Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,705,446,041 | Market Cap: $2,607,223,002,131
Loopring
LRC
$0.15
Sector
Layer 2
Exchange Debut
2017-02-17
Market Cap
182,810,357
Maxim Supply
1,374,513,896
Circulating Supply
1,245,991,469
Circ. Supply(%)
90.65%
Loopring
LRC
Price
$0.15
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
10478638
0.154984733133
0.141358135427
Change 24h
Change 7d
Change 30d
-4.3272
-6.6797
-18.9284
Maxim supply
Circulating supply
Circulating supply(%)
1,374,513,896
1,245,991,469
90.65%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Loopring-LRC cryptocurrency:
Loopring [LRC], an Ethereum-based cryptocurrency, represents a pioneering approach in the realm of decentralized crypto exchanges. This open protocol aims to address the limitations of traditional centralized exchanges by offering a decentralized alternative. Despite its innovative framework, the project faces its own set of challenges. The fundamental analysis of the Loopring-LRC cryptocurrency reveals a composite score of 7.22 out of 10, reflecting its strengths and areas for improvement across various domains.
SOCIAL & MASS MEDIA: Score 6.8 out of 10
The project’s social and media presence is a mixed bag, as indicated by the overall score of 6.8. While it excels in media presence and community size on chat groups, both scoring a perfect 10, it lags in attracting followers and engaging social media administrators. These aspects highlight the need for more robust strategies to enhance online engagement and follower growth.
AUDIT & SECURITY: Score 6.8 out of 10
Loopring’s audit and security measures garner a score of 6.8. The audits show satisfactory results, and the project demonstrates decent transparency. However, there is room for improvement, especially in making information more accessible to the public. The high liquidity on exchanges is a strong point, indicating trust and stability in the market.
TOKENOMICS: Score 8.35 out of 10
The token economy of Loopring is one of its stronger aspects, scoring 8.35. The project’s approach to managing inflation and the decentralization of its monetary mass are commendable, suggesting a well-thought-out economic framework that supports long-term viability.
ECOSYSTEM DEVELOPMENT: Score 8.46 out of 10
Loopring’s ecosystem development scores an impressive 8.46. This score is bolstered by the project’s commitment to achieving objectives and introducing new developments. It signifies a forward-moving trajectory and a focus on continuous improvement and expansion.
TEAM & DEVELOPERS: Score 6 out of 10
The team and developers behind Loopring score a modest 6. Their experience is reasonably good, but the limited number of software developers is a concern. Expanding the team could accelerate development and bring more innovation to the project.
PRODUCT & UTILITY: Score 6.6 out of 10
The product and utility aspect of Loopring scores 6.6. While the utility of the product is recognized, the role of tokens within the ecosystem could be enhanced. This indicates potential for greater integration of tokens in the platform’s functionality.
PARTNERS & INVESTORS: Score 6.55 out of 10
In terms of partners and investors, Loopring scores 6.55. The quality of partners is high, but there is a need for more and better-capacitated investors. Strengthening investor relations and expanding the partnership network could provide additional support and resources for the project.
Fundamental analysis of the Loopring-LRC cryptocurrency – The final conclusion
In concluding the fundamental analysis of the Loopring-LRC cryptocurrency, the project presents a promising but mixed investment opportunity. Its innovative approach to decentralized exchanges and strong tokenomics are offset by areas needing improvement, such as social media presence and team development. The overall score of 7.22 out of 10 reflects a project with solid foundations and potential for growth, though it carries the usual risks associated with cryptocurrency investments. Prospective investors should weigh these factors carefully, considering the dynamic nature of the crypto market and the project’s ongoing development trajectory.
What is Loopring-LRC?
Loopring – LRC Overview
Loopring – LRC is an Ethereum-based token tied to the Loopring protocol. This protocol aims to revolutionize the crypto trading world by integrating the strengths of both centralized and decentralized exchanges. Centralized platforms, which handle a significant portion of crypto trading, offer convenience but come with risks. Their custodial nature means users’ funds might be compromised due to hacker attacks, internal malicious actors, or regulatory actions. Also, their off-blockchain trade settlements lead to transparency issues, enabling potential price manipulations.
Decentralized Exchanges and Their Challenges
Decentralized exchanges (DEXs) emerged as a solution to these problems. Unlike centralized ones, DEXs enable direct connections between buy and sell orders, ensuring trades are settled on public blockchains. This process removes custodial risks and enhances transparency. However, DEXs also present challenges. They can be less efficient compared to centralized platforms due to the limited capabilities of underlying blockchains and fragmented liquidity.
Loopring’s Innovative Solution
The fundamental analysis of the Loopring – LRC cryptocurrency shows that it introduces a hybrid approach to address these issues. By managing orders in a centralized fashion but settling trades on-chain, it combines the best of both worlds. Moreover, by enabling up to 16 orders in circular trades rather than just one-on-one trading pairs, Loopring aims to boost order execution efficiency and improve DEX liquidity.
In essence, Loopring – LRC offers an innovative solution to the challenges faced by both centralized and decentralized exchange platforms, aiming to deliver a safer and more efficient trading experience.
- Latest analysis update: October 23, 2023
Loopring - LRC performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
