Loopring Price (LRC)

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$0.1731-2.18%1D
Uphold
LRC
USD
1 LRC =$0.1731Last updated:
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Price of Loopring (LRC) today

As of the latest data, Loopring (LRC) is currently priced at $0.1733 with a market capitalization of $371.99M. The 24-hour trading volume stands at $14.21M, The circulating supply of Loopring is approximately 1.37B. The cryptocurrency has seen a -2.09% decrease in value over the past 24 hours.

About Loopring (LRC)

Loopring (LRC) is a cryptocurrency asset known for its innovative technology and features. The asset aims to revolutionize the way decentralized exchanges operate, offering a secure and efficient platform for trading digital assets. With a focus on scalability and interoperability, Loopring utilizes cutting-edge technologies to provide users with a seamless trading experience. The asset's whitepaper outlines its design and protocols, showcasing its commitment to transparency and innovation. Loopring's website and social media accounts offer users valuable resources and updates on the project's development. Overall, Loopring is a promising asset for those looking to participate in the growing world of decentralized finance.

How does Loopring work?

Loopring (LRC) is a decentralized protocol built on blockchain technology that enables peer-to-peer trading of digital assets without the need for a centralized exchange. It operates using a unique layer 2 scaling solution that enhances the speed and efficiency of transactions while reducing costs. Loopring utilizes a combination of off-chain order books and on-chain settlement to facilitate secure and trustless trades. Its consensus mechanism, known as zkRollup, ensures the integrity and transparency of transactions by bundling multiple trades into a single proof on the Ethereum blockchain. This innovative approach allows users to maintain control of their funds at all times, eliminating the risk of hacks or theft associated with centralized exchanges. Loopring's versatility extends beyond trading, offering features such as automated market making, liquidity mining, and decentralized finance (DeFi) integrations. Its potential applications span across various industries, including gaming, NFTs, and tokenized assets, making it a versatile and powerful tool for the future of finance.

How to keep your Loopring (LRC) safe?

To keep your Loopring (LRC) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, trusted platforms like Coinbase, OKX, and Kraken offer secure storage options for your LRC, with features like two-factor authentication and cold storage to protect your assets. By utilizing these tools and platforms, you can better safeguard your Loopring holdings from potential threats.

Resources

Sentiment about Loopring (LRC)

Social media platforms are indicating a positive sentiment towards Loopring. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 83%

• YouTube videos show 85%

• TikTok videos show 50%

• On X (formerly Twitter), sentiment towards Loopring varies. Approximately 27.55% of tweets express bullish sentiment, 13.52% express bearish sentiment, and 58.93% remain neutral. These sentiments are based on 22.19K tweets.

These findings are based on a total of 23.09K interactions over the last 24 hours, involving 137 unique social contributors to the topic.

This aligns with Loopring's market performance; it is currently priced at $0.19 with a market capitalization of $371.99M.

In addition, in the last 24 hours, the price decreased by -3.56%. Market data suggests a bearish sentiment, indicating a negative outlook for the cryptocurrency.

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Frequently asked questions about Loopring (LRC)