Loom Network (LOOM) Reaches Market Cap of $61.02 Million

Loom Network (LOOM) traded up 4.4% against the US dollar during the twenty-four hour period ending at 20:00 PM Eastern on November 5th. Loom Network has a total market cap of $61.02 million and approximately $2.99 million worth of Loom Network was traded on exchanges in the last 24 hours. One Loom Network token can now be bought for about $0.0492 or 0.00000069 BTC on popular cryptocurrency exchanges. Over the last seven days, Loom Network has traded 5.5% lower against the US dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 3.7% higher against the dollar and now trades at $70,415.40 or 0.99215611 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.3% higher against the dollar and now trades at $69,962.81 or 0.98577908 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Loom Network Profile

Loom Network launched on March 3rd, 2018. Loom Network’s total supply is 1,300,000,000 tokens and its circulating supply is 1,239,270,898 tokens. The official message board for Loom Network is medium.com/loom-network. The Reddit community for Loom Network is https://reddit.com/r/loomnetwork and the currency’s Github account can be viewed here. The official website for Loom Network is loomx.io. Loom Network’s official Twitter account is @loomnetwork and its Facebook page is accessible here.

According to CryptoCompare, “Loom Network (LOOM) is a blockchain-based platform for developers to easily create and deploy decentralized applications (dApps). Founded in 2017 by experienced developers, Loom Network offers a variety of tools and services to build scalable and interoperable dApps. The platform also enables the creation of non-fungible tokens (NFTs) and has been used for creating games and other applications in the blockchain ecosystem.”

Loom Network Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Loom Network directly using U.S. dollars. Investors seeking to acquire Loom Network should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Loom Network using one of the aforementioned exchanges.

LOOM/USD price chart by TradingView