|All Time High:|
|Market Cap: |
|The price of #LRC today is $0.40 USD.|
The lowest LRC price for this period was $0, the highest was $0.401, and the current live price for one LRC coin is $0.40076.
The all-time high LRC coin price was $3.80.
Use our custom price calculator to see the hypothetical price of LRC with market cap of BTC or other crypto coins.
|The code for Loopring is #LRC. |
Loopring is 5.4 years old.
|The current market capitalization for Loopring is $536,547,863.|
Loopring is ranked #83 out of all coins, by market cap (and other factors).
|The trading volume is large today for #LRC.|
Today's 24-hour trading volume across all exchanges for Loopring is $30,651,953.
|The circulating supply of LRC is 1,338,839,262 coins, which is 97% of the total coin supply.|
|LRC is well integrated with many pairings with other cryptocurrencies and is listed on at least 36 crypto exchanges.|
View #LRC trading pairs and crypto exchanges that currently support #LRC purchase.
|Note that there are multiple coins that share the code #LRC, and you can view them on our LRC disambiguation page.|
Loopring and Protocol: Gemini Partner to Build the Future of Gaming
We’re thrilled to announce our partnership with Protocol: Gemini to bring their immersive Web3 games to Ethereum L2. Loopring is a secure compression machine that hyper-scales Ethereum applications reducing costs per transaction to as little as 1/100th of Layer 1. Loopring’s zkRollup and novel counterfactual NFTs, allow for gas-free NFT minting and trading while preserving Ethereum-level security, making it a perfect fit for gaming. This has attracted exciting projects like Protocol: Gemini to Loopring. Protocol: Gemini is a cutting-edge development studio that blends blockchain, augmented reality, and metaverses to create engaging experiences. They are committed to advancing Web 3.0 principles, values, and methods by constructing interoperable metaverses. Their mission is to enable users to build infrastructure, community, and experiences without limitations by linking decentralized, cryptographically secure cyberspaces to the real-time environment. Protocol: Gemini is creating a collection of in-house developed games, some of which utilize their Metagate technology. Threaded into the fabric of each game is the desire to create experiences that promote critical thinking and elicit wonder. All of these upcoming projects will be built on Loopring, and Protocol: Gemini can’t wait to show you more when the time comes! One of the games they are building, in collaboration with PuzzleGang, is ATTLG 2.0, the sequel to t...
Loopring Wallet Upgrade Giveaway
To celebrate the new year, we are offering qualified Loopers the chance to activate their Loopring Wallet Ethereum L1 accounts for free. Users that meet the following criteria can take advantage of this opportunity and deploy their smart wallet on Ethereum to experience all of its security features at no cost. 1. Your Loopring Wallet L1 account is not yet activated, and your L2 account was activated before January 10, 2023 00:00 UTC+8. 2. Your L2 account has at least $2000 worth of tokens when attempting to activate the L1 account. 3. Your Loopring Wallet app is up-to-date (Android version >= 22.214.171.124，iOS version >= 2.1.6). We will be running this promotion on a first come, first serve basis, with up to 1000 free deployments available. The event starts January 12, 2023 00:00 UTC+8 and ends January 25, 2023 23:59 UTC+8. If you are one of the first 1000 qualified users to activate your L1 account, the activation fee will be displayed as $0. For those who are not familiar with Loopring’s L1 smart wallet, it’s an Ethereum wallet that is managed by a smart contract. By using a smart contract, the wallet allows the user to enjoy advanced features and security such as Social Recovery, lock protection, daily limits, and more eliminating the single point of failure common in a normal wallet. Social recovery: You don’t have to write down the seed phrase and private keys. Even if you have lost the wallet, your Guard...
Loopring Quarterly Update (Q4/2022)
This is the fourth and final edition of our 2022 Loopring Quarterly Updates. You can catch up on the previous quarter here; you can also receive these updates in your inbox every quarter by subscribing here. While the overall crypto market has been going through a deep bear trend filled with plenty of drama, we’ve remained optimistic and steadfast on our goal: to build a platform that enables the world to become their own bank. Despite the bear market, we’ve seen an explosion of NFT activity on L2. The emergence of counterfactual NFTs, improved developer experience, and additional marketplaces, has set the stage for a promising future for web3 on Loopring. This strong foundation is also well-suited for the development of gaming and financial applications. We are very excited by some of these possibilities and are actively looking at expanding on them over 2023. This past fourth quarter was highlighted by even more Loopring L2 account growth, further expansion of our new DeFi Port framework and the announcement of LRC Staking officially coming to users on Layer 2. Here are a few notable accomplishments in Q4: — Major Milestones in Q4/2022 🔥 - Over $5.6billion in total trading volume, Almost 200K L2 accounts now created, 43K+ total Smart Wallets deployed, Total Loopring L2 accounts activated — Summary of Q4 - — 1. L2 DeFi Port expansion - Loopring took a huge step forward in 2022 with the launc...
