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Loom Network to Bulgarian Lev Converter and calculator

Convert 1Loom Network (LOOM) to Bulgarian Lev (BGN) equals лв 0.1270 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Loom Network(LOOM) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 LOOM at a value of 1 LOOM for 0.13 BGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

BGN information

About the Bulgarian Lev (BGN)

What Is the Bulgarian Lev (BGN)?

The Bulgarian Lev, abbreviated as BGN and often denoted by the currency sign" лв", is the official currency of Bulgaria. BGN is a fiat currency, which is government-issued currency not backed by a physical commodity but rather by the government that issued it. The name 'lev' means 'lion' in old Bulgarian, symbolizing strength and valor. It is divided into 100 stotinki, reflecting the currency's precision and stability. The Bulgarian Lev is the sole legal tender in Bulgaria, and it is used for all transactions within the country.

The Bulgarian Lev is issued by the Bulgarian National Bank, which is the central bank of Bulgaria. The Bulgarian National Bank is responsible for the issuance and regulation of the nation's currency, as well as overseeing monetary policy and maintaining financial stability in Bulgaria.

What Is the History of BGN?

The lev was introduced in 1881, mirroring the value of the French franc. It underwent various transformations, including changes in its gold and silver backing and its pegging to other currencies like the German Reichsmark and the Soviet ruble. Post-World War II inflation led to the introduction of a new lev in 1952, pegged to the U.S. dollar. Subsequent redenominations in 1962 and 1999 aimed to stabilize the currency amidst fluctuating economic conditions, reflecting the country's efforts to maintain economic stability.

The most recent redenomination in 1999 pegged the lev to the Deutsche Mark, and later to the euro, at a fixed rate of 1.95583 BGN to 1 EUR. Bulgaria's accession to the EU in 2007 and its participation in the ERM II since 2020 are significant steps towards adopting the euro, expected in 2024.

Notes and Coins of BGN

The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 leva, featuring prominent Bulgarian historical figures and landmarks, symbolizing the nation's pride and history. The coins, known as stotinki, come in smaller denominations of 1, 2, 5, 10, 20, and 50 stotinki, and 1 lev, showcasing intricate designs that often include the Madara Rider, a UNESCO World Heritage Site, and other national symbols.

Is BGN Pegged to EUR?

Yes, the Bulgarian Lev (BGN) is pegged to the Euro (EUR). The peg is set at a fixed exchange rate of 1.95583 BGN to 1 EUR. This fixed rate has been in place since the redenomination of the lev in 1999, when Bulgaria aligned its currency with the Deutsche Mark, which was subsequently replaced by the Euro.

Will Bulgaria Adopt the Euro as Its Currency?

As of January 2024, Bulgaria is on track to adopt the Euro as its official currency. Having joined the European Union in 2007, the country made a significant step by entering the Exchange Rate Mechanism II (ERM II) in July 2020. This is a crucial stage in the process of adopting the Euro, requiring Bulgaria to maintain economic stability and meet the European Union's convergence criteria. The Bulgarian Lev is currently pegged to the Euro, which is a part of aligning Bulgaria's monetary policy with that of the Eurozone. The exact date when Bulgaria will fully adopt the Euro depends on meeting all the necessary economic requirements and obtaining approval from the European Union's institutions.

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Bitget crypto-to-fiat exchange data shows that the most popular Loom Network currency pair is the LOOM to BGN, with for Loom Network's currency code being LOOM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

LOOM to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Loom Network has changed -4.16% to BGN. Based on the trend and price charts, Loom Network(LOOM) has changed -4.16% to BGN while Bulgarian Lev(BGN) has changed % to LOOM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.1267
0.0003% / 0.0004%vip-iconVIP
Binance
лв0.1266
0.1000% / 0.1000%
Yes
Gate.io
лв0.1266
0.1000% / 0.1000%
Yes
Last updated 2024/06/13 17:00:20(UTC+0)

How to buy Loom Network

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Buy Loom Network (LOOM)
Use a variety of payment options to buy Loom Network on Bitget. We'll show you how.

