Loom Network Skyrockets, Surges By +700% in a Month

Loom Network Skyrockets, Surges By +700% in a Month

/ Loom Network’s $LOOM coin soars +700% in 30 days, listing on gate.io sparks frenzy. A rising star in the crypto world

By Nilesh Hembade.

Date: 15 Oct, 2023 11:30 AM IST

The world of cryptocurrencies has witnessed an extraordinary feat, as the Loom Network, a platform known for its Ethereum-based infrastructure supporting large-scale decentralized applications, has catapulted to the forefront of the market. The native token of the Loom Network, the $LOOM coin, has experienced an astounding surge of over +700% in just the past 30 days, leaving investors and industry enthusiasts astounded by its meteoric rise.

As of the latest update, the LOOM coin is trading at a substantial $0.351, marking an impressive 30% increase in value within the last 24 hours alone. The current market capitalization of $428 million has positioned Loom Network as one of the most talked-about projects in the cryptocurrency realm.

In an unprecedented turn of events, the remarkable surge of the LOOM coin has propelled it to the second spot on the Top Gainers list, a noteworthy achievement that underscores the coin’s growing popularity and investor interest. The cryptocurrency market, known for its volatility and unpredictability, has found itself captivated by the Loom Network’s recent success.

One of the key drivers of this momentous surge can be attributed to Loom Network’s listing on gate.io, a prominent cryptocurrency exchange platform. The official listing of the LOOM coin on gate.io was completed on September 25, 2023. This listing has not only validated the project but also opened up new avenues for investors and traders to partake in the Loom Network’s success story.

With this remarkable surge, the Loom Network stands as a testament to the ever-evolving and dynamic nature of the cryptocurrency market. The project’s focus on facilitating large-scale decentralized applications on the Ethereum network has clearly resonated with investors, making LOOM an asset to watch closely in the weeks and months to come.


The information provided in the preceding news article is for informational purposes only and does not constitute financial advice or endorsement. Cryptocurrency investments are subject to high levels of risk and market volatility.

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