Loopring

Name: Loopring
Brand: Cryptocurrency
SKU: LRC
Price: 0.0948661429276549548 GBP
Availability: InStock

LRC

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Loopring

Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Resources

Loopring (LRC) is an Ethereum-based cryptocurrency token that forms part of an open protocol designed for the construction of decentralized crypto exchanges. The protocol aims to amalgamate the benefits of centralized order matching with decentralized on-blockchain order settlement, creating a hybrid product that aims to incorporate aspects of both centralized and decentralized exchanges. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017, and the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Loopring operates by combining elements of centralized and decentralized cryptocurrency exchanges to create a protocol that aims to utilize their advantages and eliminate inefficiencies. The protocol manages orders in a centralized manner but settles the trades on-blockchain. It also combines up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs. This approach aims to increase the efficiency of order execution and enhance the liquidity of decentralized exchanges. The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol. Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.

Loopring's primary use case is to provide a platform for the building of decentralized crypto exchanges. By combining the advantages of centralized and decentralized exchanges, Loopring aims to offer streamlined and clear trading experience. The protocol's hybrid approach seeks to eliminate the custodial and transparency risks associated with centralized exchanges, while also addressing the efficiency and liquidity issues often associated with decentralized exchanges. Furthermore, Loopring's protocol allows for the creation of circular trades, which can potentially enhance liquidity and order execution efficiency.

Loopring was founded by Daniel Wang, a software engineer and entrepreneur based in Shanghai, China. Wang has held multiple managerial and executive positions in major tech companies, including Google and the Chinese e-commerce giant JD.com. He has also co-founded several companies, including the cryptocurrency services firm Coinport Technology Ltd. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017. The Loopring protocol was first deployed on Ethereum mainnet in December 2019. Since its inception, Loopring has been aiming to improve the cryptocurrency trading experience by combining aspects of both centralized and decentralized exchanges.

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Market

United Kingdom Market stats

Market cap

£129.3M

Volume (24h)

£10.2M

Circulating supply

1.4B LRC

Typical hold time

38 days

Popularity

#250

All time high

£2.30

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.12%

Price change (1d)

+10.93%

Price change (1w)

+4.1%

Price change (2w)

+3.19%

Price change (1m)

-1.85%

Price change (1y)

-32.47%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Loopring on social media

8,760 unique individuals are talking about Loopring and it is ranked #601 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Loopring has an average sentiment score of 3.4 out of 5. Finally, Loopring is becoming more newsworthy, with 0 news articles published about Loopring. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Loopring. There were 67.14% of tweets with bullish sentiment compared to 6.83% of tweets with a bearish sentiment about Loopring. 26.03% of tweets were neutral about Loopring. These sentiments are based on 850 tweets.

On Reddit, Loopring was mentioned in 0 Reddit posts and there were 0 comments about Loopring. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

8,760 people

Posts

722 posts

Dominance

0.04%

Volume rank

#601

Average Sentiment

3.4 out of 5

Twitter

Tweet Count

850 people

Sentiment

67.14%

Bullish

26.03%

Neutral

6.83%

Bearish

Loopring Calculator

How much is 1 LRC?

Conversion Table

LRC/USD (United States Dollar)

$0.13

LRC/CAD (Canadian Dollar)

CA$0.17

LRC/GBP (British Pound)

£0.0949

LRC/JPY (Japanese Yen)

¥18.01

LRC/INR (Indian Rupee)

₹10.54

LRC/BRL (Real)

R$0.68

LRC/EUR (Euro)

€0.11

LRC/NGN (Nigerian Naira)

NGN 206.63

LRC/KRW (South Korean Won)

₩167.39

LRC/SGD (Singapore Dollar)

S$0.16

Loopring is on the rise this week.

The price of Loopring has increased by 0.12% in the last hour and increased by 10.93% in the past 24 hours. Loopring’s price has also risen by 4.10% in the past week. The current price is £0.0949 per LRC with a 24-hour trading volume of £10.17M. Currently, Loopring is valued at 95.88% below its all time high of £2.30. This all-time high was the highest price paid for Loopring since its launch.

The current circulating supply of Loopring is 1,366,806,970.189 LRC which means that Loopring has as total market cap of 1,366,806,970.189.

FAQ

What is the current price of Loopring?

We update our Loopring to GBP currency in real-time. Get the live price of Loopring on Coinbase.

What is the market cap of Loopring?

The current market cap of Loopring is £129.32M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Loopring?

The all-time high of Loopring is £2.30. This all-time high is highest price paid for Loopring since it was launched.

What is the 24 hour trading volume of Loopring?

Over the last 24 hours, the trading volume of Loopring is £10.17M.

What other assets are similar to Loopring?

Assets that have a similar market cap to Loopring include Basic Attention Token, Moonbeam, SafePal, and many others. To see a full list, see our comparable market cap assets.

How many Loopring are there?

The current circulating supply of Loopring is 1.4 billion.

What is the typical holding time of Loopring?

The median time that Coinbase customers hold Loopring before selling it or sending it to another account or address is 38 days.

What is the relative popularity of Loopring?

Loopring ranks 38 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Loopring?

Currently, 95% of Coinbase users are buying Loopring. In other words, 95% of Coinbase customers have increased their net position in Loopring over the past 24 hours through trading.

Can I buy Loopring on Coinbase?

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

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.