$LRC From the daily chart, this coin is still at the bottom. This wave of increase is quite direct: it previously dropped too harshly, crashing from a high point down to nearly 0.047. After the overselling, there was naturally a demand for a rebound. Coupled with the recent increase in trading volume, the bottom-fishing funds have first raised the price.
Looking at the news, the Loopring protocol has just launched the LRC staking feature. After community voting, the number of locked positions has increased and the circulation has decreased, which can naturally support the price.
Additionally, their recent supply chain system with Lianyi Rong has achieved a daily processing volume exceeding 200 million, and the implementation scenarios are solid, which has improved market expectations.
Moreover, with the current slight recovery in the crypto market sentiment, the oversold LRC has been picked up by funds.
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