Loopring – Time To Buy Crypto

Is it a good time to buy Loopring right now?

Current Price: $0.37

Average Daily Volume

Loopring is currently ranked number 100 worldwide with a daily trading volume of $78,803,242.00, which it will make it super easy for you to sell your holdings of Loopring.

Rating: 5/5

Market Cap

Loopring has a total market cap of $464,525,774.00.

Rating: 5/5

Community

Loopring has 231,223 total followers in all its social media accounts.

Rating: 5/5

All Time High

Loopring is currently -90.08% from its highest price $3.75 on 2021-11-10.

Rating: 5/5

Price Potential

The Loopring price has the potential to increase to $81.17 during the next cryptocurrency bull market, which may occur within the next five years.

Overall Score

Our algorithm believes it is an excellent time to invest in Loopring right now.

Overall rating: 5/5

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What Is Loopring?

Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges. 

zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015.

Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

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