Introducing: Community Ambassadors + Builders Initiative
Today we are introducing a new Contribute + Earn program into the Loopring L2 ecosystem. We are rolling out a new ambassador role as well as formalizing our Loopring Legend role in order to recognize and reward those who contribute to the growth of the Loopring L2 ecosystem! Last year we launched the Loopring Community Creator Grants. This initiative gave recognition to the special builders in our community by giving them the title of “Looping Legend” in our Discord as well as awarding them with a small grant and a Loophead NFT. The success of this program led us to decide to extend this recognition to more builders, while also setting up a new role for educators and content creators who help spread the word about Loopring and promote adoption of L2 technology. As such, we are now expanding this ‘Legend’ role, and also introducing a new role called L2 Loopers, which will be reserved for Loopring ambassadors who work to educate others and increase awareness and adoption of Loopring through their marketing efforts. This will be an ongoing program, with monthly new recipients who will receive new role within the community as well as a Loophead NFT! More details below👇 — What is an L2 Looper💙 - We are also unveiling a brand new role within the Loopring L2 community, called the L2 Loopers. This new role gives the average person within the Loopring community, who may not be as technically savvy but wants to ...
Loopring Quarterly Update (Q3/2022)
This is the third edition of our 2022 Loopring Quarterly Updates. You can catch up on the previous quarter here; you can also receive these updates in your inbox every quarter by subscribing here. The theme of this quarter has been BUILD. No matter if the market trends are up or down, the Loopring team is always heads down building and delivering. This quarter was highlighted by the release of Loopring L2 DeFi Port, the infrastructure and mechanism behind new Loopring Earn products, giving Loopring users even more self-custodial DeFi options at low cost directly on Layer 2. On top of this major release, there were also plenty of other things to celebrate, including new products + feature rollouts as well as an active and growing community building even more unique tools on Loopring L2. Here are a few notable accomplishments: — Major Milestones in Q2/2022 🔥 - Over $25M in NFTs traded on L2 following the launch of GameStop NFT, LoopExchange, and Uptick marketplaces!, Over $5.5billion in total trading volume on Loopring L2, Over 140K L2 accounts now created on Loopring L2, — Summary of Q3 - — 1. L2 DeFi Port - With the introduction of self-custodial DeFi options such as ETH Staking + Dual Investment on L2, Loopring Earn is officially in full gear with many planned updates and new features to come. You can read all about the new technology and mechanics behind L2 DeFi Port here, as well as an in-dept...
Decentralizing Dual Investment on Loopring
Dual investment products are a common product offering found on many CEXs. Taking LRC/USDC as an example, such a product allows users to invest in LRC or USDC, and then to select a target settlement price and a settlement date, locking funds to complete the investment. When the settlement date arrives, the system obtains an index price at the settlement time according to the preset basket price index calculation method. The index price is then used to decide whether to return the user LRC or USDC. When a user chooses to invest in USDC, it can be thought of as equivalent to expressing a willingness to buy LRC at a low price. That is to say, if the price of LRC reaches the target price, the user is willing to buy it. It is effectively the same as a user placing a limit buy order with the same target price in an orderbook scenario. However, if the index price of LRC is higher than the target price at the time of settlement, the user is not left with nothing (as would be the case with an orderbook buy limit order using the same target price). Rather, what the user ultimately receives is the given product’s annualized income shown at the time of purchase, in this case earning more USDC tokens. On the other hand, if the index price of LRC is lower than the target price at the time of settlement, the user will ultimately receive LRC, equivalent to buying LRC at the settlement price. That is why this action can be thought of as equ...
