Loopring posts a massive price gain overnight. The coin has gained more than 29 percent in the last 24 hours. This is shown by the data of coingecko. At the time of writing, LRC is trading at $1.10 with a market capitalization of $1.35 billion. This places the Ethereum Layer 2 protocol, which was developed for the operation of decentralized cryptocurrency exchanges, in 86th place among the most valuable cryptocurrencies.
The price increase correlates with a partnership Loopring has formed with GameStop to help create an NFT marketplace of game retailers. A beta phase of the trading platform was launched on Wednesday, March 23. In addition to the LRC price breakdown, GameStop stock may also increase in value. The stock blew up overnight, gaining nearly 14 percent and is now trading at $141.