![Loopring [LRC] – Up by 15% and $5.7M in GameStop NFT trades, but…](https://i.headtopics.com/images/2022/7/19/cryptoamb/loopring-lrc-up-by-15-and-5-7m-in-gamestop-nft-trades-but-1549115175147638785.webp)
Loopring [LRC] - Up by 15% and $5.7M in GameStop NFT trades, but...
However, when compared to Opensea, the volume isn’t much. Especially since the prime NFT marketplace conducts over $16 million worth of transactions/trades in just 24 hours.Even so, as GameStop’s marketplace grows, it will find its place in the industry. One that has already overhauled the $40 billion in volume it generated in 2021 this year.Since the launch of the beta marketplace, LRC has been on an uptrend, rising to the effect of 19.91% to trade at $0.43.
14.44% of the aforementioned hike came in the last 24 hours alone, bringing the altcoin closer to flipping $0.45 into a support level again.Plus, with the broader market’s bullishness rising, the Relative Strength Index also seemed to highlight an increase in buying pressure. In fact, the recent hike has pushed the indicator into the positive zone after three months.
If this rally can sustain itself, Loopring might be able to improve its market value. This will be crucial to drawing in more investors and NFT traders alike.
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