Loopring Coin: sleeping giant in cryptocurrency space
Official website: loopring.org/en/index.html
In today’s article we’re going to talk about Loopring coin so as to give you some guidance on which cryptocurrency to buy for good long-term investments.
Many people don’t understand what Loopring is about and what benefits it gives, that’s why it is still highly undervalued and it has all the potential to give you huge profits in the future.
Technology
This project is aimed at building a decentralized exchange based on an open protocol.
With Loopring, you don’t need to send your tokens to exchanges, they always stay on your own wallets. The system protects you from such threats as exchange bankruptcies and hacker attacks. As the news about different exchange platforms being hacked come out in crypto space again and again, this may be a very good way to protect yourself.
If you want to buy something with LRC tokens that power the platform, the smart contracts will help to automatically execute the order while no one else but you controls your funds.
As for trading cryptos on digital currency markets, Loopring breaks your order into small pieces, finds the best exchanges and uses game theoretic logic to make your trading results the highest.
There are 2 types of white paper available on their website: the full one that has too much technical details and the simplified one that explains the technology in simple words.
Team
Loopring is a Chinese project and it’s backed by 2 big projects: NEO Council and QTUM Foundation.
The team behind this project is rather small, but each of these guys has great experience in IT development. These are real people who can be found on Linkedin. So you can go there and check their profiles.
Loopring in numbers
Its current market capitalization is only a bit above $350 B and its price per coin is only $0.65. It has a fantastic room to grow yet.
Its price peaked together with many other altcoins in the beginning of January, after which an inevitable correction followed. But now it’s regaining its positions.
Of all big exchange platforms, it is only listed on Binance and HitBTC. Once it gets listed on other huge platforms, its price will soar, so that’s why it is one of the best digital currencies in the crypto space.
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