Loopring DAO: Phase 2
Welcome to the next phase of the Loopring DAO, a continuation of our mission to achieve a more decentralized form of governance on Loopring L2. Our aim is to put the pieces in place for the DAO to govern various on-chain protocol parameters like the distribution of protocol fees, allocation of the DAO funds and more. In this phase, we are enhancing the transparency and autonomy within the Loopring community. Additionally, we are proposing new LRC tokenomics structures, aimed at boosting the utility of LRC and enhancing the incentives for users to take part in the Loopring L2 ecosystem. — LRC Tokenomics v2 - In May 2021, as part of the new LRC Tokenomics v2, Loopring Foundation began distributing protocol fees to LPs (liquidity providers) while reserving the remainder of fees as follows: 64% directly to LPs in incentivized AMM pools, 16% reserved for future liquidity mining events, 10% reserved for DAO pool, 10% reserved for insurance pool, The 64% allocated to LPs has been distributed to liquidity providers in the designated AMM pools on a monthly basis. The 16% that has been accumulating for a larger liquidity mining event will be distributed in Q4 of this year (see below👇). The remaining amounts, allocated to DAO + insurance, have been accumulating into pools and we now want to begin the process of turning these over to the wider community, giving everyone the ability to suggest and enact decisions about how ...
Loopring L2 DeFi Port
Last year we proposed the concept of EthPort, the purpose of which was to allow users to experience various Layer 1 DeFi products on Loopring Layer 2 in a decentralized manner. As part of the process to implement this function, we carefully considered its limitations. For one, it would bring additional overhead to the system. Additionally, the reduction in gas costs would only be realized with large and frequent use in specific DeFi transactions, presenting initial liquidity challenges. Due to these limitations, we redesigned a new solution which I will be covering next. L2 DeFi Port is now live on L2 and we chose ETH 2.0 staking via Lido as the first integrated DeFi product using it. Before we cover the details of this new DeFi solution, let’s first review the orderbook mechanism of Loopring’s DEX. The matching engine in this architecture diagram is responsible for settling sell orders and buy orders between users. As long as the price matches, the matching engine will execute the settlement in the order of the orders coming in first. A zero-knowledge proof is generated for these settlements and then submitted to Ethereum. The matching and settlement of two orders is a piece of logic code solidified and realized by the zero-knowledge proof circuit. It can ensure that the entire matching and settlement process is truthfully executed according to the price specified in the user’s order, and that no third party can tamper...
Loopring AMA: Q3 2022
In the third quarter of 2022, we hosted an AMA on Reddit to let the community get deeper access into some of the minds at the Loopring Foundation. The following is a summary of some of the questions and answers from this AMA, along with an additional updated message from Loopring Foundation’s CEO, Steve Guo.Since the conclusion of this AMA (below) earlier this month, a lot of progress has been made by the Loopring Foundation on delivering on the messages below.Currently we are heads down developing many new features and products to bring Loopring L2 to life and make it a one stop shop for all crypto users as we transition slowly into another bull market and another large adoption cycle for the whole industry.Some of these new products/features include:1) 2FA security enhancementSecurity is always the essential part of any wallet product. Loopring has just added 2 factor authentication support to enhance this security. With more trusted authentication sources added, it’s now able to update the registered smartphone number, email etc. information in case it’s changed; also it’s safer to conduct some sensitive operations such as forgot your password, recovery etc.2) NFT Collection supportCollections on Loopring Layer 2 have now been officially supported. Newly created NFTs can be easily categorized into the desired collection now.3) Dual Investment product integrationThe most popular earn product in traditional CEXs ha...
Loopring L2 DeFi port
We proposed the concept of EthPort last year, the purpose of which is to allow users to experience various Layer 1 DeFi products on Loopring Layer 2 in a decentralized way, and at the same time, they can enjoy the advantages of high speed and low costs on Layer 2. When we were preparing to implement this function, we carefully considered the limitations of the previous solution. It will bring some additional overhead to the entire system, and the cost can only be reduced when a large number of users intensively use a certain DeFi service, which will bring great challenges to the operation after the launch in the future. Therefore, we redesigned a new solution, which is what I am going to talk about next. Now you can actually experience the first integrated DeFi product based on this solution on Loopring official website — ETH 2.0 staking via Lido. Let’s first review the orderbook mechanism of Loopring DEX. The matching engine in this architecture diagram is responsible for settling sell orders and buy orders between users. As long as the price matches, the matching engine will execute the settlement in the order of the orders coming in first, and generate zero-knowledge proofs for these settlements, and then regularly submit the proofs to the chain. The matching and settlement of two orders is a piece of logic code solidified and realized by the zero-knowledge proof circuit. It can ensure that the entire matching an...
More Loopring (#LRC) News
|LoopRing Price Lags Despite Relief, Is LRC Double-Digit Gain Feasible?
The price of LoopRing (LRC) has shown no sign of relief bounce against Tether as it continues to range in its low region. Despite relief bounces shown by other cryptocurrencies across the market, some producing double-digit gains, LoopRing price continued to look dormant. (Data from Binance)
LoopRing Price Analysis On The Weekly Chart
Weekly LRC Price Chart | Source: LRCUSDT On Tradingview.com
From the chart, the price of LRC saw its weekly bottom at $0.35; the price of LRC bounced from that region to a price of $0.4 on the weekly chart as the price is unable to show much strength to trend higher.
