![]() ![]() Get an in-depth analysis of Loom Network’s price prediction in the video above, and subscribe to his YouTube channel for additional crypto price forecasts. A breach of this level could signify a reversal, leading to a retreat back to $0.14. However, for a bullish trajectory, $LOOM must maintain support at $0.23. The next target is set at $0.32 if the current momentum persists. Nevertheless, traders should exercise caution due to indications of potential market manipulation.ĭespite its promising performance, $LOOM’s price remains susceptible to market fluctuations. ![]() This price movement presents an attractive opportunity for scalpers, who engage in rapid buying and selling to secure modest gains. Over the past 24 hours, $LOOM’s price has surged by 10.57%. $LOOM Price PredictionĪs of October 14th, the price of Loom Network stands at $0.29, boasting a 24-hour trading volume of $790.51 million and a market capitalization of $339.42 million. Remarkably, this accumulation represents 53.8% of $LOOM’s total trading volume. ![]() Loom Network is a game operating platform.…Ī notable factor behind this upswing is the suspicion that a wallet associated with Upbit accumulated 21.42 million $LOOM ($5.83M) on October 13th. The trading volume of LOOM future in the past 24 hours reached $2.4 billion. Upbit LOOM/KRW spot trading volume is $360 million, accounting for 53.8% of the entire. LOOM price has increased by 550% in the past 3 weeks. This gaming platform has captured the cryptocurrency community’s interest by recording an impressive 580% price increase in less than a month. The token’s multifunctionality enhances interoperability and user engagement within the Loom ecosystem.Despite being down nearly 64% from its all-time high five years ago, the recent price surge has reignited interest in this underrated project.Īmidst a bearish cryptocurrency market, a few tokens, including Loom Network, stand out with their strong performance. It operates across all DAppChains within the Loom Network, enabling the transfer of digital assets and data between Ethereum and Loom DAppChains. The LOOM token serves as a membership pass, granting holders access to all apps running on the Loom Network. Loom’s infrastructure focuses on scaling decentralized applications (DApps) on the Ethereum network, utilizing DPoS (Delegated Proof of Stake) sidechains to provide scalability while maintaining the security of the Ethereum mainnet. It allows Ethereum Solidity applications to run on side chains, enabling these applications to have consensus mechanisms tailored to their specific needs and threat models. The Loom Network operates on the Plasma scaling solution, enhancing transaction speeds across the network. Loom Network facilitates the integration of smart contracts with external systems, while allowing developers to continue using familiar programming languages. Launched on October 1st, 2017, its primary goal is to provide applications with the ability to access greater computing power or maintain consistent power at lower costs. Loom Network is a platform as a service built on top of Ethereum, designed to help developers run large-scale decentralized applications. ![]()
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