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The current real-time price of LOOM is $0.0003. In the past 24 hours, LOOM has traded between $0.0{5}6350 and $0.0{5}6350, showing strong market activity. The all-time high of LOOM is $0.0009, and the all-time low is $0.0{5}5250.
From a short-term perspective, the price change of LOOM over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of LOOM on LBank.-4.71%
The live price of LOOM today is $0.0003, with a current market cap of $300.000K. The 24-hour trading volume is 2.96. The price of LOOM to USD is updated in real time.
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Before deciding whether to buy or sell LOOM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s LOOM technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for LOOM.
How much will LOOM be worth tomorrow, next week, or next month in ? What about your LOOM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! LOOM Price Prediction
To learn more about LOOM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0xcd55...f39b77  | 794.499M | 82.12% |
binance-smart-chain | 0x0530...c5b816 | 4.507M | 0.47% |
binance-smart-chain | 0xe42f...d9d566 | 3.038M | 0.31% |
binance-smart-chain | 0x48af...59f195 | 3.028M | 0.31% |
binance-smart-chain | 0xf16b...14d019 | 2.309M | 0.24% |
Other | 160.052M | 16.54% |
LOOM is a Proof-of-Stake (PoS) token integral to the Loom Network. It plays a crucial role in securing the Loom Network's mainnet, Basechain. Furthermore, it serves as the currency for developers to host their decentralized applications (dApps) on Basechain. Holders of LOOM tokens can stake them to contribute to Basechain's security and, in return, earn rewards.
Loom Network is a multichain interoperability platform designed to facilitate the scaling of high-performance decentralized applications (dApps). Launched in early 2018, it is optimized for dApps that demand a fast and seamless user experience, mirroring traditional applications. The network simplifies user onboarding for dApps by eliminating the need for crypto wallet software downloads and integrates with major blockchains such as Ethereum and others.
Loom Network addresses key challenges in the crypto space, including scalability, interoperability, and enhancing both developer and user experience. It functions as a platform-as-a-service, enabling Ethereum Solidity applications to operate on sidechains with specific consensus mechanisms. Developers can deploy dApps using common programming languages without needing extensive specialized knowledge. The network aims to mitigate high transaction fees and complex user interactions often associated with dApps on certain blockchain networks, thus improving accessibility and efficiency.
LOOM operates as a Proof-of-Stake token. Users can stake their LOOM tokens to help secure the Basechain network and earn rewards for their participation. The minimum amount required for staking is 1 LOOM. Staking can be performed using various crypto wallets that support the functionality, or through certain cryptocurrency exchanges that offer soft staking programs.
No, users are not required to hold or use LOOM tokens to interact with decentralized applications (dApps) running on Basechain. The developers of these dApps are responsible for paying in LOOM to operate their applications, which ensures that end-users do not incur transaction costs during usage.
LOOM tokens are available for purchase on various major cryptocurrency exchanges. Interested users should check the availability and trading pairs on their preferred exchange platform to acquire LOOM tokens.
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