Source: Dune Analytics<\/em><\/figcaption><\/figure>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.xyz\/queries\/15512\/31199\">data<\/a> from Dune Analytics, the wallet count of the Loopring network has increased from 6,498 on Oct. 30, 2021 to an all-time high of 27,092 on March 25 as the GameStop announcement helped initiate a new of wave users. <\/p>\n<p>The recent release of the Loopring Smart Wallet, which includes the ability to mint NFTs and retrieve a lost account via <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> recovery and Guardians, has also helped in the process of onboarding new users and wallets in the ecosystem. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>GameStop stock up on rumors of Microsoft NFT game partnership<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"An_expanding_ecosystem\"><\/span>An expanding ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor helping to boost the outlook of LRC is the overall growth of its ecosystem which includes a NFT community that has already seen more than 1 million NFTs minted. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Over 1 Million NFTs have been minted on Loopring L2 since the launch of open <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\">#NFT<\/a> minting less than a month ago <\/p>\n<p>Come join our amazing community of L\u00f6\u00f6pers in the Discord + mint some ultra-secure NFTs on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> for less than a dollar<br \/>\u27a1\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/hL5HQ3Ba8w\">https:\/\/t.co\/hL5HQ3Ba8w<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PQIb9jokFK\">pic.twitter.com\/PQIb9jokFK<\/a><\/p>\n<p>\u2014 Loopring\u200d\u2620\ufe0f (@loopringorg) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/loopringorg\/status\/1504810566602399746?ref_src=twsrc%5Etfw\">March 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Further evidence of its growth can be found looking at the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.xyz\/queries\/18075\/36562\">volume<\/a> traded on Loopring, which experienced a significant spike in activity following the March 23 GameStop announcement. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/60d4af2e-bf98-4164-a116-3dc4227b6ff9.png\"><figcaption style=\"text-align: center;\"><em>Loopring volume traded per pair per day. Source: Dune Analytics<\/em><\/figcaption><\/figure>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for LRC on March 20, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/f25f2a8c-3333-4956-9ccb-760870e2b1d9.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. LRC price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for LRC climbed into the green zone on March 19 and proceeded to hit a high of 88 on March 20, around 40 hours before the price increased 57% over the next two days.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/loopring-lrc-price-surges-by-50-after-gamestop-nft-marketplace-integration\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration &#8220; Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.\u00a0 Loopring aims to do exactly this by aiming to offer a EVM-based solution with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":422016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjZlZjVhYzEtZmVjNi00MjU0LTk2NzctMzZkYjYxN2RlYzY3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74868,74891,95119,75150,105688,95118,73785],"class_list":["post-422015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-layer2","tag-market-update","tag-markets-pro","tag-nft","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/422015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=422015"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/422015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/422016"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=422015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=422015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=422015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}