Introduction.
Loopring Coin is an Ethereum token describing itself as “an open-sourced, audited, and non-custodial transaction protocol.” It desires to authorize anyone to create non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.
What Is Loopring Coin (LRC)?
LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed to build decentralized crypto exchanges.
In 2020, the average daily trading volume of the total cryptocurrency market fluctuated in the inaccurate range of $50-$200 million. Most of that trading is performed on centralized cryptocurrency trades — online platforms used by private companies that store users’ funds and enable matching to buy and sell orders.
Such platforms have several common downsides, so a new type of exchange — decentralized— has emerged to alleviate these disadvantages. However, fully decentralized sales are not without their drawbacks.
Loopring‘s purported plan is to incorporate centralized order corresponding with decentralized on-blockchain ordering payment into a hybridized development that will take the best parts of both centralized and decentralized exchanges.
LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on the Ethereum mainnet in December 2019.
History of Loopring.
Loopring Foundation, which examines the growth of the Loopring protocol, was established by Daniel Wang, a software architect and entrepreneur. Wang is the creator and presents CEO of the foundation, hailing from Shanghai, China.
Wang completed his bachelor’s degree in computer science from the University of Science and Technology, China. He also worked at companies like JD.com and Coinport.
The whitepaper of Loopring was established on September 8, 2018. Loopring performed an initial coin offering (ICO) in 2017 and increased 120,000 Ether, worth $45 million (USD equivalent at the time of offering). However, tightening rules roughly these offerings in China caused Loopring to replace a significant portion of the reserves grown in the ICO. According to Wang, the team refunded approximately 80% of the funds grown, and the Loopring team utilized the remaining resources to develop their exchange further.
Where Can You Buy Loopring Coin [LRC]?
If you want to buy Loopring at the current rate, the top cryptocurrency exchanges for trading in Loopring stock are Binance, Bybit, Deepcoin, BingX, and OKX.
Loopring Coin (LRC) Live Price, Market Cap, Volume, Supply.
| # | Name | Price | Changes 24h | Market CAP | Volume | Supply |
|---|
Loopring Coin (LRC) price prediction 2023-2033.
| Years | Avg Price | Lowest Price | Highest Price |
|---|---|---|---|
| 2023 | $3.42 | $2.74 | $4.11 |
| 2024 | $4.48 | $3.59 | $5.38 |
| 2025 | $5.87 | $4.70 | $7.05 |
| 2026 | $7.70 | $6.16 | $9.23 |
| 2027 | $10.08 | $8.06 | $12.10 |
| 2028 | $13.21 | $10.56 | $15.85 |
| 2029 | $17.30 | $13.84 | $20.76 |
| 2030 | $22.66 | $18.13 | $27.20 |
| 2031 | $29.69 | $23.75 | $35.63 |
| 2032 | $38.89 | $31.11 | $46.67 |
| 2033 | $50.95 | $40.76 | $61.14 |
Loopring Coin price prediction 2023
According to our analysis, Loopring’s price for 2023 should range between $2.74 to $4.11, and the average price of LRC should be around $3.42.
Loopring Coin price prediction 2024
According to our analysis, Loopring’s price for 2024 should range between $3.59 to $5.38, and the average price of LRC should be around $4.48.
Loopring Coin price prediction 2025
According to our analysis, Loopring’s price for 2025 should range between $4.70 to $7.05, and the average price of LRC should be around $5.87.
Loopring price prediction 2026
According to our analysis, Loopring’s price for 2026 should range between $6.16 to $9.23, and the average price of LRC should be around $7.70.
Loopring Coin price prediction 2027
According to our analysis, Loopring’s price for 2027 should range between $8.06 to $12.10, and the average price of LRC should be around $10.08.
Loopring Coin price prediction 2028
According to our analysis, Loopring’s price for 2028 should range between $10.56 to $15.85, and the average price of LRC should be around $13.21.
Loopring Coin price prediction 2029
According to our analysis, Loopring’s price for 2029 should range between $13.84 to $20.76, and the average price of LRC should be around $17.30.
Loopring Coin price prediction 2030
According to our analysis, Loopring’s price for 2030 should range between $18.13 to $27.20, and the average price of LRC should be around $22.66.
Loopring Coin price prediction 2031
According to our analysis, Loopring’s price for 2031 should range between $23.75 to $35.63, and the average price of LRC should be around $29.69.
Loopring Coin price prediction 2032
According to our analysis, Loopring’s price for 2032 should range between $31.11 to $46.67, and the average price of LRC should be around $38.89.
Loopring Coin price prediction 2033
According to our analysis, Loopring’s price for 2033 should range between $40.76 to $61.14, and the average price of LRC should be around $50.95.
FAQs
What is the price of 1 Loopring?
The price of 1 Loopring, according to the current market rate, is $0.28
What was the highest price of Loopring?
The highest price for Loopring was recorded on November 10 2021, during which LRC hit an All-Time High of $3.75
How Many LRC Tokens Are There?
The total supply of LRC tokens is capped at 1,375,076,040.
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