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Loom Network

Loom Network priceLOOM

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Loom Network price calculator

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LOOM
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1 LOOM = 0.08394 USD
Last updated 2024-04-25 15:11:53(UTC-0)

Loom Network price live data summary

The live price of Loom Network is $0.08394 per (LOOM / USD) today with a current market cap of $102.77M USD. The 24-hour trading volume is $10.31M USD. LOOM to USD price is updated in real time. Loom Network is -0.27% in the last 24 hours. It has a circulating supply of 1,224,270,800 .

What is the highest price of LOOM?

LOOM has an all-time high (ATH) of $0.7745, recorded on 2018-05-04.

What is the lowest price of LOOM?

LOOM has an all-time low (ATL) of $0.007666, recorded on 2020-03-13.

Loom Network price performance in USD

24h7d30d90d1yAll-time
-0.27%+8.40%-31.68%-4.84%+40.31%+11.20%

Loom Network price history in USD

TimeLowHigh
24h$0.07957$0.08512
7d$0.07168$0.08860
30d$0.06496$0.1282
90d$0.06496$0.1543
1y$0.03645$0.4846
All-time$0.007666(2020-03-13, 4 years ago )$0.7745(2018-05-04, 5 years ago )

Loom Network market information

Market cap
$102,769,205.26
-0.27%
Fully diluted market cap
$109,126,147.74
-0.27%
Volume (24h)
$10,305,621.48
-0.43%
Market rankings
Circulation rate
+94.00%
24h volume / market cap
0.1002
Circulating supply
1,224,270,800 LOOM
Total supply / Max supply
1.3B LOOM
-- LOOM

Loom Network ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Loom Network Social Data

In the last 24 hours, the social media sentiment score for Loom Network was 3, and the social media sentiment towards Loom Network price trend was Bullish. The overall Loom Network social media score was 0, which ranks 1036 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Loom Network being mentioned with a frequency ratio of 0%, ranking 857 among all cryptocurrencies.

In the last 24 hours, there were a total of 90 unique users discussing Loom Network, with a total of Loom Network mentions of 24. However, compared to the previous 24-hour period, the number of unique users decrease by 21%, and the total number of mentions has decrease by 63%.

On Twitter, there were a total of 0 tweets mentioning Loom Network in the last 24 hours. Among them, 0% are bullish on Loom Network, 0% are bearish on Loom Network, and 100% are neutral on Loom Network.

On Reddit, there were 4 posts mentioning Loom Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 33% . Additionally, there were 0 comments mentioning Loom Network. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#1036)
Social contributors(24h)
90
-21%
Social mentions(24h)
24(#857)
-63%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
3
Reddit posts(24h)
4
+33%
Reddit comments(24h)
0
0%

About Loom Network(LOOM)

What Is Loom Network?

Loom Network is a Platform-as-a-Service (PaaS) blockchain solution, designed as a Layer-2 scaling solution for Ethereum-based applications. It utilizes sidechain development to facilitate the creation of decentralized applications (dApps) that can operate with their own rules, consensus methods, and security measures, enabling faster and more efficient scaling. Initially, Loom Network concentrated on blockchain-based social media and gaming dApps but has since pivoted to focus on enterprise blockchain applications, specifically for government agencies and healthcare providers.

Loom Network, founded in 2017, is headquartered in Bangkok, Thailand. It aims to resolve the scalability trilemma in blockchain design, which posits that a blockchain network can only maximize two out of three options: scalability, decentralization, or security. By offering developers the ability to create customized sidechains, Loom Network provides a solution for building scalable and fast applications without compromising the security and decentralization inherent to the Ethereum protocol.

Resources

Official Documents: https://loomx.io/developers/en/intro-to-loom.html

Official Website: https://loomx.io/

How Does Loom Network Work?

Loom Network employs a sidechain architecture to alleviate traffic from the Ethereum mainnet, allowing the execution of high-performance dApps without sacrificing the security or decentralization of Ethereum. These sidechains are interoperable with the Ethereum mainnet, facilitating easy porting of dApps between the two networks. Loom Network’s sidechains are secured by a Delegated Proof-of-Stake (DPoS) consensus mechanism, which is more energy-efficient and scalable compared to Proof-of-Work, used by networks like Bitcoin.

