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Loopring

Loopring priceLRC

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LRC
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1 LRC = 0.2743 USD
Last updated 2024-04-22 13:21:16(UTC-0)

Loopring price live data summary

The live price of Loopring is $0.2743 per (LRC / USD) today with a current market cap of $374.92M USD. The 24-hour trading volume is $14.32M USD. LRC to USD price is updated in real time. Loopring is +2.28% in the last 24 hours. It has a circulating supply of 1,366,805,000 .

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.

Loopring price prediction

Set your prediction

When is a good time to buy LRC? Should I buy or sell 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 Buy.
According to the LRC 1d technical analysis, the trading signal is Sell.
According to the LRC 1w technical analysis, the trading signal is Sell.
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Loopring price performance in USD

24h7d30d90d1yAll-time
+2.28%-0.18%-29.03%+24.55%-20.82%+448.61%

Loopring price history in USD

TimeLowHigh
24h$0.2627$0.2798
7d$0.2292$0.2798
30d$0.2128$0.4288
90d$0.2128$0.5527
1y$0.1599$0.5527
All-time$0.01986(2019-12-18, 4 years ago )$3.83(2021-11-10, 2 years ago )

Loopring market information

Market cap
$374,922,699.53
+2.28%
Fully diluted market cap
$377,037,295.81
+2.28%
Volume (24h)
$14,317,400.87
+10.70%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.0381
Circulating supply
1,366,805,000 LRC
Total supply / Max supply
1.37B LRC
1.37B LRC
ICO price
$0.06700 ICO details

Loopring ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Loopring Social Data

In the last 24 hours, the social media sentiment score for Loopring was 3, and the social media sentiment towards Loopring price trend was Bullish. The overall Loopring social media score was 4,496, which ranks 201 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,469,623 times, with Loopring being mentioned with a frequency ratio of 0.1%, ranking 291 among all cryptocurrencies.

In the last 24 hours, there were a total of 4,962 unique users discussing Loopring, with a total of Loopring mentions of 1,432. However, compared to the previous 24-hour period, the number of unique users increase by 22%, and the total number of mentions has increase by 35%.

On Twitter, there were a total of 11 tweets mentioning Loopring in the last 24 hours. Among them, 0% are bullish on Loopring, 0% are bearish on Loopring, and 100% are neutral on Loopring.

On Reddit, there were 92 posts mentioning Loopring in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 188% . Additionally, there were 0 comments mentioning Loopring. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
4.50K(#201)
Social contributors(24h)
4.96K
+22%
Social mentions(24h)
1.43K(#291)
+35%
Social dominance(24h)
0.1%
Twitter
Tweets(24h)
11
-68%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
757
Reddit posts(24h)
92
+188%
Reddit comments(24h)
0
0%

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.

How to buy Loopring (LRC)

Buying Loopring on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Loopring (LRC) .

Trade LRC perpetual futures

After having successfully signed up on Bitget and purchased USDT or LRC tokens, you can start trading derivatives, including LRC futures and margin trading to increase your income.

The current price of LRC is $0.2743, with a 24h price change of +2.28%. Traders can profit by either going long or short onLRC futures.

Join LRC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or LRC tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Loopring.

What is the current price of Loopring?

We update our Loopring to USD price in real time. Get the live Price of Loopring on Bitget.

What is the 24 hour trading volume of Loopring?

Over the last 24 hours, the trading volume of Loopring is $14.32M.

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.

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.
Cryptocurrency investments, including buying Loopring online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Loopring, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Loopring purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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LRC is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support LRC trades.
You can trade LRC on Bitget.

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