• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, September 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Loopring Price Up 38% Amid Possible GameStop Partnership

margin707 by margin707
November 2, 2021
in News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

Last week, a leak in Loopring’s github repository hinted towards a potential Game Stop partnership, today the price is up almost 40%.

According to an article from a website called GameStop Due Diligence:

“Loopring has the technology that GameStop would require to bridge traditional e-commerce and blockchain”

While this by itself might not mean much, GMEdd discovered GameStop’s newly posted NFT job listings. GameStop’s job listings coincide with Loopring’s upcoming Q4 2021 launch which has new code labeled “NFT feature”

While we currently don’t have a confirmation of a potential partnership between Game Stop and Loopring, traders clearly believe that something is brewing. In the past 24 hours, Loopring’s price increased over 38%  from $1.02 to $1.43 at the time of writing.

Source: CoinMarketCap

There’s a common saying in crypto:

“buy the rumor sell the news”

As such, it’s not surprising to see the $LRC price rise while there are only rumors of a potential partnership brewing.

These price fluctuations are meaningless to long term investors who are looking to 10x or 20x their initial investment. However, seeing Loopring pick up hype trading volume is a great sign for $LRC’s future potential.

That's a new Loopring L2 daily record in trading volume🔥 pic.twitter.com/ni63b4CAMh

— Loopring💙 (@loopringorg) November 2, 2021

You can purchase LRC on most major exchanges such as Binance, Coinbase, KuCoin, Gemini and more. Currently Binance has the highest trading volume at $1.258 billion in the past 24 hours.

gamestop stock

GameStop ($GME) Stock

It’s also worth mentioning that the $GME stock registered some of it’s biggest moves today, increasing 3.46% in the past 24 hours.

NO GAS FEES, another reason $LRC is rising

In a reddit thread posted earlier today, u/delvo14827 explains how Loopring won’t have any Gas Fees.

He explains that Loopring is a layer 2 protocol, meaning that users can transact without gas fees while still enjoying the security of the Ethereum blockchain.

If you’ve used Ethereum before, you know that gas fees are a astronomical and can cost upwards of $100 for a single transaction. For the new crypto enthusiast such high fees are ludicrous and are a huge turn off for using the blockchain.

Loopring uses database called a Merkle Tree which is similar to an off-chain database. This allows users to make transfers without the need for gas fees.

If you want to learn more about Loopring, check out their official website.

Tags: loopringlrc
Previous Post

Decrypted – The First Bitcoin Comedy

Next Post

$2.7 Billion Worth of SHIBA INU Are on the Move!

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier