|Loom Network||Loom Network website|
|Brief||Loom Network's DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. Loom Network is a Layer 2 scaling solution for Ethereum that is live in production.|
|Last updated:||Thursday, December 5, 2019 7:00:04PM UTC|
|Current price, USD:||0.020|
|Current price, BTC:||0.0000028|
|Market capitalization, USD:||19 775 403|
|Available supply:||969 490 372 LOOM|
|Volume 24 hours, USD:||4 696 709|
General LOOM facts, technical details and general information about Loom Network crypto currency
Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. Loom Network is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum.
Loom Network has been live in production since March 2018. Developers, start building on Loom today. Dubbed “EOS on Ethereum”, Loom’s DPoS sidechains provide the same high scalability and throughput promised by alternative platforms like EOS, while still being fully Ethereum-compatible and secure.
We built the world’s first Plasma Cash implementation, which allows Ethereum-based tokens to be used on Loom sidechains with the full security guarantees of Ethereum.
We list daily Loom Network historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 26||0.016||0.016||0.018||17 173 338|
|Nov 27||0.018||0.017||0.018||17 774 466|
|Nov 28||0.018||0.018||0.02||19 212 958|
|Nov 29||0.020||0.018||0.02||18 021 474|
|Nov 30||0.019||0.019||0.02||18 290 213|
|Dec 01||0.019||0.018||0.019||18 196 479|
|Dec 02||0.019||0.017||0.019||17 106 397|
|Dec 03||0.018||0.017||0.018||17 392 959|
|Dec 04||0.018||0.017||0.019||18 379 735|
|Dec 05||0.019||0.018||0.021||19 775 403|
|LOOM price change 24 hours||7.7694%|
|LOOM price change 7 days||3.77076%|
I consider LOOM to be one of the most well-balanced altcoins from below the Top 100. It has a sufficient market cap of $20 million, which is not bad for a mid-sized project like Loom Network; the daily trading volume amounts to $3,6 million, spread evenly across four cryptocurrency exchanges: Binance, Bithumb, MXC, and Bilaxy. I have tried trading LOOM on Binance, in the LOOM/BTC pair, and made some money. Not a lot, but enough to call this coin profitable.
Clau_dio October 29, 2019 Reply
The trading volume of LOOM is relatively low on popular cryptocurrency exchanges like Binance and CoinBene, with the most intense trading activity taking place on Bilaxy, MXC, and Latoken. There are also only a handful of markets for LOOM/USDT or any other stablecoin. Given that most deals on trading platforms involve one or the other stablecoin, it is possible to say that LOOM is at a disadvantage. However, if you intend to buy yourself some LOOM, now is probably the best time to do this since the price is almost at its all-time low.
GGTrippin October 8, 2019 Reply
LOOM is an awesome coin with equally great technology backing it. It’s already using Plasma, and has off-chain transactions that put its TPS far above Ethereum. LOOM is a slept on coin, and if you aren’t holding on to LOOM then I feel bad for you. This is a game changing coin and it’s set to rocket once the tide transfers from BTC into alts. The alt market got decimated in the last week because BTC is looking dangerous, but ALTS always respond after a big move from BTC. Patience is going to be your key to freedom.
Jen April 28, 2019 Reply
Loom is a really reliable project. Not only are they the first to implement Plasma onto the ethereum network, but they're also already running transactions. LOOM is going to survive crypto winter because they've made themselves reliable. This is a project to keep tabs on because they know what they're doing.
Jon March 18, 2019 Reply
Loom has been my biggest winner ever since I invested in their ICO last year. This coin always pumps and it rarely dips. Loom has one of the best products because it already works, AND they're already using a scalability method based off of Plasma. OMG team can't even get their own idea off the ground but LOOM team already did it. Kudos to LOOM and everyone still on board this amazing project.
Lucio March 4, 2019 Reply
We publish the most accurate Loom Network Forecasts and News including crypto industry experts' opinion on a daily basis