Bitcoin is facing numerous challenges, including global stimulus, US election, and FTX payouts, which could influence its stability. The
Loom Network appears to be riding a fortunate wave, with its price surging considerably and reaching for the $1 threshold. However, the news of Binance's decision to delist Loom Network and other altcoins triggered a dramatic drop in their value. The crypto market continues to adapt amidst socio-economic pressures, with major token unlocks generating writing pressure on many altcoins, and
LOOM has not been exempt. Loom Network's performance exploded with a 400% rally within a month, but suffered a substantial price plunge in the following four days. Nevertheless, Loom Network continues to make strides, notably in bridging chains for seamless DApp Development. In contrast, meme coins are sliding due to election anxieties, suggesting now might be a good time to buy. Regulatory decisions and deadlines such as ETF approvals and voting for the Bitcoin ETF remain significant determinants of cryptocurrency market movement. Looking to the future, crypto market participants are watching closely for potential upswings tied to jobs report and anticipated Fed rate decisions.
LOOM Coin News Analytics from Thu, 10 May 2018 07:00:00 GMT to Wed, 02 Oct 2024 09:56:15 GMT -
Rating 2
- Innovation 0
- Information 8
- Rumor -3
