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Price has increased by 107.26% in the last 1 year.
Loopring is currently trading 26.20% above the 200-Day SMA which is $0.30.
The 14-Day Relative Strength Index (RSI) is at 70.08 which indicates that the cryptocurrency is currently SELL and may trade sideways.
The number of green days in the last 30 days is 15 which is 50%.
Released 5 Years Ago on Aug,29 2017.
Over 96.77% of the total supply is in circulation.
Has high liquidity with 0.19980 volume to market cap ratio. The current market cap is $521.98M while the 24-hour volume is $104.29M
Loopring price today is $0.39 USD, which is Up by 1.20% over the last 24 hours. There has been an hourly Dip by -1.04%. Loopring's market cap currently sits at $521,984,679.74 USD, holding up for a market cap rank at #81. The volume were at $104,292,537.34 USD Loopring ranks no 81 in the market capitalization of Loopring is at $521,984,679.74 and its volume for 24 hours is $104,292,537.34. Loopring are under circulation, with total supply of 1.37B and the Maximum supply of 1.37B.
Loopring (LRC) is a decentralized trade (DEX) convention. The venture utilizes off-chain request informing and on-bind exchanges to guarantee that clients hold guardianship of their tokens. Loopring is blockchain-freethinker, implying that it tends to be utilized over different stages. It has 3 digital money tokens: LRC (Ethereum), LRN (NEO), and LRQ (Qtum). Each is utilized to empower exchanges without locking cryptographic money adjusts. Ring Miners coordinate, confirm, and settle exchanges by means of Order Rings put away on keen contracts. To date, Loopring has built up organizations with any semblance of PricewaterhouseCoopers (PwC), DeFi, and Berkeley.
Loopring isn't just a convention yet in addition a decentralized computerized execution framework that exchanges over the crypto-token trades, protecting clients from counterparty hazard and decreasing the expense of exchanging. By pooling the liquidity of digital forms of money, we are building the budgetary arrangement of things to come.
What is Looping (LRC)?
Users now have the option of trading without the involvement of a custodian or intermediary due to the decentralized exchange (DEX) introduction. A lack of interoperability and order sharing can cause liquidity issues. Additionally, since DEXs execute trades on chains, scalability and efficiency are determined by the chains on which they are based.
A decentralized exchange that rivals the performance of centralized exchanges can be built using Loopring (LRC), an Ethereum Layer-2 scaling protocol. Compared to Ethereum, the network can process 1,000 times more trades per second, each of which is only a fraction of a cent.
Like Ethereum's blockchain, Loopring's blockchain provides security, with users having access to their assets no matter what and exchange operators restricted to the protocol's expectations.
How Does Loopring Work?
As Loopring's key value proposition, its platform integrates advanced cryptography.
The Ethereum blockchain could be more suitable for Defi applications by utilizing zkRollups, as one example. Xiaomi, Matic, Optimistic Rollups, and Plasma compete for cryptographic proposals.
Taking advantage of zero-knowledge proofs, ZkRollups are described as promising by some advocates. Computer programs can claim data without sharing it.
Zero-knowledge proofs, for instance, could be used by government agencies to verify your age before leaving your exact birthdate on a website.
A zkRollup bundle's hundreds of trades into an Ethereum blockchain transaction allows users to first make cheap trades outside of Ethereum.
A zero-knowledge proof confirms the accuracy of these transactions on the blockchain.
Who Created Loopring?
Dan Wang founded Loopring, a website built on the back of data from JD.com and Google.
Loopring raised 45 million dollars in ether through an ICO in 2017. However, Loopring had to return much of its public sale proceeds due to tightening regulations around such offerings in China.
According to Wang, about 80% of the funds raised were returned, and the remaining proceeds were used to continue developing the exchange.
Centralized and decentralized cryptocurrency exchanges are combined in Loopring. As the only decentralized exchange built on the Ethereum blockchain, it achieves higher throughput and lower costs through its innovative use of zkRollups. Furthermore, it significantly improves centralized exchange security thanks to its non-custodial technology.
High-frequency trading strategies can now be used on DEXs because Loopring offers high-level performance capabilities. Cryptographic solutions are also utilized by Loopring to prevent frontrunning (when traders execute their own trades before pending transactions to profit from any price changes).
Users don't have to worry about anyone, company, or government getting in between them and their cryptocurrencies because the protocol is open source and audited and doesn't rely on external validators. Additionally, users receive a digital receipt once they make a deposit or withdrawal, which means that funds can always be recovered - even if there are technical difficulties.
Loopring's network is powered by this utility token. Liquidity providers, insurers, and DAOs (decentralized autonomous organizations) behave positively when using this protocol.
Using Loopring's on-chain data availability on a decentralized exchange requires at least 250,000 LRC. Without this feature, it is necessary to stake 1 million LRC to operate a DEX.
Deflation occurs with LRC due to token burning from fees and slashed stakes for operators who behave badly. Loopring's token price and market cap are affected by this decrease in total LRC supply over time.
It is also possible for those with less LRC to participate in the network if they lock up enough LRC to operate an exchange. AMM pools and order bookmakers receive 80% of the protocol fees; at least half of this amount goes to LRC pools and pairs.
The Loopring insurance fund was created to protect against unforeseen bugs. A proportionate share of 10% of fees is earned by anyone who deposits LRC into the fund.
Stakes from Loopring DAO users can govern parameters such as the percentage of fees, the proportion of costs distributed, and insurance fund-covered events using the Snapshot token voting tool.
|24h volume||$ 28.55 million ($ 28,552,639)|
|Market cap||$ 318.65 million ($ 318,646,726)|
|Fully diluted market cap||$ 496.57 million ($ 496,568,110)|
|Circulating supply||1.24 billion LRC (1,237,931,125.14 LRC)|
|Total supply||1.93 billion LRC (1,929,894,098.48 LRC)|
|Solana token address||0xbbbbca6a901c926f240b89eacb641d8aec7aeafd|
|Ethereum contract address|
|Issuance blockchains||Ethereum, Ethereum, Solana|
Loopring (LRC) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Loopring (LRC)
The current Loopring price is $0.39. In the last 24 hours, Loopring price has gone up by 1.20%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Loopring price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Loopring at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging LRC against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Loopring can be earned or received in various ways. LRC considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the LRC, including LRC to PHP, LRC to INR, LRC to NGN, LRC to THB, LRC to CAD, LRC to PKR, LRC to IDR , LRC to EUR , LRC to AUD , LRC to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 LRC is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can compare and check any crypto pairs like AGIX to LRC, FET to LRC, OXAI to LRC, SAND to LRC, GRT to LRC, JASMY to LRC, CAKE to LRC, LUNC to LRC.
The current price of the Loopring(LRC) is $0.39, with a current market cap $521,984,679.74.
The maximum supply of the Loopring(LRC) is around 1.37B.
LRC is a ticker symbol of the Loopring.
At the movement,1.33B Loopring tokens are already in the market out of 1.37B LRC.
No, It is not a stablecoin.
Loopring had an all-time low of $0.0198.
Loopring had an all-time low of $0.0198.
Daniel Wang is the founder of the Loopring(LRC) blockchain.
Loopring was created on 29 August 2017.
No, the Loopring (LRC) coin cannot be mined.
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