Price Predictions

Loopring Coin Price Prediction: Is Loopring Coin a Good Investment?

5 Mins read

Welcome to Loopring coin price prediction, and future projection. In this context, you are going to find out if loopring coin is a good investment and Loopring price prediction from 2021 to 208

What Is Loopring [LRC]?

LRC price

LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.

Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.

Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.

LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Who Are the Founders of Loopring?

The founder and current CEO of Loopring Foundation, which manages the development of Loopring protocol, is Daniel Wang, a software engineer and entrepreneur based in Shanghai, China.

Wang has a bachelor’s degree in computer science from the University of Science and Technology of China, as well as a master’s degree in the same field from Arizona State University.

Prior to starting work on Loopring, Wang has held multiple managerial and executive positions in major tech companies: he was a lead software engineer at the medical device manufacturer Boston Scientific, the senior director of engineering, search, recommendation, and ads system at the Chinese e-commerce giant, as well as a tech lead and senior software engineer at Google.

Wang has also co-founded several companies: Yunrang (Beijing) Information Technology Ltd. and the cryptocurrency services firm Coinport Technology Ltd.

Loopring Coin Price Prediction 2021

MonthAverage Price ($)Change (%)
Feb 2021$0.6660538405 USD46.42 %
Mar 2021$0.6361899138 USD39.86 %
Apr 2021$0.6487484052 USD42.62 %
May 2021$0.7055072529 USD55.1 %
Jun 2021$0.6851217707 USD50.62 %
Jul 2021$0.6474262315 USD42.33 %
Aug 2021$0.6815337160 USD49.83 %
Sep 2021$0.6045402159 USD32.9 %
Oct 2021$0.6933680990 USD52.43 %
Nov 2021$0.6618619073 USD45.5 %
Dec 2021$0.7457210870 USD63.94 %

Loopring Coin Price Prediction 2022

MonthAverage Price ($)Change (%)
Jan 2022$0.7608163871 USD67.26 %
Feb 2022$0.6971571978 USD53.26 %
Mar 2022$0.8704063721 USD91.35 %
Apr 2022$0.8491162114 USD86.67 %
May 2022$0.7748725912 USD70.35 %
Jun 2022$0.7166788046 USD57.55 %
Jul 2022$0.8008449296 USD76.06 %
Aug 2022$0.8546955302 USD87.89 %
Sep 2022$0.8012857057 USD76.15 %
Oct 2022$0.8848838515 USD94.53 %
Nov 2022$0.7004767265 USD53.99 %
Dec 2022$0.7950194969 USD74.77 %

Loopring Coin Price Prediction 2023

MonthAverage Price ($)Change (%)
Jan 2023$0.7921088617 USD74.14 %
Feb 2023$1.1 USD141.28 %
Mar 2023$0.9388588623 USD106.4 %
Apr 2023$0.9935060204 USD118.41 %
May 2023$1.06 USD133.12 %
Jun 2023$0.9705777750 USD113.37 %
Jul 2023$1.08 USD137.61 %
Aug 2023$0.8664841702 USD90.49 %
Sep 2023$0.8273401776 USD81.88 %
Oct 2023$1.12 USD145.69 %
Nov 2023$0.8665321057 USD90.5 %
Dec 2023$1.02 USD125.04 %

Loopring Coin Price Prediction 2024

MonthAverage Price ($)Change (%)
Jan 2024$1.07 USD134.99 %
Feb 2024$1.25 USD173.93 %
Mar 2024$1.28 USD182.13 %
Apr 2024$1.12 USD146.14 %
May 2024$0.9632915297 USD111.77 %
Jun 2024$1.33 USD193.13 %
Jul 2024$0.9145642924 USD101.06 %
Aug 2024$0.9904606627 USD117.74 %
Sep 2024$1.29 USD184.38 %
Oct 2024$1.12 USD146.61 %
Nov 2024$1.1 USD142.47 %
Dec 2024$0.9116248904 USD100.41 %

Loopring Coin Price Prediction 2025

MonthAverage Price ($)Change (%)
Jan 2025$1.44 USD216.73 %
Feb 2025$1.56 USD242.42 %
Mar 2025$1.17 USD157.07 %
Apr 2025$1.22 USD168.48 %
May 2025$1.31 USD187.64 %
Jun 2025$1.41 USD209.09 %
Jul 2025$1.25 USD174.2 %
Aug 2025$1.16 USD155.37 %
Sep 2025$1.29 USD184.48 %
Oct 2025$1.21 USD165.16 %
Nov 2025$1.45 USD219.34 %
Dec 2025$1.33 USD191.97 %

Loopring Coin Price Prediction 2026

MonthAverage Price ($)Change (%)
Jan 2026$1.75 USD284.61 %
Feb 2026$1.39 USD205.59 %
Mar 2026$1.43 USD215.09 %
Apr 2026$1.47 USD222.91 %
May 2026$1.54 USD237.61 %
Jun 2026$1.51 USD232.18 %
Jul 2026$1.63 USD257.97 %
Aug 2026$1.77 USD288.3 %
Sep 2026$1.68 USD268.77 %
Oct 2026$1.37 USD200.82 %
Nov 2026$1.8 USD295.37 %
Dec 2026$1.43 USD214.11 %

