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What is Loopring all about
Loopring also falls into the category of a DeFi blockchain platform. It is running on Ethereum with the objective to incentivize a global network of users to operate a platform that enables the creation of new types of crypto asset exchanges.
Loopring is an interesting protocol as it claims its platform will allow exchanges built on top of it to sidestep the slow speeds and high costs associated with decentralized exchanges on Ethereum. The platform is trying to make DeFi more accessible through the use of a newer type of cryptography called zero-knowledge rollups, or zkRollups.
This cryptography is used in other projects and platforms to help with scalability and on LRC, rather than settling trades on the Ethereum blockchain directly (as other decentralized exchanges do), zkRollups enable Loopring exchanges to complete key computations elsewhere.
zkRollups bundle hundreds of transfers into a single transaction, which allows fast and cheap trades to first occur outside the Ethereum blockchain.
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LRC Questions & Answers
How much did Loopring cost at its highest?
We saw the highest spike in the price of Loopring on 2021-11-25, at 3.29 EUR.
What will Loopring cost in 1 month?
In accordance with our price prediction algorithm we estimate that Loopring's cost will be between €0 and €0.52 30 days from now.
What will the Loopring price be 90 days from now?
On the basis of our short term price prediction we estimate that Loopring's cost will be between €0 and €0.52 3 months from now.
What will the Loopring price be in half a year?
Long term projections are very difficult, however using our price prediction we expect that Loopring's cost will reach anywhere between €0 and €0.52 in 6 months.
What is the current price of Loopring?
Currently, the price of Loopring is 0.39 EUR.
Does Loopring have a large following on online?
104825 people were participating in discussing Loopring online on Reddit in the last 48 hours. Loopring's Twitter profile currently is followed by 203622 people.
10 days Loopring price forecast
Long term Loopring price prediction