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The LRC is a promising cryptocurrency to invest in as Loppring’s scaling solution offers an attractive ecosystem for Ethereum developers to build projects on. The Loopring protocol offers all the security and convenience of the original Layer 1 Ethereum network but with greater scalability, lower costs, and higher throughput.

In addition, Loopring’s use of zero-knowledge proofs for validation makes its network extremely secure for mainstream financial institutions to leverage. It serves to eliminate one of the biggest concerns holding back the adoption of blockchain technology among the global financial industry - security.

The first zkRollup scaling solution for Ethereum, Loopring has the potential to become an attractive platform to develop mainstream DeFi applications. An increase in its use by DeFi protocols can power up the Loopring price, market cap and demand, making it an attractive digital asset to invest in.

Although it is impossible to make an accurate LRC price prediction over any given period of time, there are several factors that could support a rally in the Loopring price in the future. One of the biggest reasons driving up the price of any cryptocurrency, Loopring in this case, is a positive sentiment among investors towards the market.

The bull run in 2021 saw the Bitcoin price rally to a new ATH near $70,000 and also helped many other digital assets across the board post strong gains. A similar uptick in investor interest can take the LRC price to new highs as well.

The Loopring price can also touch new highs on the back of higher adoption of DeFi - its primary purpose. As more DeFi projects and decentralized exchanges launch on Loopring, the on-chain activity can rise and take the LRC price upwards.

GameStop is one of the biggest names using Loopring’s decentralized prowess. From announcing the GameStop NFT Marketplace powered by Loopring L2 in March 2022 to launching its very own self-custodial Web3 Ethereum wallet using its technology, Loopring’s zkRollup technology is helping GameStop enter the world of crypto.

The news of GameStop’s NFT marketplace integration with Loopring had driven strong gains in the LRC token price in late March 2022. The Layer 2 scaling solution has helped the company enjoy Ethereum compatibility with its EVM solution, but with far lower transaction costs and faster transaction speeds.

In May 2022, GameStop announced the launch of its non-custodial wallet powered by Loopring’s zkRollups, which will allow its users to manage their digital assets more conveniently. The GameStop Web 3.0 wallet can also be launched as a mobile app for use on smartphones, and when this feature rolls out, Loopring could enjoy more traction in the market, making its crypto even more valuable.

Here are the several ways owning Loopring can offer you a stream of passive income:

Staking

You can stake LRC on Loopring-based exchanges and centralized exchanges to generate a stream of passive revenue. The amount you earn can vary based on the number of LRC tokens you stake, duration, liquidity, demand, and the overall market sentiment.

Lend Liquidity

You can also lend liquidity within the Loopring ecosystem as well as on centralized exchanges to earn exciting returns. Becoming a liquidity provider in AMM pools on Loopring decentralized exchanges can help you grow your investment in this crypto.

Insurer

The zkRollup technology of Loopring leverages an insurance fund into which you can deposit your LRC holdings and earn returns. 10% of all protocol fees earned within the Loopring ecosystem will be distributed as rewards to insurers.

KuCoin Crypto Lending

KuCoin’s Crypto Lending feature offers the easiest way to earn passive income with Loopring (LRC). Simply head to this page on the KuCoin platform and search for the LRC token.

Enter the number of LRC crypto you wish to lend liquidity, select the duration - choose from 7 days, 14 days, or 28 days. You can then see the daily interest rate on offer as well as an estimated profit you could earn.