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Latest news on loom network10/31/2023 ![]() In the listing, the exchange described LOOM as a “multichain interoperability platform - live in production - that’s connected to other major blockchains such as Ethereum, BNB Chain, and Tron.” Multichain interoperability essentials means that data and information can be transferred between the blockchains it supports seamlessly. The cryptocurrency’s rally comes at a time in which it received a liquidity boost from a recent listing at cryptocurrency exchange Gate.io, which saw over $540 million in spot trading volume over the last 24-hour period, making it a major cryptocurrency trading platform. This indicates that the LOOM market is in a SELL position.The price of Ethereum-based altcoin project Loom Network ($LOOM) has seen a rally of over 290% over the last 30 days, partly over a recent listing on a popular cryptocurrency trading platform as its liquidity grows.Īccording to available data, the price of Loom Network’s native LOOM token was of around $0.038 late last month, and is now trading at $0.155 after a massive 290% in a month, with 125% of its growth coming just over the past week. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). By December 2023, 2024, Loom Network's short-term 50-Day SMA shows a $0.10. ![]() The price of Loom Network is currently running below the 50-day simple moving average (SMA) and it shows a Buy signal.Īccording to all technical indicators, the 200-day SMA will drop soon, and the price will hit $0.0639 by the end of December. for the last 326 days, since December 31, 2023, SMA has shown a Loom Network Buying signal. ![]() Indeed, the hype for cryptocurrencies is at their peak at the moment, with the overall crypto-market recovering from a drastic slump experienced at the beginning of the year. According to our forecast, this is not the right time to Buy Loom Network.Ĭurrently, Loom Network is trading below the 200 simple moving average. The cryptocurrency market has been the subject of focus of the investing community worldwide over the past few years. Currently, all indicators are indicating Bullish zone, and the fear & greed index shows 69.50 extreme fears. Due to this, we can get except a slight recovery in the coming month.īy the end of October, the value of Loom Network increased by 114.19% and reached near around $0.69. Over the last 30 days, Loom Network has increased by 569.93%. The 24-hour trading volume is 3.4M USD which is a. Trump was charged on Monday with serious crimes and what was once unprecedented has now become surreally routine. See the exact Loom Network price prediction below you will know how much Loom Network is worth in the coming months and years. Loom Network (NEW) currently sits at a price of 0.04606 (LOOM/USD) with a live market capitalization of 0. For the fourth time in as many months, former President Donald J. The current price of LOOM is about 0.025. On October 16, 2023, almost all technical analysis indicators signalled bullish signals, while other indicators signalled bearish signals, indicating a general Bullish sentiment among Loom Network price predictions. LOOM takes the 328th position in the Coinmarketaps list with a market cap of 26M. Our Loom Network forecast, it's good to Buy Loom Network right now. The volume were at 21,221,381.50 USD Loom Network ranks no 333 in the market. Loom Network's market cap currently sits at 53,705,709.34 USD, holding up for a market cap rank at 333. All technical indicators indicate that the current sentiment is Bullish, while the Fear & Greed Index is reading 69.50, which means extreme fear. Loom Network price today is 0.0440 USD, which is Down by -8.06 over the last 24 hours. According to our current Loom Network price prediction, the value of Loom Network will increased by 237.31%, reaching $1.15 by end of 2025.
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