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Loopring

LRC

Loopring Market Stats

Loopring Price

$22,014.48

Loopring Price Change (24H)

$22,014.48

Loopring Price (24H Low)

$22,014.48

Loopring Price (24 High)

$22,014.48

Loopring Price (All Time High)

$22,014.48

Loopring Market Cap

$22,014.48

Loopring Volume (24H)

$22,014.48

Loopring Circulating Supply

$22,014.48

Loopring Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

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What is Loopring (LRC)?

Loopring (LRC) is a cryptocurrency that can be categorized as a layer-2 mechanism on the Ethereum network. This open-source verified token went beyond the limits of centralized exchanges by constructing decentralized methods for transactions. It is non-custodial; hence, anyone can build decentralized exchanges within it.

Traders no longer need a custodian or an intermediary to conduct transactions. Moreover, the network is swift, performing transactions faster than Ethereum.

It’s all thanks to launching the decentralized exchange (DEX). A problem may arise if DEXs do not communicate and distribute orders across a vast network. As a result, DEXs are constrained by the underlying blockchain’s scalability and efficiency.

Its relation to the Ethereum blockchain also makes it adopt the security strength of the network. It helps to ensure user access to their assets every time and limits exchange operators to the behaviour permitted by the protocol.

Loopring (Lrc) Coin - Comparewise

Who Created Loopring (LRC)?

Daniel Wang is the creator of the Loopring platform. Wang earned a Master of Science in Computer Science from Arizona State University. He worked first as a software engineer at Boston Scientific, then as a senior software engineer at Google.

The platform kicked off excellently and raised considerably during its first coin offering. Due to China’s strict rules, it refunded most of the money received from ICO participants. The Loopring Foundation, a Shanghai-based non-profit, spent the balance of the funds on building the protocol.

How Does Loopring (LRC) Work?

Loopring (LRC) delivers a higher speed than typical decentralized exchanges. Speedy transactions are made possible with the presence of “fast lanes.” This technology collects and completes the transactions outside the Ethereum chain; hence, there is no disturbance from Eth. To do this, the Ethereum blockchain uses zkRollups, a Layer-2 scaling solution. It groups transactions off-chain before submitting them as a single transaction.

This strategy reduces the number of transactions Loopring sends to the Ethereum network to be resolved. Hence, it trades quicker and cheaper.

The Ethereum network will also benefit significantly from this method, which is both more efficient and less taxing on the system.

To ensure the accuracy of off-chain transactions, Loopring must give proof of “zero knowledge,” which is what zkRollup calls for. ‘Zero knowledge’ proof is like presenting someone the answer to a computation without exposing the equations needed to arrive at it.

Buying tokens in a trading pair on certain exchanges necessitates selling the tokens in the same trading pair. Only then can the trade proceed.

When many orders are mixed in Loopring, it is called an “order ring” containing 16 orders. Each order can trade tokens independently if there is no opposing order. This technique considerably enhances the market’s ability to uncover and improve prices.

Is Loopring (LRC) a Good Investment?

Loopring provides a way to create decentralized, autonomous cryptocurrency exchanges that can function as well as centralized exchanges. The innovative cryptographic algorithms of zkRollup and the order ring system both improve efficiency and liquidity.

The technology behind this cryptocurrency is 1,000 times more efficient than Ethereum’s, yet it costs only 1/100th as much. Additionally, companies who want to build cryptocurrency exchanges but don’t want the regulatory burden of having control might benefit from utilizing this coin.

FAQs about Loopring (LRC)

How Many Loopring (LRC) Are There?

There are presently 1,245,991,469 LRC in circulation and a maximum supply of 1,374,513,896 LRC. Since the debut of the Loopring protocol, over 20 million LRC have been burnt.

How is Loopring (LRC) Secured?

The Loopring insurance fund was established to guard against the possibility of unanticipated bugs. Anyone can contribute LRC to this fund and receive a 10% cut of the fees. This is an addition to the zkRollup technology.

What Can You Use Loopring (LRC) for?

Anyone with LRC can participate in the network. Users can choose parameters using the token voting tool Snapshot and the Loopring DAO. Such parameters include the fee percentage, distribution proportion, and insurance fund trigger events.

Loopring News

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Loopring Community

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Best Loopring Wallets

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Manage multiple wallets in one platform
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IOTA
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Loopring Analysis

Loopring (LRC) Analysis Summary

For the LRC price projection, WalletInvestor uses AI and machine learning. Loopring’s historical data index is rated A by the AI.

By 2023, Loopring’s return on investment (ROI) is expected to be 113%. There will be a 236.1% ROI in 2024 and 359.3% in 2025. And in 2026, that will grow from 483.8% to approximately 602.3%. This shows positivity for Loopring through the rest of the time.

For TradingBeasts, this crypto coin’s price predictions are based on linear and polynomial regressions of historical data. There will be an average price of $0.5407648 in January of 2023. Afterward, there’ll be a price of $0.6018365 in January and $0.6769731 in December of 2024 for Loopring. In January 2025, the average price of this cryptocurrency will be $0.69215226 and $0.8234416 in December.

Lastly, for DigitalCoinPrice, Loopring (LRC) is expected to be on a positive trend till 2030. It’ll be worth an average of $0.60 by 2023. At the maximum, it will cost $0.64, while at the minimum, it will only cost $0.54. The average price in 2025 will be $0.81. It will range from $0.90 to $0.71 at its highest and lowest points.

Analysis Q&As

What is Loopring price today?

Loopring price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Loopring?

Loopring hit an all time high of [All High].

What was the lowest price for Loopring?

Loopring had an all time low of [All Low].

What was the 24 hours trading volume of Loopring?

The 24 hour trading volume of Loopring is [Volume].

Where can Loopring be traded?

You can trade Loopring on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Loopring in the market includes LRC/USD, Loopring/CAD, Loopring/EUR, Loopring/GBP, and Loopring/AUD. Loopring is a token that is related to the DeFi... categories.

What exchange is Loopring on?

Online traders can buy or sell Loopring (LRC) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Loopring Technicals

See Comparewise coin rating definitions for more information.

Loopring Price Statistics
Loopring Price Today

08/16/2022

Loopring Price

$22,014.48

Loopring Price Change (24H)

$22,014.48

Loopring Price (24H Low)

$22,014.48

Loopring Price (24H High)

$22,014.48

Loopring Price (All Time High)

$22,014.48

Loopring Market Cap

$22,014.48

Loopring Volume (24H)

$22,014.48

Loopring Circulating Supply

$121.3M

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