Loopring’s amazing price jump - but did it perform at the best of what it could? Power of crowd social sentiment
Assets covered: LRC
Metrics used: Price, Active Addresses 24h, Network Growth, Transaction Volume, Weighted Sentiment
Last week the crypto community welcomed Beta version of GameStop NFT Marketplace by Loopring which - rather expectedly - pumped its price straight to the sky. Well, not really to the sky but the growth was one the most prominent amongst other assets jumping from $0.65 to $1.15 which is practically double.
According to the official announcements minting NFTs using Loopring L2 will be both faster and cheaper - and that is exactly what the users of literally every product in the world want.
Being an extremely hyped up topic NFTs inevitably drive awareness and popularity among anything NFT-related.
At Santiment we understand that the market volatility is both unpredictable and at the same time greatly dependent on the crowd actions. Let us
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