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| Loom Network 
| #LOOM
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| LOOM Price: | $0.12 | | Volume: | $33.4 M | | All Time High: | $0.76 | | Market Cap: | $71.6 M |
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| Circulating Supply: | 602,422,583 |
| Exchanges: | 15
| | Total Supply: | 1,000,000,000 |
| Markets: | 21
| | Max Supply: | 1,000,000,000 |
| Pairs: | 42
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The price of #LOOM today is $0.12 USD.
The lowest LOOM price for this period was $0, the highest was $0.119, and the current live price for one LOOM coin is $0.11877.
The all-time high LOOM coin price was $0.76.
Use our custom price calculator to see the hypothetical price of LOOM with market cap of ETH or other crypto coins. |
The code for Loom Network is #LOOM.
Loom Network is 5.7 years old. |
The current market capitalization for Loom Network is $71,550,545.
Loom Network is ranking downwards to #289 out of all coins, by market cap (and other factors). |
There is a large volume of trading today on #LOOM.
Today's 24-hour trading volume across all exchanges for Loom Network is $33,402,084. |
| The circulating supply of LOOM is 602,422,583 coins, which is 60% of the maximum coin supply. |
Loom Network Update Q1 2023
Since our last update in Q4 2022, there have been several important developments. Just last month, L2 Rollup heavy-weight Matter Labs changed the landscape of L2 Rollups by open sourcing the latest version of their zkRollup tech. Meanwhile, a lot of mind blowing work has been done by big and small tech companies alike to bring AI to the masses, it’s everywhere! We’re looking forward to sharing our roadmap for the rest of 2023, but before we dive into all the exciting things we’re working on right now let’s take a brief look at what we’ve accomplished in the last few months. — Milestones - — CryptoZombies Live. — Last year we launched CryptoZombies Live events. These are instructor-led online classes covering an assortment of blockchain related topics such as Solidity, Ethereum, Layer 2, and more! During these events the instructors build a simple web3 project in real-time, and answer questions from the participants as they go along. The participants also have the opportunity to network and collaborate before and after the coding session in the CryptoZombies Metaverse.Live event in the CryptoZombies Metaverse In the past six months, CryptoZombies Live has hosted several successful events covering a variety of topics such as: Building a Trust Fund in Solidity to run on Ethereum, presented by Ed Zynda., Building CryptoZombies using Scrypto — a framework built on Rust, to run on the Radix DLT b... 
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Loom Network Update Q4 2022
Much Oww - We generally leave the market commentary to others, but it would be remis to say nothing at all at this point in time, so here goes… The recent insolvencies of crypto companies left many in shock, and it appears the dominos will continue to fall for some time yet. Let’s hope we won’t have to suffer SBF’s self-pity tour for much longer. You’ve probably received a bunch of emails from crypto companies lately saying: Don’t panic!, We’re super solvent!, We do the utmost due diligence!, You didn’t get one of these from us though. Why? Because Loom Network doesn’t trade, loan, or borrow against client funds. We’re a blockchain tech company, and our primary directive is to build, not gamble. — Live Community Events - Earlier this year we launched CryptoZombies Live events, these are instructor-led classes covering blockchain development topics such as Solidity, Ethereum, and more! While the CryptoZombies online course curiculum is already quite engaging, working through the curiculum is for the most part a solitary activity. We wanted to give our students the option to learn in a class-like setting, and the opportunity to network with other people that have shared interests. Our goal was to reproduce the dynamic found in hackathons, where participants set out to build something specific within a limited amount of time. To date the live events have been based around an instructor doing some ...
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Cryptozombies Live Event Recap
Last Saturday we ran the first ever Cryptozombies Live Event! — An introduction - This was the first event we’ve organized that had an instructor-led interactive coding session. The new class-like format is part of our plan to expand Cryptozombies to cater to different learning styles, in addition to providing secondary benefits to students like the opportunity to network and collaborate with fellow blockchain enthusiasts. The event itself was hosted on the Happen Space Online & Hybrid Event Platform, with the Happen team graciously helping us organize the event, and troubleshooting last minute technical issues… which always seem to crop up regardless of how much testing you do beforehand :) The instructor for this event was Ed Zynda, a full-stack developer with over 10 years of industry experience who specializes in Web3 and blockchain technologies. He currently works as the lead blockchain engineer at Li.Finance. With the introductions out of the way, lets do a quick recap of how the event turned out. — Let there be… video… please?! - We had a dozen people show up at the agreed time and place — in the Happen Space Cryptozombies space. A pretty good turn out for our first event, and just the right amount of people for an intimate classroom session. Unfortunately, everyone had to wait a little while for us to sort out some technical issues with Ed’s video streaming setup before the live codi...
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Loom Network Update Q2 2022
Exciting stuff has been happening at Loom Network lately! — Cryptozombies Live - As previously announced, in addition to increasing the range of topics covered by the Cryptozombies curriculum, we’re expanding Cryptozombies to cater to different learning styles by adding instructor-led interactive coding sessions. The live events are hosted on the Happen Space Event platform and provide a more dynamic and engaging learning experience, while also giving aspiring blockchain developers ample opportunities to network with other like-minded individuals. Over the last four years we have taught over 500,000 people the basics of blockchain development through the Cryptozombies courses. Every day new developers discover this fantastic resource, and at this point you’d be hard-pressed to find an experienced blockchain developer who hasn’t heard of Cryptozombies! It’s a very strong brand, and we’re planning on leveraging it to a much greater extent to promote our Metaverse platform. — Metaverse Platform - We’re building an open Metaverse platform, backed by public blockchains like Ethereum, and of course our own production network Basechain. Our Metaverse platform allows developers to easily integrate blockchain-backed digital assets, virtual items, and extensive NFT-based privilege systems into their Metaverse experiences. Happen Space will be the first company to go live on our Metaverse platform, starting with ...
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LOOM Learn & Trade Promo on Binance
Binance, the World’s Largest Crypto Exchange will launch two LOOM promotions on November 17th, 2021 with $100,000 in prizes up for grabs! The promotions will start on November 17, 2021 00:00 (UTC) and run until November 23, 2021 23:59 (UTC). — Promotion A: Learn and Earn ($60k Prize Pool) - During the activity, users who trade LOOM, finish watching the LOOM Network (LOOM) introduction video, and take the quiz in this form, will share a prize pool of $60,000 in LOOM token vouchers. Reward 1: All users who trade 5,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs and participate in taking the quiz, will be qualified to share the prize pool of $20,000 in LOOM token vouchers. Rewards will be distributed based on the total number of correctly answered questions as a proportion of all correctly answered questions by all qualified users., Reward Calculation: The reward for the qualified user = (Individual user’s correctly answered questions / total number of correctly answered questions from all qualified users) * $20,000 in LOOM token vouchers. Reward 2: All users who trade 10,000 LOOM or more (including both buys & sells) in the eligible LOOM trading pairs, and participate in taking the quiz and providing correct answers to all of the questions, will be qualified to equally share the prize pool of $40,000 in LOOM token vouchers., NOTE: Winners from Promotion A (Reward 2) will no...
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Loom Kusama Crowdloan Retrospective
Overview - On July 20th, 2021, Bifrost secured the final Kusama parachain slot in the 5th Kusama auction, by locking in 136,817 KSM. Basilisk put up a good fight for a while, ultimately raising 116,808 KSM — not quite enough to secure the winning bid. As for the other 11 bidders, only two managed to raise over 20k KSM through their Crowdloans. The 5th Kusama auction was the last in the current series of auctions, all up over 1.1 million KSM has been locked up for the next 48 weeks (which is the duration of the lease for the on-boarded parachains). Here’s the full list of winners and the amounts they’ve raised through their Crowdloans: Karura — 501,137 KSM, Moonriver — 205,935 KSM, Shiden — 138,457 KSM, Khala — 132,280 KSM, Bifrost — 136,817 KSM, Most of the parachain launches went smoothly, though Moonriver triggered a bug in the Kusama relay chain that caused their parachain to stall for a little while, fortunately they found a workaround and got their parachain running again fairly quickly.Photo by Alexey Savchenko on Unsplash — Retrospective - Going into these Kusama auctions we assumed that the amount of KSM that would be needed to win would drop significantly with each successive auction. Thus, we reasoned that the last auction could be easily won with a modest 50k KSM or thereabouts. Unfortunately our assumption turned out to be incorrect… while there was a signific...
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Loom Kusama Crowdloan Launch
Overview - At Loom Network, we want to enable developers to build dapps that are easily accessible across all major blockchains, and for users to be able to use dapps without wasting time trying to figure out the intricacies of the blockchain each dapp happens to be running on. To that end we’ve already built integrations with Ethereum, TRON, and Binance Smart Chain. ParityTech, and the Polkadot developer community at large have made great strides lately, and the first in a series of Kusama parachain slot auctions are now underway. The first few parachains have already been on-boarded on the Kusama relay chain, a huge milestone! The Polkadot ecosystem is at the forefront of blockchain innovation, thanks in large part to ParityTech’s work over the last few years in building up the Substrate and Cumulus SDKs that now power a vast assortment of blockchains. We’re very excited about the future of the Polkadot ecosystem, and intend to integrate it into our ever growing ecosystem of blockchains. To start with we want to on-board our own experimental parachain on Kusama, and in order to do so we’re launching a Kusama Crowdloan! — Polkadot Chains - The Polkadot ecosystem currently consists of two production relay chains, Polkadot, and Kusama. The latter comes with its own nifty tag line: expect chaos, that’s because Kusama aims to run on the bleeding edge of Polkadot development, while development of the main Polkadot...
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Integrating Polkadot into the Loom Ecosystem of Blockchains
Overview - At Loom Network, we want to enable developers to build dapps that are easily accessible across all major blockchains, and for users to be able to use dapps without wasting time trying to figure out the intricacies of the blockchain each dapp happens to be running on. To that end we’ve already built integrations with Ethereum, TRON, and Binance Smart Chain, and now it’s time to start planning the next major integration for our ever growing ecosystem of blockchains. We think building an integration with Polkadot makes the most sense, but before we begin working on this in earnest we’d like to get some feedback from our community to make sure we’re on the right track. — What is Polkadot? - Polkadot is one of the most popular blockchain projects at the time of writing, it was started by Gavin Woods, Ethereum’s former CTO. The project consists of a heterogeneous multichain with shared security and interoperability. In other words, there’s a central Relay chain, and all Polkadot validators stake and validate on this chain. The Relay chain supports only a small number of transaction types that control the governance mechanism, parachain auctions (more on these later), and participation in Polkadot’s Nominated Proof of Stake (NPoS) system. Basically, the Relay chain provides the bare minimum functionality necessary to coordinate the Polkadot ecosystem as a whole, while most actual work (e.g. executing ...
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How To Stake LOOM BEP20
LOOM tokens can now be staked via Binance Smart Chain (BSC), which has MUCH lower transaction fees than Ethereum. That means you can stake smaller amounts of LOOM, and do so more frequently — without having most of your staking rewards get eaten up by transaction fees! We will continue to support LOOM staking via Ethereum, and if you’re already staking LOOM you don’t have to do anything at all. On the other hand if you have some LOOM sitting around you could take advantage of the low BSC transaction fees to stake some of it today. Yesterday the new Transfer Gateway between Basechain and BSC was activated by the Basechain Build 1411 hard fork. The new Transfer Gateway is now operational, and we’ve just rolled out an update to the Basechain Staking Dashboard to support LOOM transfers through that Transfer Gateway. That means you can deposit LOOM BEP20 from BSC to Basechain for staking, and any LOOM you deposit to Basechain can be withdrawn to either Ethereum (as ERC20) or BSC (as BEP20). If you’ve previously staked LOOM ERC20 on the Basechain Staking Dashboard then you’ll find that the experience of staking LOOM BEP20 is very similar, but much cheaper! And if you’ve never staked LOOM before, not to worry, we’ll go over the basics in this article. — Staking Basics - — Prerequisites. — A small amount of BNB to pay for LOOM deposit/withdrawal transactions., Some LOOM BEP20 on Binance SmartÂ...
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LOOM BEP20 Token Launch
LOOM is now officially live on Binance Smart Chain as a BEP20 token! Launching LOOM on Binance Smart Chain (BSC) is the first step in our plan to increase the liquidity, utility, and usability of the LOOM token, and to make it both quicker and cheaper to stake your LOOM on our Basechain network. The LOOM BEP20 contract address on Binance Smart Chain is 0xe6ce27025f13f5213bbc560dc275e292965a392f Just to make it perfectly clear… the BEP20 LOOM token will not replace the existing ERC20 LOOM token, the two token contracts will co-exist. LOOM will live on Ethereum as an ERC20 token and on Binance Smart Chain as a BEP20 token. Transferring LOOM between Binance Smart Chain and Ethereum is fairly easy, and Binance now provides a couple of ways to do so. We’ll walk you through the current options in the rest of this article. — Withdrawing LOOM from Binance to BSC - If you previously bought some LOOM on Binance, or transferred LOOM to your Binance exchange wallet from your Ethereum compatible wallet then you can withdraw your LOOM to Binance Smart Chain in a few simple steps. Go to www.binance.com, and Log In, Step 1 — Log in on Binance.com Open the Wallet -> Fiat and Spot page, Step 2 — Open Fiat and Spot Wallet Press the Withdraw button at the top to open the Withdraw page., Step 3 — Open the Withdraw Page Select LOOM from the Coin drop-down, and then (1) Enter the BSC account you want to receiv...
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 | Here's Why Loom Price Is Down Over 70% in The Last 4 Days
TL;DR
Loom Network's Price Surge: The LOOM cryptocurrency saw a significant price increase, rallying 1000% since September, moving from a range of $0.04-$0.06 to an all-time high (ATH) of $0.343. The sudden price rise made it trend on CoinMarketCap and placed it among the top 100 cryptocurrencies in terms of market capitalization.
Speculated Cause of Bull Run and Selloff: It's believed that Korean traders on the UpBit exchange may have artificially pumped the LOOM price for a quick profit. This pump-and-dump resulted in a subsequent 70% price selloff, leaving many who bought at the peak with significant losses.
Underlying Issues with Loom Network: Despite the price surge, on-chain data indicated that the Loom Network's fundamentals were weak, with developer activity slowing in recent years. Furthermore, confusion arose when a $3.5 billion company, Atlassian, acquired a differently-related company named Loom, leading to increased market volatility.
Loom Network is an interoperability chain in production since 2018. It provides scalability and usability for DApps, with support for Bitcoin, Ethereum, Binance Chain, and TRON.
Here's why LOOM price is down by so much this week.
LOOM Price Rallied 1000% Since September
The project gained some notoriety over the last month when LOOM price began to soar on Binance and Korean exchange UpBit.
For months leading up to mid-September, LOOM traded range-bound between $0.04 and $0.06. Then, suddenly, on September 16, LOOM price began to ...
|  | Loom Network Price Tanks Over 70% in Four Days But Could This New Crypto...
The crypto market has been highly volatile recently, with most coins and tokens seeing substantial price swings.
Loom Network (LOOM) has been the latest crypto to experience this volatility, plummeting from its peak on Sunday.
However, the market’s swings have opened up opportunities for newly launched cryptos to make their mark – with Bitcoin Minetrix (BTCMTX) emerging as a project being touted for exponential growth.
LOOM Price Nosedives as Trend Reversal Sets In
At the time of writing, LOOM is trading around the $0.114 level – a 77% drop in less than four days.
Prior to this drop, LOOM had been on an extended uptrend, rising from just $0.042 in September to a high of $0.499, representing a 1,063% surge.
This rise led to LOOM being ranked on CoinMarketCap’s list of trending cryptocurrencies, yet the token's time in the limelight appears to have been short-lived.
Since peaking on Sunday morning, LOOM’s price has capitulated dramatically, reinforcing the unpredictable nature of the crypto market.
Adding more pain for LOOM holders is that the price breezed through both the 50-day and 200-day Exponential Moving Averages (EMAs) to the downside on the 4-hour chart, indicating that the trend has definitively shifted.
With no clear areas of support in sight, LOOM could likely continue to face downside risk in the near term.
Loom Network Hype Fades Amid Whale Dumping & Declining Development
Loom Network’s sharp decline can be attributed to severa...
| | Loom Network Price Dips Despite Market Upturn, While Traders Back This N...
Loom Network is down a staggering 22% over the past 24 hours. The downturn follows a broader market uptick and Loom’s price exploding in recent weeks. Could this be a mere pullback, or is its price destined to collapse further?
Meanwhile, some traders agree that the new Bitcoin Minetrix ($BTCMTX) project is set to boom once it hits exchanges. Currently, investors can buy it at presale, but they must be quick as it is selling out fast.
Loom Network Plunges After Monumental 7X Rally
Loom Network seemed to be a dormant and forgotten crypto over the past years, unable to reclaim its 2018 all-time high (ATH) in the 2021 bull rally. However, unsuspecting events have propelled it to become a trending crypto, surging 7x and overtaking its 2021 high despite turbulent market conditions.
That said, as the rest of the market has begun to pump recently, Loom Network has struggled tremendously, plunging from $0.48 to $0.3 since 15 October and down -22% in 24 hours.
Analysts have weighed in on what might have caused the collapse. X (formerly Twitter) user 0x_Lens alluded that the recent pump may have been “Next-level manipulation by exchanges,” noting the project is “dead” and has a low market cap.
Meanwhile, victorious__5 shares the abovementioned bearish sentiment. The trader states that shorting Loom is the best decision, referencing “Typical PCSN with max negative funding and someone owning 50% of the supply started selling today.
Concerns regarding ...
|  | Why October Is An Important Month For The Crypto Industry As Key SEC Dec...
As October approaches, the crypto community will have their eyes set on the US Securities and Exchange Commission (SEC), as it has some key decisions to make that could invariably affect the crypto industry and everyone in it.
SEC Appeal Incoming? The SEC is expected to decide whether or not to appeal the ruling in its case against asset manager Grayscale, with the deadline for an appeal being October 13 (45 days from the court’s ruling).
On August 29, Grayscale secured a landmark victory against the SEC as the District of Columbia Court of Appeals ruled that the regulator failed to provide a valid reason for denying Grayscale’s application and ordered that the SEC review the application once again.
Following the decision, a spokesperson for the agency stated that they would review the decision before determining their next steps.
If the SEC chooses to appeal, it can do so at the US Supreme Court by filing a petition for a 'writ of certiorari,' which is a document asking the Supreme Court to review the case, or it can ask for an 'en banc' review where all the judges of the DC Court of Appeals will further review the case.
An appeal by the SEC will undoubtedly dampen the mood in the crypto community as it could prolong the wait for a Spot Bitcoin ETF.
However, suppose the Commission chooses not to appeal, it will become law that the spot and futures market are correlated, and the SEC’s argument that the spot market is more suscept...
|  | Terraform Labs CEO Do Kwon Denied Bail by Montenegrin High Court; Extrad...
A Montenegrin high court judge has reportedly invalidated the bail application of Do Kwon, the co-founder of Terraform Labs. Kwon was detained for providing false identification while boarding a flight to Dubai alongside a companion on March 23, 2023.Terraform Labs Co-Founder's Bail Request Invalidated by Montenegrin High Court
For the past 62 days, Do Kwon has remained incarcerated in Montenegro's capital after being apprehended at Podgorica airport. Kwon, along with his accomplice Han Chong-joon, allegedly attempted to depart from Montenegro for Dubai.
However, their plans were thwarted when Kwon was discovered carrying forged identification documents. Montenegro's interior minister, Filip Adzic, confirmed the arrest and subsequent detention of Kwon in Podgorica.
Ever since then, Kwon has found himself trapped within the confines of Montenegro's prisons, and jails with distressing reports about the treatment of inmates and the dire state of prison infrastructure in the country.
At the start of May, a glimmer of hope emerged as Kwon and Chong-joon were granted permission by the lower court in Montenegro to secure their release by posting bail amounting to $430,500. However, the optimism was short-lived as news surfaced on Wednesday, May 24, 2023, revealing that a higher court had decisively annulled the lower court's bail ruling.
On Wednesday morning, Bloomberg reporters received the news directly from Marija Rakovic, a court spokeswoman. Apart from Kwon's ongoing legal woes...
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