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Loopring price, market cap on Coin360 heatmap

Loopring(LRC)

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$0.44051
(-3.49%)
0.00001910 BTC
Market Cap (Rank#82)
$585,931,561
25,403 BTC
Vol 24h
$27,920,085
1,210 BTC
Circulating Supply
1,330,119,710.01
Max Supply
1,374,513,896
21 day agocryptodaily
Lido Finance Unveils Plans To Expand To Ethereum L2 Space
Lido Finance, a decentralized finance startup that provides liquidity as a service (LaaS), as well as working as a third-party staking pool operator for Ethereum 2.0, has announced plans to expand its platform to Ethereum's Layer 2 space. Layer 2 solutions are designed to scale the Ethereum network by moving some of the processing off-chain. This can help reduce congestion and transaction fees on the main network. Layer 1 is formed by the Ethereum blockchain, while Layer 2s are distributed ledgers built on top of the L1 that extend and scale Ethereum by performing transactions off of the Ethereum Mainnet. The announcement comes alongside Lido's disclosures of a proposal in which it is seeking to secure roughly two years worth of "operating runway" for its decentralized autonomous organization, Lido DAO. The amount is said to be aimed at being financed through stablecoins. Lido's plans for expansion will reportedly begin by supporting staking for Ether ($ETH) through bridges to Layer 2 solutions. This will be done by using a wrapped version of Lido's ETH staking token ($wstETH). The operational rationale behind this is to enable users to directly stake on Layer 2 solutions, without having to bridge back their assets on the Ethereum mainnet. Ethereum's Layer 2 space is currently being developed by a number of projects such as Plasma, Optimism, Celer Network, and Loopring. Lido's expansion into this area will help it compete with other staking providers such as Staked, Bison Trails, and Kraken. The move also signals a shift in focus for Lido, which until now has been focused on providing liquidity as a service. This is in line with the company's roadmap, which had hinted at plans to move into staking and other areas of DeFi. The team at Lido believes that by expanding its platform to support Ethereum's Layer 2 solutions, it will be better positioned to provide a more scalable and efficient service to its users. It remains to be seen how the market will react to this news, and whether Lido will be able to successfully compete in the already crowded DeFi space. Lido is, at the time of writing, the leading provider of staking services for Ethereum, with around a third of staked ETH (stETH) having been deposited. Lido claims to currently have over 4.25 million Ether (USD 6.5 billion) invested on its platform. According to Lido, the project was designed to be "network-agnostic" in that it could eventually support multiple Layer 2 solutions. However, the team has decided to focus its efforts on Ethereum for now, perhaps due to the platform's "dominant position" in the crypto industry, while still planning on expanding to other L2s as they progress and scale. To date, Lido has bridged its staking services with Argent and Aztec, two ZK-Rollup projects that have been gaining traction in the space. Lido also plans to launch its staking bridge on Optimism and Arbitrum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
26 days agocryptodaily
3 Cryptos That Could Help You Become A Millionaire: Gnox (GNOX), Kava (KAVA) And Loopring (LRC)
The dream of becoming a millionaire is not as far off as many people think. Crypto is developing at an astonishing rate, and blockchain technology will power the future. Protocols addressing unique verticals are created every day; future millionaires will be those who spot a promising protocol early on and make an investment. This article features three crypto projects with vast potential that could go on to create millionaires. Gnox (GNOX)First is Gnox, and it is featured first because of the development stage of the protocol. In its second presale stage, investors have the chance to join this protocol at the very beginning and make the entire journey with Gnox. Presales have been the greatest creator of wealth within the crypto sphere, with investors buying the token before it launches on the open market and essentially acting as venture capitalists. Gnox brings simplicity to Defi (decentralised finance) earnings and makes generating yield accessible to everyone. This reflection token is trailblazing a new form of investment by making it as simple as possible to participate in DeFi. GNOX holders will receive an hourly distribution of GNOX tokens and a monthly stablecoin reflection from the protocol’s treasury that is deployed in DeFi to generate yields for investors. Both earning angles are made possible by GNOX’s buy and sell tax tokenomics, and the developers have hard-built a protocol for long-term investors.Kava (KAVA)Kava is a fascinating project that uses its Tendermint consensus engine to bridge two chains making this project one of the first in the crypto sphere to utilise co-chain architecture. Building on the vast ecosystem of Ethereum and its solidity coding language and introducing the scalability of the Cosmos network, Kava has created a unique ultra-scalable layer one protocol designed for developers. The Kava protocol facilitates permissionless lending and borrowing and currently features a supply APR of 25.96% for BUSD, one of the most prolific stablecoins