Loopring rises 12% – 3 factors that will help LRC bulls further

Loopring’s price has increased by 12%, indicating potential for more gains. Daily trading volume surged by 2,383%, enhancing market interest in LRC as it reached $332 million within 24 hours, more than doubling its market cap of $136.15 million.

A breakout from a triangle pattern signifies bullish momentum for Loopring. On-chain metrics, including active addresses and rising transaction volume, reinforce confidence in LRC’s prospects, especially as trading activity escalates on exchanges like Bithumb and Binance.

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