⇘ Loom Network (LOOM) Faced with Highs and Lows Amid Market Turbulence

Loom Network (LOOM) has been a recurring theme in the financial and crypto news. The recent frenzies related to Trump's Meme Coin and its legal and tax issues have cast a shadow over the crypto market including LOOM. Market volatility associated with Bitcoin has also played into its status, especially given the looming PMIs. The token is being delisted by Binance along with XEM and ORBS perpetual contracts. Interest in LOOM has increased greatly as Bitcoin stalled, allowing LOOM Network, Ontology, and Simon's Cat to leverage the opportunity. Despite the fluctuating crypto market and external factors, LOOM has managed to rally 400% in just a month. On the downside, the LOOM price has dropped over 70% in the last 4 days with analysts striving to identify the cause. In speculative news, a dual SEC/CFTC trial is being reported for an alleged precious metals coin fraud while various geopolitical and economic issues including recession concerns loom large. Finally, Coinbase has announced that it will no longer support six Ethereum-based altcoins, including LOOM. Yet, the roller-coaster ride of the LOOM Coin still sparks robust investor interest.

LOOM Coin News Analytics from Thu, 20 Jul 2017 07:00:00 GMT to Mon, 20 Jan 2025 16:05:36 GMT - Rating -4 - Innovation 6 - Information 2 - Rumor -8