in the crypto sphere. Due to its co-chain architecture, the Kava protocol allows users to borrow unique digital assets not available on other DeFi lending protocols. The potential for growth within the Kava network is obscene. Loopring (LRC)Loopring has become one of the most hyped crypto projects within the community for a good reason. Loopring is a layer two scaling solution bringing ZK-Rollups (Zero-Knowledge Rollups) to the Ethereum network. The Ethereum network is the powerhouse of DeFi, with all the major protocols being built on it, but it suffers painfully slow transaction speed and super high gas fees. Loopring allows market participants to trade assets across Ethereum exchanges without paying Ethereum gas fees. It is an infrastructure built on top of the Ethereum network to reduce network congestion and makes trading digital assets within the ecosystem faster, cheaper, and far more efficient. Find Out More Here:Join Presale: https://presale.gnox.io/registerWebsite: https://Gnox.ioTelegram: https://t.me/gnoxfinancialDiscord: https://discord.com/invite/mnWbweQRJBTwitter: https://twitter.com/gnox_io Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
99 days agocryptosrus
Three Hot Altcoins For The Week Of May 2nd
As the market continues to not know what it wants to be when it grows up, these three coins are looking good.  Covered: Fantom (FTM) Helium (HNT) Loopring (LRC) Fantom (FTM) By checking the $FTM chart it looks like it is getting ready to pump. BTC is trying to stop it, but nevertheless, I’ve set […] The post Three Hot Altcoins For The Week Of May 2nd appeared first on CryptosRus.
131 day agozycrypto
Trending Crypto Assets after GameStop’s NFT Marketplace Announcement
The social trends analysis by Santiment’s experts confirms the growing interest in crypto projects such as Loopring and ImmutableX following the recent GameStop’s NFT Marketplace Announcement. While the overall crypto market still experiences high uncertainty, Loopring has demonstrated 28% positive social media dynamics during the past 7 days. GameStop has announced that the major part […]
134 days agocryptosrus
GameStop Files Wallet Trademark; Loopring Pops Off
GameStop keeps making inroads in its cryptocurrency strategy, while Loopring pops off.  Covered: GameStop Wallet Trademark Loopring Pops Off GameStop Wallet Trademark GameStop has filed a trademark for their GameStop Wallet. We are a crypto company now.$GME — Wet Dirt Kurt
135 days agocryptodaily
zkSNARKS Are Adding More Privacy And Scalability To Blockchain Networks
The need for privacy in DeFi and Web3 is a growing concern. In the current system, all transactions are recorded and stored in distributed public ledgers, making it easy for anyone to view a person’s transaction history and identify them by linking their on-chain activities. That’s a problem. Right? Well, there’s a thin line between privacy and anonymity. Privacy is good; anonymity isn’t. If all blockchain transactions are anonymous, it could lead to misuse. At the same time, if all on-chain transactions are easily accessible to everyone, it would also lead to abuse. Accordingly, the need for privacy in DeFi and Web3 presents a paradox: on the one hand, we need to be able to track transactions so that they can be audited; on the other hand, we don't want to reveal any information about individuals and their transactions, especially those which could be used to identify them. Fortunately, a solution in the form of Zero-Knowledge Proofs (ZKP) has emerged. In a nutshell, ZKP is a way for two people to prove that they know something without telling the other person what it is. Sounds interesting? Let’s take a closer look. Zero-Knowledge Proofs: The Basics The Zero-Knowledge Proof (ZKP), first proposed by MIT professors Silvio Micali and Shafi Goldwasser, and master cryptographer Charles Rackoff in their academic paper, "Knowledge Complexity of Interactive Proof-Systems," is a cryptographic protocol that enables two parties to prove to each other that they know some secret information without telling each other that very information. In the last couple of decades, the theory of Zero-Knowledge Proof has evolved significantly, with the “idea” finally becoming a reality. The term Zero-Knowledge (ZK) originates from the fact that no (“zero”) details about the “secret information” are revealed. Yet, the receiver (verifier) is provided with convincing “proof” that the sender (prover) knows the “secret information.” How is this even possible? The process is powered by a series of cryptographic algorithms which allow a "prover" to cryptographically demonstrate to a "verifier" whether a computational statement is accurate without revealing any data. From an application perspective, ZK addresses two core limitations of blockchain technology: privacy and scalability. There are two main types of ZK - interactive and non-interactive. While interactive ZKP requires the prover to complete a series of tasks to convince the “verifier” that they have the particular information, non-interactive ZKP requires no interaction between parties. Zero-Knowledge Proofs (ZKP) provide users with the necessary flexibility and freedom to control their information. Therefore, it is quite logical that, when combined, blockchain and ZKP can be used to address a diverse range of existing problems. Blockchain And Zero-Knowledge Proofs (ZKP) The concept of zkSNARK was first proposed in 2013, and ZCash was the first project to use it. Over