Loom Network (LOOM) Trading Down 8% This Week

Loom Network (LOOM) traded 5.4% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on October 25th. One Loom Network token can now be bought for $0.0526 or 0.00000079 BTC on major exchanges. Loom Network has a market cap of $65.20 million and $9.44 million worth of Loom Network was traded on exchanges in the last 24 hours. During the last seven days, Loom Network has traded down 8% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0% against the dollar and now trades at $0.0944 or 0.00000141 BTC.
• P2P Solutions foundation (P2PS) traded down 1.5% against the dollar and now trades at $159.06 or 0.00238052 BTC.

Loom Network Profile

Loom Network’s genesis date was 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 Reddit community for Loom Network is https://reddit.com/r/loomnetwork and the currency’s Github account can be viewed here. Loom Network’s official Twitter account is @loomnetwork and its Facebook page is accessible here. The official website for Loom Network is loomx.io. Loom Network’s official message board is medium.com/loom-network.

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.”

Buying and Selling Loom Network

It is usually not possible to purchase alternative cryptocurrencies such as Loom Network directly using US dollars. Investors seeking to trade Loom Network should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Loom Network using one of the exchanges listed above.

LOOM/USD price chart by TradingView