What is Loom Network?
Loom network is next generation blockchain project that offer interoperability by connecting different blockchain. Loom network initially focusing on gaming and apps and currently work as distributed enterprise network for healthcare service provider. Under healthcare service network enable streamline data flows that help to attend more patient without any paperwork. Loom healthcare uses secure & distributed data base for data security and patient can have flexible service as per their need.
Loom offer deployment of dapp on their own network that open space in their user base that will help business to grow. 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.
Loom network bringing new document management system where user can share, store, authenticate and time-bound document. However, new version of loom protocol will be launched with Extdev testnet. In future Loom network will be fully open source and will start accepting new enterprise partners. Network officially started building optimized services for government department and healthcare provider in Thailand country. However, in this partnership different service provide will allow to store, access, share and secure data.
Loom Network Price Prediction
|Month & Year||LOOM Price Prediction|
Loom Network Overview
|Project name||Loom Network|
|Total Supply||1 Billion|
|Based on||Distributed Enterprise Platform|
|All-time high||$0.77 USD|
|Exchange Platform||Binance, Upbit, Bithumb, Coinbase Pro, Huobi Global, VCC Exchange, MXC|
Loom ICO Overview
|Raised by||$45,810,000 USD|
|Date of ICO||10 January 2018|
|ICO Price||$0.076 USD|
|Partners||Somnium Space, Sorare, Cocos-BCX, Unity|
Loom Network Price Analysis
LOOM network and basechain is secured by its own utility token i.e. LOOM Token based on ERC-20 Ethereum Blockchain. Loom token can be user’s entry pass for accessing dapps deployed on Loom Network. considering wave of Decentralized Finance Loom started production on their DeFi project under title AliceFi. However, with major upgradation and following roadmap of 2020 and 2021 Loom sees huge spike in price growth, since beginning of November 2020 Loom record 90% price surged in just 24 hours. LOOM as of writing trading at $0.044 USD price and probably it could break $0.048 USD record of highest price of year 2020.
Will LOOM hit $1?
May be after 2027.
How Much Loom Worth in 2030?
Probably worth more than $3 USD.
Is Loom Network a Good Investment?
Consider as Loom Network for long term investment but before you invest go through its price chart.
Loom Network already become home of several dapps including games and different business and regular application. Loom SDK gain huge popularity because it simply helps user to create their own dappchain with easy selection of feature they needed. However, we know dapps continues its growth even and hopefully we possibly see huge growth in number of dapps developer in future. Loom Network making comeback in market in 2020 along with other key blockchain project. hopefully, Loom can regain their position in the race of highest market cap holder in crypto market.