Campbell, the principal of the project, studied at Georgia State University, graduating in 2007. He has worked in a range of software development roles for companies such as DigitalOcean and Bell South. Campbell also worked https://fullsendtoken.net/ as a technical architect for both Bloomberg and Reuters. Since founding Loom in 2017 in Bangkok, Thailand, he has also founded OctoVision, an AI and robotics company aimed at helping create sustainable aquaculture.

Loom Network price prediction

Loom charge nearly zero gas fees with less than 3 second confirmation time for every transaction. In order to maintain transaction speed and low fees, the network automatically connect with other blockchain like Ethereum, Binance Chain. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.

Volume profile price channel in 30 days range

This token is designed to be used to pay to host dApps on the platform, while it can also be staked in return for rewards. Weiss Research, an investment research firm that rates cryptocurrencies, has given Loom Network an overall rating of “C”, a technology and adoption rating of “C”, and a market performance rating of “D+”. It is worth remembering that forecasts, especially long-term ones, are better viewed as indicators rather than absolutes. Famous crypto youtube influence Cryptosterone believes that the price of loom has a great chance of going to new heights. Other experts and businesses, analysts believe that the price of Loom will rise up to $3.01 in 2030. However, the Bilaxy exchange also sees significant transaction activity.

  • Let’s now take a look at some of the Loom Network price predictions that were being made as of 12 September 2022.
  • To predict prices, we’re using a machine learning model known as long short-term memory .
  • This may reduce the token’s liquidity, making it more challenging to carry out larger block orders.
  • Network officially started building optimized services for government department and healthcare provider in Thailand country.
  • The Loom Network price could reach a maximum value of $0.75, with an average trading price of $0.66 throughout 2029.

Sometimes, it takes only a couple of hours for the price to take a nosedive and disrupt the existing market structure. Being involved in crypto requires having nerves of steel and high risk tolerance. It is important to recognise that price forecasts, especially when it comes to something as potentially volatile as cryptocurrency, often turn out to be wrong. Also, long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.

We’ve trained the model with information from our API’s Aggregated OHLCV Candles endpoints, which provides daily prices for thousands of cryptocurrencies. In terms of price value, LOOM has an outstanding potential to reach new ATHs. According to many experts and business analysts, LOOM can hit the highest possible price of $1.67 till 2030.

How high can Loom Network (OLD) price go?

At that time, there were 1.3 billion Loom Network tokens in circulation, according to CoinMarketCap, representing the total supply. This gave the token a market cap of around $169m, making it the 155th largest crypto by that metric. DigitalCoinPrice thinksthat LOOM could be worth $0.111 in 2022 before increasing to $0.1311 in 2023. The website’s https://fullsendtoken.net/loom-network-price-prediction/ for 2025 stands at $0.1745.

Loom Network ’s price for April 2023 according to our analysis should range between $0.14 to $0.16 and the average price of LOOMOLD should be around $0.15. Loom Network ’s price for March 2023 according to our analysis should range between $0.14 to $0.16 and the average price of LOOMOLD should be around $0.15. Loom Network ’s price for 3 Feb 2023 according to our analysis should range between $0.063 to $0.072 and the average price of LOOMOLD should be around $0.068. Loom Network ’s price for 24 Jan 2023 according to our analysis should range between $0.054 to $0.062 and the average price of LOOMOLD should be around $0.058. Loom Network ’s price for 19 Jan 2023 according to our analysis should range between $0.049 to $0.057 and the average price of LOOMOLD should be around $0.053.

The table above shows the number of days which Loom Network closed above a certain price level. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.