This $LRC has been trading in a range for 800 days Read more.😱👇
1- This is the monthly chart of $LRC , and this range has been going on for 800 days.🥂
2- Such coins are very rare to find, which are undervalued and stuck in a range.💸
3- This is a good opportunity for investors to start accumulating now, as I expect a good pump in it.📉📈
$LRC (Loopring) fundamentals:
1. Purpose: Loopring is a decentralized exchange (DEX) protocol for trading assets across different block-chains.
2. Token: LRC is the native token, used for payment fees, governance, and incentivizing node operators.
3. Supply: Total supply is 1.37 billion LRC.
4. Consensus: Loopring uses a variant of the proof-of-stake (P-o-S) consensus algorithm.
5. Scalability: Loopring aims to improve scalability by processing transactions off-chain and posting them on-chain in batches.
6. Security: Loopring utilizes zk-SNARKs for privacy and security.
7. Use cases: LRC is used for decentralized trading, payment fees, and governance.
8. Partnerships: Loopring has partnered with notable projects like Ethereum, BINANCE, and Huobi.
Here are some additional Loopring fundamentals:
1. Layer 2 solution: Loopring is a layer 2 scaling solution, built on top of Ethereum, enabling faster and cheaper transactions.
2. Protocol upgrades: Loopring has undergone several protocol upgrades, enhancing its performance, security, and functionality.
3. Decentralized governance: LRC holders can participate in governance decisions, voting on proposals for the development and growth of the protocol.
4. Node operators: LRC is used to incentivize node operators to maintain the network, process transactions, and provide liquidity.
5. Liquidity pools: Loopring uses liquidity pools to enable decentralized trading, providing a source of liquidity for traders.
6. Non-custodial: Loopring is a non-custodial solution, meaning users have full control over their assets and private keys.
Thanks for Reading this article Have a nice day!🙂
