LOOM
Reputation Ratings

LOOM

Loom Network 5-10 years
Crypto
Coin
Token
Website https://loomx.io/
Browser
OTH RELPs
White Paper
LOOM Avg Price
+5.31%
1D

$ 0.044885 USD

$ 0.044885 USD

Market Cap

$ 76.956 million USD

$ 76.956m USD

24h trading volume

$ 5.78 million USD

$ 5.78m USD

7d Vol

$ 37.122 million USD

$ 37.122m USD

Circulating supply

1.24 billion LOOM

Loom Network-related information

Issue Time

2018-03-15

Platform pertained to

--

Current coin price

$0.044885USD

Market Cap

$76.956mUSD

Volume of Transaction

24h

$5.78mUSD

Circulating supply

1.24bLOOM

Volume of Transaction

7d

$37.122mUSD

Change

24h

+5.31%

Number of Markets

166

Crypto token price conversion

BTC
LTC
XRP
DASH
XMR
XLM
USDT
XEM
ETH
WAVES
ETC
NEO
ZEC
MIOTA
EOS
BCH
BNB
TRX
LINK
ADA
XTZ
REV
FIL
THETA
ZIL
HT
SNX
CEL
VET
INO
CRD
USDC
BSV
CRO
WBTC
ATOM
LEO
BUSD
DAI
HEX
XT
CCXX
IZE
YFI
DOT
UNI
AAVE
DYDX
/
USD
AUD
BRL
CAD
CHF
CLP
CNY
CZK
DKK
EUR
GBP
HKD
HUF
IDR
ILS
INR
JPY
KRW
MXN
MYR
NOK
NZD
PHP
PKR
PLN
RUB
SEK
SGD
THB
TRY
TWD
ZAR
AED
BGN
HRK
MUR
RON
ISK
NGN
COP
ARS
PEN
VND
UAH
BOB
ALL
AMD
AZN
BAM
BDT
BHD
BMD
BYN
CRC
CUP
DOP
DZD
EGP
GEL
GHS
GTQ
HNL
IQD
IRR
JMD
JOD
KES
KGS
KHR
KWD
KZT
LBP
LKR
MAD
MDL
MKD
MMK
MNT
NAD
NIO
NPR
OMR
PAB
QAR
RSD
SAR
SSP
TND
TTD
UGX
UYU
UZS
VES

Current Rate0

Available

0.00USD

Calculate

LOOM Price Chart

Loom Network introduction

Markets

3H

+3.23%

1D

+5.31%

1W

-4.38%

1M

-5.07%

1Y

+11.85%

All

+12.58%

AspectInformation
Short NameLOOM
Full NameLoom Network Token
Founded Year2018
Main FoundersMatthew Campbell, Luke Zhang, and Dmitry Starodubcev
Support ExchangesBinance, Huobi, and Upbit
Storage WalletMetamask, Loom Basechain Wallet

Overview of LOOM

LOOM, which is short for Loom Network Token, is a type of cryptocurrency that was founded in 2018 by Matthew Campbell, Luke Zhang, and Dmitry Starodubcev. It is currently supported by various exchanges, including Binance, Huobi, and Upbit. Users can store LOOM in several types of wallets, two of which are Metamask and Loom Basechain Wallet. The primary purpose of LOOM is to offer scalable, efficient and secure blockchain solutions.

overview

Pros and Cons

ProsCons
Scalable blockchain solutionsReliance on third-party exchanges
Supported by multiple exchangesPotential security concerns
Multiple wallet storage optionsRelative newness in the industry
Efficient transaction processingRequires knowledge of blockchain systems

LOOM Price Prediction

Loom Network's price is projected to oscillate between $0.1102 and $0.1511 in 2030, with a potential peak at $0.1511 and a low at $0.1102. By 2040, the forecast suggests a trading range for LOOM from $0.2050 to $0.2614, with a maximum value of $0.2614. In 2050, technical analysis predicts Loom Network's prices to range from a minimum of $0.2990 to a maximum of $0.3716, with an average trading cost of approximately $0.3066.

website

What Makes LOOM Unique?

LOOM Network Token offers a notable innovation in the field of blockchain technology. Its key differentiating feature lies in providing scalable and efficient blockchain solutions. While many cryptocurrencies face the issue of scalability, with transaction processing often being slow, LOOM seeks to address this through its platform. This results in enhanced speed of transaction processing, thus aiming to improve the user experience.

Furthermore, LOOM places a strong emphasis on the security of its blockchain solutions, a feature that is always central to the design of any cryptocurrency, but the level of focus varies. While all cryptocurrencies seek to provide secure mediums of transaction, the centrality of this feature is more explicit in LOOM's design.

Among the shared features with other cryptocurrencies, LOOM is traded on various exchanges and can be stored in different wallets. However, its reliance on third-party platforms for transactions and storage can also be seen as a differentiation, as it introduces a layer of practical dependency not inherent in all other forms of cryptocurrency.

Finally, like many newer offerings in the industry, it requires users to have some knowledge of blockchain systems to fully utilize its benefits, a requirement that is variable among different cryptocurrencies.

unique

Exchanges to Buy LOOM

There are several exchanges worldwide that support the buying of LOOM.

1. Binance: One of the world's leading cryptocurrency exchanges. It offers several trading pairs including LOOM/BTC, LOOM/ETH, LOOM/BNB, LOOM/USDT.