the years, Zero-Knowledge has also been used in several Rollup projects aimed at increasing Ethereum’s scalability, throughput, and cost-efficiency. Some common projects leveraging zk-Rollups include Starkware, zkSync, Loopring, and Aztec. Following significant development and maturing way further than the original concept, zkSNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) has now positioned itself as one of the most potential solutions to enhance privacy across the DeFi and Web3 spectrum. For instance, Manta Network, the Substrate-based plug-and-play DeFi privacy protocol, has employed advanced cryptographic solutions like zkSNARK and Groth16 zero-knowledge proofs to add the much-needed privacy layer for the crypto ecosystem. To better understand the concept of zkSNARK and how Manta leverages it to offer end-to-end privacy, it is important to look at the consensus mechanisms that power blockchain networks. ZK serves two core functions: privacy and scalability from an application perspective. Zero-Knowledge adds a privacy layer to existing networks such as Bitcoin or Ethereum, allowing users to transfer their assets without revealing personal information like wallet address and amount. At the same time, instead of requiring all network participants to validate transactions, ZK can be used to generate cryptographically verifiable proofs that can be validated by others quickly and easily. To facilitate anonymous transactions, networks must follow certain conditions. For instance, ZCash delivers complete anonymity using zkSNARK based on Bitcoin’s core code. Such simple “anonymous transfers” rely on the hash encryption offered by Bitcoin. However, amid the increasing adoption of Web3, DeFi, NFTs, GameFi, SocialFi, and other blockchain-powered services, simple anonymous transfers no longer address the growing privacy needs of users. Manta Network And zkSNARKs To that extent, Manta Network has positioned itself as the layer-1 privacy solution for Web3 and DeFi. By leveraging zkSNARKs, Manta offers end-to-end anonymity, faster transaction speeds, and full interoperability with Polkadot and all of its parachains. At present, Manta is the only privacy solution that uses zkSNARKs and Groth16 rather than hardware to provide security and integration with mainstream assets, such as stablecoins. Through its range of products powered by zkSNARKs and Groth16, including privacy-preserving automated market maker (AMM) DEX MantaSwap and payment protocol MantaPay with built-in privacy, Manta helps users hide their wallet address, amounts, and other personal information entirely, thereby granting users the ability to mask their on-chain activities. Unlike existing privacy solutions, Manta is Web3-ready. The platform enables the privatization of other tokens from standalone networks, starting with the Polkadot and Kusama ecosystems. Furthermore, Manta uses Polkadot’s cross-consensus messaging (XCM) mechanism to establish seamless communication with other decentralized layer-1 networks that are part of the Polkadot ecosystem. Thanks to Manta’s Zero-Knowledge Proof implementation, the platform’s privacy-preserving features extend beyond regular token transactions. They can be used across the broader blockchain ecosystem, including DeFi, NFTs, GameFi, SocialFi, metaverse, and other futuristic use cases that emerge with the evolution of Web3. In addition to its privacy-oriented support, Manta Network also addresses the challenges of DeFi interoperability, scalability, liquidity, and ease of use. Manta’s privacy-preserving solution has attracted both investors and crypto enthusiasts. The project is backed by a consortium of angel investors and institutions, like ParaFi Capital, CoinFund, LongHash Ventures, Polychain Capital, and several others. The crypto community, too, is backing Manta Network, which is evident from the project’s convincing wins at both Kusama and Polkadot slot auctions. Privacy is critical for the mass adoption of blockchain technology and the universe of services it supports. With Manta Network tapping into the yet unrealized potential of zkSNARKs, Web3 became measurably safer and more private, all without compromising on decentralization, security, or other existing features. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
136 days agocointelegraph
Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration
Steady ecosystem growth and GameStop’s announcement that Loopring will underpin its NFT marketplace resulted in a double-digit gain for LRC price.
139 days agocointelegraph
GameStop NFT Marketplace now live and powered by Loopring L2
The beta version of GameStop’s NFT marketplace is now available, while the marketplace's official launch is expected to deploy soon.
139 days agocryptosrus
Is GameStop Forming A Throuple With Loopring And Immutable X?
Loopring announced that it’s partnering with GameStop, but that doesn’t mean GameStop is breaking up with Immutable X.  Covered: Loopring Announcement Boosts LRC Token How A Potential GameStop Loopring Immutable X Throuple Will Work Loopring Announcement Boosts LRC Token The future of #NFTs are here + they're powered by #Ethereum's second layer
139 days agocryptosrus
GameStop Forming Throuple With Loopring And Immutable X — Here Are The Details
Loopring announced that it’s partnering with GameStop. But that doesn’t mean GameStop broke up with Immutable X.  Covered: Loopring Announcement Boosts LRC Token How A Potential GameStop Loopring Immutable X Throuple Will Work Loopring Announcement Boosts LRC Token The future of #NFTs are here + they're powered by #Ethereum's second layer
