Loopring (LRC) Trading Down 22% This Week

Loopring (LRC) traded 7.5% lower against the U.S. dollar during the one day period ending at 9:00 AM Eastern on July 5th. Loopring has a total market capitalization of $190.01 million and $36.01 million worth of Loopring was traded on exchanges in the last day. One Loopring token can now be purchased for $0.14 or 0.00000251 BTC on popular exchanges. During the last week, Loopring has traded 22% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 4.3% lower against the dollar and now trades at $0.18 or 0.00000327 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded down 0.7% against the dollar and now trades at $0.0117 or 0.00000021 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Loopring Profile

Loopring launched on August 1st, 2017. Loopring’s total supply is 1,373,873,397 tokens and its circulating supply is 1,366,806,970 tokens. The Reddit community for Loopring is https://reddit.com/r/loopringorg and the currency’s Github account can be viewed here. The official message board for Loopring is medium.com/loopring-protocol. Loopring’s official website is loopring.org. Loopring’s official Twitter account is @loopringorg and its Facebook page is accessible here.

According to CryptoCompare, “Loopring is a decentralized finance platform that provides protocols, infrastructure, and user-facing products for the future of finance. It offers low-fee, high-speed trading, swapping, liquidity provision, and payments while ensuring security of assets. The first zkRollup protocol on Ethereum is deployed by LOOPRING to prevent exchange and payment applications from accessing user assets. LOOPRING was founded by Daniel Wang and is an Ethereum-based project started in 2017. Users can access the decentralized exchange and payment platform through the LOOPRING Layer2 App and the LOOPRING Wallet, a self-custodial smart contract wallet.”

Buying and Selling Loopring

It is usually not possible to buy alternative cryptocurrencies such as Loopring directly using US dollars. Investors seeking to acquire Loopring should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Loopring using one of the aforementioned exchanges.

LRC/USD price chart by TradingView