2. Upbit: A South Korean exchange platform. It supports LOOM/KRW (Korean Won) and LOOM/BTC.

3. Huobi: A Singapore-based exchange. It offers LOOM pairs including LOOM/USDT and LOOM/BTC.

4. Uniswap: A decentralized exchange on the Ethereum network. It typically supports LOOM/ETH as a token pair.

5. Gate.io: A cryptocurrency exchange platform that supports LOOM/USDT, LOOM/BTC trading pairs.

How to Store LOOM?

Storing LOOM tokens involves a process similar to that of other cryptocurrencies. After acquiring LOOM tokens from an exchange, users need to transfer them to a secure wallet. To transfer LOOM tokens, users typically need to generate a receive address from their wallet and then input that address under the 'Send' or 'Withdraw' field in the exchange platform's LOOM section.

There are a number of wallet options available where you can store your LOOM tokens. Different types of wallets offer different levels of security, convenience, and accessibility. Here are some wallet types along with specific examples for storing LOOM:

1. Web Wallets: These wallets are accessible via internet browsers. Example: Metamask.

2. Desktop Wallets: These software wallets are installed on a computer and can only be accessed from that specific device. Example: MyEtherWallet (MEW).

3. Mobile Wallets: These are apps installed on a smartphone, making them a convenient option for users who want to access their LOOM tokens on the go. Example: Trust Wallet.

4. Hardware Wallets: These are the most secure wallets that store the user's private keys on a hardware device such as a USB. They are resilient to computer viruses and the private keys never leave the device, making them very secure. Examples: Ledger Nano S, Trezor.

5. Paper Wallets: These involve printing the private keys on paper. They are highly secure from online threats since they are completely offline, but they require more effort to set up and use.

When choosing a wallet, consider factors such as security, convenience, user friendliness, and whether they support tokens on the blockchain that LOOM is built on, which is Ethereum (as LOOM is an ERC-20 token). Ultimately, the choice of a wallet depends on an individual's specific requirements.

Loom Network User Reviews

More

6 ratings

Participate in evaluation
Scarletc
LOOM was designed to facilitate the creation of scalable and high-performance decentralized applications.
2023-11-06 21:12
5
zeally
Loom allows developers to deploy DAppChains, which are dedicated blockchains for specific DApps, providing high throughput and performance.
2023-12-20 06:57
10
Scarletc
Loom Network provides developers with tools and infrastructure to create decentralized applications (DApps) on various blockchain networks.
2023-11-30 21:23
7
Windowlight
LOOM Token plays a pivotal role in the Loom Network, facilitating fast and scalable blockchain solutions. Used for transactions and staking, LOOM holders contribute to the network's security and governance. For those exploring layer 2 scaling and decentralized applications, LOOM Token offers a key utility
2023-11-23 03:56
8
Jenny8248
The Loom Network is quite a unique project that is vying to be the premier Ethereum based gaming and social app development platform.
2023-12-07 22:20
5
Jenny8248
The Loom Network is quite a unique project that is vying to be the premier Ethereum based gaming and social app development platform.
2023-12-07 22:20
4

Loom Network News

ExchangeENA Faces Bearish Trend as Key Resistance Levels Loom

Alan Santanas analysis shows ENA faces bearish momentum with key resistance levels impacting potenti

2024-10-31 20:51

ENA Faces Bearish Trend as Key Resistance Levels Loom

TokenCentralization Threats Loom as Polygon and Shiba Inu Exhibit High Concentration Among Top Wallets

High centralization can lead to increased influence by a few entities, potentially undermining the d

2024-08-31 07:05

Centralization Threats Loom as Polygon and Shiba Inu Exhibit High Concentration Among Top Wallets

TokenEthereum Price Slides as $870M in Withdrawals Loom

Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at a

2024-08-10 19:04

Ethereum Price Slides as $870M in Withdrawals Loom

TokenBitcoin Slips Below $61,000 as Mt. Gox Repayments Loom

Bitcoin experienced a notable drop in early Asian trading hours, falling from $62,000 to $60,268, ma

2024-07-03 19:15

Bitcoin Slips Below $61,000 as Mt. Gox Repayments Loom

ExchangeAs UK elections loom, is crypto a priority for Labour?

The Conservatives, who have introduced a slew of pro-crypto policies in recent years, are expected t

2024-06-19 20:43

As UK elections loom, is crypto a priority for Labour?

TokenGiant Ethereum Whale Adds 7,000 ETH to its $140 Million Stash as Spot Ether ETFs Loom

A “giant” Ethereum (ETH) whale that has mad over $76 million in profit from investing in the second-

2024-06-06 06:17

Giant Ethereum Whale Adds 7,000 ETH to its $140 Million Stash as Spot Ether ETFs Loom

TokenDevelopers Simplify Blockchain with Loom Network

Loom Network (LOOM) is a platform engineered to make Blockchain development easier for developers gl

2024-05-31 22:08

Developers Simplify Blockchain with Loom Network

ExchangeEther, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom

ETH and BTC are trading flat as Asia's business week opens.Traders are looking at the ETH ETF decisi

2024-05-20 16:00

Ether, Bitcoin Open Asia Trading Week Flat as ETH ETF Decision, Nvidia Earnings Loom

TokenCrypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom

Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions o

2024-05-09 06:05

Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Distribution Loom
View More