1inch $0.25462.06%aave $141.400.02%ada $0.34991.42%ae $0.0230*2.05%algo $0.12142.31%ape $0.72104.26%atom $4.30973.07%avax $28.4279.42%axs $4.52600.96%bal $1.92002.13%band $1.1518*5.30%bat $0.17603.04%bcd $0.0585*3.38%bch $326.360.90%bcn $0.000020000*0.00%bnb $567.901.19%bsv $45.508*2.19%btc $62,7553.29%cake $1.8778*4.06%dcr $12.524*3.05%dgb $0.0066*3.45%doge $0.11031.82%dot $4.19132.64%enj $0.14821.72%etc $18.6101.13%eth $2,448.31.54%fil $3.52200.14%ftm $0.67336.30%grt $0.15872.65%hbar $0.05132.23%iost $0.0052*6.00%knc $0.45180.10%ksm $18.0001.71%link $10.9202.98%loom $0.0545*3.39%lrc $0.11940.33%lsk $0.82392.47%ltc $65.6100.94%mana $0.28731.62%mkr $1,357.80.29%mlx $0.00000014610.61%nano $0.81942.34%oxt $0.07210.00%pepe $0.0000094751.99%ren $0.03510.00%rep $0.62900.00%sand $0.25402.00%sc $0.00471.96%shib $0.0000170451.51%skl $0.03500.00%snx $1.43901.27%sol $145.883.43%sushi $0.76082.27%theta $1.3076*8.35%trx $0.16071.28%uma $2.59190.67%uni $7.82632.45%usdt $1.00110.19%vet $0.02283.43%waves $1.0856*2.32%xaut $2,660.80.00%xlm $0.09241.67%xmr $152.260.27%xrp $0.53740.16%yfi $4,957.11.52%zil $0.0148*5.64%
1inch $0.25462.06%aave $141.400.02%ada $0.34991.42%ae $0.0230*2.05%algo $0.12142.31%ape $0.72104.26%atom $4.30973.07%avax $28.4279.42%axs $4.52600.96%bal $1.92002.13%band $1.1518*5.30%bat $0.17603.04%bcd $0.0585*3.38%bch $326.360.90%bcn $0.000020000*0.00%bnb $567.901.19%bsv $45.508*2.19%btc $62,7553.29%cake $1.8778*4.06%dcr $12.524*3.05%dgb $0.0066*3.45%doge $0.11031.82%dot $4.19132.64%enj $0.14821.72%etc $18.6101.13%eth $2,448.31.54%fil $3.52200.14%ftm $0.67336.30%grt $0.15872.65%hbar $0.05132.23%iost $0.0052*6.00%knc $0.45180.10%ksm $18.0001.71%link $10.9202.98%loom $0.0545*3.39%lrc $0.11940.33%lsk $0.82392.47%ltc $65.6100.94%mana $0.28731.62%mkr $1,357.80.29%mlx $0.00000014610.61%nano $0.81942.34%oxt $0.07210.00%pepe $0.0000094751.99%ren $0.03510.00%rep $0.62900.00%sand $0.25402.00%sc $0.00471.96%shib $0.0000170451.51%skl $0.03500.00%snx $1.43901.27%sol $145.883.43%sushi $0.76082.27%theta $1.3076*8.35%trx $0.16071.28%uma $2.59190.67%uni $7.82632.45%usdt $1.00110.19%vet $0.02283.43%waves $1.0856*2.32%xaut $2,660.80.00%xlm $0.09241.67%xmr $152.260.27%xrp $0.53740.16%yfi $4,957.11.52%zil $0.0148*5.64%
lrc / loopring trade
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0.33%
$0
$0
lrc = $
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            news
            There was some fear in the market as Bitcoin hovered around the $40k mark. The stock markets have also not been extremely bullish. In fact, it can be argued that Bitcoin is following in the footsteps of major stock indices and moving sideways in the fast couple of days.
            Loopring is a leading layer 2 blockchain project that is in the Decentralized Finance (DeFi) and non-fungible tokens (NFT) projects. The network has seen robust growth this year even as the cryptocurrency industry has struggled. In its second-quarter report, the developers said that the number of smart contract wallets rose to over 130k while the volume of trades rose to over $5 billion.
            Loopring was riding high with the bulls on 19 April, with the rest of the cryptocurrencies contributing to the broader market growth.