The Loom Network provides an SDK for developers, simplifying the development of dApps without requiring advanced knowledge of Ethereum’s native Solidity programming language. Applications developed using the Loom SDK can be integrated into the Loom Network platform through their unique Ethereum sidechain, called the dAppChain. This allows developers to implement distinct rules, consensus methods, and data protocols for their applications.

What Is LOOM Token?

LOOM is the native utility token of the Loom Network with a fixed total supply of one billion. It powers the Loom Network and is used for staking on the PlasmaChain, a blockchain connected to Ethereum that uses a Proof-of-Stake mechanism. LOOM tokens are essential for clients and partners to access the Loom Network, and businesses pay subscription fees and transfer fees in LOOM for utilizing the Loom Network PaaS model and for moving assets between Loom Network sidechains and the main Ethereum blockchain.

Loom Network's Impact on Finance

Loom Network’s innovative approach to solving Ethereum’s scalability issues has the potential to revolutionize financial applications built on blockchain technology. By enabling the development of high-performance dApps, Loom Network can facilitate faster and more efficient financial transactions, reducing latency and improving user experience in decentralized finance (DeFi) applications. The integration of Layer-2 solutions like Loom Network can drive the adoption of blockchain technology in the financial sector, offering scalable and secure alternatives to traditional financial systems.

What Determines Loom Network's Price?

The price of Loom Network's token, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. One primary determinant is market supply and demand, driven by cryptocurrency enthusiasts and the crypto community's perception of Loom Network's value, especially in its ability to solve Ethereum’s scalability issues. The LOOM token's utility within the network, required for accessing the platform and paying fees, also plays a crucial role in its valuation. Market sentiment, often swayed by cryptocurrency news, trends, and analysis from cryptocurrency experts and influencers, can significantly impact the cryptocurrency price, leading to fluctuations and volatility.

Cryptocurrency regulation is another pivotal factor, with changes in legal frameworks potentially affecting the token's availability and, subsequently, its price. For those wondering where to buy cryptocurrency like LOOM, it can be acquired on leading exchanges such as Bitget, and the ease of acquisition can also influence its price. Cryptocurrency charts and crypto market analysis are essential tools for those looking to understand price trends and make price predictions for 2023 and beyond, aiding in crypto portfolio management and trading strategies. The overall adoption and development trajectory of Loom Network, coupled with its security and the perceived risks and rewards of investment, will continue to shape its price in the cryptocurrency market.

In conclusion, determining the price of LOOM involves considering various factors, including market supply and demand, utility, market sentiment, regulation, and broader trends in the cryptocurrency market. Potential investors, especially cryptocurrency beginners, should stay informed about cryptocurrency events, conduct thorough research, and consider the opinions of cryptocurrency experts before deciding if LOOM is the best crypto investment for 2023.

Trade LOOM perpetual futures

After having successfully signed up on Bitget and purchased USDT or LOOM tokens, you can start trading derivatives, including LOOM futures and margin trading to increase your income.

The current price of LOOM is $0.08394, with a 24h price change of -0.27%. Traders can profit by either going long or short onLOOM futures.

Join LOOM copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or LOOM tokens, you can also start copy trading by following elite traders.

Loom Network news

See more
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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

TokenInsight2023/08/22 15:31#Social#Coinbase

People are also inquiring about the price of Loom Network.

What is the current price of Loom Network?

We update our Loom Network to USD price in real time. Get the live Price of Loom Network on Bitget.

What is the 24 hour trading volume of Loom Network?

Over the last 24 hours, the trading volume of Loom Network is $10.31M.

What is the all-time high of Loom Network?

The all-time high of Loom Network is $0.7745. This all-time high is highest price for Loom Network since it was launched.

Can I buy Loom Network on Bitget?

Yes, Loom Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Loom Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Loom Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Loom Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Loom Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Loom Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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LOOM is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support LOOM trades.
You can trade LOOM on Bitget.

LOOM/USDT

Spot

LOOM/USDT

Margin

LOOM/USDT

USDT-M Futures

LOOM/USD

Coin-M Futures

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龍蝦阿咪
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insight412/1000
1642.26%
ROI
Total profit $1,491,223.30
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576.29%
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Total profit $3,809.60
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Links
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