21 APR 2022- Loopring (LRC) Report Card

21 APR 2022- Loopring (LRC) Report Card

By quantdoge | Daily Crypto Risk Report | 22 Apr 2022


Investment Disclaimer:

  • I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
  • Past performance presented here is not an indicator of future performance.
  • This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
  • I do hold a long position in LRC as a token holder.

TL; DR

1. LRC has undergone 433.35% return from USD 0.1754 to USD 0.9355 since 01 Jan 2021.

2. Loopring's overall transaction volume is declining in year 2022 as compared to 2021. However, this issue is mainly a macro-driven issue rather than a micro (i.e. blockchain-specific) one as central banks around the world hike interest rates and adopt hawkish monetary stance.  

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3. Quantitative risk measurements (Value-at-Risk, Kurtosis, Return distribution) are suggesting that LRC is trading at a relatively lower risk level as compared to 10 days ago.

4. Loopring has the greatest number of Reddit community as compared to other DEX.

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5. LRC-USDT futures were in a net selling position this month, with selling volume overweigh its buying volume.

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Quantdoge Publications Newsletter

Find out whether Loopring is the future of DeFi and NFT at: 

Quantdoge Publications- Is Loopring The Future of DeFi and NFT ?

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


Daily Crypto Risk Report
Daily Crypto Risk Report

This blog was created by quantdoge, a data scientist in the cryptocurrency and blockchain space to publish daily risk reports on different cryptocurrencies. All published reports in this blog were analyzed with in-house algorithmic trading and quantitative risk management technology. ** Investment disclaimer: ** I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.

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