Loopring (LRC) June 10, 2019 Week In Review: Price Up 11.41%

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Price Action

Since last week, Loopring’s price went up by 11.41%. It is above its 20 day moving average by 2.52%, so it’s fairly close. Loopring’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Loopring is more volatile than roughly 46% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Loopring to bounce between 0.05771748 and $0.07562052 US dollars per coin.

Where to trade Loopring (symbol: LRC): Gate, Yobit, Binance, Ethfinex

Volume Update

In the span of the preceding 7 days, Loopring’s daily volume, in terms of its own unit of currency, has fluctuated between 4,861,059 and 12,947,954. In the three weeks prior, both price and volume have been declining. Loopring experienced a turnover rate of about 0.99% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 30.93% of the cryptocurrencies in our index, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.

Engagement Update

Over the past week, Loopring saw its holders go from NA to 71,670, an increase of NA%. And in regards to cumulative transactions logged on the blockchain, they went from NA to 511,268, which amounts to a change of NA%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Loopring is thus at NA% which, relatively speaking, is ahead of NA% of the cryptocurrencies we’re tracking. This could indicate thatNA

Technology Development Status

At the moment, Loopring has 30 repositories open to the public on GitHub, with the oldest one now being 1.97 years young. Its last public update to any of its repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. Loopring’s public repositories collectively have a total of 303 watchers, which is about average compared to other similar coins; that’s more than approximately 47 % of coins in its index. The coin has 67 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on Loopring’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Loopring we see that it fares better than only 29% of the coins we group Loopring in.

Loopring News and Commentary

The top theme being discussed about Loopring in the past week is listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.

A Beginner’s Guide to Loopring: My Experience as a

Where to Buy

You can trade Loopring, listed under the symbol LRC, through the following exchanges: Gate, Yobit, Binance, Ethfinex.

Article by SixJupiter

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