            Loopring (LRC) had emerged as one of the top-performing coins in 2021. In fact, the altcoin went on to hit its all-time high of $3.86 in November last year. But after that, it’s been free fall for LRC. However, the coin appears to be nearing a decisive bullish breakout in the coming days. Here are some highlights:
            Loopring (LRC) is an Ethereum-based token used as an open protocol platform for building decentralized (Defi) cryptocurrency exchanges.
            One of the big sleeper hits in the crypto class is revealing itself to be Loopring (CCC:LRC-USD). The scalability network is seeing quite the price boom over the latter half of 2021. Chalk it up to the interest in scalability or the rumors that Loopring can’t escape surrounding its relationship with GameStop (NYSE:GME). Either way, don’t expect the hype to die down just yet. With the launch of the Loopring wallet today, excitement is only building further for the network.
            Loopring, the poster boy of scalable Ethereum-based solutions is having a tough time of late. Back towards the end of ‘Uptober‘ 2021, LRC had rallied just shy of 1000% in a matter of two weeks. But since then, it has had a huge fall. It practically slid down a slope of valuations and is currently standing at a meager market capitalization of ~$660 million.
            LRC is decreasing underneath a descending resistance line.
            Loopring is about to set an example as the first token to completely eliminate the impact of the bears with the help of one of the biggest names in the gaming industry.
            Over the daily price chart, the loopring price is attempting to recover from the consolidation period. Initially, a descending triangle pattern over the daily chart caused the token to fall through. Then after LRC currency began consolidating at the lows of 2021 and has been in the range-bound region ever since. For Loopring pricing to exit the consolidation phase, more buyers are needed. The coin has effectively regained strength up to the 20 EMA and is going for the remaining bullish barriers of the 50, 100, and 2000-day daily moving averages. However, LRC must maintain the current uptrend momentum to register its breakout from the range-bound area.
            The company posted a loss of $1.94 per share in the fiscal fourth quarter, compared to a $0.85 gain predicted by analysts. On its results call, the company stated that it believes the NFT market has long-term potential.
            Bitcoin’s losses since April have had a strong impact on the price action of Loopring. Loopring was trading above $1 in March 2022, but it was quickly forced to cede all the territory gained in March back to the bears.
            Loopring [LRC], the zkRollup layer2 on Ethereum [ETH], which intends on making the blockchain more accessible, continues to push its development. However, on the investor front, this network doesn’t seem to be making any strides. In fact, the beginning of July has marked one of the worst days for the LRC token.
            After sliding 15% lower on Monday, the Loopring price is remarkably quiet so far today. But something tells me that won’t last for long.
            LRC, the native token of Ethereum scaling network Loopring, soared in digital-asset markets on Wednesday after the blockchain project shared an update on its partnership with GameStop (GME), the video game retailer whose volatile and sometimes coordinated price action in early 2021 made it a darling of meme stock traders.
            LRC is among the biggest gainers after rallying by more than 27% over the last seven days while most of the top cryptocurrencies were stuck in a narrow range. The rally comes amid an important loopring development but it looks like it might be due for some more upside thanks to a major milestone this week.
            If you believe the future of finance is on Ethereum, your confidence may have been tested by transaction fees of up to $200 and the blockchain’s limit of 14 transactions per second.
            Loopring, the poster boy of scalable Ethereum-based solutions is having a tough time of late. Back towards the end of ‘Uptober‘ 2021, LRC had rallied just shy of 1000% in a matter of two weeks. But since then, it has had a huge fall. It practically slid down a slope of valuations and is currently standing at a meager market capitalization of ~$660 million.
            The integration should allow users to mint NFTs for less than $1 while inheriting Ethereum's security.
            The cryptocurrency market has recovered slightly on Monday, and with Bitcoin trading above $30,000, many altcoins are following suit. Loopring (LRC) stands out as a top gainer during the past 24 hours, having made an 8.1% surge during the past 24 hours.
            general news
            Ethereum (ETH) has faced a slight drop over the past 24 hours, with its price currently at $2,608, representing a 2% decline​(CoinGecko)​(Binance). This comes after a period of increased volatility, and Ethereum continues to underperform compared to Bitcoin, reflecting broader market hesitations. Ethereum’s trading volume saw a surge of nearly 79%, driven by whale activity, which deposited 3,510 ETH into the Kraken exchange​(Blockonomi).
