Why Loopring's Cryptocurrency Is Plummeting Today

·2 min read
Why Loopring's Cryptocurrency Is Plummeting Today

The price of Loopring (CRYPTO: LRC) is rapidly falling in Monday's trading. The token was down roughly 9.7% over the previous 24 hours as of 4:15 p.m ET amid sell-off pressures for the broader cryptocurrency market. With a market capitalization of roughly $1.6 billion, Loopring ranks as the 71st largest token by market cap and is a fairly small cryptocurrency compared to top players in the space.