LRC weekly candle closed with the bearish sentiment, with the new week's candle looking indecisive.
The price has continued to show little or no traction; If the price of LRC on the weekly chart maintains this structure, it could retest its low of $0.35 as this is a key support region on the weekly chart.
For the price of LRC to trend higher, it needs to break the resistance at $0.5 with a good volume to have a go at higher prices and double gains.
Weekly resistance for the price of LRC - $0.5.
Weekly support for the price of LRC - $0.35.
Price Analysis Of LRC On The Daily (1D) Chart
Daily LRC Price Chart | Source: LRCUSDT On Tradingview.com
The price of LRC has found itself ranging in a channel trying to break out from what looks like a cage preventing the price from trending higher.
LRC has found its price between $0.35 acting as support and $0.5 acting as the resista...
|Loopring Wobbles In Last 2 Months – Can LRC Stay In The Loop?
The Loopring (LRC) price has entered a symmetrical triangle pattern on the daily chart in the face of continuous bearish pressure.
This indicates that the bulls are retreating, so LRC must attract buyers to achieve a successful breakout.
However, a bearish breakthrough is anticipated, and the token price may fall below the important support at $0.30. Loopring is trading at $0.37 as of this writing, a decrease of 4% over the last seven days, according to statistics provided by Coingecko on Wednesday.
The whole crypto market began the year on a positive note. However, by the end of January, it had already begun to indicate that 2022 would be quite bumpy.
Image - FX Empire
Suggested Reading | Ethereum (ETH) Continues To Lose Luster, Drops Below $1,100 Support
Loopring Dragged Down By Gloomy Market
Today, the entire crypto market is aggressively negative, having seen a mini-crash in both the months of May and June.
The present strong aggressive bearish trend of the sector has also affected other cryptocurrencies, such as Loopring, which is down 80% year-to-date. The coin's trading volume is 69 million, while its market capitalization is 488 million.
Loopring has fluctuated in a descending triangle pattern during the course of the past two months. In addition, LRC has retested the falling trendline, which could ignite another bear cycle inside this pattern.
Loopring was one of the few projects in June that had begun to exhibit indications of recovery. The first five day...
|Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day
Following a bearish start to the day, XMR climbed to a two-week high during today's trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own.
Monero extended a recent bullish streak during today's session, with prices rising to a two-week high as a result of strong gains.
XMR/USD hit an intraday peak of $204.69 earlier in the day, which is over $10 higher than yesterday's low.
Today's rally comes as prices have now risen for six out of seven sessions, with today's the highest XMR has hit since May 9.
On May 12, prices declined to a bottom of $112.98, which was a fifteen-month low, however since then, we have seen significant rebounds.
This resurgence in price is encapsulated by the ascending triangle currently shown on the chart, however prices now look to have landed at a resistance level.
Resistance at $205 has so far held firm, with the RSI tracking at its own ceiling of 55.
Should we see a breakout from this ceiling of 55, then bulls will likely target take profits at $230.
LRC made a run for its long-term resistance level on Wednesday, as prices rose for a fifth day on the bounce.
Today's run saw LRC/USD rise to an intraday high of $0.60, which is over 10% higher than yesterday's low of $0.5207.
As a result of Wednesday's surge, LRC is now marginally below its long-term resistance level at $0.6210.
To start the week, loopring broke past th...
|Biggest Movers: ETC up 80% in the Last Week, as Loopring Gains 42% on We...
Loopring was trading by over 42% on Wednesday, overtaking QNT as the world's 65th largest crypto in the process. This came as ethereum classic was trading 10.30% higher on the day, taking its one week gain to over 80%.Loopring (LRC)
On Wednesday, loopring (LRC) rose to its highest level in three months, a move which saw it cement itself as the world's 65th largest cryptocurrency.
Following a low of $0.8075 on Tuesday, LRC/USD rallied to an intraday high above $1.21 during hump-day.
Today's move came as LRC has consolidated for the last few months, moving between support of $0.6222 and resistance of $0.8889.
However, prices finally broke out of this range today, coming after bulls piled on the pressure, once the floor in the 14-day RSI of 51.16 failed to break.
Looking at the chart, price strength then rose to a high above 71, which is the most overbought it has been since November.
