The cryptocurrency industry has been commemorated with records of Dogecoin (DOGE) and its replica projects for almost 2021.
After the legendary rally of Dogecoin, copy projects made a name for themselves in the market. The most recent of these was the Shiba Inu (SHIB).
The price of SHIB achieved a record increase in a short time, entering the top 10 and even briefly surpassing DOGE.
Why is the LRC Rising?
Now, there is a project that surpasses the rise of these two crypto money projects. Loopring (LRC) managed to surpass SHIB and DOGE’s 30-day rise.
According to the transmitted data, Ethereum network-based L2 solution LRC gained 790% in 30 days. During this time, SHIB was able to rise 91%, while DOGE only increased 10%.
The rise of the LRC price has accelerated since the beginning of this week and it looks like it’s due to a deal with GameStop.
Looking at Loopring’s Github code, it seems that this could be the network where GameStop will be launching their NFT collection.
LRC, which made an ICO in 2017 and collected $ 45 million in funds, later returned all these funds due to increasing regulations. Working on the Ethereum network, LRC also uses the very popular zkRollup technology. This means very fast and cheaper transactions.
This development first appeared on November 4, and the price rise has continued since then.
$LRC new Loopring x $GME code leak. At this point, it isn’t even speculation anymore. pic.twitter.com/dMvrCOE1qk
— Dejan (@dejandefi) November 3, 2021