LRC is a token of the crypto platform Loopring and can be currently bought at $1.19, with a low of $0.1747 and has a market cap of 1.4 billion dollars.
What is Loopring?
Loopring is a protocol that builds infrastructure for the future of finance. Their products are specifically Ethereum-based and are focused on layer two solutions. It also improves speed by making off-chain transactions that happen quickly. Daniel Wang founded Loopring intending to combine centralized order matching with decentralized on-blockchain settlements to create a hybrid product that takes the best features of both types.
Loopring is a platform that empowers people by giving them control of their assets. They use distributed technologies to provide a better experience, speed, and cost than traditional custodial technologies. In addition, Loopring can handle processing thousands of transactions off-chain for you, which helps maximise efficiency. It does this by processing batches which saves time and helps get around the performance bottlenecks that other blockchain networks like Ethereum face.
What is LRC?
LRC has been hovering around $1.19 by the time in these lines, and it has plunged to a low of $0.1747, sitting today with a market cap of 1.3 billion dollars at rank 72 according to CoinMarketCap.
LRC reached a high of $3.83, with a low of $0.1747. LRC is an Ethereum token developed for use in exchange protocols and offers open-source, audited, and non-custodial features.
LRC Coin Market Analysis
LRC has a maximum supply of 1,374,513,896 coins worth around $1.19 with an active trade volume of 428 million dollars and a market capitalization of 1.4 billion dollars at writing. LRC tokens had a positive 24 hours, where LRC token prices increased. The price went up by roughly 2.5% over the past 24 hours.
LRC Price Prediction
On the 1D timeframe, $FTM/USDT was trading downwards since December, but now it has started to trade upwards with an uptrend in a range and has broken out but is now retesting above the zone.
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