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    Loom Network price

    Loom Network priceLOOM

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    LOOM
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    1 LOOM = 0.06521 USD
    Last updated 2024-11-21 22:52:32(UTC-0)
    Buy LOOM

    Loom Network price live data summary

    The live price of Loom Network is $0.06521 per (LOOM / USD) today with a current market cap of $80.81M USD. The 24-hour trading volume is $9.83M USD. LOOM to USD price is updated in real time. Loom Network is -1.13% in the last 24 hours. It has a circulating supply of 1,239,270,900 .

    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.
    Calculate Loom Network profit

    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 $0.1034 in 2025.

    What will the price of LOOM be in 2030?

    In 2030, the LOOM price is expected to change by +8.00%. By the end of 2030, the LOOM price is projected to reach $0.1363, with a cumulative ROI of +111.91%.

    Loom Network ratings

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

    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.

    Loom Network price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -1.13%+15.79%+19.70%+28.57%-45.71%-14.29%

    Loom Network price history in USD

    The price of Loom Network is -45.71% over the last year. The highest price of LOOM in USD in the last year was $0.1543 and the lowest price of LOOM in USD in the last year was $0.04014.
    TimeLowHigh
    24h$0.06176$0.06634
    7d$0.05426$0.07286
    30d$0.04597$0.07286
    90d$0.04206$0.07286
    1y$0.04014$0.1543
    All-time$0.007666(2020-03-13, 4 years ago )$0.7745(2018-05-04, 6 years ago )

    Loom Network market information

    Market cap
    $80,812,927.03
    -1.13%
    Fully diluted market cap
    $84,773,075.32
    -1.13%
    Volume (24h)
    $9,831,310.63
    -63.97%
    Market rankings
    Circulation rate
    +95.00%
    24h volume / market cap
    0.1216
    Circulating supply
    1,239,270,900 LOOM
    Total supply / Max supply
    1.3B LOOM
    -- LOOM
    Buy Loom Network now

    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 958 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Loom Network being mentioned with a frequency ratio of 0%, ranking 699 among all cryptocurrencies.

    In the last 24 hours, there were a total of 171 unique users discussing Loom Network, with a total of Loom Network mentions of 28. However, compared to the previous 24-hour period, the number of unique users decrease by 27%, and the total number of mentions has decrease by 3%.

    On Twitter, there were a total of 1 tweets mentioning Loom Network in the last 24 hours. Among them, 100% are bullish on Loom Network, 0% are bearish on Loom Network, and 0% are neutral on Loom Network.

    On Reddit, there were 2 posts mentioning Loom Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 50% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#958)
    Social contributors (24h)
    171
    -27%
    Social media mentions (24h)
    28(#699)
    -3%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    1
    0%
    X sentiment (24h)
    Bullish
    100%
    Neutral
    0%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    3
    Reddit posts (24h)
    2
    -50%
    Reddit comments (24h)
    0
    0%

    How to buy Loom Network(LOOM)

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    Loom Network news

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    FAQ

    What is the current price of Loom Network?

    The live price of Loom Network is $0.07 per (LOOM/USD) with a current market cap of $80,812,927.03 USD. Loom Network's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Loom Network's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Loom Network?

    Over the last 24 hours, the trading volume of Loom Network is $9.83M.

    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?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Loom Network (LOOM)?

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    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. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    LOOM/USDT

    Spot

    LOOM/USDT

    Margin

    Copy trading

    buylow
    buylow
    insight389/500
    174.63%
    ROI
    Total profit $3,658,445.80
    KUCUKER
    KUCUKER
    insight534/1000
    92.63%
    ROI
    Total profit $4,560.31

    LOOM resources

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    Links
    Loom Network WebsiteLoom Network WhitepaperLoom Network TwitterLoom Network Github

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