139 days agocoindesk
Loopring’s LRC Up 34% on Beta Release of GameStop NFT Marketplace
GameStop’s GME stock was up 10% as well.
187 days agocointelegraph
Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators
GameStop will utilize Immutable X's solutions for trading and minting NFTs on its upcoming marketplace, while partnership discussions with Loopring are still ongoing.
198 days agocryptosrus
What Is Loopring?
Find out more about this layer-2 protocol on Ethereum that could increase security and reduce gas fees. Check out our “What Is Loopring?” guide to learn more. Covered: What is Loopring? Features of Loopring Partner & Team Tokenomics Welcome to 2022:the year of Ethereum L2s
214 days agocryptosrus
GameStop Considered Acquiring Loopring, The Former Employer Of Their Head Of Blockchain…
The Loopring GameStop rumors won’t seem to subside. It doesn’t exactly help knowing that Matt Finestone used to work for the layer-2 protocol…  Covered: Barron’s Loopring Scoop Matt Finestone, Head Of Blockchain Interesting ETH Wallet Interactions Barron’s Loopring Scoop Imagine if GameStop was a partner with Loopring. — Jade (@realCRAQUELURE) January 7, 2022 Yesterday, we […] The post GameStop Considered Acquiring Loopring, The Former Employer Of Their Head Of Blockchain… appeared first on CryptosRus.
215 days agocryptosrus
GameStop Is Close To Partnering With Two Crypto Companies; Loopring Moons
GameStop announced for the second time that it’s getting into NFTs, but this time they told the Wall Street Journal so everyone cares. But hey, Loopring holders aren’t complaining.  *This is a developing story. Check back for updates. I cannot control myself with buying more #loopring! I just wish they’d make the #gamestop announcement soon! […] The post GameStop Is Close To Partnering With Two Crypto Companies; Loopring Moons appeared first on CryptosRus.
230 days agobitcoinexchangeguide
Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3
Loopring also announced direct L2 fiat on-ramps to “onboard the masses” while ZK-rollups focused StarkWare targets applications’ need for specific tailoring with L3. The post Loopring Launches L2 Wallet with zKRollup Baked In, Ethereum L2 Developer StarkWare Introduces L3 first appeared on BitcoinExchangeGuide.
231 day agocryptosrus
Loopring Is Surging After The Release Of Their L2 Counterfactual Wallet And FIAT On-Ramps
Loopring (LRC) is surging today and is up about 18% in 24 hours, here’s why.  Covered Loopring Price Update Loopring Releases New L2 Counterfactual Wallet and FIAT On-Ramps Loopring Price Update Amid a green crypto market today, Loopring led all top 100 cryptocurrencies with an almost 20% gain in the past 24 hours. LRC is […] The post Loopring Is Surging After The Release Of Their L2 Counterfactual Wallet And FIAT On-Ramps appeared first on CryptosRus.
242 days agocryptodaily
Polygon Acquires Predicate Labs' Mir Protocol, Rebrands It To Polygon Zero
Polygon (formerly Matic Network), an Ethereum-based scaling solution, has announced its acquisition of Mir Protocol (operated by Predicate Labs Inc.), a zero-knowledge cryptography startup, for $400 million. This latest acquisition from Polygon follows its previous acquisition of Hermez Network, another ZK-Rollups-based Ethereum scaling solution, for $250 million back in August. The deal will see Polygon investing a maximum of 250 million units of $MATIC tokens (~$627 million). To date, several ZK-rollup-based Ethereum scaling technologies are available in the crypto market, albeit with limited functionalities: StarkWare's StarkEx, Loopring, and Matter Labs' zkSync. Of these projects, StarkEx maintains the highest total value locked (TVL), with almost $1.3 billion on its protocol. Loopring follows with some $630 million, while zkSync trails the pack from roughly $60 million. "Polygon plans to focus on ZK cryptography as the end game for blockchain scaling," shared Polygon co-founder Sandeep Nailwal. "We have made a strategic decision to explore and encourage all meaningful scaling approaches and technologies at this stage. We believe this is the way to establish Polygon as the leading force and contributor in the ZK field and onboard the first billion users to Ethereum," he adds. Mir Protocol is a blockchain startup that's using privacy tech to make Ethereum faster and cheaper. With its zero-knowledge crypotography solutions, blockchain transactions can be processed without all the data being revealed on publicly viewable blocks — helping with scaling as well as reducing gas fees. With Mir Protocol, external validators can authenticate encrypted transactions or papers without disclosing the concealed information using zero-knowledge algorithms. Mir Protocol's utilization of zero-knowledge proof (ZK-proof) technology will be beneficial to Polygon's planned expansion for the coming years, with extensive use cases in areas such as decentralized finance, persistent layering for Internet-of-Things applications, and other use cases that require zero-knowledge validation. Polygon claims that Mir Protocol has the most efficient and fastest ZK-proofs algorithms which allow it to scale the production of proofs and validate more transactions from a single record. "The Mir team has invested a lot of time developing and fine-tuning their ZK-proof technology called Plonky2," Polygon cofounder