LOOM Price Prediction 2023-2032
- LOOM Price Prediction 2023 – up to $0.16
- LOOM Price Prediction 2026 – up to $0.52
- LOOM Price Prediction 2029 – up to $1.28
- LOOM Price Prediction 2032 – up to $4.76
For professional dApp developers, Loom Network (LOOM) has emerged as a production-ready, multichain interoperable platform. The platform provides developers the information and resources to create and distribute high-performance decentralized apps. Additionally, it provides the technology necessary for these dApps to offer a quick and smooth user experience across several chains.
If you want virtual currencies with good returns, LOOM can be a good, high-risk investment option. What’s the future price outlook for the Loom Network?
How much is LOOM worth?
Today’s LOOM price is $0.1263, with a 24-hour trading volume of $56.152 million. LOOM is down 2.45% in the last 24 hours. The current CoinMarketCap ranking is #189, with a live crypto market cap of $154.127 million. It has a total supply of 1.3 billion LOOM coins.
LOOM price analysis
TL; DR Breakdown:
- LOOM is up 183.90% over the last 12 months but down 61.92% over the last 30 days.
- The chart suggests it will continue trading sideways in the short term.
LOOM is up about 183.90% over the last 12 months but down 61.92% over the last 30 days. This year, it made a remarkable bear run in October, rising from a low of $0.05 in September, peaking at $0.3418 in October. It later made a sharp reversal, dropping below $0.15 in November.
The MACD indicator LOOM’s registered little momentum this week as it corrected from the recent high. The RSI at 46.98 constricted above the neutral level. The indicators suggest it will move sideways.
LOOM Price Prediction 2023-2032
LOOM Price Prediction by Cryptopolitan
|Year||Minimum Price $||Average Price $||Maximum Price $|
LOOM Price Prediction 2023
In our 2023 LOOM Network price prediction, we anticipate a minimum trading price of $0.15 and an average value of $0.16 for the token. With several scheduled upgrades, we expect LOOM to experience a surge in value and reach a maximum price of $0.16.
LOOM Price Prediction 2024
According to our LOOM price prediction 2024, we expect a minimum price of $0.21 and an average price of $0.22. However, If LOOM’s growth trajectory persists, we predict its value could reach as high as $0.26 at its peak.
LOOM Price Prediction 2025
According to our LOOM Network cost for 2025, the minimum price of LOOM will be $0.30, while the average price will be around $0.30. There is potential for significant growth in the value of LOOM during this period, with the token possibly reaching a maximum price of $0.36 by the end of 2025.
LOOM Price Prediction 2026
According to price prediction for 2026, we expect the minimum price of the coin to be $0.42 and an average predicted value of $0.44. We expect LOOM’s price to surge to a maximum of $0.52 by 2026.
LOOM Price Prediction 2027
Our LOOM price prediction for 2027 is a minimum value of $0.61 with an average trading price of $0.63. Based on the LOOM price prediction for 2027, the price could reach a maximum of $0.71 during the year.
LOOM Price Prediction 2028
Based on our LOOM price prediction for 2028, the LOOM token is anticipated to experience a bullish trend with a predicted floor price of $0.85 and an average trading value of $0.88. The highest possible price for 2028 is estimated to reach $1.04reflecting a significant increase in the token’s valuation.
LOOM Price Prediction 2029
Our LOOM price prediction for 2029 suggests that the minimum price level could be $1.28. The LOOM token will experience significant growth, with a maximum potential price value of $1.50 and an average projected value of $1.31.
LOOM Price Prediction 2030
According to our LOOM price prediction for 2030, we anticipate that the cryptocurrency’s value may drop to a low of $1.91 by year-end. However, we expect the average trading price to be $1.98 and the maximum estimated price to reach as high as $2.21.
LOOM Price Prediction 2031
Based on our LOOM price prediction for 2031, the minimum price of LOOM will be approximately $2.81 while the average price will be around $2.90. The maximum estimated value for LOOM in 2031 will reach $3.31.
LOOM Price Prediction 2032
According to our LOOM Network’s price prediction for 2032, the LOOM coin will rise steadily. However, the minimum price of the coin will be $4.03. The average trading price is estimated at $4.18, indicating steady growth. The maximum estimated price for 2032 is $4.76, showing a potential surge in price.
LOOM Price Predictions by Walletinvestor
Wallet Investor uses technical analysis to provide the LOOM price forecast for a wide selection of cryptocurrencies like LOOM. The platform indicates LOOM’s past performance index rating as A+; it adds that LOOM would make a bad one-year investment. The expected average price in 2024 will be $0.122. LOOM’s return on investment (ROI) will be -4.215% in 2024. In 2025, the ROI will be -9.194%; in 2026, it will be -15.44%; in 2027, it will be -22.053%. According to the analysis, the LOOM price is bearish over the entire period.
LOOM Price Predictions by CryptoPredictions
The site scans a coin’s exchange prices and other past price data and analyses it to provide LOOM coin price prediction.
In 2024, LOOM will trade at an average price of $0.1564 in January and $0.1638 in December. In 2025, LOOM will trade at an average price of $0.16487 in January and $0.17944 in December.