Loopring Price Prediction 2027

MonthAverage Price ($)Change (%)
Jan 2027$1.43 USD214.11 %
Feb 2027$1.43 USD214.11 %
Mar 2027$1.43 USD214.11 %
Apr 2027$1.43 USD214.11 %
May 2027$1.43 USD214.11 %
Jun 2027$1.43 USD214.11 %
Jul 2027$1.43 USD214.11 %
Aug 2027$1.43 USD214.11 %
Sep 2027$1.43 USD214.11 %
Oct 2027$1.43 USD214.11 %
Nov 2027$1.43 USD214.11 %
Dec 2027$1.43 USD214.11 %

Loopring Price Prediction 2028

MonthAverage Price ($)Change (%)
Jan 2028$2.17 USD376.17 %
Feb 2028$2.05 USD349.79 %
Mar 2028$2.22 USD388.28 %
Apr 2028$2.27 USD399.76 %
May 2028$1.95 USD328.12 %
Jun 2028$1.95 USD329.18 %
Jul 2028$2.01 USD341.69 %
Aug 2028$1.95 USD329.02 %
Sep 2028$2 USD339.63 %
Oct 2028$1.98 USD335.55 %
Nov 2028$2.22 USD387.64 %
Dec 2028$2.18 USD378.81 %

* Our predictions are made on the basis of Historical Data. We are not responsible for any profit/loss.

What Makes Loopring Coin Unique?

The main idea behind Loopring coin is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy its unique advantages and eliminate inefficiencies.

Centralized exchanges are currently the main mode of operation for crypto trading services. While highly popular and convenient, using a centralized exchange carries a number of risks, the chief of which is their custodial nature.

Because these exchanges hold users’ funds for them between the points of depositing and withdrawing, those funds come under the risk of being partially or fully lost due to potential hacker attacks, malicious actors inside the exchange, or regulatory intervention.

Another major problem for centralized exchanges is the lack of transparency: the fact that trades are not settled on the blockchain, but rather stored in the exchange’s internal records makes possible price manipulation by the exchange and allows it to use user funds for unauthorized purposes while in custody.

In order to eliminate these problems, a new type of trading service has emerged in recent years: a decentralized crypto exchange (DEX). Instead of holding user funds in custody and processing trades internally, it helps buy and sell orders connect directly with each other and settle trades on a public blockchain.

While removing the custodial and transparency risks, DEXs introduce disadvantages of their own: mainly, lower efficiency (when compared to centralized alternatives) associated with the limited capabilities of the underlying blockchains and fragmented liquidity.

Loopring protocol seeks to keep the advantages of decentralized exchanges while reducing or eliminating their inefficiencies via innovative hybrid solutions.

Through managing orders in a centralized manner but settling the trades on the blockchain, and combining up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs, Loopring expects to increase the efficiency of order execution, as well as enhance the liquidity of DEXs.

How Many Loopring [LRC] Coins Are There in Circulation?

The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol.

The primary way of earning LRC is via so-called ring mining: in order to improve the liquidity of the Loopring network, the orders in it are not matched strictly as pairs of two cryptocurrencies. Instead, the protocol can mix and match up to 16 orders for different cryptocurrencies in a circular trade, called an ordered ring.

Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.

How Is the Loopring Network Secured?

Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain. Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ.

These tokens are secured by the hash functions of their underlying blockchain platforms: LRC by Ethereum’s Ethash, LRN by Neo’s SHA256 and RIPEMD160, and LRQ by Qtum’s proof-of-stake PoSv3 algorithm.

Where Can You Buy Loopring [LRC]?

LRC is available on many exchanges, some of the major and most trusted ones are:

  • Coinbase Pro
  • Bilaxy
  • OKEx
  • Binance

Join the Groups For More Updates

invest slider 4

Join our weekly Crypto success Online Training!

We don’t spam! Read our privacy policy for more info.

504 posts

About author
Johnmiracle Ejikeme is a 7 Figure digital network marketer, crypto enthusiast, and a trader. A humble fellow that fancy investing and technology.
Related posts
Crypto TalksPrice Predictions

Luna Price Prediction - What to Expect in 2023 | Will Luna Reach $1 Again?

2 Mins read
Welcome to Bulliscoming Crypto and Finance media, Luna coin has been gaining a lot of traction due to its crash and a…
Price Predictions

BCH Price Prediction - When Will BCH Go Up?

3 Mins read
Welcome to bulliscoming BCH price prediction, Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply…
Price Predictions

Celsius Crypto Price Prediction - Is Celsius Crypto A Good Investment

2 Mins read
Welcome to Bulliscoming Crypto and Finance Media, Celsius has been dipping due to the bear season of the crypto market and it…
Learn  & Earn Crypto With Bulliscoming

[mc4wp_form id="17"]

Add some text to explain benefits of
subscripton on your services.


Leave a Reply

Your email address will not be published.

Get High Pay Crypto Jobs