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    Loopring price

    Loopring priceLRC

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    LRC
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    1 LRC = 0.1884 USD
    Last updated 2024-11-18 12:37:52(UTC-0)
    Buy LRC

    Loopring price live data summary

    The live price of Loopring is $0.1884 per (LRC / USD) today with a current market cap of $257.57M USD. The 24-hour trading volume is $159.86M USD. LRC to USD price is updated in real time. Loopring is 1.39% in the last 24 hours. It has a circulating supply of 1,366,806,900 .

    What is the highest price of LRC?

    LRC has an all-time high (ATH) of $3.83, recorded on 2021-11-10.

    What is the lowest price of LRC?

    LRC has an all-time low (ATL) of $0.01986, recorded on 2019-12-18.
    Calculate Loopring profit

    Loopring price prediction

    When is a good time to buy LRC? Should I buy or sell LRC now?

    When deciding whether to buy or sell LRC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget LRC technical analysis can provide you with a reference for trading.
    According to the LRC 4h technical analysis, the trading signal is Strong buy.
    According to the LRC 1d technical analysis, the trading signal is Strong buy.
    According to the LRC 1w technical analysis, the trading signal is Buy.

    What will the price of LRC be in 2025?

    Based on LRC's historical price performance prediction model, the price of LRC is projected to reach $0.1701 in 2025.

    What will the price of LRC be in 2030?

    In 2030, the LRC price is expected to change by +1.00%. By the end of 2030, the LRC price is projected to reach $0.2812, with a cumulative ROI of +106.37%.

    Loopring ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Loopring (LRC)

    What Is Loopring?

    Loopring is the first layer 2 that implements ZK-rollups as a scaling solution on Ethereum. Created in 2017, Loopring has grown to encompass a company, a protocol, a decentralized exchange, and a native token, LRC. Loopring is designed to address the pressing issues of high transaction fees and slow processing speeds on Ethereum mainchain and facilitate faster and cheaper transactions without compromising on security.

    Founded by the former Google software engineer, Daniel Wang, Loopring aims to redefine asset trading and payments on Ethereum. It serves as a protocol for constructing non-custodial, orderbook-based decentralized exchanges (DEX) on Ethereum, ensuring seamless trade routing and processing. By operating on a layer-2, Loopring inherits the robust security of the layer-1 mainchain while offering a more efficient transaction experience, thus bridging the gap between centralized and decentralized exchanges.

    Resources

    Whitepapers: https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.md

    Official website: https://loopring.org/

    How Does Loopring Work?

    Loopring operates using a cryptographic technology known as zkRollups. This technology allows for the batching of transactions, executing them outside the layer-1, thereby reducing costs significantly. The "zk" in zkRollups refers to "zero-knowledge" proofs, cryptographic techniques that enable one party to verify the truth of a statement without revealing any information about the statement itself.

    The Loopring protocol integrates cutting-edge cryptography and zkRollups to make the Ethereum blockchain more conducive for DeFi applications. It leverages a data link layer (Layer 2 or L2) to bypass the congestion issues commonly seen in the Ethereum network, offering users the ability to send Ethereum or ERC20 tokens instantly to any Ethereum address at a fraction of the layer-1 fees. Furthermore, Loopring entrusts ring miners with the task of executing orders in exchange for rewards, enhancing the efficiency and liquidity of decentralized exchanges.

    What Is The LRC Token?

    LRC, the native token of Loopring, plays a crucial role in the ecosystem. Initially made available to the public through an Initial Coin Offering (ICO) in August 2017, it functions as an ERC-20 token integral to the Loopring network. LRC holders can actively participate in Loopring governance and are eligible for various programs including VIP programs and liquidity mining. Moreover, it serves as a vital tool in incentivizing the correct utilization of the Loopring network, fostering a community-driven approach to decentralized finance.

    Loopring’s Impact on Finance

    Loopring stands as a harbinger of a new era in the financial sector, combining the strengths of both centralized and decentralized exchanges to create a unique, efficient, and secure trading platform. By facilitating direct connections between buy and sell orders and settling trades on a public blockchain, it eliminates inefficiencies and enhances transparency in the trading process.

    Furthermore, Loopring promises a transformative impact on the financial landscape by potentially revolutionizing the development of future decentralized exchanges. Its continuous evolution and deployment of new features offer a beacon of hope in a crypto space grappling with high transaction fees and low scaling rates, paving the way for a more inclusive and efficient financial ecosystem.

    What Determines Loopring’s Price?

