Loom Network LOOM Token Analysis and Markets in 2020

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Last modified on 11. October 2020

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Quarters

Quick Facts

Loom Network is a relatively large cryptocurrency. On 1 October 2020, it had a market capitalization of nearly US$ 19.7 million, accounting for less than 0.01 percent of the digital currency market.¹^|2 LOOM is its ticker symbol.

In April 2018, Loom Network was added to coinmarketcap.com to track its real-time trading data.

loomx.io

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, Loom Network had an average trading volume of over US$ 2.7 m per day for the first trimester of 2019.

The average market capitalization during the first trimester of 2019 was nearly US$ 35.6 m.

Trading Price

The average trading price in the first trimester of 2019 equated to US$ 0.054305.

The all-time high of Loom Network in 2018

Loom Network LOOM Price analysis generated by coindashboards.com — Price analysis for the most important moments in Loom Network’s trading history (LOOM)

The Loom Network currency reached a high in May 2018 at over US$ 0.77. At this trading price, the token reached a market capitalization of over US$ 373 million. This put Loom Network in the ballpark of certain other digital currencies, such as Komodo, Ardor, aelf, Mithril and Nebulas, among others.

Loom Networks all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 165 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 933 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 102 billion.

Loom Network (LOOM): 0.373 bn US dollars
Bitcoin (BTC): 165 bn US dollars
Apple (AAPL): 933 bn US dollars
VW (VWAGY): 102 bn US dollars
Date: 4 May 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Loom Network stood at US$ 0.055016 with a market capitalization of over US$ 35.5 million. This is a retracement down to approximately 7.1 percent in comparison with the peak trading price stated above.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The Loom Network-Token is not a native cryptocurrency and is not generated through mining. It has no maximum number of tokens, unlike HedgeTrade, for example. Those interested in the source code should also take a look at the GitHub page.

Block height and other recent statistics around current Loom Network transactions can be traced through this block explorer.

Additional information about Loom Network, including the white paper and other links to source code, community forums and social media accounts can be found on loomx.io.

Markets

Loom Network LOOM Market analysis generated by coindashboards.com — Markets on which Loom Network (LOOM) can be traded

EUR

One trading platform for buying or selling Loom Network in EUR is LiteBit.eu.

USD

Two large markets for buying or selling Loom Network in USD are Coinbase Pro and Bitfinex. There are additional platforms where you can buy or sell Loom Network, including MXC (MoCha), Huobi Global and CoinEx, among others.

BTC

A large market for buying or selling Loom Network in BTC is Binance. There are additional platforms where you can buy or sell Loom Network, including VCC Exchange, BitMart and LATOKEN, among others.

^{1. This figure changes to 0.0133 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}