Loopring (LRC) Analysis

Market Cap

$530,200,870 USD

Volume (24h)

$40,667,839 USD

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Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Loopring Markets Rank: 17/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Loopring Volume Ratio Rank: 8/100

  • Market Cap

    The total cost of all coins available.

    Loopring Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    Loopring 24h Change Rank: 51/100

  • Social Following

    How many users are following this coin?

    Loopring Social Following Rank: 94/100

  • Google Trends

    How many users are searching for the coin?

    Loopring Google Trends Rank: 30/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Loopring Twitter Citation Rank: 29/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Loopring User Voting Rank: 99/100

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.

Loopring investment price
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.

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.

Loopring Rating

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

by Safety
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.