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Loopring (LRC) Analysis

Market Cap

$330,823,105 USD

Volume (24h)

$24,482,425 USD

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4.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Loopring Markets Rank: 16/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Loopring Volume Ratio Rank: 7/100

  • Market Cap

    The total cost of all coins available.

    Loopring Market Cap Rank: 98/100

  • 24h Change

    Is the price moving up or down?

    Loopring 24h Change Rank: 49/100

  • Social Following

    How many users are following this coin?

    Loopring Social Following Rank: 93/100

  • Google Trends

    How many users are searching for the coin?

    Loopring Google Trends Rank: 24/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Loopring Twitter Citation Rank: 54/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Loopring User Voting Rank: 98/100

Loopring investment analysis

LRC is a protocol for building decentralized exchanges. Their aim is to provide liquidity to traders and investors by allowing them to perform cross-platform token exchanges for cheaper fees than they normally would be able to achieve.

Their platform also allows investors to avoid transferring their financial assets to a centralized exchange platform. They can instead trade them directly from their own blockchain address. This helps to protect funds from exchange hacks and from the insolvency of cryptocurrency exchanges holding trader's coins hostage. This offering could also be regulator's worst nightmare as it would be impossible to police.

Their protocol can be implemented on any blockchain as long as it has support for smart contracts. While I find their solution to offer some very unique advantages to other DEXs they also have some big problems to work through, and I have a few reservations about a Loopring investment.

How to buy?
Loopring investment price
$0.269933
Loopring expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+201.7%
Loopring Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.814376
Loopring Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

95/4219
by Safety
2195/4219
by Profit
historical data

How to buy Loopring

It's possible to buy Loopring on many top level exchanges, and your platform of choice is most likely available. It also has multiple trading pairs, and it will be easy for you to acquire it with either Bitcoin or Ethereum depending on which one you prefer to use for your transactions.

LRC is an ERC20 token. This means that you can store it in any compatible Ethereum wallet that allows the storage of ETH assets. Some popular options are web-based My Ether Wallet, mobile wallet Coinomi, or the Ledger hardware wallet.

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Is it safe to invest in LRC now?

The technology behind Loopring is certainly interesting. They want to provide a platform that could potentially be quite useful in the future. Especially since they plan for it to be universally applicable to any smart contract enabled blockchain. Being able to trade assets from your own addresses from the safety of a wallet in your possession is an amazing feature.

While there are many decentralized exchanges trying to be the next up and comer this a unique feature that I've not seen in other chains yet, and it leaves me curious as to the applications. With the ever-looming threat of regulation and people in many countries whispering about bans on cryptocurrency, I foresee a mad rush in the near future for places to exchange these assets that can not be shut down, regulated to death or silenced.

While Loopring has many merits it also has a lot of problems. Its largest problem is that there is a lot of competition in this space. Many other platforms are launching their own DEX, even big players like Binance! If you invest in LRC you should be aware that they've got a very tough task on their hands. They do however have some equally big backers, namely NEO, but will this be enough to get them ahead of the pack? Nobody really knows.

In addition, they are doing another fundraising round, but they are creating a secondary token, LRX. It makes the whole process very confusing for investors, and I don't think this was planned. They simply just don't have the funding they need, and that's a little worrying.

Their resources are also not very informative. Their roadmap seems a little barren, and while they do give updates regularly I can't help but feel they could use some easier to digest media to get the point of their platform across easier to the general population.

In short, I do find LRC to be an exciting project. They have some very unique features that can set them apart from other DEXs, but these features need to be highlighted and communicated better through media. Their double token offering is also a little confusing, and I don't think that even holders of the original token quite know how it's going to work yet.

The secondary offering seems very disorganized and may even anger holders of the original token sale. If I were to invest in LRC I would most likely hold off for a while until I see how they handle the secondary token sale. Still, I would not write this one off, but simply wait for a good opportunity to acquire a small position due to their promising tech.

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Comments (1)

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Melissa 5/25/2018

This coin is beginning to gain prominence on several exchanges. Also, with the ring mining software, supporters and investors alike are a bit positive about the platform. Judging from its massive potentials, some might argue about it been undervalued, well if you ask me, I think potentials don’t pay the bills, results do, and until a project starts living what is right on the pages of its whitepaper, then it is justly valued, however, low you may think it is. And if its price skyrockets, then that should be considered an undeserved credit and something worth exploiting, with caution.