Mihailo Bjelic says. "It is a great piece of engineering," he Bjelic contiued. "Plonky2 can generate recursive proofs in an incredible 170 milliseconds on a laptop. Most importantly, plonky2 is practical to use on Ethereum, with 45kb proofs in size-optimized mode." Founded about two years ago by Brendan Farmer and Daniel Lubarov, the acquisition agreement for Mir Protocol was signed last November 26, a deal that involves 190 million $MATIC tokens as resources, and another set of $100 million in USDC stablecoins. The two co-founders will join eight other colleagues to become part of the Polygon team. The deal will undergo an initial vesting period of three years, with Mir's team being provided with the funds over this span of time, based on their deliverables and output. "The Polygon team is amazing," Brendan Farmer told "We share the same values and are very excited to work together." The acquisition deal will also see Mir Protocol becoming rebranded to Polygon Zero, with its primary project focused on the building of a ZK-rollup based on the ZK-proof tech it has already developed. According to Bjelic, the Polygon Zero ZK-rollup should be ready sometime next year. Meanwhile, with regards to the zkEVM (zero-knowledge Ethereum Virtual Machine) currently being developed by the Polygon Hermez team, a tentative launch date of mid-2022 was given by Bjelic. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
252 days agonulltx
Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout?
Loopring price continues to trade sideways at $2.7 after hitting an all-time high of $3.6 on November 10th. Loopring’s ecosystem continues to grow and recently placed as the fourth-largest Layer-2 network by market share, following Arbitrum, Boba Network, and dYdX. Is LRC ready for a breakout above $3? Let’s find out. What Is Loopring? Loopring […] The post Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout? appeared first on NullTX.
260 days agocryptodaily
How to Create a Leveraged Long-Position on DPI
Margin Trading, also known as Leverage Trading, is the use of borrowed capital to invest in cryptocurrency. If you want to deal with cryptocurrency, leverage trading is the way to go. It enables you to borrow capital from brokers in order to increase your purchasing capacity and offer higher profits. In simple terms, an investor or trader borrows funds to increase his exposure to a specific type of asset, project, or instrument beyond what would be possible if he relied solely on his own capital. Typically, leverage allows investors to multiply their purchasing power in the market. Leverage is applied in multiples of the trader's capital invested, such as 2x, 5x, or higher, and the broker lends this amount of money to the trader at the fixed ratio. Leverage can be used to buy (long) or sell (short) positions. It is important to note that both losses and profits will be multiplied. Leveraging In Crypto Trading Leverage is one of the most important and widely used features in cryptoasset trading. Trading with leverages became increasingly popular shortly after the establishment of centralized exchanges, despite the fact that the crypto market is volatile. The stock market gave an insight into how the crypto market could carry out leverage trading. Traders use leverage, just like in the traditional stock market, to either borrow money to increase their purchasing power or to exploit various types of financial derivatives, such as futures and options. Assume you want to invest $1,000 in Apple stock at a leverage ratio of one to ten. The margin will be 10%, which means you'll need to invest $100. If the current share price of Apple is $136, you will receive 7.35 Apple shares. It’s similar with crypto trading. In crypto margin trading, you can purchase $10,000 worth of Ethereum for $5,000. (by borrowing 50 percent or leveraging 2:1 or 2x). That is, you borrow the $5,000 you lack from a lender, whether an exchange or a lending platform, for which you may or may not pay a fee (interest on the money borrowed). This increases your potential gain (e.g., 5% returns on $10,000 of ETH instead of $5,000), but it also increases your potential loss (e.g., 5% loss on $10,000 of ETH instead of $5,000). And, if an interest fee is charged, it will accrue and be payable for the duration of your open position. On a platform like dYdX, users have the option of using isolated margin or cross margin. Isolated margin occurs when a specific amount of assets is "isolated" as part of a trade at a specific leverage. If a liquidation occurs, the losses are limited to your isolated position. Cross margin, on the other hand, uses all of the assets in your account and also considers the combined positions in your account when defining leverage and limits. The DeFi Pulse Index Leverage Trading The DeFi Pulse Index, launched in September 2020, includes the ten most popular DeFi tokens available on Ethereum: LEND, YFI, COMP, SNX, MKR, REN, KNC, LRC, BAL, and REPv2. Instead of purchasing all of these DeFi tokens and managing your own portfolio, you can simply purchase a single ERC-20 token that provides exposure to all ten tokens. The token is rebalanced on a monthly basis to reflect the current state of the market. The token can be used to hedge the market or as collateral on lending platforms like Aave or Compound, as well as yield farming protocols. Balancer is one of the most popular products on the index. They recently began offering a unique solution for