            Solana (SOL), one of the most active blockchain networks, is witnessing a surge in development activity despite facing downward pressure in the market. Over the past week, SOL has seen a 10% decline, battling to hold support around $140. On-chain data shows a contrasting picture: daily transaction volume has dropped 33% since late July, but the platform’s Total Value Locked (TVL) has increased by 5% in the past month. This surge in TVL indicates strong activity within Solana’s DeFi ecosystem, reflecting investor confidence even as the token struggles to maintain price momentum​(Watcher Guru)​(FX Leaders).
            In the past week, Avalanche (AVAX) has demonstrated significant growth, with its Total Value Locked (TVL) surging by 90%, reaching over $911 million. This increase points to growing interest in the platform’s decentralized applications (dApps) and decentralized finance (DeFi) projects. The recent rise in developer activity, with a notable spike in GitHub commits, highlights the expanding ecosystem and growing network demand. Much of this growth can be attributed to ongoing innovations like the Avalanche subnets, which offer scalability and efficiency​(CoinCodex)​(Cointelegraph).
            In the last week, Binance Coin (BNB) has seen a notable increase in its value, with Binance increasing its BNB reserves by 2.17%. This shift comes as the exchange rebalances its asset portfolio, reducing its holdings in Bitcoin (BTC), Ethereum (ETH), and USDT. While those assets saw declines, the increased focus on BNB signals Binance's confidence in its native token, likely driven by its growing use in transaction fees, governance, and participation in the Binance ecosystem​(The Currency analytics). BNB remains integral to the platform, providing users with various benefits such as discounts on trading fees and participation in the Binance Launchpool.
            The U.S. Securities and Exchange Commission (SEC) filed an appeal against the recent ruling that favored Ripple, contesting that programmatic sales of XRP on secondary markets are not securities transactions. This development caused XRP to plunge by 12%, from $0.60 to $0.52. Ripple’s Chief Legal Officer and CEO both expressed disappointment with the SEC’s persistence, calling the appeal “disappointing but not surprising”​(Techopedia)​(Invezz).
            Over the last 12 hours, Solana ( SOL ) has maintained a steady position, trading around $154.64 , reflecting a 1.4% decline in the past 24 hours but a 6.9% increase over the last week. The current market cap sits at $73.5 billion , with a 24-hour trading volume of $3.2 billion . Solana’s recent price surge has been fueled by several key developments, including new product launches and institutional backing​( CoinGecko )​( CoinMarketCap ).
            Shiba Inu (SHIB) has experienced a steady uptick in the past week, increasing by 2% as of October 9, 2024. The current price sits around $0.000017, part of a broader 35% rise in the last month. One of the primary drivers for this price action is the ongoing decrease in SHIB reserves on centralized exchanges, which signals reduced selling pressure. Additionally, the burn rate for SHIB has surged by over 400%, effectively removing millions of tokens from circulation, potentially increasing scarcity over time​(FX Leaders)​(Watcher Guru).
            In a significant development, the U.S. Securities and Exchange Commission (SEC) filed an appeal on October 2, 2024, challenging the recent ruling in Ripple's favor. The initial decision allowed Ripple’s programmatic sales on secondary markets, stating that these sales did not constitute securities transactions. However, the SEC continues to dispute this, leading to a drop in XRP’s price by 12% after the announcement. Ripple’s leadership, including Chief Legal Officer Stuart Alderoty, criticized the SEC’s actions, stating that the agency’s persistence in pursuing the case is damaging its credibility​(Techopedia)​(Invezz).
            In the past 12 hours, Ripple ( XRP ) has experienced volatility , currently trading at $0.6198 , reflecting a 5.3% decline over the past 24 hours. Market activity has surged, with a 24-hour volume of $2.2 billion , largely driven by uncertainty surrounding the upcoming SEC appeal deadline​( MarketBeat )​( Cryptonews ).
            In one of the most significant updates of the year for Polygon, the MATIC to POL migration officially went live in October 2024. This transition is a part of Polygon 2.0, where POL becomes the new native gas and staking token for the Polygon PoS network. POL’s launch is aimed at unifying liquidity across multiple Layer 2 chains while reducing transaction costs and improving scalability. Polygon Labs is also preparing for future phases where POL will have broader roles, including securing multiple blockchains and enhancing cross-chain interoperability​(Web3, Aggregated.)​(Web3, Aggregated.).
            Cardano (ADA) has made significant progress in its journey towards full decentralization, with the recent "Chang Upgrade" being a pivotal moment. This upgrade transferred control of the blockchain’s keys from Input Output Global (IOG) to the community, enhancing network security and autonomy. Additionally, Cardano's Hydra scaling solution has improved its transaction throughput, positioning it as a robust player in the smart contract ecosystem. Analyst Dan Gambardello has even suggested that Cardano is now 10 times stronger than in previous cycles due to these advancements​(Blockonomi).
