We are going to discuss future of Loom network coin in form of Loom price prediction based on previous performance and other websites predictions. From 2017 we have seen lots of digital revolutions that have taken place. Out of all, the most important revolution is the “Blockchain” and “Cryptocurrencies”. In this article, we will discuss Look Network Coin and Loom Network Price Prediction in depth.
Today lots of investors have started trading in these cryptocurrencies and have made it a profession. From these cryptocurrencies, Loom Network Coin is one such choice of investors. So there are all the details related to Loom Network that will help us and investors in predicting the future of Loom Network.
Loom Network About
Like several altcoins, Look Network Coin is also a cryptocurrency that uses blockchain to work. It uses the Ethereum base and focuses on Games and Social Apps. According to the site of Loom Network, Look Network DApps are built for the Games and Social Apps and focuses on the Loom Network SDK that allows the possessors to have their own personal side-blockchain network. Now, this is something different from what other crypto coins offer.
Loom Network coin is also referred to as LOOM in abbreviated form. There are in total 1,000,000,000 LOOM coins in supply out of which there are 606,242,095 LOOM coins in circulation and at present, the market capitalization of LOOM NETWORK is $159,272,529 USD with the trade volume of over $28,423,400 USD.
Loom Network History
The story goes back to 7 months when the founders thought of Loom Network and started working and building technology got it. After that, the coin was launched in the market on 14th March 2018 i.e. 4 months back. On the very first day, the LOOM coin was priced at $0.076 USD with the volume of $4,774,280 USD all over the world.
After that, the coin started getting recognition and this made LOOM gain price rise in very short time. In 2 months only the coin increased very high and on 3rd May 2018, the coin stood at its all-time high at $0.75 USD per LOOM coin with the huge market cap of over $433,499,599 USD.
From then there is a constant decrease in the price of per LOOM coin however the market cap is still gaining as the circulating supply in high. Hence I would recommend the investors to keep their watch over LOOM NETWORK Coin and buy a big lot at the correct time.
Loom Network Present
It is the potential of Loom Network coin only that at present the coin is ranked at 74th position in just 4 months. The coin is priced at $0.26 USD with the market cap of $159,272,529 USD with the circulating supply of 606,242,095 USD.
Today only the coin rose over 29% in just 1 day and it has shown growth from last 1 week. The coin is showing an impressive performance which is commendable in current time.
As investors, we always cross check about the product in which we are going to make the investment because of safety purpose. For that, there are few negative and positive things that as investors are necessary to be referred.
Loom Network Coin – Positive points
- The coin is an outperformer and gives good returns in short duration
- It focuses on online gaming platforms and social applications which is in trend and has good future
- It offers various products and DApp SDK product that is unique and attractive
- Offers personalized side blockchains for individual SDK holders
- The coin is available at a very lesser cost.
Loom Network Coin – Negative Points
- The coin is not having Whitepaper, which they say is not that much important
- It has the lifespan of only 4 months
- The Loom Network technology has not faced any complications till now
These are few points to be kept in mind when investing in Loom Network technology.
As investors, it is very important to be aware of all the latest proceedings that happen over the world as it helps in decision marking related to cryptocurrency investments. But looking at the current time it is hard getting time to acquire knowledge about the same and so we have also taken a solution for it.
Here are few websites that have given their Loom Network Price Prediction on their websites. We recommend you to read those given predictions properly.
- Famous prediction site Walletinvestor.com expects to Look Network to be priced at $1.99 USD per LOOM. Moreover, the coin can rise to $9.16 USD in next 5 years.
- On the other hand Coincheckup.com shares prediction at $0.90 USD in 2019 and $61.37 USD in 2022 with the expected rate of increase at 100%.
- Priceprediction.com, a prediction website shares its Loom Network Price Prediction to be at $2.86 USD in the 1st quarter of 2019.
Possibility LOOM Network Price Prediction
I think you all will be inconsistent as there are lots of variations in the given Loom Network Price Prediction given by these websites. Hence to simplify these and for investors to arrive at a common decision here are few possibilities that will guide you properly to decide.
If we look at the graph of Loom Network of last 100 to 110 days then the coin has fallen by ~52% which means the coin has lots more than half its value in these days. But in recent days the coin is gathering it back and so we can expect a good rise in the future and there are ample of chances for the coin to reach up to $0.65 to $0.75 USD by the end of the year.
Hence this is the correct time for the investors to invest in the technology and have an upper hand to earn doubled profits.
There are possibilities that the coin may also sink even low and lose its value. The coin is expected to be as low as $0.1 USD in next few days. However, the coin will surely rise in long-term but very fewer possibilities in few days. So it will be a risk for the investors to take any immediate action.
We here in the article are meant to suggest best crypto coins to the investors who are having less of knowledge related to altcoins or the ones who are having lack of time to go in-depth for cryptos. The decision on investing in Loom Network will be of all you readers only. But we will be uploading such articles to guide our readers in a proper direction. Stay connected for more details.