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.
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Loom Network Price Prediction
| Month & Year | LOOM Price Prediction |
|---|---|
| November 2020 | $0.0406 |
| December 2020 | $0.0598 |
| January 2021 | $0.0761 |
| February 2021 | $0.0892 |
| March 2021 | $0.0921 |
| April 2021 | $0.1020 |
| May 2021 | $0.0948 |
| June 2021 | $0.1100 |
| July 2021 | $0.1140 |
| August 2021 | $0.1066 |
| September 2021 | $0.1218 |
| October 2021 | $0.1303 |
| November 2021 | $0.1391 |
| December 2021 | $0.1314 |
| January 2022 | $0.1437 |
| February 2022 | $0.1485 |
| March 2022 | $0.1367 |
| April 2022 | $0.1573 |
| May 2022 | $0.1642 |
| June 2022 | $0.1698 |
| July 2022 | $0.1600 |
| August 2022 | $0.1693 |
| September 2022 | $0.1781 |
| October 2022 | $0.1840 |
| November 2022 | $0.1987 |
| December 2022 | $0.1856 |
| January 2025 | $0.1960 |
| March 2025 | $0.2083 |
| May 2025 | $0.2168 |
| July 2025 | $0.3175 |
| October 2025 | $0.3146 |
| Decemeber 2025 | $0.3266 |
| January 2030 | $0.3586 |
| March 2030 | $0.5272 |
| May 2030 | $0.5373 |
| July 2030 | $0.5258 |
| October 2030 | $0.5336 |
| December 2030 | $0.5640 |
District0x Price Prediction |Civic Price Prediction
Loom Network Overview
| Project name | Loom Network |
| Ticker Symbol | LOOM |
| Total Supply | 1 Billion |
| Official website | Loom.io |
| Based on | Distributed Enterprise Platform |
| Launched year | 2018 |
| All-time high | $0.77 USD |
| Exchange Platform | Binance, Upbit, Bithumb, Coinbase Pro, Huobi Global, VCC Exchange, MXC |
| Wallet | Ledger, Metamask |
Loom ICO Overview
| Platform used | ERC-20 |
| 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.
FAQ
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.
Conclusion
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.
