Is the volatile world of cryptocurrency enticing you? Understanding the fluctuating prices and market dynamics of digital assets like Loom Network is crucial for making informed investment decisions.
Loom Network (LOOM), a cryptocurrency operating on the Ethereum platform, presents both opportunities and risks. With a current supply of 1,300,000,000 tokens and approximately 1,242,920,897.57903986 in circulation, its market performance warrants careful examination. Recent data indicates a 1.68% increase in the last 24 hours, yet the landscape is complex, requiring a nuanced approach.
| Category | Details |
|---|---|
| Name | Loom Network (LOOM) |
| Platform | Ethereum |
| Current Supply | 1,300,000,000 LOOM |
| Circulating Supply | 1,242,920,897.57903986 LOOM |
| Current Price (approximate) | $0.022347 USD |
| Market Cap (live) | $27.78 million USD |
| CoinMarketCap Ranking | #766 (as of current data) |
| 24-Hour Price Change | -0.12% |
| All-Time High | $0.77 |
| Volatility (estimated) | 48.49% (for instance, today) |
| Bitcoin Exchange Rate (approximate) | 1 LOOM = 0.00000020 BTC |
| Key Exchanges | Major cryptocurrency exchanges |
| Official Website (example) | Loom Network Official Website |
The current market cap, a significant indicator of value, stands at $27.78 million USD, with the coin currently ranked at #766 on CoinMarketCap. However, it is essential to recognize that the price has experienced fluctuations. While the price saw an increase of 1.74% in the last hour, it also decreased by 4.84% in the past 24 hours. Looking at a broader timeframe, the price has fallen by 19.68% in the past week and is currently valued at 97.56% below its all-time high of $0.77. This emphasizes the highly volatile nature of the cryptocurrency market.
For those considering investment, it is crucial to acknowledge that the value of Loom Network, like any crypto asset, is subject to considerable market volatility. The daily exchange rate has fluctuated, with a high of $0.03143999 on Tuesday and a low of $0.01694263 on Monday over the last seven days. This volatility is not unique to Loom Network; it is a characteristic of the entire crypto market. Today, for instance, Loom Network is estimated as 48.49% volatile.
Loom Networks primary goal is to enhance the scalability of decentralized applications (dApps) on the Ethereum network. By allowing more relaxed consensus mechanisms, depending on their needs and potential threat model, Loom aims to make scaling dApps faster and easier. This focus positions Loom Network within the broader ecosystem of blockchain technology and its ongoing evolution.
Investors can explore current prices, trading volumes, chart history, and other details on various platforms. This will help gain a clearer understanding of market trends and potential opportunities. Several sources provide this kind of information, from major cryptocurrency exchanges to specialized data providers. The goal should be to gather as much information as possible before making a decision.
Beyond the digital currency, the term "Loom" also appears in other contexts, such as "Loom Solar" and "Loom Inc."
| Company | Industry | Founded | Headquarters | Employees (Approx.) |
|---|---|---|---|---|
| Loom Solar | Alternative Energy Equipment | 2018 | Faridabad, India | 150 |
| Loom Inc. | Workplace Video Messaging | Unknown | Unknown | Unknown |
| Fruit of the Loom Ltd. | Apparel Manufacturing | Established earlier | Vertically Integrated with manufacturing facilities | Unknown |
Loom Solar, for example, was founded in 2018 and is headquartered in Faridabad, India. The company operates in the alternative energy equipment industry and has approximately 150 employees. Meanwhile, "Loom Inc.," a workplace video messaging startup, recently achieved a valuation of $1.53 billion after a new funding round.
The use of the term "Loom" in the context of apparel manufacturing references "Fruit of the Loom, Ltd.," a vertically integrated manufacturer of basic apparel products. The company is known for performing most of its operations in-house, from spinning and knitting to cutting, sewing, and packaging. North America is the principal market for Fruit of the Loom, Ltd., representing over 80% of its consolidated net sales in recent years.
For those interested in trading Loom Network (LOOM), it's essential to understand the mechanisms involved. Shareholders in "Loom Inc." can sell their stock through EquityZen's private company marketplace. EquityZen's network includes over 360,000 accredited investors interested in buying private company stock. While the process of selling shares in private companies differs from trading public stocks, it can offer a way to realize value from holdings.
Market fluctuations are commonplace. The price of Loom Network has increased by 1.74% in the last hour and decreased by 4.84% in the past 24 hours. The price has also decreased by 19.68% in the past week. Such patterns highlight the importance of staying informed about market conditions.
The daily exchange rate of Loom Network (new) (LOOM) to USD fluctuated between a high of $0.03143999 on Tuesday and a low of $0.01694263 on Monday in the last 7 days. This shows the importance of monitoring the market continuously. Several factors influence these changes, including overall market sentiment, news, and developments within the cryptocurrency space.
For those analyzing the market, it is important to look at the bigger picture. Loom Network is currently valued at 97.56% below its all-time high of $0.77. The current CoinMarketCap ranking is #766, with a live market cap of 22,204,856 EUR. These data points are crucial in evaluating the potential of an asset and understanding its position relative to other cryptocurrencies.
The volatility of the market means that comprehensive research and an awareness of the risks are necessary. Loom Network, like any other crypto asset, is subject to constant change. Investors must examine all available information before making decisions, considering both the potential gains and the inherent risks.
The analysis should incorporate stock quotes, charts, and financial news. A thorough understanding of the market is essential for making informed decisions. This also extends to any other news related to cryptocurrency. Keeping abreast of market trends is important.
The cryptocurrency market is known for its rapid shifts, so real-time monitoring is important. Investors can use charts and other analytical tools to identify possible trading opportunities. These tools will help in spotting patterns and making predictions about future price movements.
The information on these data-driven platforms updates prices in real time. Traders and investors get the latest data, which can assist in more informed trading decisions. Staying up to date on real-time information is essential for navigating this complex market.
As a final piece of advice, those who are involved in cryptocurrency should prepare and evaluate all data before making a decision. The goal is to be informed and prepared to respond to the inevitable volatility in the market. Understanding the fundamentals of the market and doing comprehensive research is vital for making informed decisions.
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