    Recently, the Loopring (LRC) price today has garnered significant attention in the crypto community, primarily due to its notable advancements in the decentralized finance (DeFi) sector. Influenced by several determinants including technical breakthroughs and broader market trends, the LRC token price is under keen observation.

    As a layer-2 solution perched on the Ethereum blockchain, Loopring plays a pivotal role in alleviating the high transaction fees and sluggish speeds that plague the Ethereum mainchain. This has made Loopring (LRC) investment an enticing prospect for many. Investors and traders are constantly referring to the Loopring (LRC) price chart and Loopring (LRC) historical prices to navigate their investment decisions wisely. Various platforms provide insights into the real-time Loopring price, shedding light on its market dynamics.

    Loopring's price trajectories are intrinsically tied to its trailblazing technology and ongoing developments within its ecosystem. The fluctuation in the LRC cryptocurrency price often mirrors the project's milestones and upgrades. Loopring's integration of zkRollups technology, fostering faster and more affordable transactions without sacrificing security, stands as a prominent catalyst for its price volatility. Consequently, enthusiasts frequently seek Loopring latest news and Loopring (LRC) price forecasts to ascertain the potential paths of the LRC token price live. Moreover, metrics such as the LRC crypto market cap and LRC trading volume serve as vital indicators, reflecting the present LRC token value and predicting its growth potential.

    Conclusion

    In conclusion, Loopring, established in 2017 by former Google software engineer Daniel Wang, stands as a transformative entity in the cryptocurrency and blockchain sector, adeptly addressing the prevalent issues of high transaction fees and slow processing speeds on the Ethereum mainchain. Leveraging the groundbreaking zkRollups technology, it promises faster and cost-effective transactions without sacrificing security, bridging the gap between centralized and decentralized exchanges and fostering a community-driven approach to decentralized finance (DeFi). The native LRC token, a cornerstone in the Loopring ecosystem, empowers holders to actively engage in governance and avail themselves of various incentive programs, thereby promoting the network's optimal utilization. As a harbinger of innovation in the financial landscape, Loopring is poised to revolutionize the development of future decentralized exchanges, offering a beacon of hope in the crypto space grappling with scalability and transaction cost issues. Investors and crypto enthusiasts keenly monitor the LRC price, which mirrors the project's technological milestones and ongoing developments, hinting at a promising trajectory for this pioneering force in the DeFi sector. To stay updated with the latest trends and developments, enthusiasts are urged to consult Loopring's whitepapers and official website, thereby gaining comprehensive insights into its market dynamics and growth potential.

    Loopring price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +1.39%+28.31%+48.95%+44.03%-12.85%+275.87%

    Loopring price history in USD

    The price of Loopring is -12.85% over the last year. The highest price of LRC in USD in the last year was $0.5527 and the lowest price of LRC in USD in the last year was $0.1016.
    TimeLowHigh
    24h$0.1691$0.2113
    7d$0.1349$0.2148
    30d$0.1072$0.2148
    90d$0.1072$0.2148
    1y$0.1016$0.5527
    All-time$0.01986(2019-12-18, 4 years ago )$3.83(2021-11-10, 3 years ago )

    Loopring market information

    Market cap
    $257,568,118.58
    +1.39%
    Fully diluted market cap
    $258,899,752.39
    +1.39%
    Volume (24h)
    $159,856,046.51
    -7.64%
    Market rankings
    Circulation rate
    +99.00%
    24h volume / market cap
    0.6206
    Circulating supply
    1,366,806,900 LRC
    Total supply / Max supply
    1.37B LRC
    -- LRC
    ICO price
    $0.06700 ICO details
    Buy Loopring now

    Loopring Social Data

    In the last 24 hours, the social media sentiment score for Loopring was 3.7, and the social media sentiment towards Loopring price trend was Bullish. The overall Loopring social media score was 2,784,738, which ranks 263 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Loopring being mentioned with a frequency ratio of 0.07%, ranking 409 among all cryptocurrencies.

    In the last 24 hours, there were a total of 4,752 unique users discussing Loopring, with a total of Loopring mentions of 757. However, compared to the previous 24-hour period, the number of unique users increase by 3%, and the total number of mentions has decrease by 50%.

    On Twitter, there were a total of 34 tweets mentioning Loopring in the last 24 hours. Among them, 68% are bullish on Loopring, 0% are bearish on Loopring, and 32% are neutral on Loopring.

    On Reddit, there were 81 posts mentioning Loopring in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 16% .

