As the Loopring project price crosses a major barrier, a new price prediction has been made. The Loopring Project has finally crossed over to the USD 0.01 price barrier with many people believing this is only the beginning for this cryptocurrency project. The main argument for such an idea is that as more and more exchanges list LRN and LRQ tokens, there will be great demand for these tokens from investors looking to purchase them in bulk.
There are also plans in place to have LRN and LRQ tokens listed on DEXEOS but until those announcements come into fruition, it’s hard to know what will happen once those announcements are released. However, since the trading of these tokens has only just begun, traders should be patient and when the right time comes, they should buy up as much as they can. The reason why this is such a big deal is that there weren’t any LRN or LRQ tokens made available at the private sale but exchanges have started listing them to take advantage of investor interest. The LINK/ETH pair even briefly went over USD 0.02 which might mean potential investors are looking to pick up some cheap LINK tokens which could lead to a rise in their price once Loopring begins their main net token swap.
What is Loopring?
Loopring connects all crypto-token exchanges through its decentralized & automated system to help shift away from centralized exchanges that are susceptible to manipulation. The project’s slogan is “To be the No.1 blockchain asset exchange in the world”. This is a lofty goal that may take years to achieve, but the team has a few things going for it that give it an advantage in the exchange market.
What makes Loopring stand out?
Loopring has several advantages over centralized exchanges that might help it surpass Binance and others. The first advantage is decentralized. The second is automation. By combining these two features with blockchain technology, Loopring has a chance to be the world’s number one crypto exchange in the future if they keep growing at its current rate of success. The technology behind Loopring is already made. They might not be the number one exchange today, but they’re likely to become a top ten currency shortly.
Why you should be interested in Loopring.
Loopring is still a relatively young project. The team has been busy making improvements to its technology and trying to get its name out there for the past few years. They’ve got a lot of work ahead of them if they want to become competitive with Binance or other top 10 exchanges but it’s possible if they keep moving forward at this pace. Even if they don’t become the biggest exchange in the world, they could still become one of the best. Loopring is also adding more coins to its platform quickly. They’re adding more coins than Binance right now. They currently have 14 currencies with a few more coming soon (though Binance has many more coins than they do). The founder of Loopring is already working on new projects that will eventually be integrated into their exchange as well.
Loopring price prediction
Loopring’s most important goal is to become the number one exchange in the world. They’re not there yet, but they’re going to get there eventually. There have already been a few points along the way where the price of LRN reached USD 0.24 before sinking below USD 0.01 and it’s only a matter of time before that happens once again if the team keeps growing at this rate. Loopring is creating a decentralized exchange that can compete with Binance and others. BCC, TRX, and XRP have been added to their platform in the past few months and more are on their way. If LRN keeps increasing at this rate, it’s not far away from becoming the number one exchange in the world. It will be an uphill battle for them, but Loopring is going to be one of the biggest coins in the world by 2018.
