What is LOOM NETWORK (NEW)(LOOM)?

Basic information about LOOM

Coin name:

Loom Network (NEW)

Coin symbol:

Coin introduction:

The Next-Generation Blockchain Application Platform for Ethereum. Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum. What is Loom Network? 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. Live in production Loom Network has been live in production since March 2018. Developers, start building on Loom today. Highly Scalable Sidechains 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. Backed by Ethereum 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.

Current Price:

$0.000110More coin details

All-time high:

$0.49

All-time low:

$0.000042

LOOM Supply Info and Tokenomics

Circulating supply:

1,242,920,898

Total supply:

1,300,000,000

Max supply:

1,300,000,000

Market cap:

$136.75K

Fully diluted valuation:

$143.03K

What is the outlook and future value of LOOM?

The current market cap of LOOM is $136.75K, ranked 6239 in the market, showing that the market already recognizes the value of LOOM. When a bull market arrives, the market cap of LOOM may continue to grow.

Moreover, if LOOM can play a greater role in real-world applications—such as if the Monero developers can fully empower LOOM and establish partnerships with more business partners to expand its user base—then the long-term value of LOOM will be further enhanced.

What is the price of LOOM in 2027?

According to the historical price performance prediction model of LOOM, the price of LOOM is expected to reach $0.000116 at 2027.

Note: As with any crypto investment, investors should closely monitor LOOM’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get LOOM?

Purchasing LOOM with cash is not the only way to obtain LOOM. If you have enough time, you can get LOOM for free.

Learn how to get Hot rewards for free with LOOM.

Earn free LOOM by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get LOOM airdrops for free.

All crypto airdrops and rewards can be exchanged for LOOM through LBank spot trading.

Buy LOOM starting from $1

What is LOOM used for and how to use it?

The use cases for LOOM may grow with the development of the crypto market and project progress. Currently, you can use LOOM to:

Arbitrage trading of LOOM

LOOM is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many LOOM trading pairs to suit your needs.

Earn yield with LOOM

You can also lend out LOOM or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your LOOM gains.

Send or pay with LOOM

If you want to pay someone with LOOM, you can easily and quickly send LOOM to them using their receiving address.

You can also visit the official website of Loom Network (NEW) to learn more use cases of LOOM, such as whether the Loom Network (NEW) project supports community/eco apps or buying physical or virtual goods with LOOM.