    All social overview

    Average sentiment (24h)
    3.7
    Social media score (24h)
    2.78M(#263)
    Social contributors (24h)
    4.75K
    +3%
    Social media mentions (24h)
    757(#409)
    -50%
    Social media dominance (24h)
    0.07%
    X
    X posts (24h)
    34
    +48%
    X sentiment (24h)
    Bullish
    68%
    Neutral
    32%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    98
    Reddit posts (24h)
    81
    -16%
    Reddit comments (24h)
    0
    0%

    How to buy Loopring(LRC)

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    Loopring news

    See more
    Ethereum Foundation clears the air on $100 million transfer
    Ethereum Foundation clears the air on $100 million transfer

    Share link:In this post: Ethereum Foundation moved $94 million worth of ETH to Kraken, saying it’s for routine expenses, not a panic sale. Rumors are flying about insider trading, with some insiders allegedly profiting from secret info on Ethereum updates. Security is a mess with recent hacks, and people are questioning if the foundation is doing enough to protect the network.

    Cryptopolitan2024-08-23 16:00

    FAQ

    Is Loopring a good investment?

    Investing in LRC is promising due to Loopring's scalable solution for Ethereum developers. It offers the security and convenience of Ethereum with enhanced scalability and lower costs. Loopring's use of zero-knowledge proofs enhances security, making it appealing to the financial industry. As the first zkRollup scaling solution for Ethereum, Loopring has potential for DeFi applications, which could drive LRC's price, market cap, and demand, making it an attractive investment.

    What is the use case of Loopring?

    Loopring is a Layer 2 zkRollup scaling solution for Ethereum, offering enhanced efficiency and security. It boasts 1,000 times higher throughput than Ethereum, handling over 2,000 TPS with lower transaction costs. LRC is the native token used for utility, governance, and incentives within the ecosystem. Loopring provides an audited, decentralized protocol for non-custodial exchanges and payments. Zero-knowledge proofs ensure data and asset security while enabling high transaction speeds and lower gas fees. The Loopring Foundation oversees ecosystem development, focusing on decentralized trading platforms. Daniel Wang is the founder and visionary behind Loopring's Layer 2 zkRollup technology.

    What is price prediction of Loopring?

    Loopring's price can be influenced by various factors including project developments, asset flows on exchanges, public sentiment, and broader cryptocurrency and global economic trends. While LRC has a capped supply similar to Bitcoin, ongoing token burns reduce its available supply, potentially driving up its price. Demand for LRC is also fueled by the requirement for operators to lock up LRC to run DEXs on Loopring. Additionally, liquidity providers and governance rights holders contribute to LRC's demand, with the Loopring DAO set to play a role in its future.

    What makes Loopring unique?

    Loopring operates on Ethereum (LRC) and Neo (LRN) blockchains, offering trustless token exchanges. Unlike custodial systems, Loopring enables on-chain settlement of transactions. It serves as a platform with a blend of centralized and decentralized features, making it a valuable proposition for crypto users.

    Who are the founders of Loopring?

    Loopring (LRC) was founded in 2017 by software engineer Daniel Wang, with its initial coin offering (ICO) taking place in August 2017 and raising $45 million. Despite regulatory challenges in China, most of the funds raised were returned to ICO participants, and the rest was used for protocol development by the non-profit Loopring Foundation based in Shanghai. In December 2019, the protocol upgraded from Loopring 2.0 to Loopring 3.0, resulting in a significant efficiency improvement. Loopring also partnered with SwissBorg to integrate oracles during that period. After facing difficulties in finding third-party developers, Loopring launched its decentralized exchange in February 2020, offering both orderbook and automated market maker (AMM) trading, as well as functioning as a payment app.

    How many Loopring (LRC) coins are in circulation?

    Loopring (LRC) has a circulating supply of 1,245,991,469 LRC out of a maximum supply of 1,374,513,896 LRC. Over 20 million LRC tokens have been burned since the protocol's launch. Additionally, 10% of fees contribute to the Loopring DAO, which decides how to use the funds, including burning LRC to reduce its circulating supply.

    What is the current price of Loopring?

    The live price of Loopring is $0.19 per (LRC/USD) with a current market cap of $257,568,118.58 USD. Loopring's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Loopring's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Loopring?

    Over the last 24 hours, the trading volume of Loopring is $159.86M.

    What is the all-time high of Loopring?

    The all-time high of Loopring is $3.83. This all-time high is highest price for Loopring since it was launched.

    Can I buy Loopring on Bitget?

    Yes, Loopring is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Loopring guide.

    Can I get a steady income from investing in Loopring?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Loopring with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Loopring (LRC)?

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