LOOM cryptocurrency | Details, Price and Predictions

LOOM is a proof-of-stake token built on the Ethereum blockchain used as a payment currency in the LOOM Network. It also has integrations to Bitcoin, Binance Chain, and Tron allowing developers to integrate assets from all major chains. According to the latest reports, LOOM is currently working on integrations with EOS and Cosmos network.

Loom Network provides developers the scalability and usability they need to build high-performance user-facing dapps today. 

Unlike Ethereum, the developers pay a flat monthly fee to host their Dapps on LOOM network, so their users don't have to pay transaction costs.

Price Analytics and Predictions

LOOM price surpassed its previous year high of $0.125 and attained a price $0.132 in September.

The reason behind the surge in the price of loom are:  successful Ethereum merge, upcoming integrations with the COSMOS and EOS network and it's comparatively lower market-cap which has surged up the price with the increasing demand.

Loom Network had its roots in gaming but has been increasingly focused on enterprise and securing business in the public sector, healthcare and data management, with its blockchain-as-a-system.

LOOM is trading 79% below its ATH (all-time high), however the LOOM Token has returned 281% on a 3-month view. This makes LOOM token one of the most interesting tokens among the investors in the crypto-verse.

Disclaimer: Any information furnished here is not a financial or investment advice. Investments are subject to market risks and investor must DYOR (Do Your Own Research) before making any investment.