It’s true that Loom Network was a great disappointment for investors in 2019. LOOM price went down from $0.000001 on January 1st 2019 to $0.016708 on December 31 2019. However, it is worth monitoring our Loom Network price prediction algorithm: Loom Network might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, LOOM might be the coin to watch closely now.
The current Loom Network price is $0.017958, its circulating supply is 969 428 047 LOOM. Our algorithm predicts that based on historical data Loom Network price will be at $0.020749 in 1 week and $0.024435 in 1 month. Our deep learning algorithm predicts the LOOM price will be at $0.056416 in 6 months. Analysis of the cryptocurrency market shows that Loom Network price may reach $0.105136 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that LOOM will stay around $0.094815 in 2020, $0.105136 in 2021, $0.110994 in 2022, $0.127344 in 2023 and $0.141632 in 2024.
While creating the Loom Network prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $0.056416 and lowest possible predicted price is $0.042573.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Loom Network has the potential to stay within "survivors" team. Our Loom Network short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Loom Network Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Loom Network forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Loom Network (LOOM)?
The current price of Loom Network is $0.017958.
What is the current market capitalization of Loom Network (LOOM)?
The current market capitalization of Loom Network is $17 408 635.
What will be the price of Loom Network (LOOM) Tomorrow?
Our algorithm forecasts that the price of Loom Network will reach $0.018512 tomorrow.
In 1 year from now what will 1 Loom Network be worth?
As per the forecast and algorithmic analysis, the the price of 1 Loom Network will be around $0.094815.
Is it profitable to invest in Loom Network (LOOM)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Loom Network (LOOM) as a short term investment. Loom Network can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Loom Network be growing in the Future?
Loom Network is potentially one of the most profitable among digital coins.
How high can the Price of Loom Network go?
Our algorithm forecasts that the price of Loom Network will reach $0.141632 by 2023.
Is Loom Network (LOOM) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Loom Network now.
Loom Network is the coin that has virtually nothing to show for. It has been in a steady downtrend for over six months, and had a negative year in general. Although I am not an altcoin holder, I understand that there are plenty of altcoins that could provide massive gains, but LOOM is definitely not the case. I am sure that it would never reach the Top 100.
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.
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.
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