Despite this, history has shown that the RSI can go to as high as 91, so although it is now relatively overbought, there could still be further gains in loopring (LRC).
Ethereum Classic (ETC)
Ethereum classic (ETC) was over 10% higher earlier in the session on Wednesday, as prices continued to hover close to a five-month high.
ETC/USD rose to an intraday peak of $54.07 during Wednesday's session, which was marginally below yesterday's high of $54.37.
That was the most ETC has traded since November last year, as markets were falling from a then-high of $65 in that month.
During the past ten days...
|Technical Analysis: Quant Climbs 20%, as Loopring Selloff Extends
After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding themselves in a red wave. Quant managed to evade the wave, climbing by as much as 20% during the session.
Following yesterday's strong gains, the global cryptocurrency marketplace was trading over 6% lower on Wednesday, however, there were some notable exceptions.
Quant was one of these exceptions and was easily one of the biggest movers in the crypto top 100 during today's session.
QNT/USD hit an intraday high of $119.91 on Wednesday, after trading at a low of $97.60 the day prior.
Today's rally sees QNT extend its gains for the third consecutive day, and now is on the brink of breaking into the 0.236 Fibonacci zone.
This run began after QNT/USD rose from its support of $89 on Monday, after falling to its lowest level in over 1-year towards the end of last month.
There is a visible RSI resistance currently in place, some still remain confident that we may be set for a break.
Loopring extended Tuesday's losses today, falling to a low of $0.8932, which saw its price decline by nearly 7% as of writing.
Despite this, there was another bear that stood out on Wednesday, that of course being arweave (AR).
AR/USD was down 8.3% as of writing, hitting a session low of $37.04 in the process, which came after resistance of $42.20 was held.
This selloff coincided with the 14-day RSI failing to break out of its recent ceiling of 50, which app...
|Technical Analysis: Solana Surges 15%, as Loopring Price Declines
Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January's red wave.
Cryptocurrency markets were mostly bullish during Tuesday's session, with several projects seeing their value rise to start the new month.
One of these was solana (SOL), which, as of writing is up 14.04%, hitting an intraday high of $108.32 in the process.
This move comes as SOL/USD broke out of its resistance level of $100 for the first time since January 22nd.
SOL/USD has mainly been consolidating in recent weeks, however, it picked up momentum yesterday after it rose from its floor of $90.49.
As a result of this run, the 14-day RSI rose above resistance of 42 for the first time since January 4th, with price strength now tracking at 44.07.
Should price strength continue to surge, SOL bulls may target the higher resistance of $120.
Uniswap, flow and helium were some of the only notable crypto bears on Tuesday, however, none of these saw the biggest decline in price.
That honor went to loopring (LRC), which is currently trading 6.11% lower, hitting an intraday low of $0.9651 as a result of today's short sellers.
Looking at the chart below, today's decline has resulted in LRC/USD moving closer to its recent support of $0.8854, after trading at resistance of $1.04 only yesterday.
This selloff coincided with the 14-day RSI failing to break out of its recent ceiling, w...
|Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer...
Ethereum's average network fees have dropped to the lowest value in 30 days at 0.0096 ether or $24.64 per transaction. Median-sized ethereum fees are lower today as well, as fees are between $8.37 to $10.82 per transaction as ether fees haven't been this low since January 1.
Onchain Ethereum Fees Drop, Current Bitcoin Fees 91% Cheaper Than Ethereum Fees
It's cheaper today to send ethereum (ETH), as network fees are 0.0096 ETH or $24.64 on average to send the second leading crypto asset. On January 30, 2022, ethereum has a 24-hour price range of around $2,575 to $2,647 per unit.
Average-sized ETH fees haven't been this low since January 1, 2022, when the average-sized fee (ASF) was $25.75 per transfer. Ethereum fees reached a high on January 10, at $52.46 per transaction and the current ASF today is 53.03% lower than the high.
Median-sized fees (MSF) on Ethereum are also lower today, as the MSF on ETH on January 10, is $29.92 per transfer. Statistics show MSF on Ethereum today are between $8.37 to $10.82 per transfer which is 63.83% lower than the MSF on Ethereum on January 10.
Ll2fees.info metrics show the MSF on Ethereum today is $8.37 to send ethereum, $19.14 to send tokens, and to swap tokens it costs $41.87. Polygon Hermez is the cheapest Layer two (L2) transfer fee today with $0.25 per transfer.
Loopring fees are $0.29, Zksync fees are $0.37 per transfer, Optimistic costs $1.75, Arbitrum transfers are $1.91, and Boba Network L2 fees cost $2.24 per transfer. To swa...