↘ LOOM Coin: Navigating Uncertainty Amid Market Volatility and Binance's Delisting Move
The LOOM coin has been generating investor buzz climbing the cryptocurrency charts, however, it has also been notable on the list of Perpetual...
The recent crypto updates highlight a significant buzz around the Loom Network as it ascends the cryptocurrency charts. Fueling this investor interest is a massive 200% surge in its price, aiming for a $1 mark. As Bitcoin faces turbulence, Loom, along with Ontology and Simon’s Cat, dominate the market.
However, not all news are favorable to Loom. Top crypto exchange Binance plans to delist the Loom Network, dealing a significant blow to its market standing. The Binance platform is also removing Loom perpetual contracts, which may impact trader’s behavior towards the coin.
Meanwhile, as SEC's crypto strategy potentially undergoes significant changes, Loom's future in terms of regulation remains unclear. The presence of lawsuits and legal challenges in the crypto space, such as Bitcoin and Ripple's battles with various bodies, underscores potential troubles that may loom over Loom.
Further, despite the network’s impressive AIS and upward trajectory, Loom Network has also been under the spotlight for a steep price drop of over 70% in the last four days.
LOOM Coin News Analytics from Thu, 10 May 2018 07:00:00 GMT to Fri, 20 Dec 2024 08:41:33 GMT - Rating 5 - Innovation 5 - Information 8 - Rumor -1