Loopring
Last modified on 11. October 2020
Quick Facts
In September 2017, Loopring was added to coinmarketcap.com to track its real-time trading data.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, Loopring had an average trading volume of over US$ 2.4 m per day for the first trimester of 2019. Over the same time frame in 2018, this figure came to over US$ 11.9 m. The trading volume dropped by 79.6 percent accordingly.
The average market capitalization during the first trimester of 2019 equated to nearly US$ 47 m. This figure came to over US$ 415 m during the same period in 2018. The corresponding drop down in market capitalization equated to 88.8 percent.
Trading Price
The average trading price in the first trimester of 2019 was US$ 0.060324. In the same time frame of 2018, this figure came to over US$ 0.81. The corresponding price drop down equated to 92.6 percent.
The all-time high of Loopring in 2018
The price of the Loopring currency reached a high in January 2018 at US$ 2.59. The equivalent market capitalization of the token reached over US$ 1.3 billion. This put Loopring in the ballpark of certain other digital currencies, such as Dentacoin, Ardor, Dogecoin, KuCoin Shares and Status, among others.
Looprings all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 245 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 109 billion.
- Loopring (LRC): 1.3 bn US dollars
- Bitcoin (BTC): 245 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 109 bn US dollars
- Date: 9 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Loopring stood at US$ 0.058510 with a market capitalization of nearly US$ 46 million. This is a drop down to approximately 2.3 percent in comparison with the highest trading price stated above.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Loopring-Token is not a native digital currency and is not generated by mining. It has no maximum number of tokens, unlike HedgeTrade, for example. Those interested in the source code should also take a look at the GitHub page.
Loopring transactions currently in progress can be tracked using this block explorer, which also displays block height and other real-time metrics.
To delve deeper into the world of Loopring, download the white paper or find more links to community forums, source code and social media channels, visit loopring.org.
Markets
EUR
One trading platform for buying or selling Loopring in EUR is Bitvavo.
USD
Two large markets for buying or selling Loopring in USD are Coinbase Pro and Bitfinex. Additional trading platforms for buying or selling Loopring in USD are OKEx, MXC (MoCha) and Gate.io, among others.
BTC
Two large markets for buying or selling Loopring in BTC are Binance and Bitfinex. There are additional platforms where you can buy or sell Loopring, including Bilaxy, OKEx and Bitrue, among others.
Social Links
Visit the following social media channels to speak directly to the Loopring team:
1. This figure changes to 0.1652 percent when taking Bitcoin out of the equation.