This is in line with the broader crypto and stock markets and is driven by expectations around the central bank easing up the pressure on interest rates. It means that since then, it has grown by 20%. Graph 4: Loom price action in 2023.Īdditionally, a month ago, its market price was $0.045.
However, it was at this time that its price fell to its lowest level of $0.03 as shown below. It’s current coinmarketcap ranking is 325 which surprisingly high.Ĭonsidering that the price of LOOM was $0.047 three months ago, the price has increased by more than 14% (though the increase has not been steady). The circulating supply is 1,117,425,698 LOOM coins, and the maximum supply is not known. With a live market cap of USD 64,472,048. Loom Network has experienced a 24-hour decline of 9.26%. The current Loom Network price is $0.057697 with a 24-hour trading volume of $90,190,161. Read on to get my perspective on the project’s fundamentals further downīut first let’s take a look at where the price stands today. On the other hand, the low liquidity could also be an indicator that the project is dying. The second is that, if you believe in the fundamentals of this project, like this guy does, then it might be a good time to get in because there is so little interest in the coin.And if you fall on the wrong end of the wick that price could be too high. If you place a market order it will execute at whatever the price is available at that moment.
The first is that if you do decide to trade you must make sure to place a limit order.There is a few ways to think this little nugget of information I just shared with you. even on Jan 22nd, when the price temporarily pumped & dumped, the total trading volume for the whole day was only about $500k. It wouldn’t take a whale to move this market. There’s only a tiny amount of trading per day. This is happening because there is very low liquidity. Ok, ooouh, what’s going on here? See those long candle wicks? That means price is fluctuating wildly on a daily basis. Graph 2: Loom price action over last 12 months. To help answer that let’s zoom into the last few months to take a closer look at how price is trending. The question is: can Loom make a comeback? Loom price trend over the past year What’s more, the price of LOOM crypto is 12 times below its all-time high enticing us to think there could be astronomical returns if loom were to retrace back to that all-time high again. Loom’s price has since seen a steady decline that is in line with the broader downturn in the cryptocurrency market. Not even in the crypto bull run of 2021 when everyone was pumped about every single project that was coming out. Loom has never reached that all time high again. Woah! What’s going on here? Loom peaked at $0.68 in early 2018 just after it raised funds through its ICO. It shows the price of Loom since its debut in 2018. LOOM Past Price Historyįirst, let’s take a quick look at how Loom crypto has been performing in the past few months. So if you’re interested in learning more about Loom Network’s price prediction and want to make informed decisions about this cryptocurrency, keep reading. Finally, I will look into the fundamentals of the platform’s technology, its adoption and usage rates, and current market trends.īy examining these key elements, I’ll provide you with a comprehensive view of Loom’s potential for growth and assess whether it’s a good investment opportunity.
I will also examine what other websites predict over the long term. To do this I will look into a bunch of technical indicators. Next, I will look at Loom crypto’s short term price prediction. First I will look at its price history to be able to forecast scenarios into the future. To make my predictions, I’ll be conducting a thorough analysis. In this article, I’ll be taking an in-depth look at the price of Loom Network and examining the various factors that could influence its future.
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