            A new HBO documentary titled Money Electric: The Bitcoin Mystery , directed by Emmy-nominated filmmaker Cullen Hoback, is set to air on October 8, 2024, and claims to reveal the true identity of Bitcoin's elusive creator, Satoshi Nakamoto. Known for his previous work on Q: Into the Storm , which unmasked the creators behind the QAnon conspiracy, Hoback's latest project dives deep into one of the biggest mysteries in cryptocurrency.
            Ripple's much-anticipated RLUSD stablecoin is nearing launch after significant minting activities and testing on both the XRP Ledger and Ethereum blockchain. As of early October 2024, Ripple minted a staggering 29.7 million RLUSD tokens, signaling the project's final testing phase before its planned Q4 2024 release. RLUSD will serve as a U.S. dollar-pegged stablecoin, fully backed by cash reserves, and is set to provide deep liquidity and instant settlement solutions.
            Polkadot has seen a surge in network activity after integrating Mythical Games, bringing over 3.6 million new users to its ecosystem. This development is part of Polkadot’s ongoing efforts to enhance its blockchain through parachain adoption. Mythos, a gaming-focused blockchain, transferred its Blankos collection and other assets to Polkadot, significantly boosting the number of active wallets on the network. This strategic partnership highlights Polkadot's potential in the gaming and NFT sectors, which could further drive network usage and demand for DOT​(Finbold).
            In a significant move for the decentralized exchange (DEX), SushiSwap is transitioning from a decentralized business model to a 'Labs Model,' aimed at addressing financial sustainability and development speed. This shift, which has seen over 62% of the community vote in favor, is designed to establish Sushi Labs as the centralized administrative body managing the SushiSwap ecosystem. The proposal allocates 25 million SUSHI tokens to fund operations and governance. However, the community remains divided, with concerns about centralization and potential manipulation within the governance structure​(Cointelegraph)​(American Banking News).
            Ethereum continues to see an impressive rise in staking activity, with nearly 29% of the total ETH supply now staked, a significant jump from earlier this year. This surge is a strong signal of growing long-term confidence among investors, particularly following Ethereum's shift to a proof-of-stake (PoS) model. This increase in staked ETH reduces the available supply, which could help drive upward pressure on prices over time​(The Currency analytics).
            Uniswap has recently unveiled Unichain, a new Ethereum-based Layer-2 solution aimed at addressing critical issues within the decentralized exchange (DEX) space, including high transaction fees and slow speeds. Powered by Optimism's OP Stack, Unichain promises block times as fast as 250 milliseconds, significantly improving the user experience. The Layer-2 network will initially support Uniswap's V2 and V3 protocols, with plans to introduce V4 by the end of the year. This development positions Unichain as a hub for DeFi liquidity and interoperability across chains​(markets.businessinsider.com)​(Crypto Briefing).
            Dogecoin (DOGE) has seen a slight uptick in the past week, gaining around 3.5% after a better-than-expected U.S. jobs report buoyed the cryptocurrency market. DOGE, which had been trading near $0.10, surged to $0.113, reflecting overall optimism in the crypto space, driven by broader macroeconomic factors. Alongside major cryptos like Bitcoin and Ethereum, Dogecoin is showing signs of potential recovery, with investors eager to see if October’s historical trend of bull runs will continue in 2024​(Benzinga)​(Watcher Guru).
            1. Bitcoin’s Recent Performance: Holding Steady Amid Inflation Data In the past week, Bitcoin (BTC) has been consolidating just above $60,000, following the release of higher-than-expected inflation data from the U.S. Consumer Price Index (CPI). The report showed inflation slightly above forecasts, but this did not spur a major BTC price movement, which remained close to its 50-day moving average. Market sentiment has been cautious, influenced by broader economic conditions and geopolitical tensions. Despite this, BTC’s stability above $60,000 has many investors speculating that a significant move could be on the horizon as October unfolds​(Cryptonews).
            In the last 12 hours, Bitcoin (BTC) has seen a price dip, settling at $63,608, reflecting a 3.2% drop from the previous day. This follows a recent period of volatility, where Bitcoin hit a weekly high of $65,934 before the decline. Despite the drop, Bitcoin’s price remains stable within the expected trading range of $63,540 to $66,480​(Kitco)​(CoinMarketCap).
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