Should You Buy Loopring After Its Plunge From a Record High?
Decentralized finance payment and liquidity token Loopring (CRYPTO: LRC) in the week after reaching an all-time high of $3.72 it touched on Nov. 10 tumbled about 38%, although it has since recovered some of the losses.
What's interesting is that there there are some hints of intriguing positive catalysts, including a possible alliance with one of the world's most notorious meme stocks. The speculation is vague and uncertain at this point, but Loopring may have the potential for a strong rise in the coming weeks, and lasting gains over the long term.
Loopring is a protocol that operates on top of an existing system, offering high levels of security in a completely decentralized format, along with an associated cryptocurrency native token. According to its website description, Loopring aims to make it so users don't need to "choose between security and performance," while offering "a low-fee, high-speed platform for trading, swapping, liquidity providing, and payments."
Source Fool.com