traders struggling to pay high gas fees thanks to its integration with Gnosis protocol’s Cowswap. Trading ERC-20’s on Balancer’s DEX costs a fraction of transaction fees its competitors like Uniswap and Sushiswap Fuse created by Rari Capital, like Aave and Compound, is based on lending and borrowing pools where users can supply assets to earn interest while other users borrow those assets. All assets in Aave and Compound are combined into a single market and managed through governance; Fuse takes a different approach by introducing permissionless pools. Anyone can use this to set up their own isolated money markets. Because the pool is isolated, the pool creator can choose any assets, oracle, interest rate model, and so on. Risk Of Creating Position People frequently purchase leveraged tokens without fully comprehending how they work. There are a few risks you should know before you buy to avoid making a bad investment. Smart contract risk: Whenever you interact with a smart contract, there is always the risk of exploits that can jeopardize your funds. Most credible platforms conduct security audits, which are critical for getting an outside perspective on the code to ensure that everything is working as it should and that there are no edge cases, overflows, or other issues that hackers can exploit. Liquidation Risk: If you use a CDP, there is always the possibility of liquidation if the value of your collateral falls and you exceed your collateral ratio. Volatility: Volatility or the negative impact of volatility on the investment, is one of the most significant risks of leveraged tokens. A comparison is the best way to grasp this concept. Assume you want to buy Bitcoin and decide to spend $100 on it. After one day, the price has risen by 10%, and your investment is now worth $110. However, the price drops by 10% the next day, resulting in a $11 decrease. Your investment is worth $99. Tips To Maintain Position Pick carefully: As with any investment, proper due diligence should be performed before purchasing a new asset. This is especially true when purchasing on margin. Consider instruments with strong fundamentals and a track record of long-term growth. Don't follow the crowd and buy the latest hot stock or cryptocurrency. Test on a small scale: What better way to understand and succeed with margin than to start with it? Begin investing on margin to gain an understanding of the risks and costs involved, but start small. Set a target price: Always remember to set a target price and avoid becoming greedy, even if the asset has been performing well. This applies to both the winning and losing sides; however, make sure to set a limit for how much loss you are willing to accept. Holding on too long is a common trading mistake made by many investors. If you need to save yourself from extreme loss, use a DAO like Coordinape. DPI is leveraging on the future Leverages can increase profits while also increasing risks. Different financial products may provide traders with leveraged exposure in very different ways. Leveraged products, particularly in DeFi, may be powered by innovative models and new liquidity solutions not seen in traditional finance. Margin trading, when used correctly and as part of an overall risk management strategy, can be a very effective tool in your trading toolbox. DPI is the ideal index for anyone interested in leveraging DeFi. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
261 day agonulltx
Celer Network Price Up 19%, Is This the Next Loopring?
Celer Network price is up 19% today, making it the biggest gainer on Crypto.com. Currently trading at $0.15, with a 24 hour trading volume of $668 million, it’s clear that crypto markets are excited about CELR. Let’s take a closer look at Celer Network and its token CELR and see what all the hype is […] The post Celer Network Price Up 19%, Is This the Next Loopring? appeared first on NullTX.
263 days agonulltx
Loopring Price Up 26% After Vitalik’s Blog Post Mentions LRC
Loopring price is up over 26% today, making it the second biggest gainer on Crypto.com. With a 24 hour trading volume of $1.5 billion, the market is definitely excited about LRC this weekend. Let’s take a closer look at Loopring and LRC, and see why the price is rising. What Is Loopring? Just to make […] The post Loopring Price Up 26% After Vitalik’s Blog Post Mentions LRC appeared first on NullTX.
263 days agobitcoinexchangeguide
Bitcoin’s Longest Slump Since May Severs its Pandemic-era Correlation With Tech Stocks
The beating continues in the cryptocurrency market as Bitcoin drops to as low as $55,700 on Thursday and Ether to $3,970. This has the total cryptocurrency market cap dropping to $2.56 trillion. Some crypto assets like Loopring, Fantom, SHIB, NEAR, Zcash, LINK, and Kusama have fallen as much as 20% to 27% in the past […] The post Bitcoin’s Longest Slump Since May Severs its Pandemic-era Correlation With Tech Stocks first appeared on BitcoinExchangeGuide.
265 days agonulltx
Loopring Price Down 10%, Is LRC a Good Investment for 2022?
There’s no doubt that the cryptocurrency market has been experiencing a rough couple days. Loopring’s price decreased 10% today, as both Bitcoin and Ethereum continued to struggle with bearish momentum. Let’s see what’s been going on with Loopring, and whether or not LRC is a good investment for 2022. What Is Loopring? Just to make […] The post Loopring Price Down 10%, Is LRC a Good Investment for 2022? appeared first on NullTX.

