Today: 2021-12-03 Disclaimer: This is not a financial advice

Is it a Good Time to Buy Loopring Right Now?

Current Price
$2.6
All Time High: $3.75

Loopring is down -30.96367% from its highest price on 2021-11-10.

2/5
Avarage Daily Volume: $255,368,135.00

Loopring has a daily trading volume of $255,368,135.00 which it will make it super easy for you to sell your holdings of Loopring

Community

Loopring has 241188 total followers in all its social media accounts.

5/5
Exchanges

Loopring is listed on 100 exchanges

5/5
Price Potential

Loopring price value has the potential to increase to $84.24 in the next crypto bull run.
Which may take up to 5 years from now.

Overall Score

Our algorithm believes it's So Good time to invest in Loopring right now. We give it all overscore of

3.75/5

How to buy Loopring today

Open an account at the exchange below so you could buy Loopring today

gate io logopoloniex logo

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Summary of Loopring(LRC):

Loopring(LRC) today price is $2.6, which is down -30.96367% from it's all time high. The avarage daily volume is $255,368,135.00 and you can trade Loopring on 100 exchanges.

241188 people are following Loopring in all social media accounts.

Our algorithm believes it's So Good time to invest in Loopring with confident score of 3.75 out of 5.

What is Loopring(LRC)?

Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.  zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015. Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.