Loom Network
About Loom Network
Loom Network was founded in early 2018 with a focus on blockchain-based social media and gaming DApps. It is now operating as a multichain platform with integrations of Bitcoin, Ethereum, Binance Chain, and Tron networks. This enables developers to combine elements used on all these chains, as well as to create DApps only once and deploy them across all platforms at the same time. The Network is optimized for scalability and high-performance that enables DApps to provide interfaces as frictionless as traditional applications to achieve massive user adoption. LOOM, its native token, is used to secure the Loom Network’s mainnet, known as Basechain, via a Proof-of-Stake (PoS) consensus mechanism. LOOM holders can use their tokens to help secure the network while earning rewards.
In the last hour, Loom Network's price has seen a change of -0.09%, and over the past 24 hours, its price has moved by +0.02%. Over the previous week, Loom Network's price has moved by -50.64%. The current price of Loom Network is $0.001820, accompanied by a trading volume of 0.000 in the last day. Loom Network's price is currently 99.77% below its all-time high of $0.7745, which remains the highest price Loom Network has achieved since its launch. The circulating supply of Loom Network stands at 1.243B, translating to a total market capitalization of 2.262M.
Market stats
Frequently asked questions
How to invest in Loom Network?
Rain offers you a number of ways to start investing in Loom Network, including buying Loom Network through bank transfers or by using your bank card. To purchase Loom Network on Rain, you can select Loom Network in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
What is a Loom Network wallet?
A Loom Network wallet is where you can securely store Loom Network. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Loom Network address?
A Loom Network address is a string of unique characters that is tied to your Loom Network wallet. The address functions just like a bank account number and it is what you use in order to send Loom Network from your wallet, or to receive Loom Network to your wallet.
What is the minimum order size to buy Loom Network?
You can trade Loom Network with any amount above $30 or equivalent in your account's currency. You can start trading Loom Network now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Loom Network?
Besides Loom Network, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Loom Network be in next 5 years?
Price predictions for Loom Network over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Loom Network taxable?
Trading Loom Network may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Loom Network's ATH?
Loom Network’s all-time high (ATH) was $0.7745 on 04 May 2018. This represents the highest recorded market price of the asset to date.
When will Loom Network be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Loom Network just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Loom Network?
With a market capitalization of 2.262M, Loom Network is ranked 596 among other crypto assets.
What is the all-time high of Loom Network?
The highest valuation of Loom Network since its launch was at $0.7745, marking its all-time high.
What is the 24-hour trading volume of Loom Network?
The trading activity of Loom Network over the last 24 hours was at 0.000, highlighting its liquidity in the market.
How many Loom Network are there in circulation?
There are approximately 1.243B units of Loom Network currently in circulation, affecting its market dynamics.
What is the relative popularity of Loom Network?
Loom Network market cap is around 2.262M.
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