What is LRC crypto used for?

Loopring (LRC) is an open-sourced, non-custodial exchange-and-payment protocol on Ethereum . GameStop Corporation (NYSE: GME) on Wednesday launched the beta version of its NFT marketplace on Loopring’s protocol, heralding its entry into the NFT space.

As per the price predictions, the LRC price forecast is predicted to reach a minimum price level of $4.23 . The LRC price can reach a maximum price level of $5.66. The average Loopring price throughout the year will be around $4.76 as per the Loopring price prediction.

Loopring (LRC) is an ERC-20 token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs .