What is Loopring?
The Scalable zkRollup decentralized exchange protocol and an automated execution ecosystem, building a serum that will allow its users to trade assets across exchange. It isn’t the decentralized exchange rather its facilities decentralized exchanging swing sharing and order matching. Loopring will pull all orders sent to each network and feel disorders through the order book of multiply exchanges that centralized and centralized exchanges, it will provide exchanges access to cross blockchain by implementing blueprint along with exchange liquidity and this will help to different investors access to the moderate prices available on the market. Loopring’s block an agnostic meaning that any platform that uses smart contracts (e.g. Bitcoin, Litecoin) can integrate with loopring.
Loopring is currently deployed on Ethereum, Qtum and Neo, as in the latest upgrade i.e. Loopring 3.0 project will be looking to increase security and improvement in the performance of ecosystem. The report claims that new protocol can facilitate around 200+ trades per second by optimizing security of Ethereum and without on-chain availability it can process 16k trades per second, but this can reduce its security level within the network.
in fact, with recent twitter exchange with founder Vitalik Buterin, one user asked what will ETH 2.0 will help to Loopring, then he stated that, once upgrade roll out, Loopring will able to facilitate 160,000 TPS theoretically.
Loopring Price Prediction
ROI return to positive direction, as even If the moderate performance in last year Loopring still showing solid growth since last 1 month, as in last 30 days Loorping prices is hiked by almost 96%. In 2020 Loopring stands out with one of the solid performers of the year, where at beginning of this yea it almost reaches to $0.050 USD, but after dropping to almost $0.024 LRC and then again with steady growth It reached to $0.062 USD. so, in the prediction we could see Loopring will hit $0.1 USD till end of this year. In 2019, it had surged by 195% to reach as high as $0.11 USD and this was time where Loopring was trending in crypto market. so, with similar situation of the minimal price of LRC this year also same as last year. however, we could see repeating history in 2020.
Loopring Price Prediction 2020
|Month & Year||Price Prediction in USD|
|August 2020||$0.162 USD|
|September 2020||$0.138 USD|
|October 2020||$0.142 USD|
|November 2020||$0.2264 USD|
|December 2020||$0.191 USD|
LRC Price Prediction from 2021 to 2030
|Quarter & Year||Price Prediction USD|
|Q1 2021||$0.067 USD|
|Q2 2021||$0.052 USD|
|Q3 2021||$0.10 USD|
|Q4 2021||$0.098 USD|
|Q1 2025||$0.89 USD|
|Q2 2025||$1.02 USD|
|Q3 2025||$1.256 USD|
|Q4 2025||$1.45 USD|
|Q1 2030||$4.2 USD|
|Q2 2030||$2.3 USD|
|Q3 2030||$2.65 USD|
|Q4 2030||$2.12 USD|
Loopring Overview & Information
|Total Supply||1,374,513,897 LRC|
|Based on||DEX Platform backed by Ethereum|
|All-time high||$2.59 USD|
|Exchange Platform||OKex, Binance,Bithumb, Gate.io, Bitrue, Bilaxy, Bitvavo, Omgfin, DragonEX, HitBTC, CoinDCX, Alterdice, VCC exchange, Bitfinex.|
|Wallet||The Loopring Wallet, Lumi wallet, Ledger, MyEtherWallet.|
Loopring ICO Report
|Platform used||ERC-20 Token|
|ICO End date||16 August 2017|
|ICO Per Token Price||$0.06 USD|
|Investor||Alphachain fund, Stanwin, Hashchain capital|
Loopring foundation is about providing development and maintenance to decentralized exchange platform. It connects to start P2P exchanges with involvement of 3rd party or middlemen. The project already owns three different token i.e. LRX, LRN and LRQ and all used to enable trades without locking crypto balance. To provide faster, safer and cheaper crypto trading Loopring fetch out trade data from list of exchanges portal to match buyer and seller requirement. So Loopring is well established project which is teasing global government easing restriction on DEX.