![]() By no means, it’s financial or investment advice. All the information shared in the post is for knowledge purpose only. DISCLAIMER:Ĭryptocurrency is a highly volatile market. ![]() Remember to subscribe to my YouTube channel for more informative content, released every week. If you’re a fan of blockchain technology then do share this post on your social handles and educate everyone around you. In the next post, I will talk about Optimism crypto & how to add a blockchain network to Metamask wallet. This completes my review of LOOM network. It is an ERC20 token and can also be purchased from DEXes like Uniswap or SushiSwap exchange. LOOM token can be purchased from the leading crypto exchanges like Binance & Coinbase. It is here to stay but the price may still range around $0.30 once the bull market resume. On the bright side, the project is genuine and works as promised by the team. Though the project has potential and is delivering value, it is still behind the other layer 2 blockchains like Polygon (MATIC) which was launched years after its launch. It is trading in the range between $0.03 – $0.05 and is stable in the region. The condition is bad and the same is reflected in the price level of LOOM token. Please check the latest price of LOOM token, shared below – Projects like Polygon (MATIC) are already ahead of the race and investors are slowly losing interest in the token. However, it’s unable to match the competitor’s price action. This is concerning for LOOM since its USP has been deteriorated by the new players having in-built features. ![]() New blockchains like Avalanche (AVAX) or Fantom (FTM) are already EVM compatible and offer low transaction costs compared to LOOM network. ![]() Fortunately, LOOM network is Ethereum compatible which means any app built on Ethereum can also run on its network, making it a desirable network when it comes to cross-chain connectivity. LOOM network doesn’t charge transaction fees to the users, that’s because the developers pay for the hosting fee on the network.īaseChain is an interoperable sidechain with the ability to connect multiple blockchains without compromising the scalability and usability of DAPPS.Įthereum is the mother of popular DAPPS built on the blockchain. The total supply of LOOM token is 1 Billion LOOM Network Benefits: ![]()
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