What is the outlook for Loopring?

Could you please elaborate on the current and potential future outlook for Loopring? As a cryptocurrency, it has garnered significant attention recently, but what are the key factors that could influence its success or failure in the long term? What are some of the challenges it faces in terms of adoption, scalability, and competition from other decentralized exchange platforms? Also, what are some of the strategies Loopring is employing to ensure its sustainability and growth in the rapidly evolving crypto market?