About Loopring

The live price of Loopring (LRC) today is 0.44051 USD, and with the current circulating supply of Loopring at 1,330,119,710.01 LRC, its market capitalization stands at 585,931,561 USD. In the last 24 hours LRC price has moved -0.022524 USD or -0.05% while 35,403,800 USD worth of LRC has been traded on various exchanges. The current valuation of LRC puts it at #82 in cryptocurrency rankings based on market capitalization.

Learn more about the Loopring blockchain network and how it works or follow the price of its native cryptocurrency LRC and the broader market with our unique COIN360 cryptocurrency heatmap.

Founded by software engineer Daniel Wang and entrepreneur Jay Zhou, Loopring is a blockchain-agnostic, decentralized, token exchange protocol that can be implemented on any blockchain with smart contract functionality. Loopring is extensible and free and serves as a standard for building DApps that involve token exchanges. The protocol facilitates anonymous and trustless trading — the main reason it is considered suitable for creating decentralized exchange platforms and payment applications. 

Believed to be one of the best zkRollup (zero-knowledge rollup) Layer 2 solutions for the Ethereum blockchain, and also its first, Loopring processes faster yet secure transactions at 100x lower gas fees compared to native transactions on the Ethereum blockchain. 

LRC cryptocurrency is the native token of the Loopring protocol. It was released as an ERC-20 token, through an ICO in August 2017. However, the protocol itself was deployed on the Ethereum mainnet later in December 2019.