Buy LOOM (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading does not currently support direct buying of LOOM with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy LOOM with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell LOOM (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading currently does not support direct selling of LOOM to BGN. However, you can first exchange LOOM for USDT in the Bitget spot market, and then sell USDT to BGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
c
corrado94Verified Merchant
2 tradesCompletion rate 100.00%
1.55 BGN
Amount2000 USDT
Limit200 - 3100 BGN
Bank TransferRevolutSEPAWISEUniCredit BankDSK BankFibankUnited Bulgarian Bank
Sell
B
BGUSER-DRUL5A18Verified Merchant
3 tradesCompletion rate 60.00%
1.45 BGN
Amount10000 USDT
Limit100 - 14500 BGN
Bank TransferRevolutSEPAWISEUniCredit BankDSK BankFibankUnited Bulgarian Bank
Sell
X
XCIXXGolden merchantVerified Merchant
115 tradesCompletion rate 97.00%
1.39 BGN
Amount5050.39 USDT
Limit20 - 1000 BGN
Bank TransferRevolutSEPAWISEUniCredit BankDSK BankFibankUnited Bulgarian Bank
Sell

What factors influence the conversion rate of Loom Network to Bulgarian Lev?

Loom Network to Bulgarian Lev is falling this week.
Loom Network's current market price is лв 0.1270 per LOOM, with a total market cap of лв 155,423,244.96 BGN based on a circulating supply of 1,224,270,800 LOOM. The trading volume of Loom Network has changed by -16.43% (лв -1,620,059.05 BGN) in the last 24 hours. Last trading day, LOOM's trading volume was лв 9,858,871.44.
Market cap
$85.60M
24h volume
$4.54M
Circulating supply
1.22B LOOM

Conversion tables

The exchange rate of Loom Network is decreasing.
1 LOOM is currently valued at лв 0.1270 BGN , which means buying 5 LOOM will cost лв 0.6348 BGN . Similarly, лв1 BGN can be traded for 7.88 LOOM, and лв50 BGN can be converted to 393.85 LOOM, excluding any platform or gas fees.
The exchange rate of 1 LOOM to Bulgarian Lev has changed by -16.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.16%, reaching a high of 0.1327 BGN and a low of 0.1249 BGN . One month ago, the value of 1 LOOM was лв 0.1378 BGN , which represents a -7.87% change from its current value. Over the last year, Loom Network has changed by
+лв
0.05478BGN
, resulting in a change of +75.97% in its value.

LOOM to BGN

Amount
17:55 today
0.5 LOOM
лв0.06348
1 LOOM
лв0.1270
5 LOOM
лв0.6348
10 LOOM
лв1.27
50 LOOM
лв6.35
100 LOOM
лв12.7
500 LOOM
лв63.48
1000 LOOM
лв126.95

BGN to LOOM

Amount17:55 today
0.5BGN3.94  LOOM
1BGN7.88  LOOM
5BGN39.39  LOOM
10BGN78.77  LOOM
50BGN393.85  LOOM
100BGN787.7  LOOM
500BGN3,938.51  LOOM
1000BGN7,877.01  LOOM
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Today vs. 24 hours ago

Amount17:55 today24 hours ago24h change
0.5 LOOM$0.03496$0.03648
-4.16%
1 LOOM$0.06992$0.07296
-4.16%
5 LOOM$0.3496$0.3648
-4.16%
10 LOOM$0.6992$0.7296
-4.16%
50 LOOM$3.5$3.65
-4.16%
100 LOOM$6.99$7.3
-4.16%
500 LOOM$34.96$36.48
-4.16%
1000 LOOM$69.92$72.96
-4.16%

Today vs. 1 month ago

Amount17:55 today1 month ago1M change
0.5 LOOM$0.03496$0.03795
-7.87%
1 LOOM$0.06992$0.07590
-7.87%
5 LOOM$0.3496$0.3795
-7.87%
10 LOOM$0.6992$0.7590
-7.87%
50 LOOM$3.5$3.79
-7.87%
100 LOOM$6.99$7.59
-7.87%
500 LOOM$34.96$37.95
-7.87%
1000 LOOM$69.92$75.9
-7.87%
Buy Loom Network for 1 BGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount17:55 today1 year ago1Y change
0.5 LOOM$0.03496$0.01988
+75.97%
1 LOOM$0.06992$0.03975
+75.97%
5 LOOM$0.3496$0.1988
+75.97%
10 LOOM$0.6992$0.3975
+75.97%
50 LOOM$3.5$1.99
+75.97%
100 LOOM$6.99$3.98
+75.97%
500 LOOM$34.96$19.88
+75.97%
1000 LOOM$69.92$39.75
+75.97%

Loom Network price prediction

What will the price of LOOM be in 2025?

Based on LOOM's historical price performance prediction model, the price of LOOM is projected to reach $0.1162 in 2025.

What will the price of LOOM be in 2030?

In 2030, the LOOM price is expected to rise by +3.00%. By the end of 2030, the LOOM price is projected to reach $0.2184, with a cumulative ROI of +212.35%.
Buy Loom Network for 1 BGN
A welcome pack worth 1000 USDT for new Bitgetters!
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Loom Network and BGN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Loom Network and BGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Loom Network in BGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.