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Loom Network (LOOM) exchange rate

Price for today

0.041 USD 0.38%

0.00000207 BTC -3.27%

Market Cap
53,137,288 $
Volume 24h
3,348,184 $
  • Name Loom Network

  • Symbol LOOM

  • Circulating supply 1 300 000 000 $

  • Max supply 0 $

  • Cmc rank 343

  • Volume 24h 3 348 184 $

  • Percent change 1h -0,63 %

  • Percent change 24h 0,38 %

  • Percent Change 7d -5,5 %

About Loom Network

The Loom Network allows Ethereum-based applications to be run on multiple side chains while remaining on the Ethereum network. The LOOM token is an ERC-20 staking token that enables participants to contribute towards securing the system. It can be further used as a means of payment within the network’s ecosystem. For example, in order to run their DApps on the network, the developers must make payments in LOOM. 

Short overview of LOOM

Loom Network  is quite trendy crypto, which is now presented on multiple main crypto exchanges, as well as Godex.

LOOM was developed for rapid, cheap and secure payments applying the benefits of blockchain technology. 

Today Loom Network price is 0.04087484 with a day-to-day trading volume of 3348184. The circulating coin supply is 1300000000 LOOM and it has a maximum supply of 0 LOOM coins.

You can gain the LOOM by mining, participating in an affiliate program or by staking. You can also purchase it for other digital money you have got.

LOOM exchange to another cryptocurrencies

Nowadays, as a result of the growing interest in LOOM, there are quite a few services where you can fast and safely exchange it for other cryptocurrencies.

To exchange LOOM, choose an exchange platform that offers the desired currency pair. 

Currently, more than 300 various coins and tokens are available on Godex.io, which can be exchanged for LOOM without limits on the amount.

Follow simple instruction to exchange Loom Network:

  1. On the home page, use a handy coin converter. Pick out the LOOM and type in the amount on the left. Pick out the name of the cryptocurrency you demand on the right. If the rate offered by the exchange satisfies you, click the “Exchange” button.
  2. Write your wallet address, where the funds will be directed after the exchange is confirmed.
  3. Send the required amount of LOOM to the given address.
  4. After the exchange receives LOOM, a transaction is confirmed and you get a new token to your wallet.

This same guide can be used for deals involving different crypto currencies.

The entire trade process normally takes no more than a few minutes.

F.A.Q.

How to buy LOOM?

You can purchase LOOM with other digital currencies available on crypto exchanges. On many crypto exchanges, you need to go through the registration process and deposit the required amount of cryptocurrency obtain LOOM. 

Certainly, you will need to insure that you have a Loom Network wallet beforehand to securely store your assets.

Is profitable trading Loom Network to another crypto?

Profitability from trading Loom Network to another crypto asset depends on the coin value at the moment of the exchange. If it is high, it may be time to sell or exchange the coin. It is believed to monitor the coin price chart to compare LOOM to usd. LOOM analysis of crypto experts and forecast will also help to assess the possibilities for a deal.

Is Loom Network safe to buy?

Loom Network itself is secure. Investing in it has similar hazards as investing in any other cryptocurrency. Despite that, you can reduce the risks by trading on trustworthy crypto exchanges and using a trusty wallet to store Loom Network.