Loom Network, renowned for bridging various chains for seamless DApp development, recently experienced a rally, with prices surging 200% aiming to reach $1. The network had a notably active Q4 prompting predictions for 2024, 2025, and 2030. The price surge appeared to coincide with global stimulus, US election, and FTX payouts. Loom Network is also one among several altcoins that got delisted from
Binance. There seems to be increasing anticipation and uncertainty in the
cryptocurrency market due to factors such as US jobless claims, upcoming Fed decisions, and looming regulation changes. Concurrently, concerns of centralization loom with high wallet concentration observed with Polygon and Shiba Inu. The prices of meme coins appeared to slide as presidential debates and regulatory changes were impending. Rising interest in Ethereum staking corresponds to an all-time high with ETFs as the market sentiment remains in focus. As economic and geopolitical pressures mount, Bitcoin saw a temporary drop below $62,000. Loom price recently plummeted over 70%, following a delisting decision from Binance impacting several altcoins. However, despite the setbacks, Loom Network offers promise with its utility and potentials, recording a 400% rally in a month and explosive performance. A UPBIT wallet reportedly holds 50% of the supply, adding to the excitement and curiosity in the market.
LOOM Coin News Analytics from Thu, 10 May 2018 07:00:00 GMT to Wed, 02 Oct 2024 10:49:21 GMT -
Rating 3
- Innovation 6
- Information 8
- Rumor -4
