One Cryptocurrency Sustaining Above the Support Levels- Loopring (LRC)

Cryptocurrency Report.

One Cryptocurrency Sustaining Above the Support Levels- Loopring (LRC)

21 March 2024

| Read Time :5:00 Mins

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Founded in 2017, Loopring (LRC) is a blockchain-based cryptocurrency token, that allows users to build their own trading platforms where buyers and sellers can access multiple platforms for lowering risk and increasing liquidity. LRC has a market capitalization of ~USD 552.82 million (as per TradingView as of March 21, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 11.21 points (~0.23%) to 4931.82 for the week ending March 15, 2024. In the current week starting March 11, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

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