LRC price

LRC coin was launched in August 2017 through the Loopring ICO that raised 120,000 ETH — worth $45 million at that time. While the price of LRC at the time was $0.067, it quickly rose up to $0.13 by Aug. 31, 2017. 

As per our LRC live price chart, the coin’s next big push came towards the end of 2017 when, boosted by a market-wide uptrend, LRC coin registered a high of over $2 in January 2018. However, LRC couldn’t sustain that price for long, and after a temporary spike in May 2018, fell drastically in the months that followed. 

After that, LRC price remained well under $0.1 for almost two years, not showing much promise even after Loopring’s launch on the Ethereum mainnet in December 2019. The coin finally gained momentum near the end of 2020, when it rallied to breach $0.3 in September.

However, the real rally for Loopring (LRC) price came in 2021, where LRC went from under $0.20 to around $0.90 twice, once in February and then in May. A market-wide correction followed thereafter, but LRC had another big surge near the end of 2021, going from under $0.40 to as high as $3.85 on November 10, 2021. LRC’s fully diluted valuation at this all-time high was well over $5 billion. 

Most of LRC's value was lost in Q1 2022, however, and the $1 mark continued to act as resistance.

How LRC works

LRC cryptocurrency is the Loopring protocol’s utility token based on Ethereum’s ERC-20 standard, which fuels all its operations, including governance. Since a percentage of LRC is burnt each time a Loopring transaction is processed, it is a deflationary token and its circulating supply decreases with time.

LRC holders can even stake their tokens and receive a percentage of the transaction fees paid on Loopring-powered exchanges. Loopring claims that its throughput can go up to 2,025 TPS, while the cost per transaction is 100 times lower than that of Ethereum. In rough figures, the settlement cost works out to 450-800 GAS per trade on the Ethereum blockchain. From the users' perspective, they need to pay only a few cents in fees.

In order to use the Loopring protocol for a decentralized exchange, the developers must stake a certain minimum amount of LRC. The protocol, having built on the concept of zero-knowledge rollups (zk-rollups), bundles hundreds of Ethereum transactions and processes them on its Layer-2 sidechain. Being a Layer-2 scaling solution for Ethereum, Loopring inherits the security features and consensus mechanism of the former, which currently is transitioning from proof of work (PoW) to proof of stake (PoS).

LRC news, updates and highlights

In a major LRC news development, Loopring announced support for ERC1155 and ERC721 NFT minting, trading and transfers. As a result, users could instantly mint and trade NFTs, almost gas-free on Loopring L2, while retaining complete self-custody and benefiting from the security offered by Ethereum. The news was made public by Daniel Wang via a detailed post on Loopring’s official Medium in August 2021.

More recently, in March 2022, GameStop Corp., the popular American consumer electronics, video game and gaming merchandise retailer announced Loopring integration with its NFT marketplace. 

Frequently asked questions about LRC

  • Can you mine or stake LRC?

LRC is an ERC-20 token that cannot be mined. However, you can earn it by providing liquidity to a Loopring exchange. You may also stake your LRC coins to earn staking rewards.

  • What are some of the best LRC wallets?

Loopring has its own native wallet that can be installed and used on any iOS or Android device. Besides that, you can store your LRC coins in a wallet compatible with ERC-20 tokens, including MetaMask, Ledger Nano X/S, Atomic Wallet and Trust Wallet.

  • What can you do with LRC?

You can use LRC to pay transaction fees on a Loopring-powered crypto exchange. You may also stake it to earn staking rewards and/or exchange it for other well-known cryptocurrencies on exchange portals.

  • How to buy LRC?

The ideal way to buy LRC is from an established crypto exchange, either with fiat currency, or using crypto coins you already hold. Look out for popular trading pairs like LRC/USDT, LRC/BTC, LRC/DOGE and LRC/ETH to execute the swap.

Loopring Price0.44051 USD
Market Rank#82
Market Cap585,931,561 USD
24h Volume27,920,085 USD
Circulating Supply1,330,119,710.01 LRC
Max Supply1,374,513,896 LRC
Yesterday's Market Cap598,496,450 USD
Yesterday's Open / Close0.472481 USD / 0.449957 USD
Yesterday's High / Low0.479668 USD / 0.441621 USD
Yesterday's Change
-0.05% ( 0.022524 USD )
Yesterday's Volume35,403,800 USD
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