Loopring Price

Loopring: a brief introduction

Loopring (LRC) is the token behind the eponymous Loopring project. It bills itself as an “exchange and payment protocol” and acts as a layer on top of the Ethereum network.

When executing crypto exchange orders, Loopring combines them in what's known as ring order. It loops up to 16 orders together before processing them on the Ethereum network; this makes the process faster and cheaper. 

LRC price reflects the popularity of this platform, as the token is used to reward its users.

Understanding LRC price shifts

As this Loopring price chart shows, LRC has seen both prolonged periods of limited movements and sudden price spikes.

It isn't immune to the overall mood in crypto markets. Still, Loopring's unique proposal has allowed the LRC price to outperform the market at times.

Much like other investments, the price of Loopring also stands to benefit from increased publicity. As more crypto enthusiasts learn about the protocol, it gains more users, which, in turn, drives the overall Loopring worth higher. 

Using this price tracker

This Loopring price tracker is powered by Paybis, a fiat-to-crypto exchange dedicated to bringing crypto to people around the world. We built this tool with the same principle in mind.

For one, you can view LRC price in USD and in dozens of local currencies, from AED to ZAR.

It also provides easy access to both the Loopring price now and Loopring price history; just click on the drop-down menus. 

And you can always click the Buy button to actually get your crypto at the Paybis exchange!

Possible uses for Loopring

As noted, Loopring value is closely connected to the Loopring platform, and the token has multiple uses in it, such as voting on future proposals. You are encouraged to do your own research, as the platform is continuously expanding and adding new functionality.

Much like other cryptos, you can also HODL Loopring, which is crypto slang for keeping a currency, expecting the current Loopring price to increase in the future.

And, if you already have a crypto portfolio, Loopring may be a way to diversify it. 

Loopring price today

Paybis does not provide any investment advice, but we can say this: it's best to approach any investment with a clear strategy.

You may decide to take advantage of the volatility, monitoring the current Loopring price to find the best time to buy it. You may also take a more relaxed approach; in this case, the Loopring price today is less important than its fundamentals and long-term prospects.

And, when your strategy says it's the right time to buy — head over to Paybis to get your crypto quickly and securely!