LOOM Price Predictions by Digitalcoinprice
LOOM will be on a bullish trend from 2024 to 2032; the maximum value of LOOM for the entire duration will be $2.45. In 2024, it will trade at a mean price of $0.32. It will reach a maximum price of $0.32 and a minimum of $0.27. In 2027, it will trade at a mean price of $0.55. It will reach a maximum price of $0.57 and a minimum of $0.48. In 2032, it will sell at a mean price of $2.44. It will reach a maximum price of $2.45 and a minimum of $2.36.
LOOM Predictions By Industry Experts
LOOM price predictions by Binance, the world’s largest exchange by trading volume, indicate a bullish price projection; LOOM will average at $0.131751 in 2024, $0.145256 in 2026, and $0.176559 in 2030. A majority, 36.36%, from a poll by Binance, is ‘very bullish’ on LOOM.
LOOM Price History
The Loom Network’s smart contracts and dApps are powered by the LOOM token. It has been connected with Binance Chain and is an ERC-20 token that can also be used as a BEP-2 token. LOOM is not yet intended to become a native token.
The LOOM market is also unique because there has never been a public ICO. The team instead conducted a private investment round in January 2018 and raised $45,810,000 by selling 750 million LOOM tokens for $0.076 a piece.
On May 4, 2018, LOOM reached an all-time high of $0.774454; however, it has since dropped significantly. The LOOM token dropped to an all-time low of $0.007666 on March 13, 2020.
More on LOOM
What is Loom?
The Loom Network is a Platform-as-a-Service (PaaS) network built on Ethereum with an SDK to create massively multiplayer, decentralized social games and apps. On the Ethereum mainnet, Loom DAppChains are parallel sidechains connected to smart contracts. The Loom Network’s LOOM token grants access to DAppChains.
Speed and Scalability of Ethereum
Any decentralized blockchain network depends on how quickly data can be sent. The network must have the speed and ability to handle an ever-increasing volume of transactions easily since it will enable tamper-resistant and transparent record-keeping.
Due to the manner which most blockchains have been constructed, security has come before speed and scalability, which has caused problems for almost all of the current blockchain networks.
The Loom Network’s technology was designed to solve these performance and scalability problems. They think that by offering more processing power, lower prices, and network architecture that can support unlimited transactions, they can encourage developers to create new DAapps and smart contracts.
Developers could leverage third-party APIs not on the blockchain in one such use scenario. A developer might connect to Google Authenticator to include 2-factor authentication into a DApp.
When used this way, the blockchain becomes a repository for user data. There is no possibility of servers being shut down by a centralized authority because it is a decentralized network. As a result, a valid form of digital democracy will be created, with the community having the last say on any DApps operating on the blockchain.
Buying & Storing LOOM
Many exchanges, including Binance, offer the LOOM coin. The PancakeSwap V2 exchange has the highest trading volume for LOOM on a DEX.
Although the LOOM token is listed on each of these exchanges, I did find the order books’ generally low levels of turnover to be a little unsettling. This may reduce the token’s liquidity, making larger block orders more challenging.
LOOM may be kept in any ERC-20-compliant wallet because it is an ERC-20 token. It also supports BEP-2 wallets if converted, and the ledger and the Trezor hardware wallets support LOOM. The team has also now made available a native LOOM wallet that can store LOOM.
The Loom Network runs on Plasma, a scaling solution allowing faster transactions throughout the network. LOOM aims to allow application developers to have smart contracts that can access much more computing power when required or maintain the same power at lower costs.
Loom makes scaling decentralized applications faster and easier on the Ethereum network and uses the DPoS sidechains for scalability with DApps through the security of the Ethereum mainnet. With the Merge, we can expect more improvement in transactions. The LOOM token acts as a membership token that each member receives to get access to all the apps that run on the Loom Network itself.
While some analysts believe the coin’s value will rise in the future, others believe it will fall. It is critical to remember that projections, especially long-term projections, should be viewed as indicators rather than conclusions.
Please keep in mind that cryptocurrency is a highly volatile market and can be unpredictable. It’s always a good idea to do your own research and consult with a financial advisor before making any investment decisions. Diversify your portfolio and do not invest more than you can afford to lose. It’s also a good idea to stay current on any developments or changes within the Loom Network environment that could impact its value.
What is the LOOM Network?
The LOOM Network is a multichain interop platform optimized for scaling high-performance dapps that require a fast and smooth user experience.
What is unique about the LOOM Network?
The LOOM Network allows developers to run large-scale decentralized applications on multiple blockchains, including Bitcoin, Ethereum, Binance Chain, and Tron. It offers fast and low-cost transactions on its PlasmaChain network.
Who are the founders of the LOOM Network?
The LOOM Network was founded by Matthew Campbell, James Martin Duffy, and Luke Zhang in 2017.
What is the LOOM token?
The LOOM token is a proof-of-stake token used to secure the LOOM Network’s mainnet, called Basechain.
What are the uses of the LOOM token?
LOOM holders can stake their tokens to help secure Basechain and earn rewards. Developers also use the token to pay for dapp hosting on the LOOM Network.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.