Loom Network (NEW) Price Overview
The current Loom Network (NEW) price is 0.070500000 €. The price has changed by 12.04% in the past 24 hours on trading volume of 61111612.84 €. The market rank of Loom Network (NEW) is 582 based on a market capitalization of 87328078.59 €. Loom Network (NEW) has a circulating supply of 1239270898.00 LOOM. The highest recorded Loom Network (NEW) price is 0.468287000 €. And the lowest recorded LOOM price is 0.027853660 €.
How do Loom Network (NEW) price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.
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Analysing Loom Network (NEW)’s price history
Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.
Make sure your price prediction for Loom Network (NEW) matches your long-term and short-term financial goals.
There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.
Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Loom Network (NEW) chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.
In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.
News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?
Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.
Factors influencing the Price of Loom Network (NEW)
Many factors affect the value of Loom Network (NEW).
The Loom Network (NEW) exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.
Government regulations have a great impact on the price of Loom Network (NEW) and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.
Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Loom Network (NEW) in the news, monitor LOOM on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.
Competition and ongoing technological changes make a difference too. Many Web3 tokens are related to established blockchains like Ethereum and Solana. Take Ethereum, for example. The Ethereum Foundation has been open about its plans for introducing new technology to the underlying blockchain. Will those innovations create an opportunity for Loom Network (NEW)? Or will they close a technology gap, rendering Loom Network (NEW) less valuable as an investment?
Live Loom Network (NEW) value and market cap
The live Loom Network (NEW) exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.
The market capitalisation of Loom Network (NEW) is equal to the value of Loom Network (NEW) multiplied by the number of Loom Network (NEW) in circulation.
Where to buy Loom Network (NEW)
So you’re ready to jump into the world of cryptocurrency and you want to know where to buy Loom Network (NEW) (LOOM)? Loom Network (NEW) is available to buy, sell, and use with the Kriptomat Web3 Wallet – the simple and secure way to store your crypto.
What payment methods can I use to buy Loom Network (NEW)
We’ve made it easy to top up your Web3 Wallet! You can fund your Web3 purchases via SEPA bank transfer, Visa, MasterCard, Apple and Google Pay, or Skrill to buy Loom Network (NEW) (LOOM).
What can you do with your Loom Network (NEW)?
Buy Loom Network (NEW) with euros
Access Loom Network (NEW) tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.
Exchange Loom Network (NEW)
Swap some or all of your Loom Network (NEW) for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.
Use Loom Network (NEW)
Use the Loom Network (NEW) you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.
Sell Loom Network (NEW) for euros
Simplify your life with the Web3 wallet that lets you sell your Loom Network (NEW) for euros in seconds. Easily withdraw to your bank account or bank card.
Earn Loom Network (NEW)
With Loom Network (NEW), you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow Loom Network (NEW) at competitive interest rates.
Hold your Loom Network (NEW)
Your Loom Network (NEW) tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.
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Loom Network (NEW) Price FAQ
What factors influence the price of Loom Network (NEW)?
Political events, the world economy, celebrity endorsements, and market news are among the countless factors that influence cryptocurrency prices. To see how Loom Network (NEW) tracks the overall market, check out our comprehensive cryptocurrency price page.
What is the highest price of Loom Network (NEW) in EUR?
Loom Network (NEW) price history shows that Loom Network (NEW) has recorded a peak value of 0.468287000 €.
What is the current price of Loom Network (NEW) in EUR?
Loom Network (NEW) is available for immediate purchase at Kriptomat. The current price is 0.070500000 €.
How can I buy Loom Network (NEW)?
You can consult an expert to tell you how to buy Loom Network (NEW). However, it’s fast and easy to buy Loom Network (NEW) with the Kriptomat app. Loom Network (NEW) is available for immediate purchase at the current Loom Network (NEW) price quote of 0.070500000 €. Current prices are always displayed in the Loom Network (NEW) chart.
How much Loom Network (NEW) should I buy?
If you’re purchasing tokens to use an app or play a game, explore the website and see how much you’ll need. If you’re acquiring Loom Network (NEW) as an investment, take a look at your financial goals, your investment fund, and your portfolio. Smart investors build portfolios of 10 or more cryptocurrencies, balancing factors like anticipated growth rates, volatility, market niche, and more.
Is there an order minimum?
You can buy Loom Network (NEW) for as little as €15 but bear in mind the blockchain fees that are charged for DEX tokens.
Is Loom Network (NEW) easy to sell?
Though it can be difficult to bring yourself to part with any cryptocurrency, Kriptomat has made it as simple as possible to sell your LOOM whenever you so choose – 24 hours a day, 7 days a week, 365 days a year.